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Michihito
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Posts by
Michihito
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1% risk
in
General
Sep 27, 2020 at 06:00
Yes it's difficult to control. That's why discipline is very important. You can read the book named The Discipline Traders by Mark Douglas. This book will help you to be discipline. You can also read The Trading Zone by Mark Douglas.
How to recognize a Forex Scammer ?
in
General
Sep 27, 2020 at 05:46
If anyone promising you unrealistic profit percentage, he is a scammer. If anyone is really able to make 200%/300% in short time he will not need funds from Internet. Even If anyone is able to make 10% per month consistently, he would be millionaire in few years with few thousand bucks.
Greed is dangerous
in
General
Sep 26, 2020 at 11:08
Yes it's true. Greed is the most dangerous emotion. To get out from greed we need discipline. We need to make some rules . For example, a losing trade no more new trade today or daily target fullfiled no more trade for that day.
losses and fear.
in
General
Sep 26, 2020 at 11:05
Fear and greed are the two emotions that cause a lot of trouble to traders. It's one of difficult tasks to control emotions but it's possible. We need extreme discipline to control our emotions.
Why day trading is better than long-term (Opinion )
in
General
Sep 25, 2020 at 08:47
There is no better or worse. It's about what you understand the most and what you are comfortable with. I like day trading it doesn't mean everyone has to like it. If anyone understand long term trading very well he should go with that.
Pros and Challenges of Trading Forex
in
General
Sep 25, 2020 at 08:43
Whatever trading style you follow you have to expert in that. If you do not have enough skills, you will not be able to stay here for long. A newbie should focus on learning and researching. They should remember it takes time to be expert.
Defination of a Good Trader?
in
General
Sep 23, 2020 at 10:41
A good trader is who can make consistent profit over the years. He can do whatever he wish as long as he is making regular profit and not blowing his accounts. He is a good trader according to me.
importance of skills
in
General
Sep 22, 2020 at 12:32
To think like a great trader you have to attain the skills of a great trader. Forex trading is a work of professional. You need specific knowledge and skills. It is not that you come and learn how to buy and sell and start making money.
good opportunity
in
General
Sep 22, 2020 at 12:30
Forex can be potential investment. But it is not an easy investment. Forex trading requires specific knowledge and skills. It is a work of professional. Without being skilled you would lose your money quickly. No matter how big the investment is. Learning requires a lot of time. Most people do not ready to invest their time to learn the art of trading.
Following other's trade ideas
in
General
Sep 20, 2020 at 07:23
You are absolutely right. When I try to focus what others are saying about market. I loss my judgement. If their opinions is against mine, I can not stick to my own decision. As a result many times I lose money. Now I have stopped listening others.
Why demo is easy?
in
General
Sep 20, 2020 at 07:19
Demo trading is devoid of emotions That's why making profit here is easier. It says us te importance of psychology. We need to be emotionless while trading. Open trade only when every aspects of your strategy is matching with the market.
What requires
in
General
Sep 19, 2020 at 13:07
Yes knowledge and skills are very important for trading. Trading is for skilled people. If you are not skilled you will get kicked out. Yeah I am being rude but you need to prepare to face the reality. There is no short cut in trading.
Good broker is needed
in
General
Sep 19, 2020 at 12:57
Yes a good broker is an integral part of trading. We need to choose a regulated and licensed broker. We also need check their services, spreads, leverage and deposit and withdrawal options. Trading execution is also very important.
High leverage , High risk ?
in
General
Sep 18, 2020 at 12:02
Forex trading is the most risky business because of it's high leverage facilities. It becomes more risky when novice traders open big lots. As a result they get margin call every now and then. You need to be smart to make consistent profit.
Successful trading
in
General
Sep 18, 2020 at 11:48
Successful trading is the combination of so many things. You need a good strategy with good risk reward ratio. You also need discipline and ability to control your mind. You also should have a good risk management strategy to be successful.
Newbie problem
in
New Traders
Sep 17, 2020 at 04:23
Most new traders think he is going to be rich within few months. He got the easiest way to make money quickly. The problem is they have been introduced forex like that. Most newbie traders do not know the ugly truth of forex trading. Forex is not an easy job to do. You need specific knowledge and skills. And for that you have to give time and efforts. It doesn't happen overnight. Not even in few months.
Free Knowledge
in
General
Sep 17, 2020 at 04:20
Yes you are right. First a trader should be taught risk management and psychological aspect of mind. They should know how our mind works when we trade on a live trade. They should learn how to control emotions before going into live trading.
having a losses
in
General
Sep 15, 2020 at 05:54
Reacting to a loss by opening a new trade is called revenge trade. Never do that. By doing so your mind get messd up. Most of the time we become unable to understand the market. We should be relaxed and think logically and make logical decision.
Best way to avoid the news.
in
General
Sep 15, 2020 at 05:51
Don't watch market during big economic events like NFP, FOMC and Interest Rate. You have to be iron willed. If you can not control your mind you will not be able to make regular profit. You should have the ability to understand by watching charts when the market is settle after news.
Higher Time Frame.
in
General
Sep 13, 2020 at 13:41
For newbie higher time frame is good. In lower time frame there is too much noise. Market moves back and forth a lot in lower time frame which makes a newbie restless. As a result they do over trading.
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