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Money Management Tips
in
Galvenais
Jul 24, 2021 at 11:11
@CakeMoss Money management tells you how much money you should should to open a trade. Risk management tells you how you can manage your risk in trading.
News trading is very tempting
in
Galvenais
Jul 24, 2021 at 10:47
@Akasuki Yes it is not good to do news trading especially for newbies. News trading need very good fundamental knowledge.
how to become a forex market conqueror
in
Galvenais
Jul 21, 2021 at 14:36
To win forex market, you have to be good knowledgeable and expert. You also have to be psychologically expert.
scalping anyone??
in
Galvenais
Jul 21, 2021 at 14:30
@LukeRachel Yes you are right. Scalping requires good skills and experience. It is not for novice. It is not for them who is not good psychologically.
Signals are profitable?
in
Galvenais
Jul 07, 2021 at 06:17
No signals are not profitable. If it were profitable for the long term, everyone would be rich. But it did not happen. So the results tell us it is not possible.
Fear makes you
in
Galvenais
Jul 07, 2021 at 06:13
@Akasuki People do not give importance on fear of missing any movement. But many people make mistakes due to this. They open trade early or too late due to fear of missing a trade.
By trading we can make
in
Galvenais
Jul 07, 2021 at 04:14
@SteveHanks Along with knowledge, we need to know how to apply the knowledge effectively. Knowledge is the key when applied properly.
Only a small percentage
in
Galvenais
Jul 07, 2021 at 04:12
@Pezza Yes success does not come overnight in forex trading. It takes years of study and systematic practice to get success in trading.
Broker and regulations
in
Galvenais
Jul 07, 2021 at 04:06
In unregulated broker, they may freeze your money without showing you any reason. They also create fake candles. We should pick up good regulated broker.
Every pair has its own specific characteristics
in
Galvenais
Jul 07, 2021 at 04:03
@Akasuki Yes you are right. Once someone told me to watch only one or two pair. I choose one and start observing that pair a lot. I waw surprised by the result. Now I only trade 1/2 pairs.
Security of the funds
in
Galvenais
Jul 06, 2021 at 14:04
@LyudmilLukanov Yes there is no alternative to regulated broker. There are many unregulated brokers out there online. Everyone should choose very carefully.
Forex trading offers high leverage
in
Galvenais
Jul 06, 2021 at 14:01
@Ebin High leverage is not good for trading especially not for newbie. High leverage makes the trading more risky.
Having a mentor
in
Galvenais
Jul 05, 2021 at 12:51
Having a mentor is great. But finding a good mentor is not easy. Most of the online mentors are not actually a good mentor. It is better if you find anyone offline.
Why stop loss order are important and tips ?
in
Galvenais
Jul 05, 2021 at 12:08
@DaiwanHicks Mental stop loss is okay if you watch the charts very often but those who are not able to watch the market, they need to use stop loss.
About news trading
in
Galvenais
Jul 05, 2021 at 12:05
News trading seems exciting. But it is not easy to predict the move. It happens so quick. Novice traders do news trading due to the fear of missing a movement.
Money management is an integral
in
Galvenais
Jul 05, 2021 at 11:35
@thespreader That is a good approach to manage risk. Learning from the past mistakes is the best learning. Those who do not take lesson from past mistakes can not do well.
importance of skills
in
Galvenais
Jul 05, 2021 at 11:30
@gradking Yes skills are the most important thing in any business. It is more true in forex trading. Without skills making money is not possible.
We should not think
in
Galvenais
Jul 04, 2021 at 11:06
@marioharmon Setting unrealistic profit goal in trading is a common phenomenon. It seems people lost their common sense when they come to forex trading.
Trading in lower timeframes
in
Galvenais
Jul 04, 2021 at 11:04
@SteveHanks It is not quite tough rather it is impossible to survive in the market without proper knowledge and skills.
Best robot for Mt4
in
Galvenais
Jul 04, 2021 at 10:56
There is nothing like best robot. A robot does not work all the time. It works for a limited period of time. Better to focus on developing skills.
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