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ele020
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ele020
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Forex is a decent business
in
General
Apr 29, 2021 at 06:08
Forex helps you earn a decent living only if you invest time first before investing capital. Huge capital investment will not turn fetch you profits if you havent done your early research. Knowledge and practice is a key to successful trading.
Is trading for living possible?
in
General
Apr 27, 2021 at 09:37
Indeed it is possible,, but to reach this level, dedication, practice, experience, knowledge etc all is very important... You cannot begin trading for a living a right away. First you can start it as a part time hobby and eventually increase your time and capital spent
Newbie looking for guidance and support
in
New Traders
Apr 26, 2021 at 04:23
I believe till the time you are working on basics,, there is no need to invest capital...
Points Vs Ticks Vs Pips
in
New Traders
Apr 26, 2021 at 04:21
100% correct...
Points Vs Ticks Vs Pips
in
New Traders
Apr 26, 2021 at 04:19
Basic learning comes first no matter what your arena is.. and when you are investing your hard earned money,, its even more crucial... I have always advised my fellow traders to first work on your roots and then think of getting a fruit in future...
Purpose of demo trading
in
General
Apr 21, 2021 at 07:19
A demo account helps the newvie to get a glimpse of what goes on in the market, how trades are placed, what all indicators can be used to dig out trade ideas, what margin is required to place trades, how leverages function, and what not.. Basically a demo account gives the trailer of trading.
Forex game is not business
in
General
Apr 20, 2021 at 07:18
It is not a gamble.. I agree with you, but people treat it as a gamble which will make them rich over night and eventually end up loosing everything... Its such a shame
What is your trading strategy ?
in
New Traders
Apr 20, 2021 at 07:08
Also, you need to be extra careful with the spreads as they generally widen during news release.
Newcomers and their greediness
in
New Traders
Apr 15, 2021 at 05:12
These are some really good tips... How long have you been trading?
Points Vs Ticks Vs Pips
in
New Traders
Apr 15, 2021 at 05:09
Thank you @patriciablack I am glad it helped.. I am always ready to share my knowledge
Points Vs Ticks Vs Pips
in
New Traders
Apr 15, 2021 at 05:06
Hey guyssssss,,, I just noticed a mistake in my image... 😝 here is the corrected one.. I apologise for this typing error.
Points Vs Ticks Vs Pips
in
New Traders
Apr 09, 2021 at 04:19
Its a fact, in the beginning we all have confused ourselves with these terms.. To me it all sounded synonyms of each other. But with time I understood the exact meaning and reference of each term.
Points Vs Ticks Vs Pips
in
New Traders
Apr 09, 2021 at 04:15
Thank you. II am glad that it helped
Trading with borrowed money
in
General
Apr 07, 2021 at 06:48
You certainly CANNOT take the risk of borrowing money and then trading with it. Its a disastrous mistake. Trading itself involves a very high risk of losing your capital so why would you want to loose borrowed capital and then pay interest on top of it?
Overconfident
in
New Traders
Apr 06, 2021 at 05:41
An overconfident trader is aught to commit basic trading mistakes. 1. Lacks capital management2. Doesn't pay attention to stop loss. 3. Fails to keep himself updated with market movements, events, news releases etc. 4. Doesn't backtest the trading strategy. All these mistakes combined lead to disastrous trading.
Indicators are reliable but
in
General
Apr 05, 2021 at 05:55
Correct, using indicators without knowing how they actually work and what their functions is just like performing a task with all the necessary resources but without knowing the role and working of each resource.
Only a small percentage
in
General
Apr 05, 2021 at 05:51
When it comes to trading, discipline, experience , practice, determination, risk management etc play their individual role to form a pro trader, skipping even one out of these things can lead to losses.
what kind of spreads do you look in a broker
in
General
Apr 05, 2021 at 05:28
Yes, currently I am trading with and they are good so far. You can try them out. IC markets is also good.
Unrealistic expectation causes
in
General
Mar 31, 2021 at 10:54
it only causes disappointment and loss of capital.
Forex trading is easy for
in
General
Mar 31, 2021 at 10:53
Easy or difficult completely depends upon your approach. if your approach is just to gain profits in a short period it is definitely going to be difficult.
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