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FX Trading Tips
Feb 03, 2021 at 08:10
the leverage always works as a killer. Because the traders we have always fall a great loss by using leverage especially when high ration. But sometimes it brings profit very rapidly when there is real trading plan with great risk management approach. Actually forex market is too much risky and volatile. Risk is everywhere and from all trading elements leverage always contains more risk. so before trading with leverage we have to make sure how to manage risk in Fx.
Feb 05, 2021 at 11:59
Imamul posted:
beginners have to choose the right broker which does not restrict at any kind of trading techniques with scalping and scalping.
Yes, that's a major part to check. Also, checking on the broker's regulation is a must, what do you think?
Member Since Nov 17, 2020
17 posts
Feb 16, 2021 at 10:43
Imamul posted:
beginners have to choose the right broker which does not restrict at any kind of trading techniques with scalping and scalping.
You’re right and I guess the brokers that support scalping offer ECN accounts. The scalpers this way can be able to view the statistics on positive and negative slippage on their platform’s statistics page.
Feb 22, 2021 at 06:25
Shelby10 posted:
If you are new in this market, You need to have proper knowledge and experience about the market. Without any knowledge, you can not survive in this risky market.
That's the most important part though. One stands nowhere if he's unclear about what the market is about.
Member Since Aug 27, 2017
875 posts
Apr 17, 2021 at 09:37
micro account is good but sometimes any kind of live account can make beginners emotional and greedy.
keeping patience.......
Member Since Jul 23, 2020
696 posts
May 10, 2021 at 00:38
Adribaasmet posted:
micro account is good but sometimes any kind of live account can make beginners emotional and greedy.
I also agree. After demo practice trades should use this type of account with low capital.
Member Since Aug 27, 2017
875 posts
May 10, 2021 at 16:15
emotions only things that can make you loser in real life even trading life. generally we traders choose with our broker emotionally . and trade emotionally most of the time.
keeping patience.......
Member Since May 27, 2021
8 posts
Jul 05, 2021 at 11:13
Risk management is really helpful if you pay close attention to it in the beginning. Pairing it with money management is a very good strategy for every trader.
Member Since Jul 23, 2020
816 posts
Aug 07, 2021 at 15:13
A new trader should not rush to real trading. Instead spend more time in the demo.
Member Since Aug 05, 2021
394 posts
Aug 18, 2021 at 15:38
Good tips! I think you mentioned some of the most important factors for each category.
Sep 01, 2021 at 19:42
Great tips. They will be helful to every newbie to avoid losing lots of money and blowing their budgets. Especially, trading journals are of great importance. I believe that it is the only way to track dow your mistakes and correct them in order to make your decision-making process more accurate and precise.
