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MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
dans
Général
Apr 27, 2022 at 06:48
MT4 is best for beginners as it is easy to use. On other hand, MT5 is a better-advanced trading platform with robust analysis with 21-time frames and a depth market analysis with 38 built-in indicators.
7 Benefits of using stoplosses
dans
Général
Apr 27, 2022 at 06:47
Stop-loss is a good risk management technique as it manages the risk by limiting your losses. It can also help protect traders' accounts from losing all of their capital.
Demo can not make you well experienced
dans
Général
Apr 26, 2022 at 09:33
A demo account, in my opinion, will help you understand how forex trading works and which trading strategies are most advantageous. It will teach you how to trade without risking real money.
Forex is not scam
dans
Général
Apr 26, 2022 at 09:32
I wouldn't call forex a scam, but it does have asymmetric information, which leads to misinformation. To prevent becoming trapped in a scam, have a basic understanding of how forex trading works, and have an upright trading knowledge and trade with well-regulated forex brokers always just to be on the safer side.
To shine in forex
dans
Général
Apr 25, 2022 at 11:35
Traders cannot trade without knowing the actual market trends, so traders must persevere to conceive new strategies to understand market trends. A good trading strategy is likened to an asset with consistency in your returns. Use a demo account before trading and learn effective charting analysis techniques.
Newcomers and demo trading
dans
Général
Apr 22, 2022 at 06:45
Beginning as a newcomer in forex trading can be challenging, I would recommend going through different terminologies and concepts from the internet. At first, it can be tough to understand the trading analysis and charting patterns but there's always an option to opt for a demo trading until you are comfortable with risking real money.
Emotion in Forex trading
dans
Général
Apr 22, 2022 at 06:36
Edit - Double Post. My bad.
Emotion in Forex trading
dans
Général
Apr 20, 2022 at 08:02
I would advise don't let emotions ruin your decision-making in Forex trading as it can often blow up your accounts quickly. When in distrust, track each trade at an interval. Also, learning a new trading strategy can be a blissful and profitable way to get out of an emotional trading rut.
What are the popular Techniques for Forex trading?
dans
Général
Apr 19, 2022 at 12:09
My favorite is scalping as I make money from small price changes. My favourite is scalping as I make money from small price changes. I keep a 120 pips target for a day and segregate trades underway. Sometimes 2 - 3 trades work well and other days you need to open 10 -15 trades too. It all depends upon the strategies we make and the capital deployed.
Demo Trading Advantages
dans
Général
Apr 19, 2022 at 10:46
According to me, the best advantage is you will not lose real money if you make losses. Also, you will get a hang of how the platform works and get a sense of the broker's trading strategy.
Guys, What do you think about Central Bank Digital Currency - Dollar/others?
dans
Général
Apr 19, 2022 at 10:39
We can expect swift, more efficient and safer payments. Also, convenient tracking of digital currencies. It eliminates the threat of commercial bank bankruptcy.
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