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Willowerno
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Willowerno
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What Are Your Golden Rules?
신규 트레이더
에서
Mar 04, 2022 at 04:25
The only golden rule I follow is to take a break when trading starts giving me stress that I can’t control. Not every market situation is worth taking a chance with and that’s why I like to stay away from it whenever I can.
You need sound mind
일반
에서
Mar 04, 2022 at 03:57
A trader should have a sound mind in order to make right trading decisions. Any kind of emotional imbalance can hamper the trading decision and may lead to losses.
Choosing the Right Broker
일반
에서
Mar 02, 2022 at 09:57
While choosing a forex broker, I look for their deposit requirements, trading cost and also funding methods. Leaning towards crypto forex brokers like finprotrading these days, btc deposits/withdrawals are a bliss!
Luck is important
일반
에서
Feb 28, 2022 at 04:42
Market is risky and difficult to predict but that does not mean that only luck of a trader makes him successful. The hard work of a trader is equally or more important in getting the success.
Money Management Systems.
일반
에서
Feb 22, 2022 at 05:12
Money management allows a trader to be in the game for longer. Since money management strategy focuses on preserving the funds, it helps traders to protect their account from wiping off.
scalping easy ?
신규 트레이더
에서
Feb 17, 2022 at 07:13
@Nakedize True, Scalping is indeed very risky. But if the trader has the right trading skills and has a strong trading and risk management plan he can really be very profitable.
money manage and leverage
신규 트레이더
에서
Feb 09, 2022 at 03:58
Labelled as a double-edged knife, leverage is a financial instrument that enables the traders to borrow capital for gaining exposure and to maximise profits. It is very important for traders to strategise, minimise and effectively manage leverage as well as risks associated with it as highly leverage trades often lead to depleting trading accounts and liquidation.
Which pair do you use?
신규 트레이더
에서
Feb 08, 2022 at 06:55
My favourite currency pair to trade is EUR/USD as it is highly liquid. Representing two biggest economies, it can easily be predicted and followed to a certain extent.
Diffrence between real & demo trading
신규 트레이더
에서
Feb 04, 2022 at 06:19
A demo account is useful for getting the hang of the forex trading platform and creating trading strategies. Practicing on a demo account will also help you gain confidence, which will prevent you from committing silly mistakes that could translate into big losses.
hi. I'm new to forex trading.
신규 트레이더
에서
Feb 04, 2022 at 06:00
Forex trading is full of opportunities, but the opportunities come with several risks as well, which most traders fail to acknowledge. If you are new to forex trading, then you should take every step with great caution. Don’t risk more than 2% of your total capital and implement risk management strategies to minimize losses in case of an unfavorable trade.
Any 500 to 1 leverage brokers left?
일반
에서
Feb 02, 2022 at 05:01
There are many brokers who offer 500:1 leverage, such as FinproTrading, EagleFx, Sagefx and Paxforex. I have personally used finprotrading out of the list, quite happy with them.
To shine in forex
일반
에서
Jan 31, 2022 at 06:08
In order to shine in the field of forex trading, make sure to come fully prepared. Find the right trading strategy and backtest it on the demo account.
Loss
일반
에서
Jan 28, 2022 at 07:04
Every trade you place will have two outcomes, profit or loss. Many traders keep trading normally despite having a streak of losses due to a simple reason. They implement smart risk management strategies, which help avoid heavy losses along with safeguarding capital.
WHO trades forex for more than 10 years and keeps making regular profits
숙련된 트레이더
에서
Jan 27, 2022 at 05:52
@S PALMER Making profits since 2012, that’s incredible! Would you mind sharing the trading techniques you’ve implemented to get consistent profits?
How much Important of Leverage for Trading
일반
에서
Jan 27, 2022 at 04:34
I agree with you, having too many open positions while using leverage can be disastrous. It is pivotal to choose the right lot size and risk management when using high leverage, otherwise, go for small.
Forex is not scam
일반
에서
Jan 25, 2022 at 05:33
Forex is a trading marketplace where we make or lose money only because of our poor decisions. No doubt the market is full of fraudsters who are waiting to make money by fooling us but that doesn’t make forex a scam. If you approach it carefully, you can earn good rewards.
Indicators are useless
일반
에서
Jan 03, 2022 at 06:01
If you are expecting indicators to give you accurate buy or sell signals then you’ll definitely find them useless because no indicator is precise. However, if you look at it as a helping hand then you can get a lot out of it. Just don’t use too many indicators, try to be better at interpreting one or two indicators.
Forex market is an unpredictable
일반
에서
Jan 03, 2022 at 04:49
Given that the market is unpredictable, you should work on creating a trading plan. There’s an old saying in the market, “one who fails to plan is the one who plans to fail ” and I can agree with this statement from my heart and soul. It’s hard to make decisions when the market takes turns in seconds. Therefore, it’s always advisable to keep a trading plan up your sleeves and make decisions accordingly.
Forex Broker Recommendations?
신규 트레이더
에서
Dec 30, 2021 at 05:02
I am using 2 brokers currently (eaglefx,finprotrading) and I would recommend both of them, spreads are low, and they are good on the customer support front too.
COPY TRADE
일반
에서
Dec 27, 2021 at 04:58
Copy trading is an effective method if you are only focussed on earning some extra money without any long term goal in mind. However, if you want to adopt forex trading for a lifetime then it’s necessary to take the front seat and learn through hit and trial methods. If blowing up your bank account is the main concern stopping you from this then you can start with a small account but remember that copying others won’t take you far.
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