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Trading with borrowed money
일반
에서
Mar 25, 2021 at 13:59
Trading itself is the most risky business in the world. And when you are taking loan to trade, you are actually multiplying your risk. Trading should be done with idle money. Money that you can afford to lose. Yes you can trade with other's money on profit sharing basis. But for that first you have to prove your consistency in profit making.
Is trading for living possible?
일반
에서
Mar 25, 2021 at 13:59
Trading for living is possible. But for that first you have to be consistent in profit making. As trading requires investment, so you need good back up income. It's not like other business. Here you have to be skilled enough. The concept is it needs time, dedication, determination and good understanding to get the control of it.
Broker and regulations
일반
에서
Mar 25, 2021 at 12:59
Regulations of a broker is very important. Before selecting a broker everyone should check its regulation very careful. Non regulated broker can create problem. That's why it's wise to choose a good regulated broker.
Leverage
일반
에서
Mar 25, 2021 at 12:49
Leverage is very important in forex trading. With leverage a trader can manage more trades with minimal capital. It proposes you that with a little capital you can make larger profit. Leverage ends up being more perilous when we use big lot contrasted with capital. For my trading I use 300:1.
Fundamental analysis will always
일반
에서
Mar 23, 2021 at 13:37
Fundamental analysis will always help us determine which pairs that we want to trade with all the time. Fundamental analysis is the backbone of what will drive prices. We should keep up with it daily like reading nfp news or economic news for the currencies that we are trading with. Also, we must know technical analysis and know how to tread charts cause that is what we got to hep us trade so look at all charts with great diligence so you can gain more leverage over your trades.
When loss occurs
일반
에서
Mar 23, 2021 at 13:37
When loss occurs, we need to remain calm. Keep patient to wait next trading opportunity and open position when it comes. Not necessary to rush to recover back and trade though no opportunity appear. It will make traders to get further loss than able to recover previous loss.
Some of the traders who fail
일반
에서
Mar 23, 2021 at 13:36
Some of the traders who fail in here in the forex market is because they are not able to know where their weak point is. This thing will make them not to be able to discover what is the main cause of their losses. Every trader has his or her own weakness and better if the trader discover it quick.
Only a small percentage
일반
에서
Mar 20, 2021 at 12:18
It's true. For the long run only a small numbers of traders can survive in the market Others can not continue the trading as they end up losing money. It requires very good knowledge and mind control to be successful in trading.
Over-trading is a very harmful
일반
에서
Mar 20, 2021 at 12:15
Over-trading is one of the reasons people lose money in the market. It's the emotions. They can not control themselves from opening unnecessary trades. Every trader should work on it.
HEAD AND SHOULDERS
일반
에서
Mar 20, 2021 at 11:54
Correct market analysis is very important part of trading. After analysis we also need to determine our entry and exit point and entry criteria. Entry should be based on entry criteria.
Every pair has its own specific characteristics
일반
에서
Mar 20, 2021 at 11:53
Best pair is what you understand the most. Every pair has its own unique pattern whether we understand it or not. To find that we need to observe that pair for long time. I personally find GBPUSD comfortable. It doesn't mean you have to like it.
Don't watch market all the time
일반
에서
Mar 17, 2021 at 13:57
Don't watch market all the time. That's not trading that's addiction. You do not need to watch the market all the time. A total of 4 ot 5 hours is enough for trading. From the beginning one needs to develop all the good habits of trading.
When a trader is a newbie
일반
에서
Mar 17, 2021 at 12:03
Knowledge is the primary need for trading. Then you need to know the effective way to use your knowledge. As proverb says, Knowledge becomes weapon when applied effectively.
No system works all the time
일반
에서
Mar 17, 2021 at 11:57
To finding a good strategy we need to do a lot of trail and errors. But usually people do not give much time in a strategy. They think there must be something I don't know and they keep searching.
New Trader
일반
에서
Mar 17, 2021 at 11:55
Practice makes a man perfect. It's true. But we need to practice in a systematic way. In demo most people do random trading. But we should actually develop our system in demo.
Common mistakes
일반
에서
Mar 13, 2021 at 13:04
Most people believe that the more complicated a strategy the better it is. They get impressed by colorful charts and think wow this must be something awesome.
By gambling one can get
일반
에서
Mar 13, 2021 at 13:03
Discipline is the key to success in trading. Due to lack of discipline many good analysts lose money in the market. It's the hardest thing to achieve in trading.
Every newbie should practice
일반
에서
Mar 13, 2021 at 12:42
Newbie should avoid scalping as it can ruin their trading psychology. Most traders develop overtrading habit by doing scalping in their early trading life. Then they struggle to change that habit.
It has been said that
일반
에서
Mar 13, 2021 at 12:40
To be expert in the art of trading, there is no alternative to knowledge and skills. And it takes time to achieve it but most people do not try to understand this fact. They waste time looking for short cut.
In trading consistency is important
일반
에서
Mar 10, 2021 at 12:36
Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.
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