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Common Quality
in
Galvenais
Nov 20, 2020 at 05:24
Among all the successful traders discipline is the common quality they all have. It doesn't have any kind of effect which approach you utilize, you ought to be trained. If you don't have discipline no strategy can save you from losing money.
Money Management Tips
in
Galvenais
Nov 19, 2020 at 11:41
Every successful traders have their own money management policy. Without money management success in forex trading is not possible. No matter how big your capital is. It's all about being disciplined.
Does forex strategies usually work>
in
Galvenais
Nov 17, 2020 at 10:48
Strategy works but not every strategy works for everyone. What works for you, may not work for me. A trader needs to find a strategy that works for him. It takes a lot of time to test strategies.
Should anyone give up?
in
Galvenais
Nov 15, 2020 at 11:24
In trading, only those should not give up who has the willingness to learn and dedication for learning. Other than than anyone can give. Because there is no point to lose money by sticking to it.
Security of the funds
in
Galvenais
Nov 15, 2020 at 11:16
That's why we need regulated and licensed broker to trade. Trading with A broker without regulation is nothing but giving money to an unknown person. Every trader should be careful about it especially newbies.
Not that easy
in
Galvenais
Nov 14, 2020 at 12:03
If it was made easy, everyone would be rich. Online trading mechanism is designed in a such way that it requires deep knowledge and understanding of the market to make money here. There is no short cut way pf being profitable.
Fear of losing
in
Galvenais
Nov 14, 2020 at 11:59
Yes agree with you. Fear and greed are very dangerous in trading. Interestingly wheb it comes to forex trading, people become too much irrational. They want to make their account double, triple overnight.
There is no short cut way.
in
Galvenais
Nov 13, 2020 at 11:07
We can earn lot of money in short period of time in trading only if we are skilled enough. But if you think I will make my account double or triple in weeks or months, you are having a gambling mindset. Your destruction is just a matter of time.
Successful trading
in
Galvenais
Nov 13, 2020 at 11:01
Successful trading is the combination of so many things. First you need a professional mindset. Secondly you need a good strategy. You also need discipline, control over your mind, and a good plan.
Not gambling
in
Galvenais
Nov 10, 2020 at 12:01
Those here and there profit trades make them greedy. They keep doing random trading. They also keep unrealistic profit expectation. They don't have willingness to study and learn. Very few traders read books related trading.
Stop loss is a killer if
in
Galvenais
Nov 10, 2020 at 11:58
Yes I agree with you. Many traders put stop loss by counting pips. But that's not a good idea to place stop loss. To place stop loss we need to good knowledge about support and resistance.
A good strategy can
in
Galvenais
Nov 09, 2020 at 13:46
A good strategy is one of weapons of trading. It's a must but not everything. Along with a good strategy we also need to know how to use the strategy effectively without being affected by our emotions.
Online source of income
in
Galvenais
Nov 09, 2020 at 13:41
Yes forex can the online income source. But successful trading requires good knowledge and skills. Without being skilled making profit in trading is not possible. And it takes time to be skilled. There is no short cut here.
Forex trading is for expert people
in
Galvenais
Nov 06, 2020 at 12:52
Yes without being skilled it's not possible to make money here. It's very normal to lose many initially. A new trader should remember that it takes time to learn. There is no short cut for success in trading. They need passion for learning.
Stop loss is a part of risk management
in
Galvenais
Nov 06, 2020 at 12:50
Yes stop loss is important if we do short term trading. It's a part of risk management. Many newbies don't use stop loss and get margin call. Due to lack of knowledge they don't know how to use stop loss effectively.
Almost all methods give profit if
in
Galvenais
Nov 04, 2020 at 11:10
Almost all methods give profit if you follow the method properly. Most traders take impulsive decision while opening a trade even when they method doesn't allow them to open the trade. So controlling emotions is very important.
Stop loss is a killer if
in
Galvenais
Nov 04, 2020 at 11:10
Stop loss is a killer if you do not use it properly. You should risk reward ratio of your strategy. In ranging market it seems price comes back again. But if the market trend for long and if you against the trend you will eventually get the margin call.
Greed, the destruction
in
Galvenais
Nov 02, 2020 at 12:37
I do consider greed as one of the reasons for loss. Truth be told, the vast majority come into forex with an unreasonable greedy expectation of being rich by overnight. They put more emphasis on making profit than aptitudes. They overlook that the aptitudes will bring cash. You need good study and practice to wind up noticeably skilled.
Indicators are utilized
in
Galvenais
Nov 01, 2020 at 07:08
Indicators are utilized for technical analysis. All indicators are good if you know how to utilize it and when to utilize it. But All indicators are slacking. I have not found one that predicts the market perfectly. That's why you have to learn the market sentiment. You need to read the pulse of the market. Above all of indicators helps a lot despite being slacking.
Don't go against trend
in
Galvenais
Nov 01, 2020 at 06:35
It's a very common sense that if we go against trend and hold the trade for long, our account will get wiped out. In trading we need to do the common things seriously. Knowledge and skills can lead us to the understanding of the market.
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