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Posts by forex_trader_381988
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Reduce your trading risk!
in
General
Feb 27, 2017 at 21:23
I was just thinking the same thing..😂There is considerable exposure to risk in any currency transaction, any currency transaction involves risks, including, that potential change in political and / or economic conditions can substantially affect the price or liquidity of a currency.On the other hand the leverage of the currency market means that any movement of the market will have an equally proportional effect on your deposited funds. This may go for, but also against.
What is a pip?
in
General
Feb 27, 2017 at 20:47
Of course, to pass the amount of pips to money won or lost is necessary to know the volume of the operation, that is, the number of lots with which the purchase or sale has been made in a currency pair.
Fun on MyfxBook
in
General
Feb 27, 2017 at 20:19
descarga.jpg
The key to success
in
General
Feb 27, 2017 at 20:16
The best way to succeed in Forex is to take control of yourself, your emotions, and your currency positions.
Have a plan and stick to it
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New Traders
Feb 27, 2017 at 20:11
An advice..Do not be tempted to trade in the Forex market in an impulsive way. Have a plan and stick to it. Impulsive trading will most likely lead to losses. If you stick to your plan, you can limit your risk and your losses, and be there to jump off the profitable paths when they come along.Remember that the forex market operates 24 hours a day. Operators can operate at any time of day or night. There are some ideal times for trade and times should be identified. When the market is more active you will have the highest trading volume
Trading Psychology
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New Traders
Feb 27, 2017 at 20:02
I think the answer would be a negotiation technique. Make one for yourself and stick to it, no matter what.However observe the market movements, both from the fundamental and technical point of view, and if something does not look good to you, do not trade, it is as simple as that. Trade is never against the trend, always remember "the trend is your friend". If you experience a loss, do not try to overcompensate on your next trade, stick to the plan.
Psychology of Forex Trading
in
General
Feb 27, 2017 at 19:49
Learn to see faults not as problems, but rather as useful information to get to know yourself better. Maybe, at the end of the day, it will be possible to find out who you really are. Just remember that nobody is perfect.
Are you loosing money in forex?
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New Traders
Feb 27, 2017 at 19:45
There are some traders who follow a methodology that attempts to greatly reduce or even completely eliminate losses. There are only two methodologies that can achieve this:1. Add to a lossy position by believing you were right when you placed the original position and you were only wrong when you opened it. You can even add more in the next position to make recovery easier. The reality is that while this may work as a method, it is usually not optimal and we will generally have better results.2. "Change with the wind" and open a position in the opposite direction. This is not really ...
Have a plan and stick to it
in
New Traders
Feb 26, 2017 at 06:58
Exactly, the trading journal is a great tool to help you become a better Forex trader. Be sure to record all your operations and the reason you opened them. Later on you will be able to see this and evaluate your operations and observe how far you have progressed. I have seen my trading records and have been able to realize how much I have really grown as a forex trader.
Help for newbies
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New Traders
Feb 26, 2017 at 06:57
To be successful at trading you must take full responsibility for your decisions and actions.😉
Trading Psychology
in
New Traders
Feb 26, 2017 at 06:57
The psychological factor is a very important reason for the success and failure of the trader. By having a clear trading strategy and being able to accurately analyze the market, most traders record losses due to the inability to control their emotions.
HOW TO CHOOSE A GOOD BROKER?
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New Traders
Feb 26, 2017 at 06:57
Make sure the broker offers you comfort and good distributionThis is the most important part of the choice, make sure that the broker adapts to your needs especially when it comes to withdrawing or entering money, ideally do it directly and avoid the intervention of third partiesMake sure that the currencies that the broker handles are tailored to your needs, it is also important to know the software you work with, and that you spend so much time investing in the news that may affect the investment.
Psychology of Forex Trading
in
General
Feb 26, 2017 at 06:56
Exact.😄Also be aware of being disciplined.Build your own plan and respect it to the end. To operate is not only to take a position, but also to have a valid reason for which losing position that has already crossed its limit of loss. It is possible that in some cases this will prove to be positive. However, if it does not turn out, the loss can be significant. Respect your plan and be disciplined.
The key to success
in
General
Feb 26, 2017 at 06:54
To be successful as a trader one must act precisely in a different way to how he usually does it. If you start as a trader you will be committing the typical mistakes that will be the school that will set you on fire. But as you commit them, they will teach you how to change your thinking.Do not you think?
Fun on MyfxBook
in
General
Feb 26, 2017 at 06:54
ForexHumorsettingStopLossWTF.pngI had a lot of fun with this picture. hahahaha 😁
What do you wish to achieve through forex?
in
New Traders
Feb 26, 2017 at 06:53
I agree with you. We must also recognize when we are wrong. Learn from our mistakes and continue to operate. While maintaining your point of view, remember that the Market is always right.
Are you loosing money in forex?
in
New Traders
Feb 26, 2017 at 06:53
Fear is a lousy companion for a Forex trader. Of course, FX traders fear losses. But losses are a part of the business. 😉
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