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Looking for reliable ECN brokers...
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May 29, 2021 at 12:39
For a reliable broker, do some research on Google. First criteria is regulation of the broker. Don't go for unrelated broker. Then check the other facilities that you need for your trading.
No alternative to learning
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一般
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May 29, 2021 at 12:25
Skills and experience is the key to success in the forex market. If anyone think forex trading does not need much knowledge and skills, he is wrong. By knowing little you can trade but can't make consistent profit.
Market fluctuations are an artificial phenomenon.
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May 29, 2021 at 12:22
No market price fluctuation is not artificial. Forex market is a huge market in terms of capitalization. You can not manipulate such big market. It is the supply and demand.
There is a proverb that practice
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May 28, 2021 at 12:01
There is no alternative to practice. But to do practice, one needs some systematic approach. Just random demo trading does not help. Treat demo like live trading.
Choosing a pair
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May 28, 2021 at 11:49
Personally I prefer GBPUSD. To choose or find your favourite pair, you have to select 2/3 pairs and observe them a lot. By scanning their charts regularly, you will be able to find some patterns that will give you extra benefits.
Is Cysec regulation/authority reliable in terms of financial distress?
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May 28, 2021 at 11:01
Yes, Cysec regulation is one of the best regulatory bodies. You can trust them. But choosing a broker, make sure the broker is really Cysec regulated. Check their website to get confirmation.
In trading consistency is important
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一般
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May 28, 2021 at 10:58
Consistent profit is the key to success. Until you are not making consistent profit, you are a beginner. No matter how long you are in the forex market. For consistent profit, you need deep understanding of the market.
Forex Community
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May 22, 2021 at 13:55
Right now you are in a forex community. Myfxbook is one of the biggest forex community. Can you specify more what you are looking for?
Leverage
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May 22, 2021 at 13:51
Leverage is very important in forex trading. It allows us to trade with a small capital. Even with 1$, one can open trade in some brokers with high leverage. Though it is beneficial but one should be careful to use high leverage.
Emotional Trading
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May 11, 2021 at 05:10
We should try to restrain our emotions and avoid our emotions from impacting our conclusions. This isn't straightforward and might take long time and expertise to create our trading emotion free. Emotional management is more essential when a person loses money in Forex trading because this is the time when many men and women behave irrationally and take hasty conclusions with a view to recoup their losses.
Is demo trading enough before real account?
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新手交易員
中
May 11, 2021 at 05:08
Demo isn't only for random trading. Demo is to practice what you've learned. Find out candlestick first. Then practice what you've learned.
Two important book about trading psychology
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May 10, 2021 at 11:41
Yes these two books are the best about trading psychology. Every trader should read them. It will certainly help you to develop your trading ability.
Your Gain
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May 10, 2021 at 11:39
Success begins when you begin to earn money on constant basis. Some arbitrary winning trades isn't success. It requires time and effort to achieve success.
It is a very wrong idea
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一般
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May 10, 2021 at 08:03
Without sufficient abilities and expertise, it is normal to get rid of money and become scared. Whether old or new, we're bound to loss money if we do not know the market and follow subject.
In trading everyone should have some rules
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May 10, 2021 at 08:02
Most amateur traders take revenge trading to recover the loss. But the majority of time revenge brings misfortune for them. Trade should be opened only if it supports your strategy.
Risk/Reward Ration-Why you should master the Act.
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May 09, 2021 at 13:10
Yes finding the risk reward and winning percentage of your strategy is important. It gives you more confidence as you know more about your strategy.
Becoming a Forex Expert requires
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May 09, 2021 at 13:08
To shine in forex you require a professional attitude and aptitudes. Without capacities consistent profit isn't possible. Most traders neglect this essential thing. They keep running for strategy without making themselves capable.
To be a gainer
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May 09, 2021 at 11:00
Most traders don't get success since lots of them are not skilled enough. And many are servant to their feelings. They take decision with their feelings.
Being successful means
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May 09, 2021 at 10:59
Forex trading demands extensive skills and expertise to earn money. Risk comes from not understanding what you're doing. Think about making money once you are skilled enough.
Some of the traders who fail
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May 09, 2021 at 10:46
Overtrading is one reason people lose money in the foreign exchange market. It occurs because of lack of discipline and appropriate strategies. You have to have great plans and execution of those programs. Otherwise you will keep losing money.
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