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Forex trading is for expert people

de UweMoench Oct 25, 2020 at 12:59

Knowledge is the main goal in my trading. If I trade with that goal in mind, I will be able to move forward. Otherwise, I will be a failure trader. For this, first I have to gain trading knowledge.

29 Replies 2,067 Vistas

Último mensaje de AliaDare Nov 04, 2021 at 16:36

Number one biggest mistake

de Michihito Nov 29, 2020 at 14:42

@marindateal Yes most people treat it like it's a quick money scheme. But it's not what they think. You can make more than any other business but that doesn't mean it has to be within 1 month.

30 Replies 2,510 Vistas

Último mensaje de UweMoench Nov 04, 2021 at 14:59

No one should depend upon luck

de Michihito Dec 27, 2020 at 07:04

@jonathandaniel Yes there is no option for luck. Luck can't favour us in every trade if we not have skills. It's the skills that bring luck. Not the other way around.

27 Replies 2,281 Vistas

Último mensaje de Akasuki Nov 04, 2021 at 13:42

Leverage

de forex_trader_2009352 Dec 12, 2020 at 15:38

@RobSchiz Yes you are right. But it is also right that without leverage, it would be for people with small capital. It's the leverage that help them to trade with small amount of money.

32 Replies 2,432 Vistas

Último mensaje de Akasuki Nov 04, 2021 at 13:37

Classic books about forex

de forex_trader_318221 Sep 25, 2016 at 06:38

@sebking1986 Yes I agree with you, these two are gem on trading psychology. Unfortunately most people do not bother about trading psychology and don't study about it.

57 Replies 3,823 Vistas

Último mensaje de UweMoench Nov 04, 2021 at 08:08

Purpose of demo trading

de Michihito Jan 27, 2021 at 12:28

@Dwane47 Yes I absolutely agree with you that demo is for developing different skills and strategy not for random trading. But most people just do random trading.

80 Replies 4,822 Vistas

Último mensaje de UweMoench Nov 04, 2021 at 07:25

GBP/USD LONGS HEIGHTEN DOWNSIDE RISKS.

de mdsh7864 Nov 02, 2021 at 07:16

There is massive news coming for GBP and also USD this week. This is going to be a very volatile one i think

1 Replies 652 Vistas

Último mensaje de CraigMcG2020 Nov 02, 2021 at 08:07

You don't need to be

de UweMoench Jun 27, 2021 at 10:20

Price Action Trading System Traders can study this. There is an idea about risk ratio. Generally speaking, if traders trade at a 1: 2 or 1: 3 risk ratio, their profit percentage is higher than the loss.

20 Replies 1,413 Vistas

Último mensaje de LukeRachel Nov 02, 2021 at 00:54

Forex is not a bad business

de Michihito Nov 22, 2020 at 07:04

I think forex gets a bad reputation because of all the scammers out there, along with the influencers that trick newbies into signing up with little knowledge and blowing their account.

32 Replies 2,281 Vistas

Último mensaje de HeavLeighGill26 Oct 28, 2021 at 17:19

Complicated strategy is not good

de UweMoench Jan 10, 2021 at 16:50

@sharabela yes the simpler is the better when it comes to forex trading strategy. Some people like complicated strategy. That's okay if they are doing good with it.

28 Replies 2,282 Vistas

Último mensaje de Akasuki Oct 27, 2021 at 12:44

what kind of spreads do you look in a broker

de richardmarcus Nov 27, 2020 at 04:39

Happy if I get 0.0 or 0.1 but pretty much satisfied as most of the time I get 0.2 to 0.5 on major pairs with fxview.

61 Replies 3,766 Vistas

Último mensaje de winning_trades Oct 25, 2021 at 16:31

Own Hardware vs VPS?

de Ian81 Oct 23, 2021 at 05:38

Thanks @bl4ckp3n9u1n. I have an older Dell R310 server (16gb ram, 2 psu, Xeon X3440 @ 2.53ghz, Win2019) running mine, way overkill, but figured this was the cost effective solution compared to a VPS. I do a similar strategy as yours, let it and the EA run 24/7, doing the required maintenance & patching on weekends. Thanks for the URL, the s...

2 Replies 479 Vistas

Último mensaje de Ian81 Oct 23, 2021 at 17:37

New MAE / MFE feature

de kslay Mar 19, 2013 at 16:10

First of all thanks to Arcforex for the explanation. Now I understand what is about. That's strange there is no any explanation on the vendor site even in help topics. Secondly about the value of such analysis. It reflects real risk taken to real reward/loss fixed for each trade. The best trades are where the risk is 0 (it can not be less than ...

5 Replies 2,614 Vistas

Último mensaje de Stepik Oct 23, 2021 at 17:22

HOW TO GET STARTED WITH AUTOMATE TRADING IN FOREX MARKETS

de DivvyGala Oct 20, 2021 at 08:08

CAN SOMEONE PLEASE HELP ME , I WANT TO GET STARTED WITH MAKING BOTS/EA'S .PLEASE GOD BLESS YOU.THANKS😄

0 Replies 549 Vistas

Último mensaje de DivvyGala Oct 20, 2021 at 08:08

what is biggest pip trade you have seen?

de rickyb Aug 02, 2019 at 03:39

That is quite fine, but yes you can always change the strategy.

52 Replies 3,134 Vistas

Último mensaje de reggae Oct 19, 2021 at 07:51

Indicators are utilized

de Michihito Nov 01, 2020 at 07:08

Indicators are useful if you can use them properly.

1 Replies 368 Vistas

Último mensaje de SteveHanks Oct 18, 2021 at 11:21

A good strategy can

de UweMoench Nov 08, 2020 at 12:25

A good strategy can make you rich in this market.

20 Replies 1,472 Vistas

Último mensaje de SteveHanks Oct 18, 2021 at 11:01

Discipline is the most basic thing

de UweMoench Oct 28, 2020 at 12:51

Yes, discipline is the most basic thing to consider when you are in forex trading. It’s important to be able to stick to a trading plan and that needs discipline.

29 Replies 2,146 Vistas

Último mensaje de Tradextol Oct 16, 2021 at 08:07

Volume

de Keldrilh Oct 15, 2021 at 18:49

Hello,I have a question.In MT4 in the history center there is the column volume, last one on the right.The data in the screenshot are those of IC Markets broker 1 minute candles on USTEC.How to read that volume number?I mean, for example, in the first lines it says 28.Is that 28 lots? 28.000 lots? 28 millions lots? 28 million euro?If anybody knows ...

0 Replies 240 Vistas

Último mensaje de Keldrilh Oct 15, 2021 at 18:49

Traders view

de snapdragon1970 Sep 19, 2021 at 18:10

The quality and profitability of trading really directly depends on your preparedness.

10 Replies 956 Vistas

Último mensaje de Malajind Oct 12, 2021 at 07:13

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