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Mt5 vs Mt4
in
Galvenais
Nov 27, 2024 at 05:44
I started with MT4, but after testing out MT5(fxview), I realized it had a lot more charting tools that fit my style better. So, I switched to MT5, and it's been working great for me. But it’s all about what works best for you, so I’d recommend testing both platforms to see which one feels right for your trading approach.
Choosing the right trading signal provider.
in
Jauni treideri
Nov 12, 2024 at 06:16
Trading signals have been super helpful for me—they save time on analysis and spot setups I might miss, making trading way easier. I’ve been using fxview and avatrade for this, and they’re definitely worth a look.
Books or Videos - Which one is better for learning?
in
Jauni treideri
Mar 30, 2023 at 10:19
Personally, I found that learning about forex trading using a combination of books and videos was the most effective method for me. Books gave me a firm knowledge base and helped me thoroughly understand the principles and methods, whereas videos allowed me to see these concepts in action and obtain practical insights from experienced traders. Ultimately, it comes down to your learning style and preferences; some traders may prefer to focus on one or the other, while others may feel that a combination of both is most effective.
Any 500 to 1 leverage brokers left?
in
Galvenais
Mar 30, 2023 at 10:18
There are a bunch of brokers out there that offer high leverage(500:1) - like fxview, bdswiss, and hotforex, to name a few. But, before you start trading with them for real, it's best to do your research since they all offer dynamic leverages.
How to increase trading skills ?
in
Jauni treideri
Mar 30, 2023 at 10:17
Focus on studying as much as you can about the market you're trading in, constantly analyse your trades to identify trends and mistakes, and practice disciplined risk management to protect your cash to improve your trading skills. Probably seek mentoring or join a trading community to receive ideas and feedback from more experienced traders.
Luck is important
in
Galvenais
Feb 09, 2023 at 07:43
As per my experience in forex trading, luck can play a role in the short term, but over the long term, success in forex trading is mostly the result of skill, experience, and good decision-making.
Broker Suggestion
in
Jauni treideri
Feb 09, 2023 at 07:42
From my own experience, I would recommend fxview and fxpro…reason being I was looking for a broker with no slippage! would suggest testing a demo before going live.
Does forex strategies usually work>
in
Galvenais
Feb 09, 2023 at 07:42
It's important to keep in mind that the forex market is complex and highly volatile, and no single strategy is guaranteed to be consistently profitable. Success in forex trading requires a combination of factors, including a solid understanding of the market, discipline, patience, and risk management. It's essential to do your research, develop a sound trading plan, and seek professional advice if necessary.
HOW TO DEVELOP BEST TRADING PLAN?
in
Pieredzējuši treideri
Jan 19, 2023 at 09:54
The best trading plan is the one that best fits your trading goals. Traders' goals and motives can keep on changing. Adopting the right plan at right time is what makes your trading plan successful.
Forex Broker Recommendations?
in
Jauni treideri
Jan 19, 2023 at 09:52
If you are looking for the tightest spreads and low commission broker, I recommend fxview, can try out their demo account to test.
Learing
in
Pieredzējuši treideri
Jan 19, 2023 at 09:51
In forex trading, learning is a never-ending concept. So if you want to grow and be a successful trader you have to be always ready for new learning and challenges.
Forex trading is a work for professional
in
Jauni treideri
Jul 19, 2022 at 09:43
I don’t think so, every professional was a newbie first it is with experience and time they have become professional.
FX Trading Tips
in
Jauni treideri
Jul 19, 2022 at 09:42
One of the best tips or advice I can give to newbies is to be consistent it is the key in order to survive long in the trading world
Keep your innovation running
in
Galvenais
Jul 19, 2022 at 09:41
Yes, it is important to keep your innovation going, especially if you are on a trading journey that requires a lot of effort from you.
Does emotion harm?
in
Galvenais
Jul 15, 2022 at 11:14
I don't believe that emotion causes significant harm. If you have complete command of it and know how to express yourself effectively. It will be advantageous to you.
Does forex strategies usually work>
in
Galvenais
Jul 15, 2022 at 11:14
Yes, forex strategies do work but I think we need to keep it updated as we keep on trading.
Why are some traders successful?
in
Galvenais
Jul 15, 2022 at 11:13
Some traders are successful because they follow a strict trading routine and constantly work on their trading strategies
Mind or Machine? What’s Better For Forex Trading?
in
Galvenais
Jul 14, 2022 at 10:40
I think both are equally important without mind you can’t use the machine properly and without a machine you remind can’t work efficiently. Both should be used wisely.
Small investment
in
Galvenais
Jul 14, 2022 at 10:39
One who is new to trade can start with a small amount to trade which reduces the chance of risk and later increase the amount when you start to learn more about it.
Strategy-based trading
in
Galvenais
Jul 14, 2022 at 10:38
Yes, it is very important to have strategy-based trading. When you have a proper plan of what you are going to do and how then you will be able to make trades more confidently and carefully.
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