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PeteLanceley
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Emotion in Forex trading
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Mar 23, 2022 at 10:02
Emotionless trading would be great, I guess that's why a lot of people end up using EA's, but then majority lose money.
Loss
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Mar 23, 2022 at 10:01
Risk management is vital in order to be successful.
Demo Trading Advantages
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Mar 23, 2022 at 09:54
Demo trading is good and all, but there is no fear of losing money compared to live.
How much should you invest in trading
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Mar 23, 2022 at 09:53
It depends really.With the option of prop firms these days, traders don't have to start with low capital (assuming they can pass challenges)
Very tough business.
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Mar 23, 2022 at 09:53
I agree, it is very tough. And there are lots of scams and people posing as great traders, but in reality they aren't.
Can forex trading make you rich ?
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Mar 23, 2022 at 09:52
Yes it can, of course. But a lot of people come into trading thinking that they will become rich fast.
Forex is not like gambling
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Mar 23, 2022 at 09:51
But you can stick to a system the same as you do with gambling and you either win or lose. Same with trading.
Four Tape Reading Tips for Newbies
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Mar 23, 2022 at 09:51
For sure - best to have a strategy before getting involved on the markets.
Greed, the destruction
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Mar 23, 2022 at 09:37
Yep for sure.Holding a trade for too long (and it coming back to a loss or breakeven), or over leveraging. A lot of people fall for it.
Is trading hard?
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Mar 23, 2022 at 09:36
For sure it is.The actual aspect of it seems simple, but the psychology part is the hardest.
There is a proverb that practice
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Mar 23, 2022 at 09:35
To an extent yes, but sometimes no. Forex isn't for everybody. You can put in days, hours, weeks, months or years and still be unsuccessful.
Be productive
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Mar 23, 2022 at 09:35
Exactly, you can study and back test all you want - but ultimately it's the psychology part that messes with your head.
How much money can I expect to make from trading?
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Mar 23, 2022 at 09:34
How much money do you have that you can afford to lose?
The fear of losing opportunity
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Mar 23, 2022 at 09:34
Yep, a lot of people suffer with this - especially when you are on a losing run. Best to be patient and wait for a solid opportunity.
Forex trading offers high leverage
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Mar 23, 2022 at 09:33
I use 1:500 leverage, but don't often use it to it's full potential.
Fear is the greatest reason
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Mar 23, 2022 at 09:32
Exactly, this is why most people fail with trading. Psychology is definitely the hardest part.
What do you learned while trading?
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Mar 23, 2022 at 09:32
Patience is one of the most important aspects. I still sometimes get screwed over by FOMO.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
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Mar 23, 2022 at 09:31
It doesn't really matter in my opinion, but MT4 is widely used (whereas a lot of brokers don't offer MT5 yet)
How to start forex trading? Read These Best Tips!
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Mar 23, 2022 at 09:30
Thanks for sharing these points, they are spot on.
Does forex strategies usually work>
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Mar 23, 2022 at 09:30
You need a strategy in order to be successful and you need to stick to it. But yes, they do work.
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