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UweMoench
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Indicators are useless
in
General
Sep 06, 2021 at 11:12
Indicators are not completely useless It can be helpful if we can set the parameters properly. Default parameters do not work all the time.
Why not trade your own money?
in
New Traders
Sep 06, 2021 at 11:00
Never trade with other people's money unless you are making good money with your own money. Otherwise it can be a double sowrd for you.
Arrogant advice
in
New Traders
Sep 06, 2021 at 10:58
Usually new traders do few weeks or months of demo trading and think they have learned the secret of making money in the Forex market.
Regulated broker vs. Unregulated broker
in
New Traders
Sep 06, 2021 at 10:56
When it comes to trading, there is no alternative to regulated and licensed brokers. Never go for unregulated broker. No matter how lucrative their offers are.
FX Trading Tips
in
New Traders
Sep 06, 2021 at 10:54
Patience is one of the important qualities of a trader. They have to wait for the right time to take entry and exit. Add patience comes from experience.
New in forex trading
in
New Traders
Sep 06, 2021 at 08:18
Demo is the place for new trader to learn about trading system. Demo is also helpful for old traders as they test their strategy on demo before going to live.
How long should I start to trade after studying?
in
New Traders
Sep 06, 2021 at 08:16
Learning never ends. It's a never ending process. Market is ever changing. To cope with it you have to keep improving your skills and experience.
Best Broker for a Newbie
in
New Traders
Sep 06, 2021 at 08:14
To choose a broker, a new trader should be careful..they should do some research on internet. And choose a broker that is regulated and licensed.
Signals
in
New Traders
Sep 06, 2021 at 08:09
Signals should not be followed if you are new. They provide a lot of signals everyday and you will get confused and end up losing the money.
How true is High leverage = High risk?
in
New Traders
Sep 06, 2021 at 08:07
Yes high leverage means high risk. That's why every trader should have a risk management plan. Otherwise he won't be able to stay in the market.
Trade Around the Clock
in
New Traders
Sep 06, 2021 at 08:06
@SofieAndreasen yes we should find the suitable time that suits our trading strategy and style. It's not a good idea to trade all the time.
Successful Trading Rules
in
New Traders
Sep 06, 2021 at 08:00
Be patient, don't be greedy. Expect what you can achieve according to current skills and focus on developing more skills and experience.
Tips To Being A Successful Trader
in
New Traders
Sep 06, 2021 at 07:57
To be a successful trader, you have to give time in learning and developing skills. You need to how to read charts when to take entry and how control your mind.
backtesting
in
General
Sep 05, 2021 at 07:45
@Alexthetrader Yes back testing can help us to understand so many things. But at the same we also should do demo testing to understand the strategy better.
scalping anyone??
in
General
Sep 05, 2021 at 07:42
@AndrewMcCalam54 if you are having consistent profit by scalping that's good for you. But new traders should not do scalping. It will mess up their trading mindset.
Fear makes you
in
General
Sep 05, 2021 at 07:40
@perryjohn765 Yes fear makes us restless. We can't think properly if we are in fear. As a result we open unnecessary trades or close a good trade.
Trading time is very important
in
General
Sep 05, 2021 at 07:37
@AliaDare Yes being impatient is not good for trading. We need to have patience. A trader has to wait for the perfect set up. You just can't jump out into the market.
Trading with borrowed money
in
General
Sep 04, 2021 at 14:07
@croisssan But to trade with your own funds without leverage, you need a lot of money as capital. Many may not have that much capital for investment.
What happens when demo accounts expire ?
in
General
Sep 04, 2021 at 14:05
@necolesilvers Yes you are right. Basic understanding of the Forex market and trading should be achieved before opening a demo account.
Acquiring knowledge is basic
in
General
Sep 04, 2021 at 13:53
@Akasuki Yes you are right. Without knowledge and skills, we have make money in profit. Along with knowledge and skills we also need a sound mind.
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