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To shine in forex
in
Galvenais
Apr 26, 2022 at 04:23
To shine in the forex market you need to be patient enough, have a deep understanding & knowledge of the market, follow your strategy consistently, stay focused, always focus on learning & practising rather than money. Also, you have to control your emotions and greed and always wait patiently for the optimum results.
GOLDEN Rules of Profitable Trader's
in
Pieredzējuši treideri
Apr 26, 2022 at 04:08
First of alI, in order to be a successful forex trader, you have to learn everything. Proper knowledge and experience is the key for a profitable forex trading career. Always focus on learning rather than results. And consistently follow the strategy that suits you the best.
Patience is best tool to get success
in
Jauni treideri
Apr 13, 2022 at 06:07
Patience is indeed a very crucial part of forex trading and it’s such a tool that helps you in achieving success. In long term trading, you’ll have to be patient even in the hardest times of your trading and once you’re able to control all of your emotions you’ll be a successful trader. Most of the traders lose patience after facing losses and get demotivated but this is where you need to stay strong in order to trade successfully.
Greed is poison
in
Jauni treideri
Apr 12, 2022 at 10:22
In forex trading you need to be patient to the core if you want to have a successful trading career. Greed makes you lose your mind and you make decisions that are capable of ruining your entire forex trading career.
Fear is the greatest reason
in
Galvenais
Apr 11, 2022 at 09:51
Fear is one of the major reasons why traders face failures. Especially when it comes to money, we’re all afraid but this is where we have to restrict ourselves in order to trade efficiently and earn profits. Fear is so strong that it can ruin the strongest of the traders so in order to trade successfully you must have control
The fear of losing opportunity
in
Galvenais
Apr 11, 2022 at 09:43
Generally all of the traders have this fear, especially the beginners. When the market changes direction or moves in any direction, they think they’ll lose the opportunity to earn profits and then eventually they lose all the money because of wrong decisions based on fear.
The dark side of forex markets
in
Jauni treideri
Apr 06, 2022 at 06:01
Every trading and business has its own benefits and dark sides. Although the forex trading market is the largest liquid market in the world, it also has its negative sides such as high volatility and high risks.
lost
in
Jauni treideri
Apr 06, 2022 at 05:54
Losing and winning are the two aspects of all the trades and business in the world. If you’ve lost in forex trading, make sure you learn from the mistakes you’ve committed. You need to stay calm and look at your ways and strategies where you went wrong. Also, as a beginner first learn money & risk management skills properly before trading forex in order to protect yourself from losses.
How to Avoid Forex Losses In Forex Trading?
in
Jauni treideri
Apr 06, 2022 at 05:51
You can never fully avoid losses but yes, losses can be minimised by proper discipline, money and risk management, in depth knowledge, use of stop losses, confidence, determination, proper strategy, consistency, patience and a keen observation on the statistics.
How does experience come?
in
Pieredzējuši treideri
Apr 05, 2022 at 07:20
Experience comes with either failures, losses, and also from your wins. When you acknowledge failures, you learn from them and when you win, you make conclusions. The more you trade, the more you become experienced. Some learn by listening, reading, testing, and watching but some learn from personal experiences and learn it from real money since the beginning.
Can you borrow money from the bank to trade forex?
in
Galvenais
Apr 04, 2022 at 05:19
Yes, banks provide loans for various purposes on the basis of some security guarantee. One can borrow money for trading from the bank,if he or she has something having value equal to the loan.
How much money can I expect to make from trading?
in
Galvenais
Apr 04, 2022 at 05:17
There is no particular formula for measurement of earning money from forex ,it all depends on your work, strategies and experience.
7 Benefits of using stoplosses
in
Galvenais
Mar 24, 2022 at 07:39
Protecting your trading capital is the top most thing that all traders should do. And it is where stop losses help. They not only prevent big losses, but also strengthen your risk management game. It is always a safe option to use stop losses.
Can forex trading make you rich ?
in
Galvenais
Mar 24, 2022 at 07:39
Yes, that is a possibility! But you need to also have good skills. Also, consistency matters, irrespective of whatever you do.
Don’t Let Your Emotions Dictate Your Forex Trading
in
Jauni treideri
Mar 24, 2022 at 07:33
Emotions are a critical part of trading, and their presence in trading can harm your gains. To avoid them, you have to follow a set of rules and abide by them.
Have a plan and stick to it
in
Jauni treideri
Mar 23, 2022 at 06:17
Imo, sticking to a trading plan is more difficult than creating one. For easier trading, traders should stick to their plan. A good trading plan ensures that traders take the right approach to trading and avoid distractions.
Forex is not like gambling
in
Galvenais
Mar 22, 2022 at 06:49
Forex is not pure speculation. There are skills that traders have to build before placing a trade. Fundamental & technical analysis, trading psychology, risk & money management are some of the few skills among many others. The more the traders know about these skills, the more they can increase their chance of winning trades.
Does forex strategies usually work>
in
Galvenais
Mar 22, 2022 at 06:43
They work, but they may not always work. Strategies are small edges that traders get in the market. However, the market’s volatility is unforeseen. Due to which, your current strategies may not be applicable to future market situations.
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