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What market is more chaotic: forex or stocks?
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Sep 20, 2022 at 06:42
Due to the political, economic, and social events that have an impact on currencies rates, cause the forex market to fluctuate. Thus, making the forex market chaotic.
Successful Traders Mindsets
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Sep 20, 2022 at 06:41
A successful trading mindset, in my opinion, entails controlling emotion, thinking swiftly, and practising discipline.
What is the importance of knowledge?
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Sep 20, 2022 at 06:40
I think you cannot advance as a trader unless you understand how to analyse a market and make right trading decisions. If a trader lack trading knowledge, he/she cannot place the good trades and expect to win. Traders can only understand how to manage the right trades and cover risk with proper forex knowledge.
Forex market offers great opportunity
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Aug 06, 2022 at 08:37
As long as you have the knowledge necessary to make wise choices, forex trading is an engaging and highly lucrative form of trading.
There is no short cut
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Aug 03, 2022 at 11:59
There is no shortcut to Forex. With experience and consistent practice as well as good knowledge. Traders can get a hang of Forex market.
Forex is not like gambling
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Aug 03, 2022 at 11:48
It is a gamble if you choose unreliable brokers.
Psychology
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Aug 02, 2022 at 12:25
The fear of losing money and making mistakes is one of the biggest obstacles for every trader. Regrettably, taking risks that could lead to losses is inevitable when trading. A crucial psychological technique that will aid traders in succeeding is maintaining discipline.
Fundamental works 100%
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Aug 02, 2022 at 12:23
Fundamental Analysis helps to keep an eye on the release of economic data with the goal of trading the news. Since volatility can increase right after significant releases but I prefer to use sound risk management strategies.
long-term trading
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Aug 02, 2022 at 12:22
One advantage of long-term traders is that they experience less market stress than other traders.
What makes one a Professional Trader?
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Jun 18, 2022 at 05:06
A professional forex trader, in my opinion, requires years of experience and is stimulated by well-defined strategies that produce consistent returns.
Ready made strategy doesn't
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Jun 18, 2022 at 05:05
In forex trading, preplanned strategies rarely work. It is an unpredictable market that necessitates quick decision-making based on a thorough understanding of the market's factors.
Most people become unrealistic
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Jun 17, 2022 at 12:03
It is unrealistic to expect instant success in Forex trading. With only a few months of study and practice, you cannot expect to become a highly skilled and successful trader. Before you begin live trading, you must first learn the fundamentals, develop your strategy, test it, and practise it with a demo account.
There is a proverb that practice
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May 07, 2022 at 10:31
“Markets go up the stairs and down the elevator.”"Practice without improvement is meaningless.
Strategy-based trading
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May 04, 2022 at 05:33
The forex market is highly unanticipated thus one should opt for strategy-based trading. For example using price action strategy which is accurate most of the time and also trend based is a good one to consider.
Indicators are useful but
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May 04, 2022 at 05:31
Forex indicators are important trading tools in analysing market data and prices. Though indicators are highly useful but totally depend on the trader and how it utilizes them when trading in the forex market.
Keep your innovation running
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May 04, 2022 at 05:30
Using innovative strategies during trading is valuable if it brings good results. As the forex market is highly volatile, traders have to come up with different tactics in order to earn profits which can be achieved with careful market analysis.
Mind or Machine? What’s Better For Forex Trading?
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May 02, 2022 at 12:10
I would say both are incredibly important in forex. With the right mindset, the right decisions can be taken. With the right technology, we can make the right trading strategies.
Basic mistake we make
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May 02, 2022 at 12:09
The basic blunder most beginners make is to start trading right away with little knowledge about forex. Which is not the right way! Firstly be persistent with a demo account practice and keep learning about the different trading indicators and market news.
Consistency is the brick
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Apr 29, 2022 at 12:34
In any case, I agree, that consistency in profits builds confidence in the trading. With consistency, I have been able to properly analyze the market and charting tools.
What makes one a Professional Trader?
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Apr 29, 2022 at 12:29
I would say the amount of time put in for learning, and acquiring the skills makes you a professional trader. Also, discipline with respectfully accepting the outcomes from trading in forex is an add on to your trading skill.
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