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Does forex strategies usually work>
v
Obecné
Mar 30, 2022 at 07:27
A strategy depending upon your trading style and what you want to achieve. There is no best fit for all. Moreover, a strategy that works for you today might not work tomorrow, so you have to keep on updating it from time to time.
Be productive
v
Obecné
Mar 29, 2022 at 07:05
Definitely! There is no point in trading if you are neither learning anything nor making profits. To make trading meaningful, traders should have a plan and distribute time to learning each of their trading skills.
When a trader is a newbie
v
Obecné
Mar 28, 2022 at 09:15
When you are a newcomer, you should put your complete focus on learning skills. Nobody makes money in forex instantly. If you keep working on your skills, you will see the results slowly.
Books or Videos - Which one is better for learning?
v
Noví obchodníci
Mar 25, 2022 at 05:42
I don't think there is any purpose of distinguishing between different types of learning resources. Learn from wherever you can. Personally, I prefer a mix of all.
Have a plan and stick to it
v
Noví obchodníci
Mar 25, 2022 at 05:38
For traders, making a plan is easy, but it is difficult to follow one. Breaking your own trading rules is irresistible when you begin trading. However, it should be avoided because it will not make you profitable.
Demo Trading Advantages
v
Obecné
Mar 24, 2022 at 08:03
Losing money is the biggest fear of traders. But with demo accounts, since you trade with virtual money, you can trade without any fear. It is also a great platform to create and test your trading strategies.
Forex is not like gambling
v
Obecné
Mar 24, 2022 at 07:59
Forex is not gamabling because to become a successful trader you need a trading plan and skills. However, that is not the case with gambling.
Which pair do you use?
v
Noví obchodníci
Mar 24, 2022 at 07:51
EUR/USD, USD/CAD, USD/JPY, GBP/USD, and USD/CHF
Which pairs are your least favorite to trade? And why?
v
Noví obchodníci
Mar 23, 2022 at 05:33
NZD/JPY is my least favourite pair because of its high volatility.
Basic mistake we make
v
Obecné
Mar 22, 2022 at 05:16
I consider lack of proper trading knowledge to be the basic mistake committed by traders. Traders also lack seriousness towards trading. Despite understanding the market’s volatility, many traders take it lightly. It is paramount to build forex foundations to become a successful trader.
Greed, the destruction
v
Obecné
Mar 22, 2022 at 05:12
Greed is one of the most dangerous emotions that traders experience in trading. Traders should trade with consistency and have stringent trading rules to overcome greed. That may include overleveraging and finding methods to stay focused in trading.
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