FXOday ' s Posts - lapu 20

profits in forex trading in Galvenais Jun 09, 2021 at 23:46

Yes, it is not easy, but possible, learn from good trader maybe will help to make sharp trading skill, because skill matter in forex to making profit also need supported broker, regulated and low spread broker is more preferable

How long it takes to learn in Galvenais Jun 08, 2021 at 23:30

Yes learn forex is a never-ending process because the forex market always changes over time, it's very dynamic and as a trader need to always follow the updated market to get new current position trades and take action if needed, profit and loss is a common thing in forex but learning is a never-ending process, and about choosing the broker is also important

Most people fail because in Galvenais Jun 07, 2021 at 23:52

Fore market very dynamic, this is full uncertainty, add more your emotion, when trading emotion really involved and make trader being scared greedy, anxiety, etc, without good emotion control, one loss trading can mess up overall plan trading because desired to revenge or recovery losing trade in short time

How long it takes to be profitable in Galvenais Jun 06, 2021 at 23:18

It's not a short time, but required a long time to learn, and also depending on how good our skill, because each human born with own talent, if you are born and talented to become an expert forex trader hence only need shorter time instead of untalented people, long time experience in forex trading does not guarantee will always make a profit.

Trading with borrowed money in Galvenais Jun 03, 2021 at 23:42

Trading with borrowed money is not advisable, because trading is risky, it possible make double stress if trading get failchoosing leverage also need to pay attention to, low leverage safer than high leverage it can prevent from over trading or greedy.

Fear of losing in Galvenais Jun 02, 2021 at 23:34

Yes it's normal, human they will be tested by little fear, hunger, lack of wealth, soul, and fruitbut forex trading needs patience, loss is part of trading but needs to control the risk

Should anyone give up? in Galvenais Jun 01, 2021 at 23:36

I think as human need to flexible, maybe not all trader suitable with forex and they have no idea to continue forex, but they should not give up, looking another business maybe that suits your passion will giving better result, forex trading is risky, this not all people suits, if want to make money through forex but you don't like it, it will difficult, like as you want to have a couple, but you don't love your couple, how they will keep a relationship?

deposit bonus in Galvenais Jun 01, 2021 at 00:33

Usually, deposit bonus has certain rules, or maybe the broker offer big amount no deposit bonus more than thousands dollar, but hidden rules, so if trader not reading the rules, they can enter in the trap, the rules may be to eligible withdraw money need deposit amount the profit and trading on certain lot size, etc.

Forex market offers great opportunity in Galvenais May 30, 2021 at 23:36

Best income for the skilled trader, because on negative edge, trader losing money in the forex marketChoosing a broker I think important, I use FXOpen because offer low spread and available market for forex, crypto, commodities, shares, and indices

Most traders don't get success in Galvenais May 27, 2021 at 23:19

Because this reason forex called a high-risk high gain business, in success story we will read many traders that able to make big money from trading and look like very easy but in the fail story, an opposite story like as losing big money in forex then try to suicide, bankruptcy because forex has many debt in the bank etc,

Emotional Trading in Galvenais May 26, 2021 at 22:42

Trader need to control emotion because they can't control the market, its impossible retail trader can control the market, so if they can't control own emotion, hence the market will easily to beat us, greedy is one most bad emotion for a trader that leading to get in failure, if one loss already making us emotion stop trading and wait for next day opportunity.

Forex is an investment business in Galvenais May 25, 2021 at 23:59

Forex included in speculative investment, this is required good knowledge and experience to making quality trading, because forex also as risky business, trading forex is not only about profit but also considering with loss as part in trading that sometimes inevitable, and looking good profitable trading system is not simple task here, need more practice nad never give up.

Leverage in Galvenais May 24, 2021 at 20:39

Leverage giving advantage and disadvantage too, the advantage leverage is we can open order with smallest margin requirement than actual contract size, in simple analogy, we can buy the good with value 10000 only wth money 1000, it will make a double profit if-then price arises, but losing money if price decline.

Confidence is very important in Galvenais May 23, 2021 at 23:20

Demo account like as first stage to exercise, but still good for training skills, it will depend on each trader how to treat the demo, if seriously I think it worth, and help, much in real trading which this is like an as real battle, which already involved all things, psychology, strategy, risk and money management.

Don't watch market all the time in Galvenais May 20, 2021 at 23:19

If always in front of the screen and monitoring the market, usually will be tempted by price movement, it can lead to change early plan to trade because of anxiety, but I think will depend on each trader psychology, if has strong psychology although always in front of the screen but keep discipline with trading rules.

Money and skills in Galvenais May 19, 2021 at 23:31

Yes, both have correlation, without money skill will useless because how to start trading need money as capital, but if have money still possible to make money although no skill trading, the one way s looking best account manager like as PAMM or copy trading, but the problem is how to find a profitable manager or leader copy trading.

Emotional Trading in Galvenais May 18, 2021 at 22:32

Every time emotion master the minds, usually decision that made based on revenge, and resulted in bad trading plan, never pay attention with the risk anymore and relying on the luck, emotion is like as the source of disasters in forex trading, but sometimes trader felt so hard to avoid emotion, maybe because this is human nature, all have emotion, the difference is how to control minds

Signals are profitable? in Galvenais May 18, 2021 at 00:00

I don't know, I can rely on signal trading in my daily trading activity, I realize if not always able to make a profit, but so far still enjoy my own trading strategy, this is like an art game, we can use and adopted strategy trading and try it, sometimes do something like as hobby although need sacrifice but as long make a fun, it's happy, just like people hobby to fishing, although they go the center river because fun then not scared, sometimes withdraw money sometimes margin call, its forex trading not always giving a stable profit.

Emotional Trading in Galvenais May 16, 2021 at 22:41

Emotion will never make a good trading setup because all decision only based on emotion, like in angry, sometimes can make any people do act very worst and scaring, trading forex needs more high patience and avoid emotion, choose intraday trading style may reduce emotion rather than use scalping trading strategies.

Losses are a part of trading in Galvenais May 13, 2021 at 23:07

Yes, sometimes loss inevitable, but actually we can control the risk based on a risk management plan, stop loss is one feature in forex trading to manage the risk, the loss is something that not expected because this is not a goal trader due to the main goal is to make money with money, forex trading need money to make money and special skill to make business being profitable. choosing a broker is an important to step for traders.

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