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Psychology
in
Galvenais
Jul 15, 2022 at 00:04
Psychology trading jas high role for manual trading, as human nature they have emotion, sometimes faced something out from expectation then leads to become emotion, without good and proper control emotion, bad psychology tradng can messed up good trading plan.
Why are some traders successful?
in
Galvenais
Jul 13, 2022 at 00:11
Experience is the best teacher, successful traders can learn well and broaden their knowledge about forex, never give up. All results depending the traders and how they can learn well or not, when experienced traders lack in discipline, will so hard to generate the stable result.
Money Management Tips
in
Galvenais
Jul 11, 2022 at 23:52
Almost expert traders they suggested to limited the risk on every plan trading not more than 2%, this will gives more opportunity to try again, and this is need to keep discipline to implemented trading system and risk management, when trader already having strong psychology they can implemented plan trading accordingly.
Free sources of professional Forex education
in
Galvenais
Jul 10, 2022 at 23:59
Yes, for first learning, get education from Babypips or ebook forex is rewally helpoful to get insight about forex, however to start in forex trading journey, as trader need to practice and self experience will giving more valuabvle lesson, and we also can take lesson from fellow traders experience.
Demo Trading Advantages
in
Galvenais
Jul 07, 2022 at 23:50
Demo account is useful for traders especially newcomer in forex trading business, because they can explore trading skill with practice using demo account, but of course there are many difference trading on demo account and on life trading account mainly about psychology trading, number of capital etc, if not yet ready in demo account hence more fatal mistake on real account, so prepare use demo account to learn well how to manage money in forex market.
Does emotion harm?
in
Galvenais
Jul 06, 2022 at 23:56
Trading need strong mental to accept the fact, here traders must realized if tey cannot control the market, but they should able to drive the market, it will become the best friend to make profit when trader already able to drive the market, even price up and down, their emotion keep strong and remain calm.
Does emotion harm?
in
Galvenais
Jul 05, 2022 at 00:25
Although as human nature they have emotion, but wihout p[roper control emotion in trading, just like to suicide, because market forex is cruel, no mercy when trader make their own mistake, market will become our friends if we can ride the trend, but also need equipment like money management and risk management.
Demo Trading Advantages
in
Galvenais
Jul 04, 2022 at 00:04
Due to many trader fail less than six month it is good to practice demo more than six month as early preparation, we can take lesson from another trader experience, for step to learn trading, when already finding good trading system, trading is fun.
There is no short cut
in
Galvenais
Jul 01, 2022 at 00:55
There are no shortcut success in many field, forex trading is risky business, how to become success in trading, trader need good knowledge and expeirience, however may some types investor ttrader prefer to looking way to invest like as investing money in PAMM account investment by looking expert manager fund, it possible investor get profit without trading by their own selves.
Is Forex risky?
in
Galvenais
Jun 29, 2022 at 00:09
Tipically forex trading is risky, however the risk will depending upon each trader, how they can manage money in forex market, trading high risk possible to getting high gain, but on other side, the risk to losing also increase, trading with less risky if trader already have good knowledge and experience, they can manage account properly based trading strategy, money management and risk management.
The fear of losing opportunity
in
Galvenais
Jun 27, 2022 at 00:49
Fear of missing out is something that often happen to traders mainly for those who are weak in psychological trading, they know and realize that fear of missing out like as disease and often leads to failure but they cannot control emotion and keep repeating the same mistake over and over again, how to overcome this mistake as a trader needs to strong psychology.
The Benefits of Using RSI in Forex
in
Galvenais
Jun 24, 2022 at 01:01
RSI included a simple indicator to use and easy, here we can combine trading strategy using RSI and another trading tool like Moving average or Bollinger band as trend following indicator, RSI level can be used as filter analysis to determine overbought and oversold zone level as a possibility become zone reversal, but how to make accurate overbought and oversold as reversal need attention to candlestick pattern too.
Is Forex risky?
in
Galvenais
Jun 23, 2022 at 00:04
Forex trading is risky here based on some statistics more than 69% of traders or investor losing money in CFD market, here required good skills to become profitable traders, the profit today not guaranteed will get the same result for tomorrow, the market forex very dynamic and trader need to work based plan trading
Can you borrow money from the bank to trade forex?
in
Galvenais
Jun 22, 2022 at 02:02
Forex trading is risky, better invest money in forex always remember to golden rules investing money in a high-risk business, just spent money that affords to lose, although you can borrow money from the bank, invest in forex too much risky, in addition, when you face margin call account and losing entirely money, double stress will be.I think better if you have a main job and treat forex as a part-time business, so in trading more enjoy and not pursue a target, which in trading needs to make rational target to achieve the goal.
Trading for the long-term
in
Galvenais
Jun 21, 2022 at 00:09
Long-term trading must get support from a reliable broker, when a trader working on a long-term trading plan, some point maybe need to become considered is including swap fee or rollover fee, spread trading strategy, funds and more
Most people fail because
in
Galvenais
Jun 17, 2022 at 00:29
Many people joined in forex with the hope to making a profit from trading, but not all traders will get the same result in trading, all depending each trader's skill and how good they can understand the nmarket behavior to adjusted trading strategy, the most trader fail in trading means this is no easy job, the only skilled trader will survive and knowledgeable.
What makes one a Professional Trader?
in
Galvenais
Jun 16, 2022 at 00:03
A professional trader usually already manage huge funds in forex trading accounts and able to increasing portfolio investment, some of them may be become manager funds in forex brokers or banks, and all decisions they made are always created with very strict rules,
Money Management Tips
in
Galvenais
Jun 15, 2022 at 00:25
Money management is a key point in every trading strategy, although traders have good trading tools, in practice, if they don't use proper money management, hence usually will face failure, three-point in trading are good trading strategy, money management, and psychological trading.
Demo Trading Advantages
in
Galvenais
Jun 14, 2022 at 00:14
Demo accounts remain necessary for traders, no matter beginner or experienced traders sometimes demo accounts are useful to make backtest trading strategies before implementing in real trading, mainly for beginners, practice in the demo account will giving understanding of how to manage an account in forex trading, but drawbacks on a demo account is not involved emotion.
Gold broker recommendations
in
Galvenais
Jun 12, 2022 at 23:51
Gold trading is a big challenge because high volatility market, choose a broker with a low spread is matters for the benefits of trading, in addition when we already profitable, the withdrawal process must be smoothly processed.
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