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miguelcaron
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miguelcaron
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Those who can't learn will be eliminated by the market
in
Erfahrene Trader
Dec 28, 2021 at 04:29
The forex market is very volatile. Only learning can give you the ability to make money out of these swings. Learning gives you the ability to stay in the market for a longer period of time and make money out of it.
How does experience come?
in
Erfahrene Trader
Dec 09, 2021 at 05:41
Experience comes with time, and it is the only way we gain knowledge. Traders who have spent their time on the markets have already accumulated enough experience to know what is good for them and what isn't. After gaining experience; you will be able to know what works for you and what doesn’t, and trade the way that is best for you.
Some of the traders who fail
in
Allgemein
Dec 09, 2021 at 05:36
Traders fail because they lack knowledge and skill. Some traders fail because they are too greedy. They simply cannot follow their trading plan.
Anyone suggest me best broker for forex trading?
in
Erfahrene Trader
Dec 07, 2021 at 08:21
Turnkeyforex is a good broker overall, low trading cost plus good customer service.
which target ?
in
Neue Trader
Dec 06, 2021 at 04:45
It’s hard to maintain consistency in this volatile market, some days are better than others.
When loss occurs
in
Allgemein
Dec 03, 2021 at 05:16
Losses are the part of the trade that is necessary to be prepared for, and it is the part of the process that teaches us how to turn a loss into a full-blown profit. As a trader, one should have a complete understanding of the risk-reward ratio and always maintain a trade journal. This will help you to manage the trades effectively and optimize your profitability throughout the trade.
New traders should be content
in
Allgemein
Dec 02, 2021 at 05:24
If you have the skill of money management, then you can definitely make money trading forex. If you want a good return from forex trading, then you should definitely have the skill and strategy to employ when trading forex. Beginners can also make money with forex trading if they do their analysis correctly and follow the right strategy.
Can you Succeed like this
in
Neue Trader
Dec 02, 2021 at 05:16
Success in forex trading depends upon a lot of things, but the main thing is discipline to follow an effective trading strategy. If you are a beginner, you should adopt both long-term and short-term trading strategies because it increases the chances of getting a significant profit.
Is forex trading really worth it?
in
Allgemein
Dec 01, 2021 at 04:03
Forex trading is really worth it if you know what you are doing. The forex market is open 24 hours a day and five days a week, so there is always an opportunity for trading, but you should be aware that it is a market where you can lose as much as you might win. So prepare yourself before you consider trading.
Beginners Targets 2020.
in
Neue Trader
Nov 30, 2021 at 05:32
Traders should make a trading journal to note down the price, time, and reason for every trade. This will help them learn from their mistakes if they are struggling with trading. A good strategy and a perfect plan are enough to win in Forex Trading. One needs to follow a strict discipline when it comes to trading.
Two accounts for Hedging?
in
Neue Trader
Nov 30, 2021 at 05:22
The most important thing is to have a strategy. You should have a strategy on when to enter, adjust and exit the market while you trade.
Understanding Market Orders
in
Neue Trader
Nov 24, 2021 at 04:41
Market orders are orders that are executed immediately when the desired price is met. A market order is just like it sounds, you put in your bid and an asking price, and the system acts as soon as it can to fill that trade at a most favorable rate. Most commonly, they are used for short term moves in a currency pair. Understanding how market orders work will help you to gain more clarity on how the Forex market functions.
Any good brokers with proper leverage / cent account for EU residents
in
Allgemein
Nov 22, 2021 at 10:08
Turnkeyforex is also a good option for higher leverage, upto 500X.
Getting so much confused with the terms. Please, help.
in
Neue Trader
Nov 22, 2021 at 05:52
If you are completely new to Forex trading, I recommend reading the basics before attempting any more advanced strategies. Forex trading takes time to learn, and I would advise you to be patient, as it will pay off in the long term.
Can you leave Forex Trading?
in
Neue Trader
Nov 22, 2021 at 05:36
Not really. I want to learn more about Forex trading. One thing that drives me into Forex is that there isn't a single requirement to start trading. You don't need a degree, and you don't need to get approval from your boss. You don't even need to leave the comfort of your home. All you need is a computer or electronic mobile device and internet access. You can start trading Forex whenever you like (and as long as you want).
Is demo trading enough before real account?
in
Neue Trader
Nov 19, 2021 at 10:25
Demo trading can be an excellent way to familiarize yourself with the forex market, get a feel for your comfort zone and learn how to read charts.
Forex trading is a work for professional
in
Neue Trader
Nov 19, 2021 at 07:54
Forex trading is for everyone with a basic understanding of the market. All professionals have started from somewhere, whether from a college degree or from being unemployed after retirement. The first step to becoming a forex trader is learning and researching the market before trading with real money.
What is the average profit...
in
Neue Trader
Nov 19, 2021 at 07:50
The average profit for a Forex trader depends upon how one defines "profit." Some traders make 20 to 30% profit while others may only make 1% to 3%. It really depends on how much risk a trader is willing to take and what strategy they are using. If you know risk management and you are trading with a high-probability trading system, your chances of making money will change dramatically.
How long on a demo account
in
Neue Trader
Nov 18, 2021 at 05:18
Beginners should practice for at least two months on a demo account before trading with real money. A demo account gives you an idea of the dynamics of trading. You will learn how forex works and slowly develop your own strategy.
The dark side of forex markets
in
Neue Trader
Nov 18, 2021 at 05:10
Every business has its dark side. Forex is an international market, which can be traded 24 hours a day, five days a week. The main problem is the lack of unbiased information about forex markets. If you have a sound knowledge of the forex market, you have better prospects of earning money, and if you don't have that knowledge, then your income will depend on chance.
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