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using leverage
in
Galvenais
Sep 04, 2021 at 13:52
@Akasuki I agree with you. Without leverage we won't be able to trade anymore. Leverage gives us the power to open trade with small capital.
Forex is not like gambling
in
Galvenais
Sep 04, 2021 at 13:49
@Akasuki yes you are right. Trading is not like gambling. But some people make it like gambling. They trade without any rules.
Demo can not make you well experienced
in
Galvenais
Sep 04, 2021 at 06:08
@Unellene Yes demo helps us to understand how trading work. It is also the place to apply your knowledge that you have learned so far.
Forex is Hobby ?
in
Galvenais
Sep 04, 2021 at 06:05
@Sarjohn Yes we can not take forex as hobby. It is not a game to play. Here money is involed. You have to be serious in dealing with money.
Indicators are useless
in
Galvenais
Sep 04, 2021 at 05:56
@Tradextol People depend on indicators because that's how they been taught forex trading. They do not try to do anything new to improve their skills.
Control your greed.
in
Galvenais
Sep 04, 2021 at 05:54
Yes there is no alternative to systematic approach in forex trading. We can make consistent profit by following random approach. That's why we need to have good understanding of the market.
Choosing a pair
in
Galvenais
Aug 31, 2021 at 10:08
You have to take time to understand a pair. Every pair has its own certain movement pattern. Without spending time on it you can not find them out.
importance of skills
in
Galvenais
Aug 31, 2021 at 10:05
@Unellene Yes luck can work for once, or twice many be one more time but it does not work all the time.. You need necessary skills and knowledge.
To make a good trading plan
in
Galvenais
Aug 31, 2021 at 09:43
@CraigMcG2020 yes they think they will open trade and it will make them profit. It does not need any skills and experience. That is the sad part of forex market.
No alternative to learning
in
Galvenais
Aug 31, 2021 at 07:14
@Williamfreed Yes you are absolutely right. Emotional attachment is very bad for trading. It leads a trader to take a wrong decision.
Best trade
in
Galvenais
Aug 28, 2021 at 16:21
Best trade is that works according to your plan. To open a trade you should have specific plans to execute. Without plan we should not trade.
What is the trading psychology for you?
in
Galvenais
Aug 28, 2021 at 15:36
@NihadMunif Yes it is the most important thing in forex trading. Without proper trading psychology, it is not possible to make money on consistent basis.
To make a good trading plan
in
Galvenais
Aug 28, 2021 at 15:34
@bridgekarate Yes newbie should spend time on developing knowledge and trading skills. Planning is a later part of trading.
Forex is Hobby ?
in
Galvenais
Aug 28, 2021 at 15:22
You can forex trading as hobby but it will not going to help you. Forex trading needs good understanding of the market. Otherwise you will lose all the money.
Forex is Hobby ?
in
Galvenais
Aug 28, 2021 at 15:21
You can forex trading as hobby but it will not going to help you. Forex trading needs good understanding of the market. Otherwise you will lose all the money.
importance of skills
in
Galvenais
Aug 26, 2021 at 12:49
@BalPaper Yes I agree with you. Skills, experience and knowledge should be in harmony. Along with this, a trader's profit expectation should match with his skills and experience.
90% are loser ..why ?
in
Jauni treideri
Aug 22, 2021 at 12:59
@croisssan Yes learning from the mistakes is the great way of learning. But people do not want to learn from their mistakes. Even they do not think deeply about their mistakes.
Is demo trading enough before real account?
in
Jauni treideri
Aug 22, 2021 at 12:54
@lucie_fxtrader Demo trading is good before entering into live trading. But demo trading should be done by following specific strategy and risk management policy.
Trading is all about your comfort
in
Galvenais
Aug 18, 2021 at 12:27
@Thetafyn Yes it is. Because every person is different psychologically. What works for you, may not work for me. As our thinking might not be the same.
Leverage is useful or not ?
in
Galvenais
Aug 18, 2021 at 12:15
Leverage is useful if you know how to use it. In fact, without leverage it's possible to trade forex for small investor. It is because of the leverage we can open good size lot. To open a .05 lot, you would need 5000$ cash.
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