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Anyone Trading For A Living?
in
Pieredzējuši treideri
Apr 05, 2022 at 06:34
It’s not easy to do so. Traders, who have been making a living through forex trading, would have been here for over a decade. Most new traders keep struggling to make enough profits to cover the costs of trading.
How does experience come?
in
Pieredzējuši treideri
Apr 04, 2022 at 08:01
You become experienced when you have your own stories of success and failures. We all read how others have performed or have been performing. But you get better by improving your own mistakes.
Is a demo account really neccassary?
in
Jauni treideri
Apr 04, 2022 at 07:59
Yes, demo trading is necessary in a way that you get to experience trading before you start risking your money. I believe it’s better than going directly into the live market and being clueless about using a platform and trading tools. Practising on a demo account will help overcome the barrier.
Books or Videos - Which one is better for learning?
in
Jauni treideri
Mar 31, 2022 at 05:46
Why would anyone have to choose one out of these? Both of these are good sources of knowledge and when you combine both of these, you will be able to learn and revise at the same time.
Signa providers
in
Jauni treideri
Mar 31, 2022 at 05:42
I do but only for confirming my entry and exit points. I don’t depend much on these signal providers because they have a bad reputation. Most of them are scams. Make your choice wisely.
90% are loser ..why ?
in
Jauni treideri
Mar 31, 2022 at 05:24
It’s a fact that the majority of new traders lose money. Most of the time it’s due to the fact that new traders lack the basic trading skills needed to succeed.They lose most of their money to emotional decisions and because of the wrong perception of the forex market and lack of understanding.
How to Avoid Forex Losses In Forex Trading?
in
Jauni treideri
Mar 29, 2022 at 07:52
If you want to avoid losses in forex trading, follow these basic rules: 1. Never make a trade without having a clear exit point. 2. Learn to identify the difference between a good trade and a bad one.3. Don't trade when you're not in the best frame of mind for trading.4. Take profit quickly when it appears.5. Cut your losses short using stop-loss.6. Don't add to a losing position.
What Geopolitical Risk Really Means to Your Trading
in
Galvenais
Mar 29, 2022 at 07:43
There are huge chances of uncertainties that surround future expected economic growth and the health of the affected economy. This results in high fluctuation in the currency values of the countries at geopolitical risks.
Demo Trading Advantages
in
Galvenais
Mar 28, 2022 at 07:52
Demo accounts help traders to understand the process of development of the price action and the risks that are involved while using leverage.
Basic mistake we make
in
Galvenais
Mar 25, 2022 at 06:09
Right Knowledge and practice gives traders experience which helps them in developing the right skills for trading.
Very tough business.
in
Galvenais
Mar 25, 2022 at 06:04
I think Forex is not as difficult as other financial markets. But the forex market has its own particular conditions, behaviour and risks that a trader needs to understand before trading. Without the proper understanding these traders find forex tough to trade.
Does forex strategies usually work>
in
Galvenais
Mar 24, 2022 at 09:53
Traders who are serious and are seeking long-term success need to study the forex market and design their own trading strategy which is compatible with their trading style.
Forex is not like gambling
in
Galvenais
Mar 24, 2022 at 09:43
Traders can use strict money and risk management strategies while trading to mitigate the risks involved in trading. Whereas in gambling people either win the whole amount or lose the whole amount.
Can forex trading make you rich ?
in
Galvenais
Mar 24, 2022 at 09:35
Making money in forex trading depends on the trading skills and psychology a trader has. Traders need to work hard and learn about forex trading which comes with time and experience. Forex trading does not make every trader rich. There are many traders who quit due to the lack of proper knowledge.
Fear is the greatest reason
in
Galvenais
Mar 23, 2022 at 06:10
Fear is one of the most common emotions that traders encounter. Fear is caused due to the lack of proper forex education or over capitalising the trade leading to losing the trades. But as traders grow they learn to embrace fears and drive them forward.
Greed, the destruction
in
Galvenais
Mar 22, 2022 at 06:37
Greed leads to destruction as under the influence of greed traders tend to overtrade which eventually leads to making inefficient trading decisions that result in blowing the whole account.
The fear of losing opportunity
in
Galvenais
Mar 22, 2022 at 06:32
I totally agree! Liquidity offered by the forex market is amazing. It keeps me optimistic and patient even if I miss any trading opportunity.
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