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willtradr
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willtradr
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Emotion in Forex trading
in
General
Jul 15, 2019 at 09:42
• There are times when stock markets test your nerves so decisions should be governed by logic and not emotions. • There is a lot of uncertainty in trading so one should try to make sound decisions based on some research by reading,scanning the news etc. • However it is not completely bad to involve emotions as you are investing large amount of funds but one should learn to balance them.
What do forex brokers rely on to make money?
in
General
Jul 13, 2019 at 05:43
Forex Brokers earn money through various sources like : • They charge commission or fees,some of them hidden too per trade or spread. • Payment Processing commission- Online brokers deduct this fees only when you deposit or withdraw money. • Leverage- So many brokers offer high leverage. For example 1:100 leverage,it multiplies your trading volume but with this a broker can probably make a commission by widening the spreads or trades.
High Leverage
in
General
Jul 12, 2019 at 08:15
High leverage is like a double edged sword. Professional traders value the high leverage because it allows them to trade large positions i.e. (more contracts or shares etc) with less trading capital. Indeed it is beneficial because higher the leverage,higher the profit but potential losses would also be that much.
Forex is profitable ?
in
General
Jul 11, 2019 at 11:19
Indeed, Forex trading is profitable but newbies can learn everything about the market first and then start the trading process. Initially many traders lose because of lack of knowledge/accurate plan and unrealistic expectations but patience and practice by creating demo accounts is the key.
Demo trading
in
New Traders
Jul 11, 2019 at 07:10
• Demo account is a really nice and significant option to start with. To learn the basics and observe one can open these demo accounts for like 2 or 3 or 5 months. There are experienced traders who still open their demo accounts just to try new methods. • They are provided by many trading platforms to test the platform’s reliability before customers actually invest their money to these investments.
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