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Forex market offers great opportunity
in
Galvenais
Aug 06, 2022 at 08:37
As long as you have the knowledge necessary to make wise choices, forex trading is an engaging and highly lucrative form of trading.
There is no short cut
in
Galvenais
Aug 03, 2022 at 11:59
There is no shortcut to Forex. With experience and consistent practice as well as good knowledge. Traders can get a hang of Forex market.
Forex is not like gambling
in
Galvenais
Aug 03, 2022 at 11:48
It is a gamble if you choose unreliable brokers.
Psychology
in
Galvenais
Aug 02, 2022 at 12:25
The fear of losing money and making mistakes is one of the biggest obstacles for every trader. Regrettably, taking risks that could lead to losses is inevitable when trading. A crucial psychological technique that will aid traders in succeeding is maintaining discipline.
Fundamental works 100%
in
Galvenais
Aug 02, 2022 at 12:23
Fundamental Analysis helps to keep an eye on the release of economic data with the goal of trading the news. Since volatility can increase right after significant releases but I prefer to use sound risk management strategies.
long-term trading
in
Galvenais
Aug 02, 2022 at 12:22
One advantage of long-term traders is that they experience less market stress than other traders.
What makes one a Professional Trader?
in
Galvenais
Jun 18, 2022 at 05:06
A professional forex trader, in my opinion, requires years of experience and is stimulated by well-defined strategies that produce consistent returns.
Ready made strategy doesn't
in
Galvenais
Jun 18, 2022 at 05:05
In forex trading, preplanned strategies rarely work. It is an unpredictable market that necessitates quick decision-making based on a thorough understanding of the market's factors.
Most people become unrealistic
in
Galvenais
Jun 17, 2022 at 12:03
It is unrealistic to expect instant success in Forex trading. With only a few months of study and practice, you cannot expect to become a highly skilled and successful trader. Before you begin live trading, you must first learn the fundamentals, develop your strategy, test it, and practise it with a demo account.
There is a proverb that practice
in
Galvenais
May 07, 2022 at 10:31
“Markets go up the stairs and down the elevator.”"Practice without improvement is meaningless.
Strategy-based trading
in
Galvenais
May 04, 2022 at 05:33
The forex market is highly unanticipated thus one should opt for strategy-based trading. For example using price action strategy which is accurate most of the time and also trend based is a good one to consider.
Indicators are useful but
in
Galvenais
May 04, 2022 at 05:31
Forex indicators are important trading tools in analysing market data and prices. Though indicators are highly useful but totally depend on the trader and how it utilizes them when trading in the forex market.
Keep your innovation running
in
Galvenais
May 04, 2022 at 05:30
Using innovative strategies during trading is valuable if it brings good results. As the forex market is highly volatile, traders have to come up with different tactics in order to earn profits which can be achieved with careful market analysis.
Mind or Machine? What’s Better For Forex Trading?
in
Galvenais
May 02, 2022 at 12:10
I would say both are incredibly important in forex. With the right mindset, the right decisions can be taken. With the right technology, we can make the right trading strategies.
Basic mistake we make
in
Galvenais
May 02, 2022 at 12:09
The basic blunder most beginners make is to start trading right away with little knowledge about forex. Which is not the right way! Firstly be persistent with a demo account practice and keep learning about the different trading indicators and market news.
Consistency is the brick
in
Galvenais
Apr 29, 2022 at 12:34
In any case, I agree, that consistency in profits builds confidence in the trading. With consistency, I have been able to properly analyze the market and charting tools.
What makes one a Professional Trader?
in
Galvenais
Apr 29, 2022 at 12:29
I would say the amount of time put in for learning, and acquiring the skills makes you a professional trader. Also, discipline with respectfully accepting the outcomes from trading in forex is an add on to your trading skill.
Demo Trading Advantages
in
Galvenais
Apr 28, 2022 at 11:27
I would say demo accounts can offer new traders some benefits as they can become familiar with trading software and feel how the market works.
Can forex trading make you rich ?
in
Galvenais
Apr 28, 2022 at 11:25
Yes, you can make a living from forex trading. Earning well from forex totally depends upon your trading style and the strategies you use. One needs to be consistent with good skills.
You need sound mind
in
Galvenais
Apr 27, 2022 at 06:48
I agree! Emotions simply can't get in the way. Forex cannot be anticipated and losses are common while trading. Calm yourself and have a healthy mind while trading for that you can try meditation and proper sleep hours.
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