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Posts by
MichaelEX
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Fundamental and technical
in
General
Feb 02, 2021 at 09:58
Fundamental and technical both are important to win any trade. Fundamental analysis will help you to check the market movement and technical analysis will help you to open and close trade at the right time.Undoubtedly, both are equally important for successful trading.
In trading everyone should have some rules
in
General
Feb 02, 2021 at 09:57
Rules in trading are must for everyone and following those rules is more important than that. I also have my own trading rules, listing here some of them · I risk only what I can afford· I always use stop loss· Keep close eye on headlines· Learning daily about market through various books and articles· I never trade without a plan or strategy.
Over trading is a bad habit
in
General
Feb 02, 2021 at 09:55
Be aware of over trading, the eagerness of trading beyond the limit can cause a huge loss. Sometimes, traders do over trade to cover previous losses, it confuses the trader with frustration and leads to loss of their whole capital.
Number one biggest mistake
in
General
Jan 28, 2021 at 09:48
In my opinion, one of the biggest mistake is trading without stop loss. This helps you to get out of trade if price moves against you and prevents you from losing more than you can handle.
In trading everyone should have some rules
in
General
Jan 28, 2021 at 09:47
Everyone should have some rules and more important is to stick to those rules.My golden investment rule - Never invest money that you can't afford to lose.
Basics knowledge is not enough
in
General
Jan 28, 2021 at 09:47
Yes, Absolutely right! For successful and stable trading only basic knowledge is not enough. Trader must have real trading experience to understand how the market works and how to pull wealth from it.
The fear of losing opportunity
in
General
Jan 28, 2021 at 09:45
There's one golden investment rule that you should always keep in mind: Never invest money that you can't afford to lose. This rule will help you to overcome the fear of losing opportunity and enhance your confidence in trading.
What should be the risk percentage?
in
General
Jan 28, 2021 at 09:44
The risk-reward ratio measures how much your potential profit is, for every dollar you risk.If you have a risk-reward ratio of 1:3, it means you’re risking $1 to make $3.
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