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Broker suggestion for EU traders
अंदर
सामान्य
Nov 02, 2020 at 08:04
Nowadays it doesn't really matter where you trade from, there are always many options available. I'm currently looking into Eurotrader, it sounds good but I haven't made my mind up about it. Does anyone have experience with them?
Money Management Tips
अंदर
सामान्य
Nov 02, 2020 at 07:40
Yes, also many traders come into forex greedy to begin with, not being aware how important it is to know how much risk they can afford to take.
having a losses
अंदर
सामान्य
Nov 02, 2020 at 07:33
Definitely, using orders the right way is a very useful thing as it is impossible to monitor every single one of your trades all the time.
What are two types of analysis?
अंदर
सामान्य
Nov 02, 2020 at 07:25
Sentiment analysis is when we look at the general attitude of traders/investors towards certain assets. In general (not specific to forex), for example, the state of the economy can influence how much investors are willing to take risks - if the economy is struggling, that often results in a "risk-off" sentiment, when people are less likely to choose high-risk assets and invest more in things like bonds. On the contrary, when the economy is thriving, the sentiment might be more "risk-on", meaning high-risk assets are more popular. This way knowing the general opinions and s...
Demo can not make you well experienced
अंदर
सामान्य
Nov 02, 2020 at 07:07
Totally true, if demo trading is best when it is done with the right mindset.
Market fluctuations are an artificial phenomenon.
अंदर
सामान्य
Oct 28, 2020 at 09:58
What do you mean, how is it possible to tamper with technicals like that? I don't think that is how it works.
How you find Reliable Forex Experts?
अंदर
सामान्य
Oct 28, 2020 at 09:55
You're right, it is definitely good to test it before using. Do you like to use EA's as they are, or do you modify them to fit you better?
Demo can not make you well experienced
अंदर
सामान्य
Oct 28, 2020 at 09:26
I totally agree!
Demo can not make you well experienced
अंदर
सामान्य
Oct 28, 2020 at 09:21
In my opinion it is worth sticking to demo until you have been consistently profitable for at least a few months. Successful demo trading is still a good indicator of whether your trading strategies work or not. I believe you need to be able to trust your methods before you enter real trading where your psychology is more affected. But if you feel ready to move on, I think you should start with a cent account.
For Newbie
अंदर
नए ट्रेडरों
Oct 21, 2020 at 18:27
Definitely, I agree with both of you. Trading is portrayed as a way to get rich quick way too often, but we need to be careful and not let greed dictate our decisions.
Patience is best tool to get success
अंदर
नए ट्रेडरों
Oct 21, 2020 at 18:24
Patience is great but it can take a lot of work to develop it. It takes a lot of introspection and self-awareness.
Why are forex traders interest rates so important?
अंदर
नए ट्रेडरों
Oct 21, 2020 at 18:17
The BabyPips explanation is indeed great. Following news about interest rates is an important part of fundamental analysis.
Tips To Being A Successful Trader
अंदर
नए ट्रेडरों
Oct 21, 2020 at 18:09
Great list, and I like @ele020 's addition, too. These basic statements are worth remembering and reminding ourselves of from time to time.
Why not trade your own money?
अंदर
नए ट्रेडरों
Oct 21, 2020 at 18:00
Trading for other people vs for yourself can differ in many ways, especially in terms of emotions and responsibility. The two are not mutually exclusive, of course.
Hyperactivity
अंदर
नए ट्रेडरों
Oct 21, 2020 at 17:54
Manual trading indeed might be a good solution for you. You can use an automated system to send you alerts but it might be better to make the actual trade yourself.
Is demo trading enough before real account?
अंदर
नए ट्रेडरों
Oct 21, 2020 at 17:48
Demo trading is definitely necessary. They might not be enough as they cannot simulate the emotions you might feel when there is real money at stake but I think you can adjust your mindset to treat demo money like real money as much as possible. Regardless, it is useful for testing your strategies before you risk your capital.
Market fluctuations are an artificial phenomenon.
अंदर
सामान्य
Oct 21, 2020 at 17:43
I don't think it is an artificial process either. I mean, even though monetary decisions often influence currency trading, the fluctuations are more complex and cannot be directly manipulated.
Trading time is very important
अंदर
सामान्य
Oct 21, 2020 at 14:58
When you trade is definitely very important, besides the different sessions it is worth knowing when news are released, when fixings are, etc. Also you should pay attention on Fridays not to forget about positions you don't want to hold over the weekend.
I gave 1000% in commission to my broker last week and you ?
अंदर
सामान्य
Oct 21, 2020 at 14:52
These numbers do sound very high. If you really paid this much, I think you got scammed or something. It's hard to say without knowing what brokers and how many of them you used for your trading, though.
using leverage
अंदर
सामान्य
Oct 21, 2020 at 14:47
I think leverage trading should always be used with caution and it's not a good idea for beginners. But with good risk management tactics it can be used in a more safe way and it can be very useful.
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