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Posts by
Kenny45
Tips To Make Profits Daily
in
General
Sep 23, 2022 at 12:13
All you need is a trading plan. Study the market daily, keep yourself updated with the latest news, and practice daily. To be a good trader consistency is a must.
Demo can not make you well experienced
in
General
Sep 23, 2022 at 12:03
A demo account cannot make you an experienced trader. But it can help to gain experience in trading. Experience comes with knowledge, daily market study, and with practice.
Have a plan and stick to it
in
New Traders
Sep 23, 2022 at 11:58
Well said! A trader needs to be flexible to change their plan as per the market conditions. So I always keep a backup plan as well.
scalping easy ?
in
New Traders
Sep 23, 2022 at 11:55
For experienced traders, it is easy to the scalp. But in general, for new traders, it is not an easy task. You need to analyze and study the market daily to trade.
Time and pracrtice.
in
New Traders
Sep 23, 2022 at 11:54
From my personal experience, you need to spend more and more time practicing learning how the market works. Time and practice go hand in hand.
How does experience come?
in
Experienced Traders
Sep 22, 2022 at 12:14
Experience comes with time and practice. To become a good experienced trader, knowledge is a must. Study the market thoroughly and then trade.
How often does the market change?
in
New Traders
Sep 22, 2022 at 12:13
True! Market conditions change every minute but no one can predicts the market 100% accurately.
Is investing in the forex market risky?
in
General
Sep 22, 2022 at 12:12
Indeed! Investing in trading is risky because neither you cannot predict the market nor you can predict the profit and loss. So, it is always advisable before trading on a live account, you need practice on a demo account and use some risk management strategies.
When a trader is a newbie
in
General
Sep 22, 2022 at 12:12
When you are new to trading always prefer to trade on a demo account first and use stop loss after then switch to a live account after practice and try spending more and more time on daily market study.
MT4 or MT5
in
General
Sep 22, 2022 at 12:11
I personally prefer trading on an MT4 as you can use different types of indicators as per your preference.
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