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How to Avoid Forex Losses In Forex Trading?
in
New Traders
Dec 30, 2021 at 05:56
Losses can only be avoided if the trades are executed smartly. If you simply define a stop loss after entry it is going to hit most of the times before the price goes up.
newcomers trading habit
in
New Traders
Dec 30, 2021 at 05:46
We can only warn traders about how emotions can be harmful in trading. They would actually come to know only when they have made significant losses. Only with these losses comes the actual wisdom. So, I suggest new traders to start small in order to avoid big losses while initial trading.
Forex Community
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General
Dec 29, 2021 at 05:21
A good forex community will provide you with the latest news, insights, and analysis related to the forex market. The members will also help you learn about the forex market and how to trade effectively. This forum is one such forex community that offers a wide range of resources for traders of all experience levels.
I'm new here
in
New Traders
Dec 28, 2021 at 04:52
Hello, welcome to the community. Here, you will learn a lot about Forex trading and everything related to it. All the best
Is demo trading enough before real account?
in
New Traders
Dec 09, 2021 at 05:54
Demo trading is a great way to get started in forex trading. It allows you to trade in a simulated environment, which is very close to the real thing, without the risk of losing real money. It is a great way to get used to trading strategies and analyze the market before making actual trades with your real money.
Time frames for currencies
in
General
Dec 09, 2021 at 05:42
It depends on you, your trading style and your strategy. Many traders trade 15 min charts, and others daily or weekly charts. If you are a beginner, then you should trade in the higher time frame to avoid false breakouts and whipsaws.
0 spread low commission broker.
in
Experienced Traders
Dec 07, 2021 at 08:10
I know that a lot of brokers advertise that they offer zero spreads but in reality, you will hardly get them. With most good brokers, the spreads are tight and near zero. Coinexx, Liteforex, and LMFX are some brokers that offer good spreads as per my experience.
For trading you do not need
in
General
Dec 03, 2021 at 04:36
If you have proper knowledge about it, forex trading is a simple process. You need sound knowledge to trade in the market properly. This will give you the confidence to go on and, more importantly, will enable you to achieve success more quickly.
When loss occurs
in
General
Dec 01, 2021 at 04:11
Forex trading is a field that needs discipline. A trader should be well versed in money management and setting targets to avoid the risk of loss.
Fundamental works 100%
in
General
Dec 01, 2021 at 03:46
Fundamentals do work in Forex! The foundation of trading is interpreting the market, connecting with it, and moving through its trends. When you are trading in the Forex market, you are actually predicting the future value of the currency you are trading. Fundamentals help you to predict the direction and duration of that movement.
Greetings to all
in
New Traders
Nov 30, 2021 at 04:47
Hello everyone, I hope you all are doing well today. All the best to all the newbies and beginner traders who want to make money online through forex trading.
strength of currencies
in
New Traders
Nov 29, 2021 at 05:48
The strength of a particular currency depends on numerous economic factors, but the quality of a currency's growth prospects is usually the most significant. Traders should have sound knowledge about the economic and political state of the country whose currency they are dealing with.
money manage and leverage
in
New Traders
Nov 29, 2021 at 05:38
A trader should know proper money management and use the leverage to their advantage. Money management is the process of allocating funds in such a way that they can minimize losses and maximize gains. Leverage can be used to multiply gains or losses.
Time Management
in
New Traders
Nov 26, 2021 at 03:54
Time management in forex trading is one of the most important skills that a trader can learn. It is an essential part of every successful trader's success story.
Trade Around the Clock
in
New Traders
Nov 25, 2021 at 04:19
Proper knowledge and education help one to become a successful trader. A trader should know the time frame they are trading in and should invest their time researching which one is best suited for them.
Broker for Canadians
in
General
Nov 23, 2021 at 09:18
@Forexnew2021 Withdrawals are an important criteria to check in a broker. One reason I’m using coinexx is because of its instant crypto withdrawals.
Do you use Daily or Weekly Max Loss?
in
Experienced Traders
Nov 23, 2021 at 05:04
For me, Forex is a challenge. It's a game of strategy and discipline. I always use Daily max loss levels for all my trades because it gives me the opportunity to learn every day. By using Daily max loss, I have an opportunity to give back some of my losing trades and win more.
How to increase trading skills ?
in
New Traders
Nov 23, 2021 at 04:45
You can increase trading skills by practising on a demo account, learning from experienced traders, and keeping up-to-date with market news and trends.
What influences forex interest rate decisions?
in
New Traders
Nov 23, 2021 at 04:35
Different countries have different interest rates, which in turn affect the exchange rate between currencies over time. This is because interest rates affect the demand for currencies, which in turn affects their value. Easier access to loans means more people are likely to borrow money to spend, which should cause the value of a currency to rise.
Intraday Trading is gambling
in
New Traders
Nov 22, 2021 at 04:52
One should not perceive the financial markets in terms of gambling because nobody has a chance to win forever, even with favorable bets. If you are not able to accept the losses, the financial market is not for you. Intraday trading is a business that requires not only the will to win but also the ability to make the right decision every time.
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