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MuffinZest

Joined Sep 21, 2022

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Systems by MuffinZest

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When a trader is a newbie

Thousands of new traders join the forex market every month, but only a small percentage of trades manage to survive. Why? The cause of their failure is their lack of discipline & skills. As a newbie, you lack understanding of the market. To develop that, you need practice and learning. This...

9328

Sep 29, 2022 at 09:54

Most people fail because

As a new trader, you should know why traders fail so that you don’t make the same mistakes. The main cause of their failure is lack of knowledge and psychology. Because of this, about 90-95% fail. Forex requires commitment and an open-mind to learning and consistency. Many new traders only com...

8084

Sep 28, 2022 at 11:25

Is a demo account really neccassary?

There is no compulsion. But why do you want to enter into a market which you don’t know the ins and outs of ? A successful trader has a profitable strategy in hand. As a newbie, if you fail to have it, the market is going to give you a hard time. Demo trading is helpful to come up with a pro...

12054

Sep 28, 2022 at 11:24

Have a plan and stick to it

Whether you are learning or trading, you can’t achieve your goals without a plan. Therefore, before taking risks, plan everything. A good planner knows when to enter a trade and exit a trader. This comes with practice. Hence, do not avoid demo trading.

6149

Sep 27, 2022 at 06:00

Diffrence between real & demo trading

As a newbie, you might hear about these terms a lot. Both of them provide a platform to trade. However, there is a difference b/w the two. When you are demo trading, you are trading in an environment that looks exactly like the real market, but it is not. Here, you trade with virtual money so that y...

6505

Sep 26, 2022 at 10:39

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