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thespreader
Trading with borrowed money
in
Galvenais
Jun 30, 2021 at 09:22
Trading with borrowed money is like putting yourself in more risk zone. And if you have borrowed it from any institution then interests will eat up your gains. So no need to borrow, just trade wisely.
All the successful traders
in
Galvenais
Jun 30, 2021 at 09:18
All successful traders have one thing common - Consistency in the trades.
Indicators are reliable but
in
Galvenais
Jun 30, 2021 at 09:16
Yeah, without knowing the significance of indicator you can't trade well.
Money management is an integral
in
Galvenais
Jun 30, 2021 at 06:50
For money management I maintain trading journal, this helps me to track that which strategies and trade amounts have gave me the good bunch and with that it also helps me to improve my further trades by looking at past areas of improvement.
A good strategy can
in
Galvenais
Jun 22, 2021 at 05:53
You can only be sure about any strategy to be good or not only when you have tested it on the time frames you want to book trades.
It's very common
in
Galvenais
Jun 22, 2021 at 05:45
Correct, with extended time frames, you need to have more cautious as bigger time frames has the risk associated with them like consistent downtrends or uptrend (in case of short sell).
Indicators are reliable but
in
Galvenais
Jun 19, 2021 at 10:25
Oh really, is this so , where have u read this can you please share the source?
Risky business
in
Galvenais
Jun 17, 2021 at 09:05
Yes agreed! Forex is risky, but if traded with proper knowledge then it can give you excellent returns.
Purpose of demo trading
in
Galvenais
Jun 17, 2021 at 09:02
Purpose of demo trading is to prepare the beginner how forex works, how prices moves and how it looks on the terminal. There is no real loss but can teach you many important aspects for forex trading.
How long it takes to be profitable
in
Galvenais
Jun 17, 2021 at 08:59
It depends individual to individual as everyone has different level of understanding and risk capabilities. It took 6 months to me to book profit on my first trade.
How long it takes to learn
in
Galvenais
Jun 15, 2021 at 08:23
Learning curve for forex trading is directly varies as per your knowledge and skills that you have for forex. Only consistent practice will shorten this curve.
Forex is a decent business
in
Galvenais
Jun 15, 2021 at 08:16
Before opening any trade, test your strategy on different time frames that helps you to predict the trend.
When loss occurs
in
Galvenais
Jun 15, 2021 at 08:14
To trade on forex, one need proper knowledge of how forex works, forces that drives quotes and how to read charts by applying proper tools and indicators.
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