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Dreamery
Successful Traders Mindsets
in
General
Oct 21, 2022 at 07:22
Successful traders are not concerned about what other traders are doing. All they care about is what they want to do, where they want to reach, and what they are doing for their goals.
Basic mistake we make
in
General
Aug 30, 2022 at 09:39
Having a misconception that forex trading is an easy way of making money is what we all start forex trading with. But since it is not always what we expect the market to get us, we end up realising the reality after making a few losses.
Luck is important
in
General
Aug 29, 2022 at 09:54
I can’t deny that luck has no role to play in your trading career. It may work sometimes but most of the time, it’s your hard work that will give you results. So, work on improving yourself and don’t do anything that you don’t understand.
What makes one a Professional Trader?
in
General
Aug 26, 2022 at 11:57
It’s the zeal to stay consistent in the forex market and keep trading regardless of the results obtained. You must change your trading strategy if you cannot keep up with the market moves to make consistent income in every case you can.
Money Management Tips
in
General
Aug 26, 2022 at 11:56
You must never trade if you have not done your planning. The market may seem easy to understand until you lose your money. So, put a stop to your greed and be cautious about your moves.
There is no short cut
in
General
Aug 25, 2022 at 10:09
Becoming rich is not everyone’s cup of tea and I hope everyone knows that. You must not forget this when you start your forex trading career. Know that you will have to work hard to achieve your financial goals.
Is Forex risky?
in
General
Aug 25, 2022 at 10:08
Every business has certain risks but there are ways to overcome that. The high volatility of the forex market makes forex so risky. To reduce the risks associated with forex trading, traders should practise sound trading techniques and implement a strict risk management strategy. Also, you should be disciplined.
Is trading hard?
in
General
Aug 25, 2022 at 10:08
Yes it is. The art of forex trading can be challenging. To be successful, you must possess a wealth of knowledge, from an understanding of the various currency pairs to a command of technical analysis. Although it can be a fantastic way to earn some extra cash, forex trading is not without risk. The random nature of the forex market is another factor that makes it difficult to trade. You cannot predict the future with absolute certainty and this is why it's crucial to have a sound plan in place and the flexibility to adjust when circumstances change.
Forex market offers great opportunity
in
General
Aug 24, 2022 at 10:22
The foreign exchange market presents a substantial earning potential. However, in order to reach this level, a significant amount of labour, self-control, and perseverance are required. It is in your best interest to concentrate on improving your knowledge and abilities.
Demo Trading Advantages
in
General
Aug 24, 2022 at 10:21
Demo trading's primary benefit is that it enables inexperienced investors to gain knowledge and expertise without putting their own money at risk. so that they can easily learn new things and gain experience without having to worry about the consequences. This is by far the most significant upside of demo trading.
Forex is not like gambling
in
General
Aug 23, 2022 at 08:09
Gambling is when you take financial risks and hope that your luck works for you. But when you are talking about trading forex, you are talking about a skill that you need to learn and practice before you are ready to take any kind of financial risk.
Can you borrow money from the bank to trade forex?
in
General
Aug 22, 2022 at 11:49
I trade with only that money that I don’t mind losing. If I borrow money to trade and lose it, I will be under constant stress of returning it and I won’t even be trading for myself anymore. So, it’s best not to trade if you are in a condition when you will need to borrow.
Essentials of success
in
New Traders
Aug 19, 2022 at 04:16
Foreign exchange (Forex) trading requires expertise, trading abilities, and a grasp of the market. It is in your best interest to continue educating yourself, as this is the one and only approach to guarantee financial success in forex trading.
Is forex is best source of income?
in
New Traders
Aug 19, 2022 at 04:11
Forex trading is a great way to gain money, for sure. However, there are a number of variables that determine how much money you can make. Therefore, before you jump into forex trading, it is recommended that you acquire and hone your market knowledge and expertise.
What is the trading psychology for you?
in
General
Aug 18, 2022 at 11:24
Trading psychology is all about what you feel about forex trading that has an impact on how you actually trade. When you have the right mindset, you tend to perform better in the forex market.
Different approaches of trading
in
General
Aug 18, 2022 at 11:24
There is no single way to succeed in the forex market. You are free to pave your own way in accordance with what you are comfortable with and what you wish to achieve. Customise your ways as per that and you will be great.
What is the importance of knowledge?
in
General
Aug 18, 2022 at 11:23
Knowledge is everything in trading. Without knowledge, there is only failure in forex trading. We cannot depend on others or copy them to trade. We have to focus on our own game and trade, for which knowledge is absolutely essential. Moreover, it doesn’t make sense to trade without knowledge when there is so much information available on the market these days.
Mind or Machine? What’s Better For Forex Trading?
in
General
Aug 18, 2022 at 11:23
The intellect has its own wonders. But it has certain limitations too. Machines, on the other hand, are powerful and innovative. But they have limitations too. So, combining both is the key.It also depends on one’s time, goals, and dedication to the choice of their usage.
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