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davemack
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Posts by
davemack
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Be productive
in
General
Apr 06, 2022 at 04:35
A trader can not make a successful trading career if he is not productive. Traders should have a positive attitude towards learning in order to be productive.
The fear of losing opportunity
in
General
Apr 05, 2022 at 05:09
As traders, we all have this fear. But traders should be patient and wait for the right opportunity.
Demo Trading Advantages
in
General
Mar 15, 2022 at 04:34
It is important for traders to practise on a demo account before trading on a live account. It allows traders to know the trading platform and also the market.
Is trading hard?
in
General
Mar 15, 2022 at 04:19
I totally agree. There are many people who claim forex trading to be easy and one can easily make profit out of it. They are all scams and a trader should know that.
Are there brokers with no withdrawal fees?
in
New Traders
Mar 11, 2022 at 04:26
Have you checked TurnkeyForex? I’ve been using them for quite some time now and there’s no funding fee. Also, the spreads and commissions are low, if you are basically looking for a broker with lower trading costs they may be perfect for you.
Most people become unrealistic
in
General
Feb 28, 2022 at 06:25
Wrong mindset is always dangerous and misconconceptions are always misleading. Traders must be aware of the fact that forex is no hard and fast way for making money.
Don’t Let Your Emotions Dictate Your Forex Trading
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New Traders
Feb 24, 2022 at 04:01
Emotional control is of great importance when you are trading forex. If the market opportunities attract you quite a lot, there are chances that you will become greedy if you don’t learn to control your emotions. And there is nothing worse than making emotional decisions.
Manual is best
in
New Traders
Feb 23, 2022 at 04:48
I agree that manual trading makes you the master of your trades. But you can’t keep up with the market competition when you know there are traders who are using bots that are getting profits even if the market is moving way too rapidly.
Forex Trading Psychology: Levels of FEAR
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Experienced Traders
Feb 17, 2022 at 05:51
It would be wrong to say that you can overcome fear while trading because it’s a natural emotion that will come when you have put your money at risk. But you have to learn to control your emotions so that they don’t become an integral part of your trading decisions.
New in forex trading
in
New Traders
Feb 16, 2022 at 05:12
Learn from different sources to enhance your knowledge. A single source would limit your knowledge. Read books, go through articles, watch videos, and start discussions on forums.
Patience is best tool to get success
in
New Traders
Feb 16, 2022 at 05:05
Keeping patience can be difficult for some but if you have decided to become a trader, you will have to learn this art.
Learning Forex Trading
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New Traders
Feb 16, 2022 at 04:57
With proper learning, one can get the right, and profitable mindset to become a successful trader. One should know what the market is doing, and by knowing that they can understand which direction it might turn. This will allow a trader to buy low and sell high.
Money Management
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New Traders
Feb 07, 2022 at 08:22
Most forex traders begin their trading account with large sums of money without really knowing how to manage their cash properly. It is very important to have a definitive capital management plan in forex trading. This plan aims for the trader to take advantage of every possible opportunity that could arise when trading with the forex market.
hi. I'm new to forex trading.
in
New Traders
Feb 07, 2022 at 08:15
Hey, welcome to the forum. Learn and practice on a demo account before starting with real money. The difference will be that you won't lose real money if you fail to make a good trade.
Gold broker recommendations
in
General
Feb 03, 2022 at 05:08
@momo3HC I also look for these three qualities plus lower costs while choosing a broker and Turnkeyforex seems like a good one so far. I am also testing CedarFx these days. I like their initiative of tree planting, let’s see how it goes with them.
Making consistent money
in
General
Feb 01, 2022 at 07:13
To make money consistently one should be methodical and patient. With the right mindset and a working strategy, you will be able to do it.
Scalping and trading strategy
in
General
Jan 31, 2022 at 06:26
Money management plays a crucial role in scalping. If you have a good money management strategy and use it properly, you're almost certain to trade profitably.
Leverage is useful or not ?
in
General
Jan 31, 2022 at 06:20
It is useful for those who use it correctly. Leverage is a tool that allows you to get a better deal for your profit. However, it is also a dangerous tool because when you use this tool incorrectly, you can easily lose money much more than what you have deposited in the account.
Diffrence between real & demo trading
in
New Traders
Jan 28, 2022 at 06:25
Demo trading is where a trader practices their skills. No real money is involved or at risk, on the other hand real trading is where a trader invests their money to buy and sell currencies in order to make a profit.
Loss
in
General
Jan 25, 2022 at 07:15
Loss in forex trading is a common occurrence. When trading in the foreign exchange market, it is possible to make high profits as well as incur large losses. Many traders lose money because they are not properly prepared or fail to follow their own trading plans.
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