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DjmixmaxLateen
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Posts by
DjmixmaxLateen
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How much do you earn on forex investments? (Investors only)
in
New Traders
Oct 21, 2022 at 07:07
Income in forex trading is determined by a trader’s abilities, experience, psychology, the manner in which a trader analyses the market, as well as their knowledge. Trading in the Forex market can provide a profitable income, but you must be aware that you must educate yourself thoroughly before beginning to trade. Trading is more than just making or losing money; you must be committed to your studies.
Forex market offers great opportunity
in
General
Oct 19, 2022 at 07:14
The forex market gives traders good opportunities for earning profits. It is the skill, knowledge, and expertise of a trader that makes them take advantage of those opportunities.
Consistency is the brick
in
General
Oct 18, 2022 at 10:10
Trading consistently makes a trader profitable. Trading is a game where ups and downs are perpetual, but if you’ll stay consistent, then you can expect good results in the long run.
Why are some traders successful?
in
General
Sep 06, 2022 at 06:26
Some traders are successful because they have worked very hard. They devoted time to understanding the market structure, conducting careful analysis, and following a plan with discipline. They are skilled and have a strong hold in their emotions. To become a successful forex trader, you have to think and act like them. Stay disciplined, focused, and consistent. Treat forex like a business and trade with all your might.
Is a demo account really neccassary?
in
New Traders
Sep 06, 2022 at 06:26
They are, of course. They allow you to practise trading without risking real money by using virtual money. Demo trading can be very useful for evaluating the performance of a trade strategy and for trader education. If you jump into the live market without practising then you’ll end up losing all your funds.
Looking for Broker
in
New Traders
Sep 01, 2022 at 07:00
You can also try using Coinexx and SuperForex. Trading conditions are good and withdrawals are processed quickly as well.
Successful Traders Mindsets
in
General
Aug 29, 2022 at 10:10
Learning from failures is crucial. Journaling is essential in trading, which most traders, due to the lack of knowledge, don’t do, and they lose pretty easily.
Is trading hard?
in
General
Aug 29, 2022 at 10:09
When a trader trades with patience and knows their goals and path to follow, their journey will become easy. Otherwise, trading will remain hard. Longing for quick money can never make money; only hard work can.
Luck is important
in
General
Aug 26, 2022 at 11:26
Basing decisions on luck is not the best way to approach the market sentiment. Hence, you need to be practical and logical so applying your knowledge and skill is the only way to earn profit returns.
Basic mistake we make
in
General
Aug 26, 2022 at 11:24
Newbies generally focus on making large amounts of money as they begin and settling unrealistic expectations can lead to downfall. Patience has to be practised along with understanding that for things to come into fruition, subtle moves need to be made. Fear can cause a menace and so can impulsiveness. Traders need to have an adaptive attitude and be prepared for any situation.
Essentials of success
in
New Traders
Aug 26, 2022 at 11:22
Trading foreign exchange (Forex) needs extensive market knowledge, trading skills, an understanding of the market, and confidence in what one is doing. It is in your best interest to continuously improve yourself while staying current with the most recent trends.
Greed is poison
in
New Traders
Aug 25, 2022 at 09:41
When you let greed control your foreign exchange trading emotions, you end up losing all discipline and making poor decisions. It feels good to win! However, the high from a string of successes in forex trading can fuel an insatiable appetite for wealth, leading to reckless overspending. In reality, being careless is one of the side effects of being overly greedy, which gives you a false sense of control and it is harmful.
90% are loser ..why ?
in
New Traders
Aug 24, 2022 at 09:57
Most forex traders lack the discipline and patience to follow a disciplined trading strategy. They are often tempted to enter the market on a whim and without any clear plan, which usually leads to losses.
Forex and its earning
in
New Traders
Aug 24, 2022 at 09:57
There's no doubt that forex trading can be an attractive way to earn money. After all, what could be easier than simply buying and selling currencies? However, the reality is that forex trading is not as easy as it sounds. There's a lot of risk involved, and unless you know what you're doing, you could end up losing a lot of money.
Time and pracrtice.
in
New Traders
Aug 24, 2022 at 09:57
Yeah I totally agree. If you practise for hours and learn nothing, it’s a waste. Dedicate less time but make sure that you learn well. Forex doesn’t require 15–16 hours of learning and practising. 2-3 hours a day is enough if you are focused well.
The dark side of forex markets
in
New Traders
Aug 23, 2022 at 07:50
Well written with deep knowledge. Thank you for the post. I agree with you totally. No matter how experienced you are, if you aren’t disciplined you will lose your money. 90% of people enter and exit the forex market as they cannot stand the losses. You will not make millions overnight, it takes years to make money. Manage risks properly and stay disciplined if you want to be successful in this highly volatile market.
Is forex is best source of income?
in
New Traders
Aug 22, 2022 at 11:22
I don’t think it is since not every trader is able to make money. Some traders don’t even make a single profit because of the constantly changing market conditions. It takes time for a trader to make money that not all traders are comfortable with.
Newbie wannabe Trader
in
New Traders
Aug 22, 2022 at 11:22
As a beginner, I am sure that you would be really excited about trading and making money. But let me tell you that it is not going to be that easy without proper education. Find the direction of the market and build your strategy in accordance with that. Stick to your plan and take lessons from your losses.
Different approaches of trading
in
General
Aug 19, 2022 at 11:07
There are two ways of trading in forex: long term and short term. Long term trading involves holding a position for a prolonged period of time, often for several months or even years. Short term trading, on the other hand, involves taking a position for a shorter period of time, often just a few days or weeks.
What is the trading psychology for you?
in
General
Aug 19, 2022 at 11:07
The trading psychology in fx for me is that I stay calm so that I trade logically not emotionally. I have found that if I am calm, I am able to make better decisions when it comes to trading. I am also less likely to make impulsive decisions that can often lead to losses.
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