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Can you borrow money from the bank to trade forex?
일반
에서
Jun 16, 2022 at 10:04
I don’t think I will ever take a loan to trade or recommend anyone to do that knowing that trading is a risky job and there is no guarantee that you will be able to make money from your trades. You must take risks with only that money that you can afford to lose. By taking a loan, you will be going beyond your risk appetite.
How long does it take one to be consistently profitable with forex trading
신규 트레이더
에서
Jun 16, 2022 at 10:04
If you are just starting out, it might take you anywhere from six months to an entire year before you start seeing a profit. But, there is no specific time period that can guarantee to give you results.
Patience is best tool to get success
신규 트레이더
에서
Jun 15, 2022 at 05:32
Forex trading is not a short-term investment. Success can only be achieved if you have patience and a strong understanding. It's easy to get greedy and end up with a big loss if you don't have patience. Trading foreign currencies requires a significant investment of time.
Free sources of professional Forex education
일반
에서
Jun 14, 2022 at 09:33
Online resources are a student's best teacher in today's technological age. With the aid of the internet and other modern tools, you have access to virtually any knowledge you desire. There are many free learning resources available on the internet. There are online trading courses that can be opted by a beginner or a trader wishing to learn about a specific concept.
Mind or Machine? What’s Better For Forex Trading?
일반
에서
Jun 14, 2022 at 09:32
There's no substitute for the human mind. No machine can produce a genius mind, but all outstanding machines are the result of genius minds. However, although machines are beneficial, they will never be able to fully replace a human mind.
Fundamental works 100%
일반
에서
Jun 13, 2022 at 10:43
I agree. Fundamental works. But together with technical analysis, the outcome can be improved.
Money Management Tips
일반
에서
Jun 10, 2022 at 08:29
Once you learn how to use your money properly while trading, you cut your risks to half. Your goal must be to trade for the longest time you can and so, you must keep your money safe for as long as you can.
Most people become unrealistic
일반
에서
Jun 10, 2022 at 08:25
I must say that scams are doing a great job. They are alluring new traders into believing how easily they can get through trading and make some good money. Such traders often become unrealistic because who doesn’t want to make money?
Learning Forex Trading
신규 트레이더
에서
Jun 10, 2022 at 08:24
You can learn how to trade forex. Forex trading is a high-risk, high-reward endeavour. Lots of information is available on the internet. It's there for you to use. However, as you know, real knowledge is gained through practice. For this, you should open a demo account and practice more. Demo accounts allow you to learn without putting any of your own money at risk.
Which pairs are your least favorite to trade? And why?
신규 트레이더
에서
Jun 09, 2022 at 06:10
Anyone new to forex trading will find the EUR/USD pair to be the most straightforward. That it's simple and liquid is a plus. In my opinion, novice traders should start out by trading simple currency pairs.
Demo can not make you well experienced
일반
에서
Jun 08, 2022 at 11:14
A demo account can prepare you for the type of loss you may come across but you may still not be able to experience the real deal until you trade live. It is obvious a demo account is a great practice field to test different strategies until you get into the grind. Therefore, you must switch to live only if you are really confident and can deal with loss with patience and grace.
The fear of losing opportunity
일반
에서
Jun 08, 2022 at 11:14
While the risk factors continue to strain the mindset of traders frequently, the fear of losing out on opportunities rests. It has become a common rising fear in newbies, too. Restlessness leads to impulsive decision making skills and increase in obtaining loss. To pick the right opportunity, traders must be alert and stay updated with the news and events in the marketplace. They should know when to enter a trade or exit.
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