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Fundamental stuff
일반
에서
Dec 23, 2020 at 10:54
According to my point of view fundamental analysis is also important like technical analysis. It is a way of looking at the forex market by analyzing economic, social, and political forces that may affect currency prices. Without fundamental analysis it’s hard to analyze market sentiments.
Importance of demo trading
신규 트레이더
에서
Dec 22, 2020 at 07:28
Demo trading can be used for learning new things even after trading on live account or after making profit. Trading on a demo account makes you familiar with the platform and helps in testing new strategies without risking the real money.
In trading everyone should have some rules
일반
에서
Dec 22, 2020 at 07:26
Yes, in trading everyone should have some rules and their own strategies in order to have regular gains. One should follow their rules and strategy and take decisions accordingly. Following these rules manages your emotions and discipline.
Most people become unrealistic
일반
에서
Dec 22, 2020 at 07:25
Yes, most people become unrealistic when it comes to forex trading this is because people think it is a short cut to earn money without any knowledge and skill but don’t think about the risk associated with it.
Luck is important
일반
에서
Dec 22, 2020 at 07:24
Luck is not important in trading, you can’t earn profit just depending on your luck only. U need to have a good trading plan, good strategy and proper skill and knowledge as well as practical experience in order to trade and minimize losses.
Fundamental and technical
일반
에서
Dec 17, 2020 at 11:15
the combination of both is required to get the maximum from the trades. You the technical to decide entry and exit point and fundamental to check the market movements.
What is your trading strategy ?
신규 트레이더
에서
Dec 17, 2020 at 11:12
My trading strategy is to earn profit regularly. I never stick to one strategy, sometimes I trade using higher timeframes and sometimes using lower time frames sometimes I prefer scalping but the main goal is avoid significant losses.
Trading in lower timeframes
일반
에서
Dec 15, 2020 at 06:42
Lower time frames are specifically used for short term trades like intra day trading, scalping etc. Lower time frames generally help you to confirm the on going trend that you observe in higher time frames. Along with it, you a trader uses them to ascertain their entry and exit points.
Consistency is the brick
일반
에서
Dec 15, 2020 at 06:35
Totally agreed with this statement being consistent will help you develop your skills effectively and develop good risk management in order to have good profit and minimum loss.
Post Why should you as a trader pay attention to interest rates?
신규 트레이더
에서
Dec 11, 2020 at 10:55
When there is a rate hike, the currency will appreciate, which means that traders will buy. And when there is a cut, traders will sell and buy currencies with higher interest rates. Once a trader has determined the market movement, it is crucial to place the trade carefully
Demo can not make you well experienced
일반
에서
Dec 10, 2020 at 04:12
There are a couple of points which need to be taken care of when you are trading on demo. 1. Demo Helps you to practice basics. 2. Demo lets your learn without the fear of losing3. Execution time in demo is much better in comparison to live (be it any broker, the execution time in live and demo will always vary.) If you trade on demo with the above mentioned points in your mind, you will realize that one can clearly not call themselves a good trader and gain 100% confidence on live trading. Firstly, in the live account your capital is always at risk so you would need to be very careful and pla...
How true is High leverage = High risk?
신규 트레이더
에서
Dec 09, 2020 at 07:22
I think high leverage will put your capital in high risk. 1:500 should be maximum for all although different brokers are offering different leverage but ultimately profit making in forex depends on your skills only.
Acquiring knowledge is basic
일반
에서
Dec 08, 2020 at 07:19
Yes, I totally agree with this. In order to trade for the long term and earn profit, acquiring knowledge is important in forex . You need to research a lot and find out which strategy is suitable for you. Don’t start trading without basic knowledge otherwise you will end with losing money.
Forex Amount
일반
에서
Dec 07, 2020 at 09:41
Forex is a very vast and complex field. Spending 6 months on a demo account does not guarantee that you won’t have losses in the future. Regular practice and learning is quite important. When you for a long time you automatically understand your trading strategy and start to gain profit. As far as money is concerned, do trade with positive emotions because sometimes emotions interrupt your decision and you land with making losses. Initially start with a small amount and after getting experience increase the amount in order to make large profit.
what kind of spreads do you look in a broker
일반
에서
Dec 07, 2020 at 09:39
I always like pure ECN spreads starting from 0.0 pips with pure market execution and no re - quotes.
To manage risk reward ratio
일반
에서
Dec 04, 2020 at 05:02
The risk/reward ratio is used to assess the profit potential (reward) of a trade relative to its potential loss (risk). Both the risk and reward of a trade are based on boundaries that the trader sets. Risk is most common in the forex market and to manage risk to reward ratio you need good knowledge about trading.
Expert Advisor...good for beginners?
신규 트레이더
에서
Dec 04, 2020 at 04:58
For a newbie one should first learn at least the basics of forex and understand technical and fundamental analysis before they start using an EA. I think using EAs from the very beginning will create more problem than help because It takes time to understand it
Choosing the Right Broker
일반
에서
Dec 04, 2020 at 04:57
Finding the right broker is the most difficult task in this market. There are so many fake brokers in this market. Due to which many traders had lost their money. You have to be very careful at the time of choosing the right broker. You can take help from the websites that provide broker reviews. Take enough time to choose the right, reliable and safe broker because a large part of your trading success depends on it.
Impulse Trading and How to Avoid It
신규 트레이더
에서
Dec 01, 2020 at 05:36
First of all a trader should be patient always, impulsive trading will lead to loss always. Set a proper goal, plan according to it. Choose a fix time, set a fix entry and exit time according to your strategy. It will reduce your impulsiveness and screen time also.
The less complicated trading system
일반
에서
Nov 30, 2020 at 04:24
There is no rule like, more complicated the strategy more the profits. Its funny if people think that way. 😀 In fact, using complicated strategies results in a lot of confusion which further leads to losses. Its better to keep a strategy simple and grab in all the meat. 😈
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