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Forex Tips
Mitglied seit Aug 27, 2017
875 Posts
Nov 05, 2020 at 11:00
trading Forex with no knowledge i think the biggest mistake ever that beginners level always do. this mistake even i have passed when was a newcomer.
keeping patience.......
Mitglied seit Aug 24, 2020
17 Posts
Nov 05, 2020 at 19:10
Forex Trading Tips:
*Trade with retail traders: if price breaks ‘Support or Resistance’ level
*Trade with the 'banks’: if price is within ‘Support and Resistance’ level
Trading Hours: any open session
Trading Style: scalping, daytrading, or swing
Trend Finder Time Frame = mt4[D1]
Lot sizes - nano[100($0.01)], micro[1K($.10\pip)], mini[10K($1\pip)], standard[100K($10\pip)]
No 'buy\sell' position while in the cloud
Oversold = Short(sell), Overbought = long(buy)
Trends are usually noted by “higher highs” and “higher lows” in an uptrend and “lower
highs” and “lower lows” in a downtrend.
*Trade with retail traders: if price breaks ‘Support or Resistance’ level
*Trade with the 'banks’: if price is within ‘Support and Resistance’ level
Trading Hours: any open session
Trading Style: scalping, daytrading, or swing
Trend Finder Time Frame = mt4[D1]
Lot sizes - nano[100($0.01)], micro[1K($.10\pip)], mini[10K($1\pip)], standard[100K($10\pip)]
No 'buy\sell' position while in the cloud
Oversold = Short(sell), Overbought = long(buy)
Trends are usually noted by “higher highs” and “higher lows” in an uptrend and “lower
highs” and “lower lows” in a downtrend.
Be more financially free then yesterday.
Mitglied seit Jun 26, 2020
323 Posts
Nov 06, 2020 at 06:51
strategy is important there is no way to deny but honestly speaking in spite of having most powerful analyzing trading strategy trading can be useless if there is no money management , so we have to ensure strong money management first of all.
Mitglied seit Oct 08, 2020
22 Posts
Nov 09, 2020 at 10:21
I am planning to start trading forex. A friend suggested this forum to get help from experienced traders. I hope I am in the right place for learning.
Mitglied seit Aug 27, 2017
875 Posts
Nov 09, 2020 at 10:42
Success is not easy here; in my 1st year of trading I struggled a lot, but I didn’t lose my learning interest; as a result now I am making a decent amount of money! On the other hand, till now I am working on my trading skill.
keeping patience.......
Mitglied seit Jun 26, 2020
323 Posts
Nov 12, 2020 at 06:45
you fixed up a nice point that is determination , this is the main habit we the people have to make sure in real life and also in a trading life. thanks to you.
Nov 12, 2020 at 06:59
There is nobody who is able to reduce loss completely from this volatile trading place, but taking some major steps it can be reduced sometimes. If we can manage our risk when trading practically then it is possible to reduce loss form before. So, we have to emphasis on risk management policy besides acquiring good trading knowledge.
Mitglied seit Aug 27, 2017
875 Posts
Nov 12, 2020 at 09:23
i dont believe any percentage, i just believe all about the consistency
which is the main core to success at any section even trading place.
which is the main core to success at any section even trading place.
keeping patience.......
Mitglied seit Jul 19, 2020
283 Posts
Nov 13, 2020 at 18:59
Forex is a profitable sector of earning money by sitting on your home. A little wrong put you in great danger.
Mitglied seit Jan 07, 2021
15 Posts
Apr 05, 2021 at 10:48
Well, there are no shortcuts to success in life and in forex. Everyone has to walk down a path of hard work in order to become successful.
Mitglied seit Jul 23, 2020
816 Posts
Sep 08, 2021 at 22:08
Start with a demo and practice until you satisfy.
Mitglied seit Jul 23, 2020
696 Posts
Sep 08, 2021 at 22:36
It is best to avoid any unnecessary mistakes in trading.
Mitglied seit Aug 05, 2021
394 Posts
Sep 13, 2021 at 14:25
I think it’s easy to get the idea that trading is easy or that you can make money quickly with little effort. We can thank trading gurus and influencers for giving it that imagine. However, many beginners learn quickly that this isn’t the case and I believe that accounts for the large percentage of failed traders out there. Those that do their research and whom don’t think of it as gambling have a higher chance of becoming successful.
Mitglied seit May 31, 2021
35 Posts
Sep 16, 2021 at 08:30
While trading in forex, it would be better if you do sufficient practice on demo accounts so that the mistakes can be avoided while making live trades.
Mitglied seit Mar 17, 2021
494 Posts
Sep 16, 2021 at 18:51
LyudmilLukanov posted:
Start with a demo and practice until you satisfy.
A demo is the best place to learn all the basics of forex.
