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ele020
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ele020
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Those who can't learn will be eliminated by the market
in
Experienced Traders
May 28, 2021 at 06:52
Thats right. Proper market update, along with core understanding of fundamentals, technicals can help you to take the correct trading decisions
In trading consistency is important
in
General
May 28, 2021 at 06:49
Yes a perfectly calculated plan along with determination and experience lead a successful trading journey
Losses are a part of trading
in
General
May 28, 2021 at 06:48
Profit and loss are the 2 sides of a coin... Both side can neither be tails nor heads ... Both go hand in hand
Emotional Trading
in
General
May 28, 2021 at 06:46
You have correctly described every day trading of a retail broker. Its 100% true that a retail trader has no control over the market, he can only perform according the prevailing situation. If you are losing then take a break and start fresh.. Trading under emotional distress will draw you down to more losses.
Broker Suggestion
in
New Traders
May 21, 2021 at 07:05
right. a trader should make a list of its requirements and draw a comparison between all the brokers offering those trading conditions. The one which over powers all other brokers should your optimal broker.
Different levels of leverage
in
New Traders
May 20, 2021 at 09:14
500X is too much even manual trading. You should restrict to 200X in my opinion.
Those who can't learn will be eliminated by the market
in
Experienced Traders
May 20, 2021 at 09:11
In order to survive in forex market, you need constant research, determination and skill practice else there is no room for casual traders.
THE ART OF TRADING: JOURNEY TO CONSISTENCY
in
New Traders
May 20, 2021 at 09:09
Hey Victor. Its good to know about you. I am myself a self thought trader and yes I can understand how hard it becomes at a point when you are clueless of what to do next. But finally, good days are here and I am able to trade well enough and share my experience with all our fellow traders.
Traders Club
in
General
May 20, 2021 at 09:04
Is it up yet?
Broker Suggestion
in
New Traders
May 20, 2021 at 09:02
Hey, I have a couple of broker in my mind which might fulfil most of the trading conditions that you are asking for. try out Fxview and FXCM. the first one will help you to reduce your trading cost with minimal spreads and low commission. Though you will have to figure out for leverage.
Emotional Trading
in
General
May 20, 2021 at 08:58
Right. Trading and emotions are inversely related to each other, the more you engage in trading with emotions the more you will loose. So its better to keep emotions away and keep up your trading in the correct direction
Forex game is not business
in
General
May 20, 2021 at 08:51
Indeed forex trading is profitable but if you think you can quit your job and invest your life time saving in forex and start a new carer then let me enlighten a couple of things 1. Never invest in trading without a good amount of experience and knowledge 2. Never depend upon trading to pay your bills and other basic necessities. 3. Forex can increase you income but cannot be an only source of income4. You need years of experience, skills and trading knowledge to become a pro trader who can depend upon trading for his life and family.
Losses are a part of trading
in
General
May 12, 2021 at 07:14
Yes, one cannot just avoid losses, even if we do all our calculations, risk management, stop loss etc, still there will be a chance for the trade to result opposite to your prediction, thus you need to be prepared and work on covering up the loss later rather than just cribbing over it.
Don't go against trend
in
General
May 10, 2021 at 07:17
Its been quite a long that I am trading still never felt comfortable to ditch the trend...
How to choose a regulated forex broker?
in
General
May 10, 2021 at 07:16
Yes, a regulated broker is always better than a non regulated broker, there are plenty of regulations like CySec, FCA, ASIC, FSCA etc...
Professional trading tips for beginners
in
General
May 06, 2021 at 10:40
Perfect tip... Earning money in forex only comes after a trader has gained enough experience and skills
Losses are a part of trading
in
General
May 06, 2021 at 10:38
I prefer using 1:3 risk to reward ratio... It has proved ideal for maximum of my trades.
Purpose of demo trading
in
General
May 06, 2021 at 10:34
Yes, even practice requires correct direction. If you are practicing on the demo account without any strategy its of no use.
The Most Traded Currency Pairs in Forex
in
General
May 03, 2021 at 05:15
I prefer trading on highly volatile pairs like EURUSD, GBPUSD etc.. High volatility combined with high liquidity gives me better spreads and more trading opportunities. Its the best combination when trading with a pure ecn trading model
Forex game is not business
in
General
May 03, 2021 at 04:39
I like the simplicity of this statement.. its 100% true, forex is technique and art both that a traders needs to understand and practice both.... Alone understanding wont help neither practicing aimlessly.
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