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Real traders - Blogs, Groups, Youtube
in
General
Nov 27, 2020 at 05:25
Its sad that people fall in such traps. Its harsh but a very disappointed reality. In the sea of fake people real traders who actually like to share their learnings and experience are over looked.
Pros and Challenges of Trading Forex
in
General
Nov 26, 2020 at 06:24
Well its more like taking a calculated risk rather than an imperfect decision.
Pros and Challenges of Trading Forex
in
General
Nov 25, 2020 at 05:55
I get your point but don't you think its impossible to take a perfect decision about something which is uncertain? Markets can treat you either ways out of nowhere, I believe that yes, we should be taking the correct decision which helps us to mitigate any unfortunate circumstances along with proper understanding of the market.
Really? Long term is worth the wait?
in
General
Nov 24, 2020 at 04:18
Indeed, long term trading requires extreme patience and a sound capital. You cannot manage to get profits on long term trades with tiny investments. Swap charges is one of the reason why long term trades are not fruit full with less capital s almost all or your capital will be eaten up by the swap charges. Further long term trade also involves many huge market movements, thus less capital will close your trades during draw downs.
Timing of entry and exit
in
General
Nov 23, 2020 at 11:12
Yes, timing is very important. A trader can either make or break at these points. But you don’t need to sit before the chart for the right time, practice on demo and make yourself skilled enough to know the perfect timings.
Pros and Challenges of Trading Forex
in
General
Nov 23, 2020 at 11:10
The Forex market is the biggest financial market on earth. It requires very specific knowledge and skills to make profit. It is advantageous as well as risky also. Forex trading can be started at a very low cost, low investment is required and higher returns are expected from trading, but a risk is als associated with it as you can’t control volatility in the market.
losses and fear.
in
General
Nov 20, 2020 at 04:45
The Forex market is a very volatile market, it deals with a high volume of transactions hence the fear of losses will definitely exist. But if you can control your emotions, you can surely minimize loss and make profit. Try to use an expert advisor to prevent losses. Don’t use too much leverage initially. Although a bit of fear is good as it prevents you from making wrong decisions.
Almost all methods give profit if
in
General
Nov 19, 2020 at 08:17
Each method has its advantages and disadvantages. Following one method blindly will not be profitable always. We should analyze and change method with the change of market so that we will not land into losses.
Security of the funds
in
General
Nov 19, 2020 at 08:14
Newbies should be more careful about this kind of fraud. There are many brokers who did this kind of fraud with their customers. That is why it is suggested to always trade with a regulated and a licensed broker because for regulated brokers security of funds of the client is its topmost priority.
How can we find a reliable platform?
in
New Traders
Nov 19, 2020 at 08:13
While choosing a Forex broker, you should always consider whether it’s regulated or not, then check their support and fees. Do check whether they are market makers or ECN brokers. Then check Commission charged, Spreads and Inactivity fees
20 trades to become millionare - is it possible?
in
New Traders
Nov 13, 2020 at 07:38
This is way to much risk and prediction. I would advise you to make some room for losses in your strategy. Its not possible that all your trades go in profit and allow you to double your lots with every step.
Avoid predicting the markets, Rather be reactive.
in
New Traders
Nov 12, 2020 at 02:41
Well i believe, both the things predicting and reacting both go hand in hand, if you only react, you will limit your trade possibilities as you will never be able to enter a trade at a good profitable point. On the other hand if you are only predicting and the trade turns out to be opposite to your prediction then you are left with nothing but disappointment. Thus, its best that you predict the market movement after detailed analysis and react according to the actual market conditions when the trade is running. I hope you agree with this.
Strategy is very important but
in
General
Nov 11, 2020 at 06:12
Yes, strategy is important in trading. It helps to manage your emotions and discipline. Don’t apply too many different strategies. Stick to one strategy to remain focused. Choose your strategy carefully and apply it on your demo account before going live.
Stop Loss/Margin of Safety
in
General
Nov 11, 2020 at 06:10
Yes I completely agree with you. Stop loss is important in trading as it closes an order automatically once the price is reached at a pre-specified level. It prevents large and uncontrollable losses in volatile trades. It is a basic risk management tool and a good strategy especially for beginners.
newcomers trading habit
in
New Traders
Nov 07, 2020 at 08:11
for new comer's fundamental analysis is the best way to begin. Identify the over all trend of your favourite instrument, track the market thoroughly and check news. Next is to ascertain the risk percentage. never open a trade without stop loss.
Never You Trade For A Cooperate Mafia Investors; My Experience.
in
General
Nov 06, 2020 at 09:07
I am sorry to hear your story. Thank you for making us aware of such cases. I am glad that now you and your family are safe. So are you still trading or on a break from all that you went through?
Don't go against trend
in
General
Nov 04, 2020 at 07:26
going against the trend is only optimum if you are trading on news. Any sudden event might fetch you profits on a trade opposite to the ongoing trend. Apart from that, I advise traders to stick to the trend.
Most people fail because
in
General
Nov 04, 2020 at 07:04
failure is only due to lack of ambition and focus. Traders usually want to get hefty returns within a short time span, they invest too much, blow out their account and loose everything. This is not how trading is done one should have practice patience and techniques to become a pro trader.
What are two types of analysis?
in
General
Nov 02, 2020 at 10:17
Technical analysis is dependent on past price movement data to predict a currency pair's future value. Traders focus on charts of price movement and different analytical tools to evaluate a currency pair's strength or weakness. In most of the cases, traders recognize repeated patterns, which they use to predict the movement of the market.Fundamental analysis is dependent upon analysing current factors, predicting future factors, which can affect a country's economy. In fundamental analysis, traders analyse factors such as a country’s inflation rate, interest rates, GDP,...
Money Management Tips
in
General
Nov 02, 2020 at 10:13
The answers for all complex questions are found in basic concepts. The key to money management is obtained by blindly following these tips; 1. Conduct Thorough Research2. Be realistic in your approach 3. Manage your money 4. Speak to other traders5. Always use a stop loss
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