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UweMoench
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UweMoench
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Are you a full time trader?
in
General
Jun 26, 2021 at 11:11
@StrategyCapitals Yes I took forex trading as full time job. I am glad to hear that you are making money from trading. It's a great feeling to be able to make money by trading.
Forex trading strategy is important in forex?
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General
Jun 24, 2021 at 10:56
Yes, for trading strategy is important. But strategy is not the only important. Along with strategy, we also need a sound mind that can control emotions.
How long it takes to learn
in
General
Jun 24, 2021 at 10:53
To make profit you require an expert mentality and aptitudes. Without abilities steady profit isn't conceivable. Most traders overlook this basic thing. They keep running for procedure without making themselves proficient.
There are lot of common mistakes
in
General
Jun 20, 2021 at 12:23
One important difference between trading and going to the casino is that when you go out to gamble, you have a negative expected return. In other words, the house is always expected to win over the long run, on average. Trading , however, if done skillfully and artfully, can put you in the position of the house.
Risky business
in
General
Jun 20, 2021 at 12:22
It is the psychological aspects that makes the difference between demo and real account. In real account, your own money is invested. That's why you are emotionally involved. According to human psychology, people tend to take impulsive decision when they are emotionally attached to anything.
Without skills trading
in
General
Jun 20, 2021 at 12:09
@Dictiony yes you are right. But most new traders think few months of demo trading is enough. As a result, they do not focus on deep learning. They focus on earning and lose money.
Forex game is not business
in
General
Jun 20, 2021 at 12:05
Making profit from the market is not a simple task. You have to take in the fundamental abilities and learning. You have know the all sort of markets i.e. uptrend, downtrend or sideways. What's more, for each market we require refine our procedure.
Staying peofitable consistently
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General
Jun 07, 2021 at 11:25
Learn before you invest your money in forex market. Forex trading requires specific knowledge and skills. You can not make money just by coming into the market. Another advice is choose your broker wisely.
profits in forex trading
in
General
Jun 07, 2021 at 11:13
Loss is inevitable in forex trading. And it gives pain no doubt. Actually no one learn how to accept loss. You have to learn how to overcome loss. Successful traders focus on their risk reward ratio and winning trade percentage. So you should have a well defined trading system that includes everything very clearly.
Beginners Greed
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General
Jun 07, 2021 at 07:09
There is some misconception among new traders. They think within 3 to 6 months they can be enough skilled to make to money by trading. They are not willing to give time in learning. They are in hurry. As a result they lose years after years. And what they learn? Nothing!
Most people fail because
in
General
Jun 07, 2021 at 07:08
If trading were easy, everyone would make money by doing trading. Online trading is designed in a way so that only highly skilled people and institute can make money.
Without skills trading
in
General
Jun 07, 2021 at 04:38
@Akasuki Yes lack of knowledge and skills and a trading mind set are the reason a trader lose money. People can waste time by running for strategy but not willing to give time study and research the market.
scalping anyone??
in
General
Jun 07, 2021 at 04:36
One should not do scalping unless he/she is skilled enough. They should have well control over their mind. Most of the time scalping leads to over trading and a bad habit.
discipline in Fx
in
New Traders
Jun 07, 2021 at 04:29
For trading discipline is a must. Without discipline surviving in the market is not possible. No matter how great strategy a person has. It won't help him for long.
Is a demo account really neccassary?
in
New Traders
Jun 07, 2021 at 04:29
Yes demo is very important for both newbie and experienced traders. Without testing your strategy in demo it's not wise to use it in live trading as you don't know how the strategy works.
Money management is an integral
in
General
Jun 06, 2021 at 11:21
Our total risk should not be above 2%. Now it could be 2% in a single position or all the open positions. Some traders take 2% risk per trade then open 5 trade which becomes 10% risk. We should not do this type of mistakes.
How long it takes to be profitable
in
General
Jun 06, 2021 at 11:20
It takes time to be profitable. But the sad thing is most newbie thinks three to six months demo trading will do the tricks. And when they realize it's too late for some traders. Trading is a skilled based job. You can't do it without being skilled.
Patience is best tool to get success
in
New Traders
Jun 06, 2021 at 07:17
To improve patience we need to be realistic. When it comes to forex trading, people become illogical. They want multiply 100$ in a day. Market moves all the time doesn't means all the pips are yours. Be realistic and treat it like a normal business.
importance of skills
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General
Jun 06, 2021 at 07:15
@Harrylam887 Yes you are right. Most traders do not want to spend time in learning. They are more interested in making money than developing skills. But due to lack of skills, they lose money.
What requires
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General
Jun 06, 2021 at 07:00
Trading psychology is the most important thing after trading strategy. Even a good strategy can be invalid if we are not psychologically well equipped. Every trader should focus on this aspects.
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