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Number one biggest mistake
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Nov 04, 2021 at 14:59
@marindateal Yes most people treat it like it's a quick money scheme. But it's not what they think. You can make more than any other business but that doesn't mean it has to be within 1 month.
Forex trader will be predator into other market(stock、crypto).
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Nov 04, 2021 at 14:45
Every market has its own characteristics. One market knowledge can help in other market but it's not the everything. You need to enough knowledge about that particular market.
Most traders don't get success
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Nov 04, 2021 at 08:16
I think they spend too much time on searching a good strategy and jump from one to another. What they lack in is trading psychology. With an average strategy we can make money if our mindset is solid.
Classic books about forex
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Nov 04, 2021 at 08:08
@sebking1986 Yes I agree with you, these two are gem on trading psychology. Unfortunately most people do not bother about trading psychology and don't study about it.
METHOD OR DISCIPLINE?
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Nov 04, 2021 at 07:27
Without discipline it's not possible to get success in forex trading. Only trading method or strategy is not enough for successful trading.
Purpose of demo trading
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Nov 04, 2021 at 07:25
@Dwane47 Yes I absolutely agree with you that demo is for developing different skills and strategy not for random trading. But most people just do random trading.
Becoming a Forex Expert requires
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Nov 04, 2021 at 07:23
Patience, discipline and skills are needed for success in forex trading. Most people only focus on strategy. That's why they are not successful.
Strategy and Forex
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Nov 04, 2021 at 06:55
Yes strategy is very important for trading. But along with trading strategy, one also need to understand market psychology. It's a huge factor when it comes to trading.
Forex market is an unpredictable
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Nov 04, 2021 at 06:54
@skihav Yes Forex market is indeed unpredictable and complex. That's why risk management and trading psychology is very important for success along with trading skills.
Every newbie should practice
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Nov 04, 2021 at 06:52
@Williamfreed Yes a demo account is a good way to start. But along getting familiar with online trading, one should focus on learning skills as well.
Most traders don't get success
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Nov 02, 2021 at 15:17
@Akasuki Yes unrealistic expectations is the root cause of losing money in forex trading. In no other business people expect this much profit. But when it comes to trading, they become a different person.
Newbie wannabe Trader
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Nov 02, 2021 at 14:55
Not all paid courses are worthy. Those who promises too much, stay away from them. The promise should be logical. It should not be unrealistic.
Which indicator you use most for your trading?
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Nov 02, 2021 at 14:50
I do not use any indicators except moving average. My trading is mostly based on price action and chart pattern. One needs to do enough experiments to find out what indicators are for him.
Purpose of demo trading
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Oct 28, 2021 at 09:29
@Willowerno Without Demo trading if anyone wants to Forex trading, he has to lose a lot of money just to get basic ideas of how trading works.
We should not think
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Oct 28, 2021 at 09:27
@Tam_fx Actually not some, most of traders think so that's why they do not follow proper risk management policy. It's true you can make good money in quick time but not that quick people think. It takes years to be skilled.
Manual or EA? I have done well with EA but most are scared, why?
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Oct 28, 2021 at 09:21
I like manual trading. I don't like to use EA to trade. It's like I am trusting someone else strategy without knowing anything about it. I don't know based on which strategy is made.
Can you leave Forex Trading?
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Oct 28, 2021 at 09:18
That's why trading psychology is very important. We need to know how to control our mind. As market is always moving, it makes people greedy.
Making 15 to 20% profit every month !!!
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Oct 05, 2021 at 16:12
It's a huge return when it comes to forex trading. Just do the compounding and see how big it is. Big companies happy with yearly 10 to 15% profit.
New trader having some pips
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Oct 05, 2021 at 16:10
Every new trader should follow proper money And risk management policy. If anyone doesn't know about it, they can Google it and learn it properly.
Post Why should you as a trader pay attention to interest rates?
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Oct 05, 2021 at 16:01
Interest rate plays a big role Forex market. It can even change the trend of a currency. The impact of interest rate is on whole economy of a country. That's why.
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