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Posts by
forexminded
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Fear of losing
in
General
Feb 12, 2021 at 11:44
Fear of losing is a natural emotion as nobody wants to lose their hard-earned money. But you must make sure that fear does not hinder your decision taking ability.
It is very important to sharpen
in
General
Feb 12, 2021 at 11:43
I agree with you all. Knowledge and proper skill-set are a must in forex trading.
In trading everyone should have some rules
in
General
Feb 11, 2021 at 09:18
Setting some trading rules for yourself is really helpful in the longer run if followed seriously.
Risk management and position size
in
Experienced Traders
Feb 11, 2021 at 09:18
Firstly, I set the percentage of risk which I can afford and then think about the lot size.
Types of analysis
in
General
Feb 11, 2021 at 09:17
I prefer the blend of fundamental and technical analysis.
Complicated strategy is not good
in
General
Feb 09, 2021 at 11:57
Keeping a simple strategy and sticking to it is always the best option. Complicated strategy will complicate the trades too.
Stop Loss Importance
in
General
Feb 09, 2021 at 11:57
I have understood the importance of stop loss after losing money. So, I consider stop loss as a means of risk management.
Why day trading is better than long-term (Opinion )
in
General
Feb 09, 2021 at 11:55
No doubt, if you are experienced enough, day trading helps you make profits almost all the days but it is useful for full time traders only because it requires all your time to watch the market and accordingly place the trade.
Common mistakes
in
General
Feb 08, 2021 at 12:25
According to me, the biggest mistake a trader makes is not using stop loss.
Gambling type of forex games? Is that true?
in
General
Feb 08, 2021 at 12:25
Exactly.Forex seems gambling only to those who want to become rich overnight. But the forex market is not a get-rich-quick scheme. It demands time and patience if looking for consistent profitable trades.
It is a very wrong idea
in
General
Feb 08, 2021 at 12:24
Exactly. Going against the market is a risky job, especially for day traders or swing traders.
Fundamental analysis
in
General
Feb 08, 2021 at 12:23
It’s true that fundamental and technical analysis is a vast topic and demands learning with discipline and patience. If you are successful in understanding the fundamentals and technicals of any currency pair, you’ll always be a step ahead
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