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Staying peofitable consistently
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Jun 06, 2021 at 06:59
Discipline is the first you should practice if you want to be a successful trader. All the successful traders on the planet are disciplined traders. They may have distinctive trading techniques however one thing is normal which is they are restrained. Taking in the market and being control is trading is the way to accomplishment here.
What requires
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Jun 05, 2021 at 12:46
@LyudmilLukanov Yes you are right. Money management and risk management is the very important in forex trading. If any trader do have good risk management policy, sooner or later, he will be kicked out from the market.
Forex Amount
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Jun 05, 2021 at 12:44
Initially it's not a good idea to invest a lot of money. 100$ to 500$ is okay. Once you learn how to make consistent profit, you are good to go with big investment.
Trading is not just about
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Jun 05, 2021 at 12:33
@pirach24 All are good except options. Options trading is nothing but gambling. Choose one that you like the most.
Any good brokers with proper leverage / cent account for EU residents
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Jun 05, 2021 at 12:30
Do some research and pick few regulated brokers. Then compare all the brokers facilities to choose one. Choose one that meets your criteria.
Fundamental analysis
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Jun 05, 2021 at 12:03
Both fundamental and technical analysis are important. But fundamental analysis needs deep knowledge of economy of a country whereas technical analysis is chart based.
Gold broker recommendations
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Jun 05, 2021 at 11:59
Before choosing any broker, always do some research. The broker should be a regulated one. Then check spreads and other trading facilities.
Staying peofitable consistently
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Jun 03, 2021 at 07:13
@Dictiony Yes demo trading is important. But one should treat demo trading like live trading. You have to take it seriously. Before opening a trade Think what if it was real money, would I take this trade?
Greed is poison
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新手交易員
中
Jun 03, 2021 at 07:07
Greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.
Emotional Trading
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Jun 03, 2021 at 06:49
Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.
Money Management Tips
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Jun 03, 2021 at 06:47
@SofieAndreasen Yes dedication for learning is very important. Without dedication proper learning is not possible. With little bit knowledge and skills, it is not possible to make money in the forex market.
Fundamental stuff
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May 31, 2021 at 12:22
Fundamental analysis is important but not 100% required. It needs a lot of study to understand fundamental of a currency. If you are very good at technical analysis, you do not need fundamental much.
deposit bonus
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May 31, 2021 at 12:19
Deposit bonus is useless. It does not have any real value except your account shows more money. Better find a broker that gives good facilities.
Trading with borrowed money
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May 31, 2021 at 12:05
It is not a good idea to borrow money for trading. Trading is the riskiest business in the world. Borrowed money makes it worst. Trading should be done with idle money.
Are there secret forex strategies in the forex market?
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May 31, 2021 at 11:56
The secret is in you. If you can develop skills and knowledge, eventually you will discover the secret. Without developing skills, if you try to find shortcuts, you will not find any.
Losses are a part of trading
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May 30, 2021 at 13:02
Most of the traders become stressed if they loss almost any trade. From that restlessness they take revenge trade. They'd love to regain it instantly. We have to stay calm and wait for chance.
To shine in forex
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May 30, 2021 at 13:00
Knowledge becomes successful only when we can apply it properly. Execution is essential. A lot of individuals can't execute their knowledge due to absence of discipline and plans.
Forex is not a bad business
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一般
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May 30, 2021 at 12:36
Forex trading is not an easy source for earnings. Successful forex trading demands a whole lot of wisdom and experience. Plus it takes years of experiments and research to accomplish this level.
Acquiring knowledge is basic
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May 30, 2021 at 12:35
Learning is an ongoing process. There's always a range to improve knowledge and techniques. With changing market we constantly need to boost our skills. Otherwise we will be kicked out from the market.
Forex is an investment business
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May 29, 2021 at 12:42
Though forex is a business, most people treat it like gambling. How to know you are gambling. If you do not know, when you do not have a solid reason yet you open a trade, you are gambling.
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