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What makes one a Professional Trader?
一般
の中
Mar 29, 2022 at 06:55
There are two types of traders in forex world, one is professional trader and another is part time trader. To be a professional trader, you have to invest your full time in trading. On the other hand, part time traders don’t invest their full time in trading and they have other earning sources beside Forex trading.
Demo Trading Advantages
一般
の中
Mar 26, 2022 at 08:05
Demo trading has innumerable number of advantages. Ranging from new traders to professional traders, everyone prefer demo trading. It helps in skill development and strategy measurement. Gathering trading experience becomes easier with the touch of demo account. So, I prefer demo trading the most.
Be productive
一般
の中
Mar 26, 2022 at 07:58
Producibility depends on ability and ability depends on skill. Traders should search for every possible options to earn knowledge. They won’t see the face of success as long as they don’t be able to develop skill. So, every skilled trader is productive and shiny future for them is awaiting.
What do you learned while trading?
一般
の中
Mar 23, 2022 at 16:03
Well learning is a continuous process, there nothing like ending point of learning! On the other hand, now I know the real scenario of avoiding the stop loss trading tool! And I always use SL & TP during my live trading actions!
Forex trading offers high leverage
一般
の中
Mar 23, 2022 at 16:02
Yeah, high trading leverage facility is such an available option right now! But, it’s not the suitable way to follow with! If you try to gamble here by using the high trading leverage, then very soon you’ll face the MC!
The fear of losing opportunity
一般
の中
Mar 23, 2022 at 05:42
Forex is a business full of opportunities so a trader should not repent even if he loses one opportunity because another opportunity will soon come to him. Every time traders should keep developing themselves and you might know how much essential learning is. Examining and testing of different strategies are essential for a trader.
How much money can I expect to make from trading?
一般
の中
Mar 23, 2022 at 05:36
Profit amount cannot be guessed because market situation changes over time. Sometimes market remains unstable and traders should remain abstain from trading during the unstable market situation. Because such a situation carries a high degree of risk to traders. Much caution and market knowledge is essential in that time.
Loss
一般
の中
Mar 19, 2022 at 07:34
Loss is a very common affair in not only Forex but also in other businesses. To trade Forex passionately, you have to embrace losses. But, don’t let those losses de-motivate you. Rather keep your attempt running and don’t change your trading style frequently because it is harmful.
Forex is not like gambling
一般
の中
Mar 19, 2022 at 07:26
Forex is how you are using it for. If you like to gamble, it’s up to you because you can do this. But, if you are here for professional trading, you can also do that. There are several other strategies like scalping, long time trading, hedging etc. So sketch out your own strategy before getting into trading.
Can forex trading make you rich ?
一般
の中
Mar 06, 2022 at 07:19
Yes, Forex can make you rich not immediately but definitely. To reach this milestone, you should wait and keep trading with patience. Learn how to analyze the market properly both technically and fundamentally. The reason is both analyses should be there to capture the actual market trend.
Very tough business.
一般
の中
Mar 06, 2022 at 07:14
Forex isn’t actually tough. You don’t have sufficient knowledge and that’s why Forex seemed tough to you. If it seems so to you, I suggest you to read e-books, articles about Forex, using demo account as a practice grounds and other possible means that distribute knowledge. If you fail to learn alone, go to a trainer.
Forex trading offers high leverage
一般
の中
Mar 05, 2022 at 06:11
Leverage trading comes with certain degree of risk. Some traders willingly accept this risk but some others are averse to taking this risk. Though leverage, a broker allows you to take more risk than your invested amount. Some brokers allow you with high leverage facility whereas some others allow you with the moderate amount. Personally, I prefer avoiding high leverage.
How much Important of Leverage for Trading
一般
の中
Mar 05, 2022 at 06:06
Even though leverage carries certain amount of risk to a trader, it’s a facility provided by a broker. Though leverage, a broker allows you to take more risk than your invested amount. Some brokers allow you with high leverage facility whereas some others allow you with the moderate amount.
7 Benefits of using stoplosses
一般
の中
Mar 04, 2022 at 06:53
Avoiding using SL is all about foolishness of a trader because it bears a high degree of losses for them. A sl is usually set according to support and resistance level. Forex is a highly volatile and unpredictable market. So, a SL guards against any loss due to the sudden reverse jump of the market.
When a trader is a newbie
一般
の中
Mar 04, 2022 at 06:42
Newbie refers to those traders who newly joined trading. With the growing popularity of Forex, traders around the globe are joining Forex in bulk. Forex offers a untoward weather for newbies but they need more time to adjust to the environment of Forex. However, some can survive here whereas some others can’t.
Is trading hard?
一般
の中
Mar 03, 2022 at 07:42
Forex is not hard rather we make it hard. We are averse to go ahead following a particular way rather we make additions to our strategies that make things complex for us. We have to be focused on acquiring more and more knowledge for the sake of us.
Making consistent money
一般
の中
Mar 03, 2022 at 07:34
Consistent money earning is a bit challenging but only those who are expert can make so. Fundamental and technical analysis should be in the root level to catch the market trend. A good entry can carry a good amount of profit for a trader, on the other hand, a bad entry can destroy a trader.
Money Management Systems.
一般
の中
Mar 02, 2022 at 09:32
It’s beyond imaginable being in the space of forex trading with a proper money management plan. Lowering leverage, selecting proper lot size are some of the techniques of money management. Improper implementation of money management policy leads to a misdistribution of profit.
To shine in forex
一般
の中
Mar 02, 2022 at 09:24
Drawing a roadmap according to one’s free thought in Forex is really difficult because Forex changes the horizon of one’s destination. However the complex trading style makes anyone puzzle here. So, to shine from Forex, a trader should learn more and more and have to apply those earned knowledge on demo account.
Read This Before Investing.
一般
の中
Mar 01, 2022 at 14:50
The summary: always try to learn 1st! There is no way to make money here in trading without proper trading knowledge! In addition, try to follow a restricted money management plan, don’t behave like an aggressive Forex traders!
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