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Newcomers and their greediness
신규 트레이더
에서
Jan 07, 2022 at 05:13
When you join forex, number one rule should be to learn sincerely that greed can eat up all your profits which you have earned with hardwork.
Most traders are impatient
일반
에서
Mar 11, 2021 at 12:19
Demos are very useful, if they are boring, then you are doing it wrong.
It has been said that
일반
에서
Mar 11, 2021 at 12:15
Practice definitely made me get better with trading so I will say that this is very true.
When a trader is a newbie
일반
에서
Mar 11, 2021 at 12:14
When you are a beginner, you do not know where to start, so it is better if you can start gaining knowledge by following some courses (make sure it is free) and learn as much as you can so that you will be able to gain better understanding in future
Knowldge is important
신규 트레이더
에서
Feb 23, 2021 at 10:27
One of the most important steps rather. No goals can be achieved if the base is only not strong and knowledge and learning is what frames a strong base in forex market.
zero spread brokers needed
일반
에서
Feb 23, 2021 at 10:26
I would suggest you to search for reliable trading conditions overall, rather than just zero spreads. Brokers who claim to offer zero spreads are going to make up for that in one or the other way (higher commissions being one of them), which indirectly will bring you back to the same position. Check brokers like fxview, pepperstone, hotforex, all are good.
Forex not fully risk free
일반
에서
Feb 23, 2021 at 10:25
Forex definitely comes with huge risks and there's no one who can have success in forex without a good risk management strategy. We must plan on how we are going to minimise our risks before we enter into any trade, else losses can be severe.
Is Cysec regulation/authority reliable in terms of financial distress?
일반
에서
Dec 24, 2020 at 12:39
If you're around EU then fxview, if ASIC is your suit then pepperstone is good. For trading platforms they have metatrader like most of the forex brokers, so you can go either for mt4 or mt5 whatever you like, metatrader is quite easy to use.
Newcomers and their greediness
신규 트레이더
에서
Dec 10, 2020 at 06:12
Even experienced traders fall prey to greed at times, it is such an emotion. One has to have good control over oneself, so that no money is lost due to greediness and over trading.
How to trade effectively in forex?
신규 트레이더
에서
Dec 10, 2020 at 06:11
Agreed, both emotions and greed can pull back a trader equally. Working on these is too important in forex.
Is Cysec regulation/authority reliable in terms of financial distress?
일반
에서
Dec 10, 2020 at 06:09
No doubt Cysec license is good but it doesn’t mean all cysec regulated brokers are good. You’ll need to test if their trading conditions fit your range. Plus, normally known brokers have multiple licenses, commonly in hand with FCA for UK or ASIC for Australia. My advice is to select some brokers of your choice, test with the list of your checklist and decide to proportionate the accounts with brokers. I’ve also diversified my funds with pepperstone, hfx, IG and fxview. Just give your efforts and you’ll be good to go.
Most people fail because
일반
에서
Dec 10, 2020 at 06:07
Lack of discipline, proper strategy and knowledge. Main factors responsible for a trader's failure.
Most people fail because
일반
에서
Oct 23, 2020 at 06:41
Lack of knowledge is one major reason. Also impractical goals can lead one to losses.
Stop Loss
일반
에서
Oct 23, 2020 at 06:39
Stop loss is good to limit losses, but at the end it depends on your strategy too, whether you should use SL or not.
Adjusting!
일반
에서
Jun 03, 2020 at 12:35
That's right! Study is very important.
How to choose a regulated forex broker?
일반
에서
Jun 03, 2020 at 12:34
For brokers, I seek three things: regulations, trading conditions and pricing. I don't see any point to trade with brokers if these three things does not meet. I have opened some accounts over years and have split the funds to few brokers, not to mention I'm still very open to competitive broker be it old or new. Currently my main accounts in order including pepperstone, hotforex, IG, fxview. It's possible to find good broker for yourself if you're good in online research, and try to avoid following popular suggestion, my piece of advice.
losses and fear.
일반
에서
Jun 03, 2020 at 12:32
Every beginner has fear, but too much of fear is not good for trading according to me.
Adjusting!
일반
에서
May 15, 2020 at 07:09
I agree on that. Correctly predicting about this market isn't possible all the times; all we can do it manage with what the market brings for us and strategise accordingly. Our plan and strategy is what makes us successful/unsuccessful in different market situations.
Beginners Greed
일반
에서
May 15, 2020 at 07:07
Well not all do that. Rather majority quits trading if they incur a lot of losses.
Really? Long term is worth the wait?
일반
에서
May 15, 2020 at 07:05
True! Patience is very important for an investor.
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