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How to trade effectively in forex?
in
Jauni treideri
Feb 03, 2022 at 14:20
I think that there’s the only one way to trade effectively. It’s to trade everyday. To put that another way, you need to have enough practice. The more you trade the more effectively you do this. That’s a universal principle and it applies to anything. I don’t see any reasons why trading should be an exception.
Money Management
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Jauni treideri
Jan 28, 2022 at 14:18
I think that money management as crucial as forecasting the market. It’s believed that a trader shouldn’t risk more than 5% or 10% of his trading deposit. I think it could be reasonable if a trader has one depo, he’s not very experienced and he doesn’t have too much extra money. Experienced traders may adhere to other money management laws. This idea came to my mind recently. I think that he may have one or several depos for conservative trading where the rule mentioned above matters and he may have several extra accounts for risky trading where he can afford putting th...
Is trading for living possible?
in
Galvenais
Dec 15, 2021 at 20:11
Theoretically, it is possible to earn your living because of trading. However, that is not the simpliest task on earth, to put it mildly. First of all, you need to possess all the knowledge and skills which are necessary for making decent and consistent profits. Consistency is of utmost importance in trading, especially if you want it to become your main source of income. You need to plan your life and it is impossible to plan if you cannot predict your future returns from the market. More than that, consistency helps you evaluate your trading in a more or less objective way in order to make s...
Seprating 1 hour strategy and 4 hour strategy
in
Jauni treideri
Nov 12, 2021 at 12:36
Of course it's a good idea to seperate accounts where you are going to use various strategies for different timeframes. However, every trader decides by himself what is more convenient to him. For example, if you understand that you can trade on one account with several strategies on different timeframes, then you can do it. Moreover, H1 and H4 aren't so different. Well, if you would decide to scalp and invest on one account, then it would be much difficult for you to do it. So, anyway, it's great that you have such an idea.
How long it takes to learn
in
Galvenais
Oct 06, 2021 at 19:56
It takes all the time. Learning process should never stop. You have to adjust your trading strategy to the market all the time.
Not gambling
in
Galvenais
Aug 31, 2021 at 19:21
Forex gamblers are really weird people. I do understand gamblers in Las Vegas (at least they get free drinks), they have some fun (which I don't understand) and they end up with no money in their pockets. However, they still had fun. As for trading, I have no idea, how can one derive pleasure from following the charts for several hours in order to blow their budget.
importance of skills
in
Galvenais
Aug 11, 2021 at 19:05
There is a positive correlation between the level of the skills and success in trading. The more skills you have, the better your trading results are. I doubt that there are any successful traders who are completely ignorant of economic and trading aspects and who base their decisions on gut-feeling.
Fondex
in
Brokeri
Feb 14, 2021 at 00:54
When choosing a broker, I'm primarily guided by the platform. And I've read in many Fondex reviews the same thing. Because the platform is actually a trader's workplace. And a lot depends on how many features the platform has and how convenient the functionality is. I still haven't got the hang of MT4. I'm very annoyed by the clutter of elements that there are many panels and a lot of icons are hidden. They are hard to get used to. Moreover, not all functions are available on this platform.So when I tried cTrader from Fondex, I realized that this program suits me much bette...
Entries(SNIPER) and High reward entries
in
Pieredzējuši treideri
Dec 30, 2020 at 10:01
It's great that you share your experience. Because it can be yours - 1. motivation2. inspiration3. perspective4. and freedom of course!
Experiences with regulated firms
in
Jauni treideri
Dec 05, 2020 at 15:13
Regulation in this business is synonymous with security for me.And this is really important at a stage when you choose a company and strive for long-term stability.
Anyone know about TGIcapital？
in
Galvenais
Oct 26, 2020 at 09:25
Well, a lot depends on the order size and the available leverage range.After all, as we know, what is good for one trader can be a huge problem for another.
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