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Basic mistake we make
in
Galvenais
Mar 23, 2022 at 09:29
Exactly, most people do focus on the money aspect. But unfortunately as people focus on this, this is why most people fail.
Is trading for living possible?
in
Galvenais
Jan 11, 2022 at 13:50
Yes it is possible, but trading for a living is hard. Make sure you have savings before you do this, otherwise you will be trading to make a living and put pressure on yourself.
Loss
in
Galvenais
Jan 11, 2022 at 13:50
Manage risk > stick to the plan > focus on win rate or RR and you'll be successful long term.
HEAD AND SHOULDERS
in
Galvenais
Jan 11, 2022 at 13:49
Haven't traded this since my retail trading days, but the concept is once a H&S formation is formed, a re-test of the neckline and reversal.
Basic mistake we make
in
Galvenais
Jan 11, 2022 at 13:48
One of the biggest mistakes for sure. I focus on risk/reward.
Forex Amount
in
Galvenais
Jan 11, 2022 at 13:48
It can take any amount of time to be honest. You need to develop a strategy first, which could take months/years.
Gold broker recommendations
in
Galvenais
Jan 11, 2022 at 13:47
Quite a few out there, have a look at the review section of this site and find out which one is best for you. Also, set up a demo and test out.
Choosing a new broker
in
Galvenais
Jan 11, 2022 at 13:47
I look for a broker that offers a wide range of markets and ideally offer same day pay outs.
Money and skills
in
Galvenais
Jan 11, 2022 at 13:46
You can have all the money in the world, if you can't trade or don't have a strategy - you will lose money. So trade demo until confident.
The fear of losing opportunity
in
Galvenais
Jan 11, 2022 at 13:46
FOMO/Fear of losing is up there with the worst mind sets when trading.
Trading is not just about
in
Galvenais
Jan 11, 2022 at 13:45
Psychology is one of the biggest aspects of trading.
Greed is dangerous
in
Galvenais
Jan 11, 2022 at 13:45
One of the worst traits to have - I'm sure everybody goes through this at some point though.
There is no short cut
in
Galvenais
Jan 11, 2022 at 13:45
For sure, it's took me years to become profitable. That's why 90+% of traders lose money. and give up.
EagleFX
in
Brokeri
Oct 30, 2021 at 12:24
Used this broker for quite a while now (2 years or so) and I've never had any problems.A big plus is that they offer same day withdrawals (not a lot of brokers offer this) and they have lots of markets to trade, you can even trade Crypto on a weekend.When I first signed up, I had lots of questions and the customer service team were on hand, helped me out and answered any questions.
Hugo's Way
in
Brokeri
Oct 12, 2021 at 06:03
Been with this broker for a few years now. Never had a problem with them. I was looking for a new broker at the time that offered Crypto markets 24/7 and they didn't disappoint.Withdrawals are always on time as well (usually same day). Better than a lot of brokers out there.
Common mistakes
in
Galvenais
Mar 16, 2021 at 15:32
Yep, all common mistakes unfortunately!
The demo account is the master
in
Galvenais
Mar 16, 2021 at 15:31
Yep demo is the best place to start. But the real emotions start when trade live.
Pure ECN broker
in
Galvenais
Mar 16, 2021 at 15:31
I use ICMarkets at the minute
Both fundamental and technical
in
Galvenais
Mar 16, 2021 at 15:17
I mainly rely on technical rather than fundementals personally.
In trading consistency is important
in
Galvenais
Mar 16, 2021 at 15:13
I agree, consistency is everything long term.
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