Posts de Piffling

What is the trading psychology for you? dans Général Dec 07 2022 at 07:52

A good trading psychology is to have the right mindset and maintain a proper balance of emotions while trading. It helps to stay optimistic.

Trading rules which are better broken! dans Général Dec 07 2022 at 07:51

Traders should get familiar with technical and fundamental analysis so they can choose which style they need to go with depending on the market changes. Placing stop loss at the start of each trade and calculating a risk reward ratio are measures to lower risk and earn profit.

Broker Recommendation- low slippage brokers dans Général Dec 05 2022 at 11:18

For minimum slippage, make sure to trade with a broker having fast trade execution speed. Brokers like aaafx, xm, and roboforex are good options to consider. But, you should do your own research before selecting any broker.

What is the importance of knowledge? dans Général Nov 29 2022 at 07:32

Without grasping knowledge, it is nearly impossible to understand how the market functions, its terms and conditions and the psychology in which it rests. There are materials available online like books and articles to browse through to increase skills and get in touch with the market sentiment.

Most people become unrealistic dans Général Nov 28 2022 at 07:08

Unrealistic expectations can ruin the game. Being realistic is crucial, and traders must know their risks and how they have to go forward. Knowing various parameters and knowing how to trade will remove such a tendency.

Forex trading is a work for professional dans Nouveaux traders Nov 28 2022 at 07:08

Yes, forex trading is the work of professionals. And, only experts and experienced people are the ones in majority who make consistent profits. But this does not mean that the professionals were born as pro experts of the forex market. Everyone started with a small account, and was a noob in forming strategies. It is the consistent dedication of making strategies and analysing the market that makes people professionals from newbies.

How often does the market change? dans Nouveaux traders Nov 22 2022 at 07:58

The market changes constantly. Even sometimes I believe that the saying “Change is the only constant” was made in regards to the foreign exchange market. The forex market is highly volatile, as being a global market, a lot of factors around the world seem to be affecting the currency pairs.There’s no specific time to change the strategy. If your present strategy is not working out for a period of 3 months, it is high time that you change it. Usually, if a market fluctuation is temporary, it gets back to normal conditions within 2 weeks to 1 month.

Psychology dans Général Oct 07 2022 at 07:11

Your psychology determines how well you make decisions. Forex trading is extremely risky and challenging because a trader needs to develop self-confidence in order to be truly effective. If you involve emotions then you can suffer huge losses.

Indicators are useful but dans Général Oct 07 2022 at 07:11

Yeah I agree. Indicators are useful but full dependence on them is a stupidity. Most traders should be familiar with forex indicators as they are crucial trading tools. However, your skills, knowledge, experience, and efficiency is what matters the most.

Best Broker for a Newbie dans Nouveaux traders Oct 05 2022 at 09:37

New traders should check the regulations of brokers before anything else. After that comes the trading conditions. Brokers fulfilling both criteria include aaafx, fxtm and etoro. Newbies can start with any of these for just 10 bucks and test the trading conditions before going big.

Mind or Machine? What’s Better For Forex Trading? dans Général Sep 30 2022 at 09:51

Machines can process information much faster than humans. They can also take into account a large number of factors and data points when making their calculations. This means that they are more likely to come up with accurate predictions. Additionally, machines are not subject to emotions or other biases that can cloud human judgement. This makes them more reliable in terms of making decisions about the forex market.

Does forex strategies usually work> dans Général Sep 28 2022 at 07:10

Yes, forex trading usually works for me. I have been trading forex for a while now and I have been able to consistently make profits. I think the key to success in forex trading is to have a solid strategy and to stick to it. I have a good understanding of the market and I know when to buy and sell. I also keep a close eye on the economic calendar so that I can make informed decisions.

Why do you make money trading on demo but not in real market? [Trading Q&A] dans Général Aug 02 2022 at 06:41

There is no comparison between demo trading and live trading. They may look the same on the surface level but they are not the same. Our mindset is different when we are risking real money. We struggle to control our emotions and end up losing the trades. But that’s how we learn as beginners in forex. So, we just need to focus more on emotional control and risk management to minimise the losses during the learning period.

Why are some traders successful? dans Général Aug 02 2022 at 06:40

Even the most successful traders have gone through the same struggles when they were beginners in the past. They became successful because they were committed to learning and never gave up on trying until they became skilled traders. Learning and improving yourself is the only way to become profitable in forex trading.

Very tough business. dans Général Jul 15 2022 at 04:46

Trading is really tough. A trader has to go through a series of losses, and there will be a decent amount of mistakes as well from time to time. No one can trade perfectly in the beginning. Being mentally stable is even more difficult especially when a trader is witnessing a series of losses. But, those who overcome all these challenges and stick to the process of trading become successful.

Newbie wannabe Trader dans Nouveaux traders Jul 15 2022 at 04:45

The market environment is a risky place to be but with the right set of skills and knowledge, traders can find it less challenging. This is why many experts insist on learning properly. Take time to learn so you can make the right choices. Try to stay calm and control the situation to your benefit. With experience, you will be able to master this craft.

Is a demo account really neccassary? dans Nouveaux traders Jul 14 2022 at 04:50

Demo account only helps the trader understand what may happen during the live process, although the demo practice only gives you a taste, you won’t be prepared for real loss. So, stay strong mentally and practice until you have back tested different strategies to get the best outcome. It boosts confidence and gives the trader a better idea on market sentiment.

Forex is not scam dans Général Jul 13 2022 at 05:19

Trading in foreign exchange is not a scam of any kind. It is a legitimate business. which provides a wonderful opportunity for successful traders to make a significant amount of money for themselves.

Is Forex risky? dans Général Jul 13 2022 at 05:08

It's true that forex trading is risky and difficult. In the absence of thorough market knowledge and comprehension, you may find yourself at a disadvantage. In that case, you won't be able to compete in the market at all. There is an extremely high probability that you will suffer only losses.

There is no short cut dans Général Jul 11 2022 at 04:41

You will always find people who will tell how well they have been doing and how well you can do if you take their help. You have to make up your mind to not get carried away by such false promises and trade only when you can take the risk.

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AUDUSD	0.66928	USDCHF	0.9144
EURJPY	144.888	EURCHF	0.99776
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EURUSD	1.09118	GBPUSD	1.23718
USDJPY	132.78	USDCAD	1.35413