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Fear makes you
in
Galvenais
Dec 07, 2021 at 15:54
@Akasuki Yes fear is really an dangerous emotions. It will not let anyone think logically. Most traders can't make money just because of fear and greed.
How long it takes to learn
in
Galvenais
Dec 07, 2021 at 15:52
Learning time varies person to person. Not everyone has same understanding ability. Every person is different when it comes to learning. Some are good at some subject some are in other subjects. So there is no specific time frame.
Part time trading
in
Galvenais
Dec 07, 2021 at 15:48
Anyone can do part time trading but for that one has to be skilled and experienced. Without proper knowledge and skills it's not possible to make money in Forex market.
Stop Loss Importance
in
Galvenais
Dec 05, 2021 at 17:19
Yes if you are a scalper or short term trader stop loss is very important. Otherwise in volatile market it would be difficult to trade. But if you can make consistent money without using SL, you can do it.
METHOD OR DISCIPLINE?
in
Galvenais
Dec 05, 2021 at 17:12
Both methods and discipline are important. They are interrelated. You need both to be successful to Forex trading. Without a good strategy and discipline, it's not possible to make money.
Is forex trading really worth it?
in
Galvenais
Dec 05, 2021 at 17:10
Forex trading is getting popular day by day. You can make money by trading foreign currency. It can be a good source of income if you can learn the art of trading. To acquire the knowledge and skills you need to study a lot.
Revenge trading
in
Galvenais
Dec 05, 2021 at 17:09
Most new traders lose money because of their revenge trading. If they lose a trade, they get restless to recover it. As a result they open more trades without proper set up .
Some of the traders who fail
in
Galvenais
Dec 02, 2021 at 13:12
@HeavLeighGill26 Yes a trading journal can help to find out our mistakes we made in trading. A good trader always try to avoid same mistkes again and again. And a bad trader never learns.
New traders love scalping
in
Galvenais
Dec 02, 2021 at 12:56
New traders should not focus on scalping. It's not ideal for them. Scalping needs good understanding of market movement and a solid mindset that can control emotions.
Time frames for currencies
in
Galvenais
Dec 02, 2021 at 12:50
For newbies higher time frames like H4 or D1 is better as in lower time frame there is no much noise. That's why it can lead them to over trading habit.
Stop Loss Importance
in
Galvenais
Dec 02, 2021 at 12:48
Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.
For trading you do not need
in
Galvenais
Nov 30, 2021 at 15:09
@blancheklein Yes learning trading needs a lot of time. But it varies from person to person. As everyone has different level of understanding power. We should follow according to our strength.
Fundamental works 100%
in
Galvenais
Nov 30, 2021 at 15:06
@traderjakelong Yes I agree with you. Fundamental is very important to understand the market trend. Without fundamental, trading also possible but need more deep understanding of technical analysis.
Time frames for currencies
in
Galvenais
Nov 28, 2021 at 15:20
It's your trading strategy that would decide which time frame is good for you. Experience traders find their comfortable time frame with time. But newbie should focus on higher time frame as it gives less trades which means less mistake.
Basics knowledge is not enough
in
Galvenais
Nov 28, 2021 at 15:17
Yes for trading only basic understanding of the trading is not enough. One needs a deep understanding of the market. Without that it's not possible to survive in the market.
For trading you do not need
in
Galvenais
Nov 20, 2021 at 13:15
@Akasuki Yes you are right. Strategy is not everything though many traders think strategy is everything. Strategy is one of the important things but not everything. There are more things in trading.
Are you afraid to lose your trade?
in
Galvenais
Nov 20, 2021 at 13:12
Most people are afraid to lose money. That's why they take impulsive decision out of emotions. If we don't have enough idea why we are opening or closing a trade, this fear will persist.
Why demo is easy?
in
Galvenais
Nov 19, 2021 at 12:10
In demo account we don't feel anything if we are going lose any trade. But in live trading we get restless if a trade goes against us. To deal with it, we need to develop a good trading psychology along with trading skills.
Is forex trading really worth it?
in
Galvenais
Nov 19, 2021 at 12:07
Forex is worth or not depends on how skillful a person can be. Without knowledge and skills Forex is a easiest and fastest way to lose money. So it varies person to person.
To make a good trading plan
in
Galvenais
Nov 06, 2021 at 13:10
@Oghmage Yes to make a trading plan, one should have enough knowledge and skills about trading. Otherwise he won't be able to make a working plan.
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