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Newcomers and demo trading
in
General
Mar 30, 2022 at 06:51
Demo trading is a very useful tool for new forex traders. It gives you access to the forex market and trading tools. So you can actually experience real forex trading without risking your money.
Forex trading offers high leverage
in
General
Mar 30, 2022 at 06:16
Leverage is nothing but borrowing a certain amount of the money to increase one’s trading position. In forex trading, money is usually borrowed from a broker. Forex trading offers high leverage thus a trader can build and control a large position with a limited capital. When doing leveraged trading, a trader must use a risk management strategy to minimize losses.
Is trading hard?
in
General
Mar 28, 2022 at 08:13
Trading isn’t hard, but it isn’t easy either. You need to have a strong mindset, strong knowledge of the market, good analytical skills and have to put in your time and efforts.
What do you learned while trading?
in
General
Mar 25, 2022 at 05:34
Trading is a forever learning experience and you never stop learning in trading. Everyday is a new challenge and you have to put in fresh energy. Your experiences definitely give you an edge to tackle the situation smoothly and to make decisions. You learn strategies and methods to solve intricate problems. But choices you make while trading at that moment determines your returns.
When a trader is a newbie
in
General
Mar 25, 2022 at 05:30
When you are just entering into Forex trading, you must take each step cautiously. If you have done your basic research and learning, then you must start with a demo account to get experience of the real forex world. Once you are confident with your skills you can move to live trading.
What Geopolitical Risk Really Means to Your Trading
in
General
Mar 25, 2022 at 05:26
Forex market is highly sensitive to geopolitical risk since it is a very inter-connected market. It is highly dependent on what goes on in different countries because the geopolitical changes in a country will have a direct impact on its currency. For example any turmoil in a country may lead to a fall in the value of its currency. So geopolitical factors must be kept in mind in forex trading.
How much should you invest in trading
in
Experienced Traders
Mar 24, 2022 at 05:32
Forex trading can be highly profitable but it is also very risky. If you like to participate in the Forex market you need to invest money, but only a limited amount, the amount that you can afford to lose. So the first step of the trading process is to create a financial plan and calculate your allowable risk and then invest the amount that you decided upon.
Basic mistake we make
in
General
Mar 23, 2022 at 07:41
Ignoring forex education is the basic mistake traders commit. Forex market is full of risks. And without complete education, you can’t make money in forex.
Does forex strategies usually work>
in
General
Mar 23, 2022 at 07:38
Forex strategies may or may not work. They don’t work because they don’t fit in because of the current market situations. I think traders need to be flexible and have multiple strategies. So they can trade with the current market scenario.
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