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Avoid predicting the markets, Rather be reactive.
in
Jauni treideri
Feb 21, 2022 at 05:33
This is really a cool concept about trading. As a trader I have learned that predictions in the market should be based on both technical and fundamental analysis. Even when you have fundamentally analysed the pair, it’s always better to wait for the market reaction before making any decision in case there’s some big news event which may have an impact on the market.
Is forex is best source of income?
in
Jauni treideri
Feb 17, 2022 at 05:28
@Gavik I agree with your point, which is why I trade along with a permanent source of income i.e. my regular job. I have a thought of taking forex trading full-time once I have an in-depth knowledge about the market and start making consistent profits.
Don’t Let Your Emotions Dictate Your Forex Trading
in
Jauni treideri
Feb 16, 2022 at 07:11
Controlling emotions is a crucial thing for forex traders to master. Trading is incredibly difficult to do without letting emotions get in the way. Trading with emotions can lead you to make bad decisions and lose money.
Steps to Mental Success in Trading
in
Jauni treideri
Feb 16, 2022 at 07:06
Mental success in trading is a subject of preoccupation among many professional traders. One should never underestimate the effects of stress and emotions in trading.
Tips To Being A Successful Trader
in
Jauni treideri
Jan 24, 2022 at 04:38
To become a successful trader, one should know that patience is the key, you may not get rich overnight, but if you apply yourself to learning the basics, then you will gradually become a better trader every day. You will need to create a trading plan that works for you and follow it every time.
hi. I'm new to forex trading.
in
Jauni treideri
Jan 21, 2022 at 04:19
Hello mate. Welcome to the community, I hope you like it and that you find it useful.
Good broker is needed
in
Galvenais
Jan 20, 2022 at 13:26
There are several ways to identify a good forex broker. If a broker offers quick deposits and withdrawals,offer tight spreads, good leverage and low commissions, then it is considered a good broker in my opinion. I’ve considered these parameters to find my current broker (turnkeyforex). You can try it out if you are still searching for a good broker.
Which pair do you use?
in
Jauni treideri
Jan 20, 2022 at 06:26
I prefer to trade with major pairs like EURUSD, GBPUSD, USDCHF, etc. They are liquid enough to trade with small sizes, and volatility is present, but not too much to make you uncomfortable.
How much should you invest in trading
in
Pieredzējuši treideri
Jan 20, 2022 at 04:12
One should invest according to risk tolerance and capital. I would recommend starting with a small amount of money which you are willing to risk.
Discipline and Forex Trading
in
Galvenais
Jan 19, 2022 at 06:30
Discipline and patience are essential when trading Forex. Many traders make the mistake of trying to "time the market" and end up losing money in the process. A disciplined trader will stick to a plan, regardless of the market conditions. This is essential for long-term success in Forex trading.
There is no short cut
in
Galvenais
Jan 18, 2022 at 05:00
Forex is not a get-rich-quick scheme. There are no shortcuts. You have to do the work. If you are not willing to do the work, then this might not be for you. Trading is challenging, and it takes time, effort and patience to master.
METHOD OR DISCIPLINE?
in
Galvenais
Jan 05, 2022 at 04:21
Method and discipline are important aspects of forex trading. A trader who lacks either will likely not be successful in the markets. The method is what a trader uses to make decisions, while discipline is the ability to stick to those methods despite losing streaks or tempting opportunities. Most successful forex traders have both in abundance, and it's what helps them overcome the many challenges they face while trading.
Is trading for living possible?
in
Galvenais
Jan 05, 2022 at 04:11
It is possible, but it requires a lot of hard work, dedication, and risk management. You have to be able to make quick decisions, have a firm understanding of the markets, and handle losses. There is no guarantee of success, but it can be a very lucrative career if you are successful.
Broker and regulations
in
Galvenais
Jan 03, 2022 at 09:41
DYOR is important before choosing a broker, I compared and shortlisted several brokers before finally signing up with turnkeyforex for 2 prime reasons:LeverageLow trading cost
Ready made strategy doesn't
in
Galvenais
Jan 03, 2022 at 04:21
A ready-made forex strategy will give you an experience of real trading very quickly, so you can switch to a different strategy easily when you become a more experienced forex trader.
Does forex strategies usually work>
in
Galvenais
Dec 31, 2021 at 05:03
Many forex strategies do work, and traders who find a strategy that suits their individual trading style and risk tolerance are likely to be successful in the forex market.
Forex trading is easy for
in
Galvenais
Dec 31, 2021 at 04:46
When a person just starts learning a thing, initially it seems difficult. But as the time passes by the person starts feeling comfortable. I think it is the same in forex. A trader may find it difficult at the start but with time and practice, the profits start to increase.
There is a proverb that practice
in
Galvenais
Dec 30, 2021 at 04:43
If a person performs a task regularly, the performance of the task would keep on increasing with time. Same is the case in forex trading. If a trader continuously practises trading, he/she will keep on getting better overall returns. This practice may be on a demo account or a live account.
Forex market is an unpredictable
in
Galvenais
Dec 29, 2021 at 05:11
The forex market is unpredictable, but if you trade correctly, you can make a lot of money by trading. Technical analysis is one of the ways to predict the price of a currency pair.
Forex is an investment business
in
Galvenais
Dec 29, 2021 at 04:45
For beginners, forex is not gambling like binary options. It is a business where you can make a good return if done correctly. Most people lose money in the forex business. But you can avoid loss by learning the basics and trading with a plan.
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