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Is trading hard?
in
Galvenais
Apr 08, 2022 at 06:01
There are many traders to whom trading is really difficult. They should arm themselves with knowledge. Education helps a person learn newly things that drive a person to innovate new and effective strategies that work on market. They should mark their mistakes and then solve them.
Any 500 to 1 leverage brokers left?
in
Galvenais
Apr 08, 2022 at 05:57
Leverage is a very special facility provided by a broker. It is such a facility that helps a trader take risk beyond his capital limit. Because traders know that the higher the risk is, the higher the return is. However, I don’t like leverage trading because my risk management strategy impedes me to do this.
Broker
in
Galvenais
Apr 07, 2022 at 06:45
A broker allows traders with numerous facilities necessary for trading, for example- high leverage, trading spread, trading platform, providing different technical tools etc. Security is the most demanded thing provided by a broker. ECN, STP, and Market maker are three types of brokers.
Very tough business.
in
Galvenais
Apr 07, 2022 at 06:30
Every business that distributes large sum of money is tough. Analysis is the most complex work where maximum traders suffer much. In technical analysis, all technical tools are used, on the other hand, outside aspects and geopolitical conditions are considered in fundamental analysis.
How much Important of Leverage for Trading
in
Galvenais
Mar 30, 2022 at 11:26
Leverage is a very important advantage provided by a broker. Leverage allows a trader to expand his trading lot size beyond the capital. But bear one thing in mind that the higher the leverage is, the higher the lot size is. Your profit will proportionately increase depending on your lot size.
Choosing the Right Broker
in
Galvenais
Mar 30, 2022 at 11:20
Brokers work as an intermediary between market and traders. A scam broker will turn your life into a hell. So, avoid scam brokers and go for a regulated broker which provides high security of your fund. Security is a major issue when you have a large amount of capital. So, select your broker carefully and save your fund.
What Geopolitical Risk Really Means to Your Trading
in
Galvenais
Mar 29, 2022 at 06:15
Traders should nurture the tendency of fundamental analysis to catch the market trend nicely and accurately because technical analysis can’t help a trader the way fundamental analysis can. So, traders should develop the mindset of making fundamental analysis over the market.
5 Things I have learned in 5 years of trading!
in
Galvenais
Mar 29, 2022 at 06:08
Forex trading doesn’t only require trading skill rather it also requires some good human qualities like patience, perseverance and determination. When both are combined, trading success becomes easier for a trader. So, traders should devote to achieving success as early as possible.
Forex is not like gambling
in
Galvenais
Mar 26, 2022 at 07:05
Forex is not gambling but those who gamble here, Forex is a gambling for them. Greed is the worst human nature that leads a person to gambling. People can hardly benefit from gambling because it’s an illusion. So, come to real time leaving gambling.
When a trader is a newbie
in
Galvenais
Mar 26, 2022 at 07:00
Forex seems unfamiliar to newbie traders. They take years to understand Forex but hardly can. It means the approach they understake is faulty. A trader should develop himself step by step and every mistake is a lesson for him.
How to start forex trading? Read These Best Tips!
in
Galvenais
Mar 23, 2022 at 07:32
Start your trading journey with demo account because demo trading will help you know how to use tools in a platform. It will give you a basic conception about trading. Then you have consider aspects of technical and fundamental analysis because these two types of analysis are vital for determining the market trend. Your first investment should be small.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
in
Galvenais
Mar 23, 2022 at 07:26
Meta trader 4 is my favorite trading platform even though meta trader 5 is more advanced than mt4. I understand the platform very well and I have been using it for long. To me, analyzing the market on mt5 is one of the toughest job because I am not that familiar with the platform.
How much should you invest in trading
in
Galvenais
Mar 22, 2022 at 16:00
Well, if you are new face here; don’t invest your money! Invest your time in demo, on the other hand if you have a good demo trading experience then invest your money (according to your current situation) and go slowly! Don’t try to make quick money here by avoiding the rule of money management!
Very tough business.
in
Galvenais
Mar 22, 2022 at 15:57
Of course, it is! There is no way to take this money making opportunity as lightly! Forex is all about trader’s trading skill & experience! Here more than 95% traders are strugglers; so new traders need to learn first before their earning attempts!
What Geopolitical Risk Really Means to Your Trading
in
Galvenais
Mar 19, 2022 at 06:35
The global economic policy, interest ratem political unrest play a vital role in the movement of the market. Those who are fundamental analysts take these issues under consideration. Generally, for making a better signal, technical analysis should be accompanied by fundamental analysis indeed.
Very tough business.
in
Galvenais
Mar 19, 2022 at 06:29
Toughness remains as long as you think it tough. Trading is simple but traders make it complex. A friendly strategy should be developed that helps a trader in earning a better profit on average. If a trader is unable to make such a strategy, then he should seek help from professional traders.
Basic mistake we make
in
Galvenais
Mar 19, 2022 at 06:27
A forex traders is infected with several basic mistakes that he or she needs to get rid of. Using absurd leverage and news trading without proper market analysis are two of those, which are frequently seen among traders committing. A trader cannot do well in trading until he comes out of such mistakes.
Does forex strategies usually work>
in
Galvenais
Mar 06, 2022 at 06:29
How will a strategy work well if it is not an efficient one? Experienced traders develop a strategy based on their experience and after making that strategy; they run some tests to prove that strategy. I like to trade using a moving average strategy because I found good result with it.
Small investment
in
Galvenais
Mar 06, 2022 at 06:22
Small or big investment isn’t a big deal rather knowledge has the power. Lack of knowledge can turn a big capital into a small capital within a very time. On the other hand, high knowledge can help turn a small investment into a giant one. So, enrich your trading knowledge by all possible means.
Gambling type of forex games? Is that true?
in
Galvenais
Mar 05, 2022 at 07:37
There are many traders who take Forex as a gambling game. But to others, the defination of Forex is really something different. Like you can’t say scalping is a gambling. There are innumerable number of traders who prefer scalping and they are carrying handsome amount of profit through scalping. To them, Forex is a reward.
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