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what kind of spreads do you look in a broker
in
Galvenais
Dec 16, 2020 at 17:27
Traders also should look tight spreads. During Volatile market spreads often become wider than usual.
Bonus is not that much important
in
Galvenais
Dec 14, 2020 at 11:41
Most of the broker offer non withdrawable bonus. It is kind of useless if you have big capital or use leverage.
Exit from a trade
in
Galvenais
Dec 14, 2020 at 11:40
I agree with you. Proper trading plan should contain both entry and exit condition of a trade.
Should anyone give up?
in
Galvenais
Dec 12, 2020 at 17:31
Only those who have patience can survive in the trading market. Many traders are quitting the market daily after losing money.
Leverage
in
Galvenais
Dec 12, 2020 at 17:29
It depends on what market you are trading. In crypto there are some restrictions on leverage issued by regulators.
Most people fail because
in
Galvenais
Dec 11, 2020 at 17:09
Right. Solid risk management strategy is essential to survive in the trading.
Leverage is useful or not ?
in
Galvenais
Dec 08, 2020 at 17:37
That’s right. Leverage exposes more risk. So, use it carefully. I recommend new trader to use small ratio of leverage.
Discipline is the most basic thing
in
Galvenais
Dec 08, 2020 at 17:36
I think Discipline is one of most essential aspects to make consistent profit in trading.
Strategy and Forex
in
Galvenais
Dec 03, 2020 at 13:50
Both technical and fundamental are important. I need to track news event to trade. It may affect your technical analysis.
What is your favorite leverage?
in
Galvenais
Dec 03, 2020 at 13:48
I think it is too low for small capital trader. But it safe. You cannot open multiple trade otherwise your trade will be closed due to margin.
It is the psychological aspects
in
Galvenais
Dec 01, 2020 at 13:55
The best way to deal with emotion is investing small capital and try to master your emotion.
Consistency is the brick
in
Galvenais
Dec 01, 2020 at 13:53
You are right. Consistent profit is key in trading. Trader need discipline and patience to make consistent profit.
Winning and losing
in
Galvenais
Nov 30, 2020 at 17:05
Trader have to accept fact that lose is natural in trading. Try to find the mistake from lose and overcome it.
The main reason of failure
in
Galvenais
Nov 30, 2020 at 16:55
I don't prefer auto trading. However, if you can build EA with your own trading strategy, it is ok.
Forex is not like gambling
in
Galvenais
Nov 30, 2020 at 14:19
Gambling is for short time success. You need skill and strategy for long time success.
The less complicated trading system
in
Galvenais
Nov 30, 2020 at 03:30
That's absolutely true. Many traders use only price action without any indicator and even achieve excellent results.
There are many risk factors
in
Galvenais
Nov 30, 2020 at 03:28
Risk management is essential in forex market. Stop loss is one of the risk management aspect which trader often neglect.
Importance of Stop Loss
in
Galvenais
Nov 29, 2020 at 07:44
I think stop loss is essential for all trader. Trading without SL is kind of suicide in trading. you may blow your account in time.
Trading time is very important
in
Galvenais
Nov 29, 2020 at 07:42
That’s right. Timing is important as you seek perfection in trading. That’s why disciple and patience are essential factor in this case.
Almost all methods give profit if
in
Galvenais
Nov 28, 2020 at 12:59
That’s true. Trading plan should include risk and money management. Trader often miss those.
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