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Why do you make money trading on demo but not in real market? [Trading Q&A]
dans
Général
Aug 22, 2022 at 08:10
Demo account is only for educational purposes and does not guarantee success on the live platform. Demo lacks in developing trading psychology which is the main reason why traders make money on the demo but are unable to make money on the live accounts.
There is no short cut
dans
Général
Aug 18, 2022 at 05:43
Forex trading is highly risky and simple mistakes can lead to the failure of the trade. Traders need to have a good and deep understanding about forex trading which can’t be acquired by taking shortcuts. Shortcuts will only lead to failure and losses.
Is Forex risky?
dans
Général
Aug 18, 2022 at 05:42
Well, I don’t think anyone should believe in the concept of making money that is easy and risk-free. Forex trading is not just risky but a challenging task that has more losers than winners. Take the risk only if you are ready both ways.
Money Management Tips
dans
Général
Aug 18, 2022 at 05:42
When it comes to forex trading, you must be really good at making use of your money. It’s not just about making money but also about saving your money. So, also develop skills to protect your capital while you are in the rage of making money.
Consistency is the brick
dans
Général
Jul 25, 2022 at 05:37
Reaching consistency at making profits is a major goal for most traders. But it’s something that can’t be achieved so easily. Some traders can’t keep calm on making losses while some traders can’t control greed on making profits
Different approaches of trading
dans
Général
Jul 25, 2022 at 05:36
Gambling is not a form of trading. It is in itself an activity that is addictive and risky. I have to mention that some traders turn into gamblers if they don’t study well and take challenges for the sake of making money. Basic education is really important for traders so that they can find the right path of trading for them.
Best broker for cross pairs
dans
Nouveaux traders
Jul 21, 2022 at 13:35
I am trading EURGBP, EURCHF, and CADJPY with fxview and xm. Both offer tight spreads.
When a trader is a newbie
dans
Général
Jul 08, 2022 at 05:21
Yes, that’s true! Most people do not understand the importance of learning and hard work. They do not take forex seriously, and then they lose. Newbies need to learn that there is no easy road to riches, and forex is no different. Forex, like any other financial area, requires much hard work and learning before one starts becoming successful.
5 Things I have learned in 5 years of trading!
dans
Général
Jun 21, 2022 at 05:29
The most important things that a trader must take into consideration are enough learning and practice, discipline, patience and consistency, emotional control, being confident in your own trading strategies, and learning and relearning and applying is the key.
You need sound mind
dans
Général
Jun 20, 2022 at 10:59
In order to become a consistently profitable trader, you need to have a clear head so that you can adapt to the market as it is and don’t set unrealistic expectations that may ruin your trades.
Most people fail because
dans
Général
Jun 20, 2022 at 10:59
Most traders fail because they don’t have a strong mind to accept and to adapt. There are no real rules of trading. You build them for yourself. If you are not able to be disciplined and stick to your trading plan, you will obviously fail because without having a path to move ahead, you will get lost in the forex market.
How to answer what do you do for a living?
dans
Traders Expérimentés
Jun 17, 2022 at 10:33
This is a really tough question. Much tougher than forming my trading plan. Well, when anyone asks me what I do for a living, I do not directly tell them that I trade forex. Instead I use sophisticated terms in a full compound sentence. Most don’t ask further, Lol!
What creates an advantage of best traders?
dans
Traders Expérimentés
Jun 17, 2022 at 10:32
In my opinion, only those traders who have or develop a growth mindset and discard the fixed mindset are the ones who reach the level of being called ‘the best.’ Traders with a growth mindset think that intelligence and originality can be developed through practice and time. Because they reframe problems as learning opportunities, they are less likely to be disheartened by failure. This permits people to be fulfilled and joyful.
Does forex strategies usually work>
dans
Général
Jun 17, 2022 at 10:31
They work but not always. The market is dynamic, and to win consistently, you have trade as per the market demands. So get yourself acquainted with different market conditions. In this way, you will know which strategy to implement and when.
Can you borrow money from the bank to trade forex?
dans
Général
Jun 16, 2022 at 10:42
I wouldn’t recommend borrowing money for trading purposes. Forex is a risky market. With a debt in your hand, you could make things worse, as this would put you in more psychological stress. Trade with your own money. If you don’t have money, get a job and save money for trading.
Indicators are useful but
dans
Général
Jun 14, 2022 at 10:33
Imo, traders use indicators according to their requirements. There are many experienced traders who do not depend on indicators and depend on fundamentals.
Free sources of professional Forex education
dans
Général
Jun 13, 2022 at 10:30
There are also some free trading courses offered by Udemy that one can prefer.
Most people fail because
dans
Général
Jun 13, 2022 at 10:29
Incapability is a major reason why traders fail. And when they fail, it’s not just money-making they fail at but also at understanding the market, building a trading strategy, and executing their trades.
Most people become unrealistic
dans
Général
Jun 10, 2022 at 09:39
Being unrealistic is a sign of an uneducated trader. A trader who has studied well won’t ever expect the market to give free money. He will rather work on his strategy to make profits.
Mind or Machine? What’s Better For Forex Trading?
dans
Général
Jun 10, 2022 at 09:38
In the modern forex trading world, I believe you would need a trading bot that will help you keep up with the market competition. The market is moving quite fast and you may not always be able to take advantage of them while trading manually. But with a bot, you can trade quickly as per your set conditions.
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