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davemack
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Trading without stop loss
in
General
Nov 10, 2021 at 05:20
Traders do have a thought that profits get hampered when they put a "stop loss", but actually that’s not the case. Stop loss helps in limiting your losses, and if you find that the market is going in your favor, you can modify your "Stop loss" at any time. But remember greed can make you experience big losses, so it’s better to earn less at a time instead of losing everything in one time.
MT4 or MT5
in
General
Nov 08, 2021 at 10:15
Both the platforms are good but I am more comfortable using MT4 as their app is also very convenient to use. I place my orders most of the time from my smartphone. It is very easy to manage my two different accounts on Turnkeyforex and LMFX at one place.
Forex taxes in Belgium
in
New Traders
Nov 08, 2021 at 06:20
Forex taxes in Belgium are very complicated. You can get an idea about the taxes by just reading the Forex tax in Belgium Wikipedia article, but there is more to it than that.
Which indicator you use most for your trading?
in
New Traders
Oct 13, 2021 at 04:07
Yes, Stochastic Oscillators are indeed most traders' favorite. They give a complete picture of an asset's market sentiment and are easy to find on most trading platforms.
Risk management and position size
in
Experienced Traders
Oct 11, 2021 at 06:06
@SteveHanks It can be the toughest but it is very important. Limiting the use of leverage and using a stop loss can be really helpful while applying risk management to your trade.
GOLDEN Rules of Profitable Trader's
in
Experienced Traders
Oct 08, 2021 at 09:26
Sometimes not doing anything can also be a part of the strategy. This is the most ignored yet important rule of trading. A good trader is the one who has the patience to sit and wait for the right opportunity, instead of acting upon every opportunity that comes their way.
Emotional Trading
in
General
Oct 07, 2021 at 09:57
Emotions are not at all dangerous, it's a matter of controlling them when trades are not going according to your expectations or plans.
The less complicated trading system
in
General
Oct 05, 2021 at 11:13
Don't complicate things; the less complicated trading system is the best. In fact, many of the professional traders use basic bar charts to determine their trades.
Recovery from a broker possible or not?
in
General
Oct 04, 2021 at 08:30
The only way to recover your funds in such a situation is to file a complaint with the law enforcement agencies in your country.
Indicators are reliable but
in
General
Oct 04, 2021 at 07:47
In my opinion, indicators are reliable in forex trading. I base this opinion on my own personal experiences with indicators and the experiences of others that I know that use indicators. Indicators’ utility differs from person to person based on what they like and the kind of strategy they want to use.
Discipline and Forex Trading
in
General
Sep 27, 2021 at 08:19
Traders need to be more vigilant and disciplined because without these they won't be able to assess the market, and strategize their trading plans accordingly.
Best Crypto to Invest in these Times.
in
Crypto
Sep 25, 2021 at 05:05
@necolesilvers ETH is great , although I am betting on FTM and SOL.
Many traders think stop loss
in
General
Sep 24, 2021 at 07:23
Since the market is open 24/5 and moreover highly volatile , a trade could take a blow at anypoint of time, but with stop loss you can always reduce your losses to bare minimum.
If you want to get success
in
General
Sep 20, 2021 at 09:17
If you want to get success” don't trade without strategies , follow the principles of trading and never trade emotionally.
Common mistakes
in
General
Sep 20, 2021 at 07:01
It is important for a trader to analyze their strategies and learn from the mistakes they make. Forex is a wide market and there is always something to learn.
Scalping is good
in
General
Sep 17, 2021 at 11:22
Scalping isn't suitable for beginners at all. I feel only experienced players should scalp in the forex trading since they understand the movements and nature of the market.
Dogecoin
in
Crypto
Sep 17, 2021 at 08:17
@KarlosFandango LTC is derived from BTC and Tether is not as stable as it was deemed to be. There is no way I am going to agree with my friend up there.
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