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How long does it take one to be consistently profitable with forex trading
v
Noví obchodníci
May 23, 2022 at 05:49
True, it can take a while to get used to the market and learn before you can earn consistently. It takes hours of effort and work.
scalping easy ?
v
Noví obchodníci
May 18, 2022 at 06:36
Every forex strategy brings with it their own set of challenges. Compared to all, I find forex scalping the most suitable for my own needs, As different traders have different circumstances, their choice of trading differs.
Newbie on a steep learning curve
v
Noví obchodníci
May 17, 2022 at 05:45
Hello there. Welcome to the market. I must say you are pretty experienced in life. So you will not have a problem understanding forex.All the best!
Mind or Machine? What’s Better For Forex Trading?
v
Obecné
May 16, 2022 at 04:55
In trading, having the right mentality is crucial. When traders are sad, they should stay away from trading since depression acts as a barrier. It makes it difficult for traders to concentrate on market analysis, and traders cannot foresee market movement without it.
Forex market offers great opportunity
v
Obecné
May 16, 2022 at 04:55
Yes, the currency market provides excellent opportunities. However, only qualified individuals can take advantage of this chance. The rest of them simply trade and lose money. If someone wishes to take advantage of this chance, they must concentrate on studying.
Very tough business.
v
Obecné
May 16, 2022 at 04:55
Indeed trading forex is very tough and not a piece of cake for everyone out there. However, if you have a sound knowledge and a lot of experience then it gets easier for you. But always remember that forex trading is easy gain and easy loss. If it makes you rich in one trade, it is also capable of wiping out all of your money in a single trade.
Can forex trading make you rich ?
v
Obecné
May 13, 2022 at 05:30
If you have extraordinary trading skills, immense knowledge, experience, discipline, focused mindset, determination, and patience then definitely trading forex will make you rich.
Demo Trading Advantages
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Obecné
May 12, 2022 at 05:06
Demo trading is the first step in the forex market and every trader should always start from trading on a demo account. It not only enhances your trading skills, but also it prepares you for everything before you start trading in a live account. Demo account is actually a saviour as there are no risks and you can practise trading until you are fully ready to trade using real money on a live account.
How much money can I expect to make from trading?
v
Obecné
May 12, 2022 at 05:06
No one can exactly predict how much profits they are going to make. Every trader has their own way of trading and you can only make profits when you have trading skills. Also I think you should be more focused on learning and understanding the market. Once you master all the skills, you can start making money.
Gold broker recommendations
v
Obecné
Apr 15, 2022 at 13:15
I have had good experience trading commodities including gold with turnkeyforex, solid conditions.
Is a demo account really neccassary?
v
Noví obchodníci
Apr 14, 2022 at 04:57
Trading can be really tough for the beginners and that is why you need to have a demo account. You will be able to see how the market works and you will also be able to see how the strategies work in real time. This is a great way to learn more about the strategies and to also test them out. You have to have access to the trade simulator in order to get the most out of your trading
lost
v
Noví obchodníci
Apr 14, 2022 at 04:46
That is exactly the way it is. A lot of traders failed because they did not follow the plan. There is no need to lose your temper or get emotional when things go wrong. Always stay focused on your forex trading strategy, and remember to follow rules at all times. What you should realise is that even the best traders on the planet have their losing days. You just need to analyse your mistakes and take corrective actions.
How to Avoid Forex Losses In Forex Trading?
v
Noví obchodníci
Apr 11, 2022 at 05:36
If you want to avoid losses in forex trading, follow these basic rules: 1. Never make a trade without having a clear exit point. 2. Learn to identify the difference between a good trade and a bad one. 3. Don't trade when you're not in the best frame of mind for trading. 4. Take profit quickly when it appears. 5. Cut your losses short. 6. Don't add to a losing position.
Diffrence between real & demo trading
v
Noví obchodníci
Apr 05, 2022 at 04:30
A real account and a demo account are quite similar to each other in functioning but one major difference is in terms of money. In a demo account, you trade with virtual money but in a real account, your own money is involved. Demo accounts are the best way of practising and backtesting the strategies by the trader.
money manage and leverage
v
Noví obchodníci
Mar 03, 2022 at 04:41
Money management will help you to survive in the market for a long period of time. By applying money management techniques you will not easily blow up your account. As far as leverage is concerned, use small leverage initially.
Greed is poison
v
Noví obchodníci
Mar 03, 2022 at 03:58
It’s important to know that being greedy won’t do any good to you. If you want to really make it in your trading career, you have to make sure that you trade only when it is needed. Not any time that seems to be a good time just because you want to make money.
What do you expect from a broker?
v
Noví obchodníci
Mar 01, 2022 at 04:40
I generally expect tight spreads, low commissions, fast execution and easy withdrawals from brokers and am satisfied with TurnkeyForex for that matter.
Learning Forex Trading
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Noví obchodníci
Feb 28, 2022 at 05:31
A forex trader has to be focused, disciplined, and knowledgeable. It might seem easy to buy and sell currencies but what causes the biggest trouble is determining the right time to do so.
Believes.
v
Obecné
Feb 23, 2022 at 05:05
It is hard to predict the forex market. However, if you have a working strategy and have knowledge about fundamental and technical analysis, then you can make money trading forex.
Trading in lower timeframes
v
Obecné
Feb 22, 2022 at 05:52
In forex, the trading time frame is very important. Lower time frame forex strategies are usually shorter-term in nature. Having a good understanding of the currency markets and the price action that occurs on a lower time frame is helpful when trading on smaller charts.
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