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About news trading
in
Galvenais
Feb 25, 2021 at 07:21
Yes, this is very useful tip.
Basic mistake we make
in
Galvenais
Feb 25, 2021 at 07:20
Basic mistake that we can make is not understanding the concept of forex trading and simply trading without thinking of consequence of not using stop loss or limiting the order
Is FP Markets suitable for scalping ?
in
Galvenais
Feb 24, 2021 at 10:21
Commission are quite higher than I expected but yea it seems good, could go for other broker who offer lower commission
If you want to get success
in
Galvenais
Feb 24, 2021 at 10:20
Yes, but problem is that it is not so easy to choose with such specific requirement, that is why I always consider opening an account with multiple brokers and see which works well for me and which is not for me
zero spread brokers needed
in
Galvenais
Feb 24, 2021 at 10:19
Care to share which broker is offering that?
Opening big lot
in
Galvenais
Feb 24, 2021 at 10:18
As long as you keep your risk to 2%, this is fine
Most people fail because
in
Galvenais
Feb 24, 2021 at 10:17
I dont think there is anything specific in that, but you will need to think about whether you are ready to go live or not, that depends on you
Who do you differentiate between Retracement and Reversal?
in
Galvenais
Feb 23, 2021 at 08:28
This is a quite long video, but this may be useful in helping you out in understanding the difference with these - https://www.youtube.com/watch?v=YXRbDyDVego
Both money management and trading psychology
in
Galvenais
Feb 23, 2021 at 08:27
Was looking for this one. Yes, Risk management is very important to minimize the losses and increasin the risk reward output
WHATS THe CATCH WHY IS IT SO D9IFFICILT
in
Galvenais
Feb 23, 2021 at 08:24
I don't get what you are trying to say.
High leverage = High risk?
in
Jauni treideri
Feb 22, 2021 at 09:45
YesHigh leverage = High risk = High chance of wiping out your account/funds
Broker support is important
in
Galvenais
Feb 22, 2021 at 09:44
Are you talking about broker customer support?
Long term trading
in
Galvenais
Feb 22, 2021 at 09:44
Long term trading in forex tends not to be profitable as one think but yes it can be useful if you want to reel in not taking risk
Demo is a big opportunity
in
Galvenais
Feb 22, 2021 at 09:43
Demo is quite useful when you are trying to understand how forex trading works and of course it is also useful to strategize your trading plans and backtesting
Beginner in forex
in
Jauni treideri
Feb 18, 2021 at 09:03
Think of using a proper risk management and managing your money are the best place to start.
How can we find a reliable platform?
in
Jauni treideri
Feb 18, 2021 at 09:01
Regulations and licences are the first thing to check out. Cross check on the website to see if they are really regulated or not.
What leverage do you all use?
in
Jauni treideri
Feb 18, 2021 at 09:00
I am not a fan of leverage, but they can be useful if you have smaller funds. If that was the case, I would go for 10x, max.
Regulated broker vs. Unregulated broker
in
Jauni treideri
Feb 18, 2021 at 08:56
If you want your funds not to end up taken away from you, my suggestion is to go for regulated broker. You can look into myfxbook spreads link and click on regulated option and choose mentioned brokers
Risk management and position size
in
Pieredzējuši treideri
Feb 18, 2021 at 08:54
I trade at the risk reward ratio of 1:2 to minimize the losses and keep the profit in margin
Forex not fully risk free
in
Galvenais
Feb 16, 2021 at 11:46
Forex is never not risky to consider, that is why you will see so many forex broker website adding the disclaimer to let you know about it
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