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Michihito
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Michihito
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No system works all the time
in
General
Jan 27, 2021 at 12:25
I think we should not follow a strategy blindly. A strategy working for one may not working for others due to different trading personality. Everyone has different psychology. In my opinion best option is customize a strategy according to your trading personality.
New Trader
in
General
Jan 27, 2021 at 12:24
If you are successful in demo by following a very specific methodology for a long period of time, you have higher possibility of doing good in live as well. But if you are random in demo, your chances are zero in live. When it comes to real money we start thinking a bit differently.
Types of analysis
in
General
Jan 24, 2021 at 12:58
A system becomes simple when we understand it completely. There is a very deep link between a system and our mind. Something you just know you can't express it in words. When your instinct and system merge it becomes simple one.
How much money can I expect to make from trading?
in
General
Jan 24, 2021 at 12:56
Profit does not come from expectation. It is all about your knowledge, skills and capabilities. Everyone is different in terms of skills. Focus on developing skills and do not compare with others.
There is no easy way of learning
in
General
Jan 22, 2021 at 12:35
There is no easy way of learning. Learning is not like a school exam where you can pass the exam by following short cut. Trading is a skill. You have to learn it properly. How much time it will take depends on your level of understanding and present knowledge you have.
Unrealistic expectation causes
in
General
Jan 22, 2021 at 12:34
If anyone wants to trade for living, he should focus on developing skills. It's not like that you came and traded demo for few months and learned some strategies and you will be make good money. Noooo. A person needs to spend years to get skilled both technically and psychologically. Only then trading for living is possible.
Forex trading offers high leverage
in
General
Jan 22, 2021 at 12:32
Leverage builds our buying power. We can trade with inconsequential capital with the help of leverage. The lead is whether you take high leverage by then reducing the hazard % proportionately. In any case, I figure trader should focus on quality trading. Also, for that perceiving and contorted is basic.
For trading you do not need
in
General
Jan 22, 2021 at 12:30
For trading you do not need 8 hours+ work. Merely a 4 hour session can be enough. But the fact is you have to skilled enough. Yes in forex trading you have the opportunity to work less and earn more. But this facility doesn't make trading easy. You need time and a lot of study to get skilled.
Making consistent money
in
General
Jan 20, 2021 at 12:20
For consistent earning in forex trading, one needs to be skilled and experience. Price always change it's pattern. If you are not skilled enough, you are gonna lose money.
Best time frame to trade
in
General
Jan 17, 2021 at 11:04
The timeframe that you understand the most is the best time frame. You have to research on all time frames and see what works for you. It is time taking. That's why trading is not so easy. You have to do a lot of experiment to get a good trading system. Here most people make the mistake. From the very beginning they want to make money.
To shine in forex
in
General
Jan 17, 2021 at 11:03
Self understanding is the best understanding. The quicker we understand, the better it is. Trading requires specific knowledge, skills, psychology and discipline. May be you are best for something else. No matter what people say the truth is very few people can make it. That's why trading is one of the most difficult jobs in the world.
Strategy and Forex
in
General
Jan 16, 2021 at 14:23
To make huge amount of profit you need a professional mindset and skills. Without skills consistent profit is not possible. Most traders forget this simple thing. They run for strategy without making themselves knowledgeable.
What should be the risk percentage?
in
General
Jan 12, 2021 at 12:41
Actually risk percentage depends on many factors. How much you can tolerate is a factor. It also associated with your winning ratio. A trading strategy is a combination of all factors according to your skills, capital, risk tolerance power. You have to make a system so that you can survive in the market and make profit.
Most people fail because
in
General
Jan 12, 2021 at 12:40
People fail because most people do not want to learn the necessary knowledge and skills. People come here with a false expectation of getting money quickly and easily. As a result they start gambling and lose money. Many of them get addicted.
Indicators are reliable but
in
General
Jan 12, 2021 at 12:33
Indicators are reliable. But the most important thing is how much you know about the indicators. More or less every indicator works. Everything depends on your skills and knowledge. The best indicator is the indicators that work for you. That's why learning trading needs time. You need to do a lot of experiment to find the suitable one for you.
Trade
in
General
Jan 12, 2021 at 12:32
Most of us come into forex by thinking it's the easiest way to make money online. With very minimum knowledge, we start to trade with real money. We think few months demo trading and a ready made strategy available on internet will give me huge return. The swag is with that knowledge we want unrealistic return per month.
We should not think
in
General
Jan 10, 2021 at 12:21
Most importantly figure out how to control your feelings. There is no place for avarice and dread in trading. In any case, this trading regimen is not for the unassuming or leave heart. Lift impulsive notions considers to a high-chance profile where plan is basic and specific orchestrating is a certain fundamental if a trading learner is to survive.
Keeping a checklist
in
General
Jan 10, 2021 at 12:20
To filter out trade signals we should keep a checklists. Before opening any trade open the checklists. I think each trader ought to have an checklists to take after. It lessens the likelihood to commit errors.
Very tough business.
in
General
Jan 09, 2021 at 11:41
There are many advantages in trading forex. With merely internet connection and PC you can do the trading from your bed. From the Monday morning opening in Australia to the night close in New York, the forex market never rests. In forex trading, a little deposit you can start trading. Leverage gives the trader the capacity to trade with small amount.
Indicators are useful but
in
General
Jan 09, 2021 at 11:40
Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.
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