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Posts by
Salsitude
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Is it better to invest or save money?
in
General
Dec 16, 2022 at 06:38
If you want to increase the value of your money, investing is a good option. with good investment strategies, you can multiply your money. However, the saving will only provide you with some interest, which in my opinion is not a good way to increase your wealth.
Why are some traders successful?
in
General
Dec 15, 2022 at 11:04
Successful traders are those who have invested their time and efforts in learning all ins and outs of the market and trading. They are committed to continuous improvement and they do not fear having to learn from their mistakes.
Luck is important
in
General
Dec 15, 2022 at 10:40
Luck may work in your real life but in trading, no trader is lucky enough. Fortune in the forex market is made only on the basis of your hard work, knowledge, and expertise. if you want to get lucky in the forex market then start working hard on upgrading your knowledge and skills.
Most people fail because
in
General
Dec 15, 2022 at 10:36
Many factors can contribute to trading business failure, including a lack of sufficient knowledge, a lack of essential skills, bad execution, a lack of proper planning, and so on. To be successful in trading, traders must work on several things such as their knowledge, trading abilities, a flawless trading plan, and so on.
What is the importance of knowledge?
in
General
Dec 15, 2022 at 10:32
Knowledge is the first and most important requirement for success in any endeavor, including trading business. Nobody has ever succeeded in anything because of a lack of information and expertise.
Mind or Machine? What’s Better For Forex Trading?
in
General
Jun 03, 2022 at 06:19
Our reactions while trading will affect our profit returns. So, it is a must to stay alert and be ready for the worst as anything can happen. The market is uncertain and understanding the fundamentals is important to make the right choices.
The dark side of forex markets
in
New Traders
Jun 01, 2022 at 04:50
I think the dark side of the forex market is that many people have this misconception that forex trading is like gambling or it is a money multiplier that anyone can use to get rich. People need to educate themselves what forex truly is and only enter the market after learning everything. The forex market is for serious and professional traders. Beginners who are keen to learn can also earn profits as they gain knowledge and experience.
What are the popular Techniques for Forex trading?
in
General
Jun 01, 2022 at 04:49
The advantage of scalping is that traders are able to make quick profits from small price changes that take place in the forex market. Whereas, swing and position trading are long term approaches that involve holding on to a trade and keeping it open for a longer duration. A trader can choose any technique and all of them are profitable if executed properly.
90% are loser ..why ?
in
New Traders
May 31, 2022 at 05:00
There are plenty of reasons why 90% of forex traders lose their money. Some of the common reasons are mentioned below.1. Not setting stop-loss while trading is one of the main reasons for trade loss.2. Not conducting a proper technical analysis.3. Being impatient while trading. Never let your emotions decide your trade.4. Not doing proper homework and research.5. Going against the trends. Follow the trend and try to understand the market better.
C Trader Copy Trading
in
New Traders
May 27, 2022 at 10:47
I’ve been using zulutrade for copy trading. Works smoothly on my system.
Patience is best tool to get success
in
New Traders
Apr 18, 2022 at 07:41
Patience is indeed a key element to success in the Forex market. Forex is unpredictable, so traders have to have the patience and discipline to learn from every trade and to stick with a system or method until it proves to be successful.
Is a demo account really neccassary?
in
New Traders
Apr 18, 2022 at 07:40
Yes it is. Demo account is the best place to test your skills and knowledge. It will help you get a feeling of how the market works and what to expect. If you use a demo account as a practice ground, it's going to benefit you a lot.
Newcomers and demo trading
in
General
Apr 18, 2022 at 07:39
Starting with a practice account is always a good idea. Using demo trading, try to absorb as much information as possible. This will assist you in avoiding costly mistakes in live trading and enabling you to make informed judgments.
Demo Trading Advantages
in
General
Apr 15, 2022 at 08:22
The ability to gather experience without suffering a significant loss is the most significant advantage.
Greed is poison
in
New Traders
Apr 14, 2022 at 06:59
Yes definitely, greed is equivalent to poison in the forex trading market. Greed yields nothing except losses. Traders, especially beginners, should always refrain themselves from greed if you want to be a successful trader. Forex trading requires a lot of knowledge, experience, and patience and if you’re looking for easy money and shortcuts then forex trading is not for you at all. Keep your greed aside and focus on learning, this is the best way to achieve success.
Is trading hard?
in
General
Apr 14, 2022 at 06:53
The forex market is one of the most volatile and unpredictable on the planet. The currency exchange rate seems to fluctuate on a daily basis, and one week it could be going up while the next week it could be going down. This makes trading forex a very challenging endeavor, yet traders are drawn to the market by its potential for profit.
Forex Courses
in
New Traders
Apr 12, 2022 at 08:05
Forex trading courses will teach you how to trade without knowing anything about the market. They'll show you how to make money, but they won't teach you what you need to know in order to make money. If you want to succeed, learn the basics of currency trading before taking a course on it. The best way to learn the basics is by reading books and following other trader's blogs.
What is Pip ?
in
New Traders
Apr 11, 2022 at 06:39
Pip is the smallest price fluctuation that a currency price can make. On the currency market, a pip is the smallest price movement of one currency versus another. It is usually represented in decimal digits.
Learning Forex Trading
in
New Traders
Apr 08, 2022 at 07:35
It takes a lot of practice to learn Forex trading. You have to be patient, and don't jump into trading until you are well aware of what you are doing. Learn about fundamental analysis and technical analysis.
You need sound mind
in
General
Apr 06, 2022 at 07:25
Sound mind refers to the mind that is calm and free from all kinds of negative emotions. Traders need to have a sound mind while trading for making trading decisions rationally and logically.
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