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Posts by
Quercine
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DO you get scared over drawdowns?
in
General
May 04, 2022 at 05:58
It's not worth it to be scared by drawdowns, since you'll earn the money back twice in a while with a good strategy. Don't be scared of them, they're a normal part of growing as a trader.
Is trading hard?
in
General
May 04, 2022 at 05:56
In general, trading is hard, however with the right mindset and the right practice, you'll be able to adapt to it and do it well. It takes time to learn, so don't be impatient. You have all the time in the world to perfect it.
Patience is best tool to get success
in
New Traders
May 03, 2022 at 06:21
Patience is an essential trait that all traders must possess. The forex market is full of surprises, and you may never know what will happen next. Also, the learning curve to become a forex trader is not straight. Many times traders feel difficult to cope with their emotions. Thus, having patience becomes essential if you want to be successful.
Demo Trading Advantages
in
General
May 03, 2022 at 06:20
The topmost benefit of trading with a demo account is that you get to trade in a zero risk environment. With that, you get an opportunity to learn trading skills and build trading strategies. Moreover, with demo accounts you also get an idea of the trading system and trading conditions offered by different brokers.
Choosing the Right Broker
in
General
Apr 08, 2022 at 13:01
One distinctive characteristic of a good broker is that they will remain transparent about their conditions. This is something I really appreciated about coinexx.
90% are loser ..why ?
in
New Traders
Mar 28, 2022 at 06:21
Trading is a tempting business, and everyone wants to make money quickly. However, it is impossible, and a majority of new traders don’t put in the hard work to learn those skills and take risks. Lack of risk management, poor trading psychology, or no trading plan are different reasons. But overall, they fail because they’re not ready to commit and work hard.
How to Avoid Forex Losses In Forex Trading?
in
New Traders
Mar 22, 2022 at 07:56
How to avoid losses in forex-1) Go with a trading plan - without a trading plan, a trader is throwing darts in the dark. A good trading plan should include details of your trades and goals that you want to achieve2) Use stop losses to prevent risks-The forex market is quite volatile. A stop loss prevents big losses. 3) Avoid high leverageAlthough leverage can be useful to win big profits, it can also backfire. A trader should take high leverage, especially if they’re trading pairs with high volatility.4) Learn to control emotionsTraders are emotional beings. They get influenced by greed...
Can forex trading make you rich ?
in
General
Mar 21, 2022 at 07:09
Possibly! Your success in forex trading depends on your skills. Trading has ups and downs. It is challenging to make a fortune from forex trading, but isn’t impossible. As long as you are consistent and eager to learn from your trades, you can become a profitable trader.
Very tough business.
in
General
Feb 25, 2022 at 07:30
The ever changing nature of the forex market makes it hard for traders to trade forex. To become successful in forex trading, traders must invest adequate time and acquire all the necessary skills.
What do you learned while trading?
in
General
Feb 25, 2022 at 07:17
Absolutely! Learning should never stop. If we look overall, we only require two things to become a successful trader: patience and a learning attitude. Many new traders fail and quit because they don’t learn. All traders should regularly backtest, regardless of wins or losses, and learn from their trades and become a better trader.
Best Broker for a Newbie
in
New Traders
Feb 23, 2022 at 12:59
I started live trading a year back with Coinexx, and it's going well so far. The trading conditions are good and the customer support is really helpful which I guess is very important for every new trader.
There is no short cut
in
General
Feb 21, 2022 at 04:00
Traders who go for shortcuts are the ones who fail. Forex trading can be highly risky, and you can suffer big losses if you don’t come with the proper plan and commitment.
You need sound mind
in
General
Feb 07, 2022 at 10:02
Undoubtedly! Forex trading is more of a mind game. You need to enter into the market with a practical mindset and will to consistently put in hours. Shun the idea that you will make a profitable trader in a year or two. Focus on your skills and the result will follow.
Greed, the destruction
in
General
Feb 07, 2022 at 09:56
Greed, fear, and anxiety, they make traders weak. You can’t eradicate them completely from your life, but you can learn to control them.
Which pairs are your least favorite to trade? And why?
in
New Traders
Feb 07, 2022 at 09:51
My least favourite pair to trade EUR/TRF. It is very unpredictable, enables increased spreads and is not liquid at all in comparison to other currency pairs.
Tips To Being A Successful Trader
in
New Traders
Feb 04, 2022 at 07:22
In order to be a successful trader, the basic three qualities that will help you throughout your journey are patience, dedication and hardwork backed by a wholesome knowledge of the forex market and a set of strategies that work for you.
importance of skills
in
General
Feb 03, 2022 at 08:16
While some traders already have some skills that work in their favour, many traders have to develop the skills over time. Having a skill or skills is not as important as efforts required to develop those skills for forex trading.
Making consistent money
in
General
Feb 03, 2022 at 08:13
Making consistent money is difficult but can be done by some experienced traders. Rather than focusing on consistent profits, a trader should focus more on avoiding big losses consistently and targeting big profits. This will help the trader to stay profitable despite small losses.
Reasons why you should NOT trade cryptocurrencies
in
Crypto
Feb 02, 2022 at 08:01
Even though cryptocurrencies have challenged the traditional ways of earning profits, it still has a number of drawbacks like cryptocurrency can be a volatile investment and has scalability issues etc. Moreover, comprehending terms and analysing the crypto market can often turn to be really overwhelming for newbies. So, yes, trading cryptocurrencies is not a win-win battle.
Is Forex an Addiction ?
in
New Traders
Feb 02, 2022 at 07:53
Forex trading can be really addictive because of the 24/7 convenience. Often considered as an easy path to success, a lot of traders exhaust their capital in greed to earn more in a short span of time.
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