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Fx_keeth
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Fx_keeth
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Why You Should Be A Day Trader
in
General
Aug 30, 2022 at 11:32
Personally, I prefer day trading because it gives me accessibility, the potential for a quick return, and keeps me informed about the market. However, some people prefer not to trade all day, while some enjoy making decisions all day and find it exciting.
How much should you invest in trading
in
General
Aug 30, 2022 at 11:10
It depends on the trader and how much capital they are willing to risk. However, it is always recommended to trade small amounts at first.
Tips To Make Profits Daily
in
General
Aug 30, 2022 at 11:09
To make profit on a daily basis, you must analyze the market daily and learn fundamental and technical analysis.
Consistency is the brick
in
General
Aug 26, 2022 at 11:47
Consistency breeds habit, and having good habits ultimately defines who we are as people. Sticking to an effective trading strategy consistently will help you master it and determine whether or not it is working for you.
Keep your innovation running
in
General
Aug 26, 2022 at 11:46
Innovation is important in trading because it increases productivity, growth, and increasing new strategic ideas.
Demo can not make you well experienced
in
General
Aug 25, 2022 at 12:12
Although a demo account cannot provide you with well-trading experience, especially when it comes to monetary values, but it does allow you to put your training into practice in an environment that is similar to real life without putting your real money at risk.
Demo Trading Advantages
in
General
Aug 25, 2022 at 12:12
Demo account allows them to put their training to use in a realistic setting without risking their real money. This allows them to make common beginner's mistakes while learning without having to pay the consequences out of pocket.
Successful Traders Mindsets
in
General
Aug 25, 2022 at 12:11
The ability to accept risk and the possibility that you will be wrong more often than right when initiating trades to properly implement their trading strategy, traders must adhere to strict discipline. That is one of the ways to have a successful trading mindset. Those who trade with discipline are more likely to succeed in the long run. Successful traders don’t allow themselves to distract from their goals.
Leverage is useful or not ?
in
General
Aug 24, 2022 at 12:05
Leverage in trading is a mechanism that allows traders to increase their market exposure by paying less than the full amount of the investment. A trader can trade larger positions in a currency by borrowing money from a broker. As a result, leverage magnifies the returns from favorable changes in the exchange rate of a currency.
Essentials of success
in
New Traders
Aug 24, 2022 at 11:36
A good trader is someone who is willing to learn from mistakes continuously. The essentials of successful trading are that one should always use a trading plan, treat trading like a business, use technology to your advantage and always use a stop loss.
Why are some traders successful?
in
General
Aug 23, 2022 at 12:08
Most traders always use a trading plan, and risk only what they can afford to lose, and know when to stop trading. But apart from that trading knowledge and daily Forex market analysis also plays an important role.
Luck is important
in
General
Aug 23, 2022 at 12:07
Ultimately, traders are attempting to forecast the future, and in my opinion, when it comes to trading, skills and experience are more important than luck. Luck rarely happens, so it is important for you to back up on your trading with skill and knowledge which can last forever.
Money Management Tips
in
General
Aug 23, 2022 at 12:06
Money management will provide growth to your account when correctly trading a strategy with a positive expectancy. Some of the tips that I think can be useful for you:1. Decide how much you want to risk per trade, and never over trade beyond your limits. 2. Always use Stop Loss orders to reduce their risk and avoid a potentially disastrous loss.
What makes one a Professional Trader?
in
General
Aug 22, 2022 at 11:41
In my opinion a professional Forex trader knows how to manage risk wisely, they always have a trade plan and follow it, they are aware of their strengths and weaknesses, their discipline teaches them to stay calm in every situation.
Basic mistake we make
in
General
Aug 22, 2022 at 11:37
In my perspective the common mistakes new traders make is that they trade without a proper trading plan. Sometimes they consider trade as a guessing game to make quick profit as fast as they can. But trade is not a guessing game, it is more complex in nature.
Is trading hard?
in
General
Aug 20, 2022 at 05:28
Trading can be hard sometimes because you have to handle the potential of the losses, which can affect both your mental and physical side. The best practice is to acknowledge the loss and learn from your mistake and act on how to improve that mistake. When you do that, you'll see that it gets a lot simpler to deal with the situation.
Psychology
in
General
Aug 20, 2022 at 04:56
Traders that have better control over their feelings and emotions tend to make more logical decisions as compared to those who follow their feelings. A proper strategy and analyses of the market before implementing anything help the traders to control their emotions.
Emotion in Forex trading
in
General
Aug 20, 2022 at 04:55
Some of the most common emotions traders experience include fear, nervousness, conviction, excitement, greed and overconfidence. A common cause of fear is trading too big. Trading with improper size magnifies volatility unnecessarily and causes you to make mistakes you normally wouldn’t make if you weren’t under the stress of risking larger losses than normal.
Is Forex risky?
in
General
Aug 20, 2022 at 04:53
Always keep in mind that Forex trading involves risk of loss. Like, lack of proper knowledge, ignorance of risk management, position sizing and trading without strategy can be dangerous. So, it is important to have a proper trading strategy.
What is the trading psychology for you?
in
General
Aug 19, 2022 at 04:47
Trading psychology refers to the emotions and state of mind, which helps determine success or failure in trading. Fear and greed are two powerful enemies that can dominate the trader thought process throughout their trading career. The main goal is to tackle these emotions and develop a strong mindset.
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