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richard2
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richard2
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Forex Amount
in
General
Feb 20, 2020 at 08:16
Better to decide that yourself depending on your risk tolerance levels. An amount may be big for one trader and small for another, so you should yourself decide.
Computer, Internet & Broker.
in
General
Feb 20, 2020 at 08:11
Very well said, couldn't have imagined trading without computers.Thats one of the best inventions for the world.
HOW MANY TIMES BLOWING UP ACCOUNT BEFORE GIVING UP
in
General
Dec 24, 2019 at 12:19
Well yes, the experience is different when you use your real funds, but that does not lessen the value of a demo account. One can not start trading without a demo acc I feel. Plus thats the best way to back test your strategies.
90% are loser ..why ?
in
New Traders
Dec 21, 2019 at 07:54
True. We can’t call them losers. Newbies are in their learning phase. Gaining success in fx trading takes time. For some it may take years to become experienced. So one has to be extremely patient and positive.
Let's Talk Trading
in
General
Dec 05, 2019 at 10:37
Yes. Practicing on a demo account is a must. When i started my trading journey i practiced on a demo account for long before moving to live trading. I can’t imagine beginning trading without practicing on a demo account.
Beginners Capital
in
New Traders
Dec 05, 2019 at 10:28
Exactly. How much amount you want to start with is totally up to you as it depends more on your financial position.Plus whatever you feel is reasonable would be a good idea as long as its not too risky. Apart from deciding on the amount, you must have a risk management strategy in mind to avoid losses.
1% risk
in
General
Nov 06, 2019 at 07:55
Yeah that’s true! Sticking to a particular percentage risk only is not realistic. It has to be adjusted as per situations.
ECN or STP ?
in
General
Nov 06, 2019 at 07:54
Its ECN for me anytime.
Any Difference ?
in
General
Nov 06, 2019 at 07:54
I just believe that they go together. Without proper risk and money management you can’t do good in fx trading. One is incomplete without the other. So take both together.
Very tough business.
in
General
Nov 06, 2019 at 07:53
Indeed! Forex is great only if you understand it nicely. Otherwise its not that a good idea.
What does matter
in
General
Nov 01, 2019 at 07:30
Yeah right. A trader has to use strategies only as per his personal goals, risk tolerance and expectations. Just following other people’s plans and strategies is not going to take them anywhere.
Psychology of Forex Trading
in
General
Oct 30, 2019 at 09:50
Well yaa i agree somewhat. You should rather try to engage yourself on some forex trading forums where traders talk about their challenges, their strengths and tricks they use to trade forex. That’s a great place to learn from people’s experiences.
There is no short cut way.
in
General
Oct 30, 2019 at 09:50
Yeah that’s right! Very few people are actually successful in making consistent profits because they put in a lot of hard work, others lack somewhere due to which they are unable to make consistent profits.
What Are Your Golden Rules?
in
New Traders
Oct 22, 2019 at 08:11
My golden rule is to trade within my risk limits. I never take more risk than i can afford.
How long should I start to trade after studying?
in
New Traders
Oct 22, 2019 at 08:10
True ! Once you start realizing consecutive profits in your demo account you can try your hands on a real account.
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