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How to trade effectively in forex?
Anggota Sejak Jul 20, 2020
232 pos
Anggota Sejak Jul 20, 2020
298 pos
Anggota Sejak Sep 18, 2020
31 pos
Anggota Sejak Sep 30, 2020
28 pos
Anggota Sejak Jul 20, 2020
341 pos
Anggota Sejak Sep 27, 2018
5 pos
Nov 12, 2020 at 09:01
Anggota Sejak Sep 27, 2018
5 pos
Start by subscribing to the youtube channel,
The information provided here is very detailed.
https://www.youtube.com/channel/UCiTFIPLu6dg1JiCBzTk1U_A/playlists?view_as=subscriber
There is no indicator, or robot that will make you consistently or sustainably profit over many years. The only way to be a true investor in Forex is to teach yourself with the right material. All those marketing, their 10 houses, Ferraris, Lambo's, Holiday in paradise. Are selling you something unrealistic as a new trader.
You can also join our Telegram group for more advice:
https://t.me/chat_4xsolutions
The information provided here is very detailed.
https://www.youtube.com/channel/UCiTFIPLu6dg1JiCBzTk1U_A/playlists?view_as=subscriber
There is no indicator, or robot that will make you consistently or sustainably profit over many years. The only way to be a true investor in Forex is to teach yourself with the right material. All those marketing, their 10 houses, Ferraris, Lambo's, Holiday in paradise. Are selling you something unrealistic as a new trader.
You can also join our Telegram group for more advice:
https://t.me/chat_4xsolutions
Be your own best investment.
Anggota Sejak Oct 13, 2020
34 pos
Nov 12, 2020 at 10:13
Anggota Sejak Oct 13, 2020
34 pos
Backtesting is crucial. Whenever you create a new strategy or using an automated one, test it once on the currency pair you want to trade. I have been doing it for USDCAD with Axitrader. I suggest to use less volatile pairs at first and then step to exotic pairs. I didn’t trade with AUDUSD as I wasn’t much convinced with the historical data I downloaded. You can do it on either of the platforms - mt4 or mt5.
Anggota Sejak Aug 17, 2020
123 pos
Nov 12, 2020 at 15:55
Anggota Sejak Aug 17, 2020
123 pos
I also think that no newbie should quit their job and try trading full-time rightaway. There is a lot to learn and practice before you can get consistently profitable, and it also takes capital to be able to start to make a living. As a long-term plan, though, trading instead of working a job you don't love sounds great, good luck with it!
Anggota Sejak Jul 19, 2020
318 pos
Anggota Sejak May 24, 2019
10 pos
Dec 03, 2020 at 11:11
Anggota Sejak Mar 23, 2020
63 pos
Gareylinn509 posted:Agreed. That line between confidence and over confidence just makes all the difference.
When you are knowledgeable, you are already prepared for the typical situations. And when you are overconfident, you miss even the most obvious steps.
Anggota Sejak Jul 19, 2020
318 pos
Anggota Sejak Jul 20, 2020
298 pos
Anggota Sejak Feb 07, 2020
2 pos
Dec 08, 2020 at 09:55
Anggota Sejak Feb 07, 2020
2 pos
I, too, are on a similar path like all newcomers to trading. But I've already spent a lot of time to figure out what's what. Everything is both simple and complex at the same time. I realized that I need to study a lot and if I want to earn decent money, I need to become an experienced trader.
Dec 10, 2020 at 06:11
Anggota Sejak Apr 18, 2020
54 pos
LeviSievwright5 posted:Agreed, both emotions and greed can pull back a trader equally. Working on these is too important in forex.
Yes, you are right, emotion and greed are the same. It is not possible to make a profit in trading if there is emotion. Similarly, greed completes similar activities.
Anggota Sejak Nov 16, 2020
29 pos
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