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Ambersmith345
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Forex News
在
一般
中
Feb 09, 2023 at 06:46
I prefer websites such as Forex Factory, DailyFX and FXStreet to check forex specific news and analysis.
What factors to consider when picking traders on copy trading platforms?
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一般
中
Feb 09, 2023 at 06:40
Sharing some tips to follow good and reliable traders while copy trading:1. Research the trader: Look at their trading history, their wins and losses, and their overall strategy.2. Check their performance: Look at the trader's returns over a period of time and drawdown percentage.3. Diversify your portfolio: Don't rely on just one trader, instead follow multiple traders to minimize risk.4. Follow base- Determine the number of followers of the trader before copying them.Btw, which platform are you using?
What are the best practices when trading?
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一般
中
Feb 09, 2023 at 06:39
Here are some best practices when it comes to trading:1. Defined trading plan: A solid trading plan includes a clearly defined strategy, risk management plan and target profit and loss levels.2. Educate yourself: Continuously educate yourself about the market, the economy and different investment instruments.3. Diversify your portfolio: Diversification is a key factor in reducing risk.
Why are some traders successful?
在
一般
中
Jan 16, 2023 at 12:20
I agree. For being successful you need a well-defined strategy which has a positive expectancy of outcomes and you need to apply this strategy consistently.
For better trading profits
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一般
中
Jan 16, 2023 at 12:18
If you are new to trading and looking for a side earning as well, I think copy trading is the viable option. I have been doing it myself on Zulutrade for quite a while now and I have not only gained profits, but I have also improved my trading skills by learning from professionals.
Consistency is the brick
在
一般
中
Jan 16, 2023 at 12:17
Consistency refers to the stable and regular profits in your trading.
Demo can not make you well experienced
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一般
中
Aug 02, 2022 at 12:09
Demo trading is just a step to know everything about forex. So if you think you have become well versed with the basics, then you can shift to a real account, no harm.
Ready made strategy doesn't
在
一般
中
Aug 02, 2022 at 11:59
Because the forex market is so unpredictable, you can't rely on a single strategy or ready made strategy to be successful here. So , coming up with your own strategy is the best way to proceed.
What is the importance of knowledge?
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一般
中
Aug 01, 2022 at 12:06
Trading knowledge and a trading plan is paramount to having a successful trading journey. It is important to understand that trading education will never be over and that there will always be new concepts to study, strategies to develop, and skills to master.
Demo Trading Advantages
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一般
中
Aug 01, 2022 at 11:53
Only on a demo account can you test your strategy and identify your strengths and weaknesses. Also, it helps to learn and understand how to use stop losses in unpredictable movements of the market.
Can forex trading make you rich ?
在
一般
中
Aug 01, 2022 at 11:50
Yes, Forex can make you rich. It is challenging but not impossible. It mainly depends on how well you trade, your experience, forex knowledge, strategies, risk management, persistence, alertness, etc.
Forex trading is a work for professional
在
新手交易員
中
Jul 27, 2022 at 11:43
Everyone can trade in forex, and all it takes to succeed in the market is the right knowledge and skills.
What is the importance of knowledge?
在
一般
中
Jul 27, 2022 at 11:38
Knowledge plays a very important role in the success of a trader because it enables an individual to make wise decisions.
There is no short cut
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一般
中
Jul 19, 2022 at 07:45
True, there are no shortcuts in trading. Trading success takes time and a lot of effort. You must practise and learn a lot.
How much should you invest in trading
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一般
中
Jul 19, 2022 at 06:11
It varies from trader to trader and if you are a beginner you should start with the minimum deposit.
Money Management Tips
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一般
中
Jun 14, 2022 at 11:58
There are a number of things you can do to improve your money management when trading. One is to put in a stop loss and another one is to work harder to find trades with a good risk/reward ratio and avoid any high-risk trades.
Mind or Machine? What’s Better For Forex Trading?
在
一般
中
Jun 14, 2022 at 11:57
When it comes to trading, minds are better than machines. Because of the high volatility, the value of the currency pair can change at any time, and at such times, the human mind can analyse the problem and make a better decision whereas machines will have hard time adapting to the ever changing price movement and you will need to constantly tune the strategy to make it work every time you are trading with market.
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