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Scalping is a trading method
in
Galvenais
Feb 26, 2021 at 14:00
Scalping is a trading method that brings profit instantly. Due to getting profit in a short time by and large traders in particularly the newcomers are extremely dependable on this trading approach. But this trading policy doesn’t allow many trading platforms practically.
Leverage is among the things
in
Galvenais
Feb 26, 2021 at 13:59
Leverage is among the things that made forex trading very unique because leverage makes one to have chances of making good amount of profits even with small amout of capital,so leverage is good but as well as risky cause the higher the leverage the higher the risk.
Both fundamental and technical
in
Galvenais
Feb 25, 2021 at 12:45
Both fundamental and technical analysis have their own advantages. Fundamental analysis enables a trader to understand the primary trend of a currency pair or a stock. On the other hand technical analysis enables a trader to pinpoint entry and exit. The greatest advantage of technical analysis is that it is the sum of hope, fear and greed of all the market participants.
Simple is the best
in
Galvenais
Feb 25, 2021 at 12:44
The important part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.
Demo is a big opportunity
in
Galvenais
Feb 25, 2021 at 12:37
Demo account is always the right place which the trader need to start if you dont have demo account download one from the broker which you chose to trade with and this will give you the desire amount of income which you really need forex is a risky business but we need to try and work hard just to get that level of knowledge here and be able to trade without headache.
Choosing a pair
in
Galvenais
Feb 25, 2021 at 12:33
Choosing a pair is one of important part in trading. every pair have different movement form and to study a pair maybe will consume a lot of time. so a trader should not jump to another pair when they still not understand the habit of previous pair.
Never try this
in
Galvenais
Feb 22, 2021 at 12:31
Never try to assume what others are doing. It makes us competitive and as a result we try to accomplish more than our capabilities. It entirely depends on your trading skills and many other things. Be realistic in your expectations. Do trading according to your strength. And yes if you are skilled you can make good return of investment.
People come into trading
in
Galvenais
Feb 22, 2021 at 12:30
Trading is not possible by taking suggestion from some random guy. A pair doesn't always remain in the range or in the trend. And finding the starting point of a trend is the most difficult task. A pair ranging till today may start the trend in next few days. So it has no concrete answer. If you want to be a trader, you have to learn how to adjust with the changing market.
Broker support is important
in
Galvenais
Feb 21, 2021 at 12:24
Brokers support is very much important to make sure success in this volatile trading place. So, we the traders have to be more careful when choosing a broker. Because there are almost thousands online broker are available in this retail market place and most of them are found to be scams.
If you want to get success
in
Galvenais
Feb 21, 2021 at 12:24
If you want to get success from this trading place first of all you have to make certain the reliable support from a credible trading broker which always ensures security of funds at any kinds of investments with a wide range of trading technologies. Because the broker can affect the result of our trading with certainly.
Making consistent money
in
Galvenais
Feb 21, 2021 at 11:59
For making profit with consistency we the traders have to depend on our trading strategies that we select according to our trading experience, for creating a successful trading strategy we have to make first of all the proper money management policy , otherwise that’s not possible at all to make profit despite of good trading approach .
Is math important for trading?
in
Galvenais
Feb 21, 2021 at 11:59
Getting a good education about Forex is very necessary and important. If you have good knowledge about trading forex you can be a successful trader. There are many places are available on the internet where you can get good learning material and can start your forex career after getting good knowledge.
For trading discipline is a must
in
Galvenais
Feb 17, 2021 at 11:42
There is no alternative to discipline. All successful traders has one is common which is they all are well disciplined in their trading. If you want to to be successful, you have to be discipline.
Forex not fully risk free
in
Galvenais
Feb 17, 2021 at 11:40
Yes forex is one of the riskiest business in the world. If we don't follow proper risk management, it becomes riskier. This is what most newbies do. I would suggest them to follow proper risk management.
The get rich analogy
in
Galvenais
Feb 16, 2021 at 07:49
The get rich analogy is true for all traders and not just the noobs throwing their hard earned money into the ring in hopes of getting lucky. Yes, trading successfully requires skill but it is going to take a lot of grunt work to get there. There's no easy shortcuts, so would advise the noobs to review some of the old threads, stickies and other edu resources and move on from there..
Confidence is very important
in
Galvenais
Feb 16, 2021 at 07:48
One of the other major mistake is over leverage and over confidence. A newbie can blow up after having hundreds of winning trades and but one disaster trade. Also, lot of newbies have tendency to fight with forex market instead of trading the market like smart money do. They have no chance of wining the fight.
To learn the art of trading
in
Galvenais
Feb 16, 2021 at 07:29
To learn the art of trading, one needs to spend enough time and dedication. Most newbie are not willing to learn deeply. They run for short cut which is not an ideal to be skilled. It takes time to be skilled. Accept this truth and go forward. Best of luck with learning.
Making consistent money
in
Galvenais
Feb 16, 2021 at 07:28
Without spending a long time it is not possible at all to lead a healthy trading life with certainly, because the success in this market is related with long term process. But practically mostly traders in particularly the newcomers try to make success very rapidly and fall a great loss when trading practically.
When a trader uses small
in
Galvenais
Feb 15, 2021 at 12:20
When a trader uses small capital then it is very hard to manage the account and survive because we eventually need some good margin so that even when the market shows any retracement, we don't get caught up by margin call. So its always advisable not to use low investment.
Unnecessary trade
in
Galvenais
Feb 15, 2021 at 12:18
Loss is inevitable in forex trading but you shouldn't feel dejected like you have said,if you get dejected every time you loose,then it would come to a certain time that you would not want to invest in forex again but if you carry on and you don't let your loss to weigh you down,I am sure you will be able to trade many more.
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