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Importance of demo trading
in
Jauni treideri
Feb 08, 2021 at 06:03
Yes, that's true. Execution speed is one of the reasons that why demo trading experience doesn't actually work in live trading. But off course a newbie shouldn't start directly on a live account even with the tiniest of the capital. First he must learn the basic concepts and then can proceed with a live account. And I think you meant "Micro account instead of Standard"
Who do you differentiate between Retracement and Reversal?
in
Galvenais
Feb 02, 2021 at 06:45
Right, but how do you identify if its going to be a retracement or reversal for the purpose of planning your trade?
Who do you differentiate between Retracement and Reversal?
in
Galvenais
Feb 01, 2021 at 07:39
I welcome views from both Newbies and experience traders that when do you know if its a retracement of reversal?
How much money can I expect to make from trading?
in
Galvenais
Jan 29, 2021 at 04:31
Depends on your trading experience, knowledge, skills and strategy. Overall, if you have 1% growth of your capital everyday its considered to be a consistent growth.
New traders love scalping
in
Galvenais
Jan 27, 2021 at 06:54
Finally a sound answer. ... its exactly true... scalping and newbies is a perfect example of trading disaster.
Choosing the Right Broker
in
Galvenais
Jan 22, 2021 at 09:26
That is correct. A broker who has been in the market from quite a long time has genuine history which is required to check the worthiness of the broker. A trader can know more via reviews, news, ranking etc. of that particular broker.
By trading we can make
in
Galvenais
Jan 21, 2021 at 09:35
I always advise my fellow trader one simple thing, stick to the basics. Dont blindly follow a profit making strategy. Its better to first learn how trading works and then proceed to following a strategy.
In trading everyone should have some rules
in
Galvenais
Jan 18, 2021 at 03:58
Trading without rules is like walking without a destination to reach. Setting rules is crucial in order to achieve trading goals and manage your capital.
Indicators are useful but
in
Galvenais
Jan 18, 2021 at 03:56
Indicators are useful to only those who know to use them, you need to identify the correct combination of various indicators, using all of them together makes no difference at all but only causes confusion.
New and undisciplined traders
in
Galvenais
Jan 18, 2021 at 03:54
Correctly explained. A trader needs to fix its trading strategy and time, unless, you are scalping you dont need to sit in front of your screen throughout.
Looking for reliable ECN brokers...
in
Galvenais
Jan 18, 2021 at 03:52
I have a few which I have tested but they are restricted only to European traders. Are you based in Europe?
Forex is profitable ?
in
Galvenais
Jan 13, 2021 at 09:33
I 100% agree to your comment. If one begins trading with a mindset to only earn profits, then he will definitely end up losing his capital. Correct approach and proper knowledge is must.
Trading without stop loss
in
Galvenais
Jan 11, 2021 at 10:56
Trading without stop loss is okay if you are going to stick to your trading screen through out your positions are open. If you are planning to leave your trades unattended, use of stop loss is must.
Professional trading tips for beginners
in
Galvenais
Jan 06, 2021 at 10:18
Great tips. These definitely work when setting your trading journey.
Is trading hard?
in
Galvenais
Jan 05, 2021 at 07:14
Trading is just like any other job which comes with pre training period. You need to follow the correct path learn each and every step and it would be much easier for you than its generally anticipated?
Very tough business.
in
Galvenais
Jan 05, 2021 at 07:09
There is nothing like tough or easy business. it just based on how you play with it. If your only motive is to earn profits then off course its a tough business because you cannot be in profit always. If your focus is on learning the key concepts testing your strategies and gaining experience then its slightly easier.
Common mistakes
in
Galvenais
Dec 31, 2020 at 06:25
There are so many of them.. Frankly i myself committed most of these mistakes during my newbie days.1. Thinking that you have learnt everything: Most of the new traders start with their basic trading knowledge and towards the end they feel "I am a pro now, i know everything." 2. lack of regular practice: Even if you are doing good in your trades it doesn't mean you will be in profit whenever you trade. regular practice is the key to gain experience. Without experience one clearly doesn't know how uncertain and volatile market can be. 3. Greediness of course: The day you start...
Types of spreads
in
Galvenais
Dec 30, 2020 at 06:09
Fixed or variable spread depends upon your trading strategy. personally i prefer variable spreads as i am pretty much aware of the times when generally the spreads are high or low in the market. So I only prefer trading when market has good liquidity.
Forex is Hobby ?
in
Galvenais
Dec 29, 2020 at 05:39
It depends upon your choice, availability of time and your skill set. Its a full time job for me which started as an hobby. If you love trading it will work out for you much better than the trader who trades with greed.
How much do you risk in total to make big profits at ago?
in
Galvenais
Dec 28, 2020 at 06:41
A calculative risk between 2-5% is acceptable depending upon your confidence in the trade idea. I never go beyond 5% in any condition.
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