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Alexsajed
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What do you wish to achieve through forex?
in
New Traders
May 13, 2019 at 06:09
This is a lesson I wish I had learned earlier. Excessive leverage can ruin an otherwise profitable strategy.Let's say I had a coin that when heads was hit, you would earn $2, but when tails was hit, you would lose $1. Would you flip that coin? My guess is absolutely you would flip that coin. You'd want to flip it over and over. When you have a 50/50 chance between making $2 or losing $1, it's a no-brainer opportunity that you'd accept.Now let's say I have the same coin, but this time if heads is hit, you would triple your net worth; but when tails was hit, you would lose ev...
Forex Tips
in
New Traders
May 13, 2019 at 06:08
1. Know yourself. Define your risk tolerance carefully. Understand your needs.To profit in trading, you must recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to forex and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging forex trading.2. Plan your goals. Stick to your plan.Once you know what you want from trading, you must systematically define a time frame and a working pla...
Honey Money
in
Trading Systems
May 13, 2019 at 06:08
Now, instead of setting a stop loss and having the trade hit that SL, I open a short position when it reaches the price point where I would have set an SL.
KISS OF PROFITS (followers account)
in
Trading Systems
May 13, 2019 at 06:08
A lot of people will fire off fake followers onto their accounts thinking that if ... actually click on the ads, generating advertising revenue for them.
Choosing the Right Broker
in
General
May 13, 2019 at 06:07
Commissions, account minimums and fees are just some of the factors you should consider when choosing an online broker.To evaluate brokers, you should look at the following factors:1. Commissions.2. Account minimum.3. Account fees.4. Your trading style and tech needs.5. Promotions.
Learning and earning
in
General
May 13, 2019 at 06:07
Forex is a decentralized market, in which dealers distribute their own price feeds through proprietary trading platforms. As such, it's important to learn the features of each type of trading software before using real funds in an account. Open a demo account and paper trade until you can make a consistent profit.
Beginner's Tips
in
New Traders
May 13, 2019 at 06:06
Stock Trading for Beginners: 5 Things Every Beginner Should Know Before Hitting the Buy Button1. Find the right broker at the right price.2. Consider starting with exchange-traded funds.3. Start with safer stocks.4. Don't pay too much in fees.5. Don't fall for hot stocks, even if the company is promising.
Forex is profitable ?
in
General
May 13, 2019 at 06:05
Generally, profits and losses are almost unlimited in the Forex market. Mostly, it depends on your risk appetite, your trading strategy, and your level of understanding. Start trading for skill instead of a profit, and in time, the profits should come with the skill.
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