steve_25's Posts - Page 2

WHO trades forex for more than 10 years and keeps making regular profits in Experienced Traders Sep 30, 2019 at 06:09

There maybe so many of them. But consistency here doesn’t imply that a trader doesn't make loss at all. I don’t think there could ever be a trader who hasn’t incurred loss in trading. In an experience of more than 10 years, one can lessen the chances of loss but not eliminate it altogether. So relax and start exploring it.

There is no short cut way. in General Sep 26, 2019 at 06:17

Indeed! There is no short cut to earn money. Many people think of forex trading as the easiest wayof making a lot of money. But the reality is far from this fact. In fact i would say it takes years to become that successful in trading. Booking profits every time is a hard thing to do and takes a lot of times. You might be able to make money sometimes but your failure rates will definitely be high if you don’t have a suitable trading plan.

Gold Or Silver in General Sep 26, 2019 at 06:16

long term point of view.

Gold Or Silver in General Sep 25, 2019 at 05:55

I prefer gold. Its a great commodity to invest and offers better chances of capital appreciation in future than silver. Never really tried silver as gold prices have always been a centre of attraction for me.

a good trading strategy in New Traders Sep 23, 2019 at 06:16

I agree,there is no best strategy at all. Which strategy suits you would depend on how much time can devote to trading, what are your financial goals and risk tolerance etc. Hence, you need to yourself test strategies and find out which strategy works for you and which doesn’t.

Tools to trade. in General Sep 20, 2019 at 05:10

Some people believe that more the number of tools he uses in forex trading , better would be the trading results. But that is not so. Using one or two indicators is rather a better thing to do. Using more tools only means confusing yourself. Using a combination of tools is also a good idea. So neither depend on just one tool nor use so many tools that you can’t reach a conclusion. P.S – use only those tools you are fully aware about.

Beginner's Tips in New Traders Sep 19, 2019 at 05:24

Read, research and learn. FX markets are really volatile and you have to be on toes to keep a track of price fluctuations and reasons for the same. Keep your yes and ears alert. Practice hard on a demo acc , make trading plans and stick to them. Learn from your mistakes, avoid emotions while trading and most importantly, remaining calm. At the end, you are responsible for your trades , so blaming your broker or destiny is not a good thing to do.

What do you wish to achieve through forex? in New Traders Sep 07, 2019 at 06:45

I love to trade in the forex markets. Every time i make a profit it boosts my mood, and i am able to work better on my job. My aim is to supplement my income, expand my earnings and do whatever i wish to do in life. And yes i believe it is definitely a way to become rich sooner or later.

BITCOIN DEAD ¿? in Crypto Sep 04, 2019 at 06:17

Indeed! Even i believe bitcoin has a really bright future ahead. The pace at which its value is increasing is just commendable. Its is a great way of trading and also the future of fiat currency. So,Bitcoin is here to stay and those not investing in cryptos should start trying their hand out here before it completely takes over the market.

Successful trading in New Traders Sep 02, 2019 at 07:13

For successful trading, one of the most important things is to have a right state of mind whenever you trade. It requires traits like patience and discipline to reap benefits from trading. One has to be constantly on his toes and observe all the changes that may have a bearing on his trading activities.

Beginners Capital in New Traders Aug 26, 2019 at 05:54

Absolutely .a beginners focus in the beginning should be more on learning the basics of forex trading rather than anything else. Starting off with a demo account is the best way as he can familiarise himself with the trading platform , its features , how to buy and sell and avoid mistakes on a real account in future. Also, demo account is a great way to test your strategies . You can put your strategy to test and see if it requires some changes to achieve your financial goal. So use a demo account for as long as you want . Once you feel confident enough , you can use a real account and demo ac...

More is not always better. in General Aug 23, 2019 at 06:47

Yes ofcorse . More or less is not important to me . Its more about the right thing. I think wasting too much time on a PC only makes you procrastinate your trade. So the moment i find a good trading opportunity , i immediately place an order for the same. So it not about more time , its just about the right time.

What Are Your Golden Rules? in New Traders Aug 21, 2019 at 06:52

The most important thing is to be inquisitive and alert . So an intelligent ,alert mind coupled with some patience and lack of emotions while trading is my golden rule to trade.

Demo trading in New Traders Aug 20, 2019 at 03:47

Demo trading is a great way not just to practice trading initially but also to test strategies for a new trader. It allows new traders to gain familiarity of how he can trade on a demo account without any funds .he can see and use all the features here and even buy and sell. The only difference is that it is not real account trading. So, one can always test his strategies , see if they work or not and re build a new strategy in case it doesn’t work. It also helps traders to give up emotionless trading.

Support & Resistance. in General Aug 14, 2019 at 07:02

Both support and resistance are an important tool of technical analysis.Support prevents the price from falling further. It is a point on chart where the trader expects maximum demand in terms of buying. Whenever price falls to support level it is likely to bounce back. This level is always below the current market price. Resistance is opposite of support . It prevents the price from rising further. At this point on the chart traders expect maximum supply in terms of selling. This level is above the current market price. So the idea is to buy near support in up trends and sell / short sell nea...

Are you an expert when you win, a beginner if you lose? in General Aug 13, 2019 at 06:44

According to me making profit is not the only criteria to call one an expert . To be actually honest , i don’t think there is anything like an expert in forex trading due to the highly volatile nature and uncertainty of the forex markets. However , one can always try his best to reduce the chances of mistakes he commits while trading. For me missing out an opportunity of making larger profits is equivalent to a loss , even though i made some profit. So , it depends on trader to trader , his ability to take advantage of a situation and close good deals.

Making 15 to 20% profit every month !!! in New Traders Aug 12, 2019 at 07:27

Well , i believe making 15 – 20 % profit would depend on the type of trader his boss is . If he is an expert and has a good experience , then its believable . One thing that is sure is making this profit each day is hard to believe . He might be making it in a month or so .you need to question him and clarify your doubt and ask for some proofs before getting into something like this .

Revenge trading in General Aug 08, 2019 at 06:52

Revenge trading is when a trader suffers significant loss and in the expectation of wiping out loss , he jumps back to trading again . In this attempt , they will either add up to their losses or make significant money out of the new trades placed. Revenge trading is very risky as i once incurred a loss of 500$ and ended up losing 950$ by the end of the day out of this revenge feeling. So , i would really recommend traders to think thrice befo9re they do something like this. Traders should rather sit back and revisit their trading strategy to find where they went wrong instead of rushing up ...

Investing in Forex in General Aug 07, 2019 at 06:59

Forex trading can be a rocky highway to enormous losses for a new trader. What you need to do is spend real good time on research regarding various trading terms understanding all how’s and why’s . Forex trading can make your rich but its not a get rich quick scheme. Profits come to those only who put in a lot of time and effort in studying the markets,trends and price movements efficiently. It can also do exactly the opposite that is you may run into huge losses. So, what you get from trading in forex depends on your strategy, knowledge , experience and observation skills. You can...

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