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Which indicator you use most for your trading?
in
Jauni treideri
Nov 25, 2021 at 05:27
There are a lot of indicators to test and use in your strategy. However, there are some basic indicators that every trader must know-1) Moving Averages2)Exponential moving average3)Relative strength index (RSI)4)Stochastic oscillator
Fundamental works 100%
in
Galvenais
Nov 24, 2021 at 04:36
Fundamental analysis can help you to speculate the future price movements and help you make informed decisions. However, it is of no use if you don’t know how to read charts or analyse the market trends. Both are equally important for a long-term trader.
Forex market is an unpredictable
in
Galvenais
Nov 24, 2021 at 04:27
That’s right. We can speculate the market, but not guarantee exactly how it will go. However, with the help of fundamental and technical analysis, you can increase your odds of winning your trades.
Confidence is very important
in
Galvenais
Nov 23, 2021 at 05:43
You have to withstand pressure in the markets. It’s very simple: if you lack confidence, it is unlikely you'll be able to accomplish your target of being a successful trader.
Basic mistake we make
in
Galvenais
Nov 15, 2021 at 07:23
While there are numerous trading opportunities every day, but then taking too many positions in one day may also be detrimental to your trading.
Online source of income
in
Galvenais
Nov 15, 2021 at 07:01
Definitely!Forex trading can be your primary source of income. It is easier to step into the market, thanks to the freely available resources. However, turning it into your source of income isn’t. Take slow steps and master your fundamentals. Once you start making consistent profits, you’re ready to trade full-time.
Anyone suggest me best broker for forex trading?
in
Pieredzējuši treideri
Nov 11, 2021 at 10:26
Coinexx has been working fine for me.
Trading without stop loss
in
Galvenais
Nov 10, 2021 at 04:25
Trading without a stop loss is a big no for me though there are traders who do trade without stop loss. However, they have more expertise and strategies. If you’re a newbie, do not trade without SL.
Every newbie should practice
in
Galvenais
Oct 06, 2021 at 06:59
Learning to trade is an easy task. Most people do it even without realizing that they are doing so. As a newbie, you should practice as much as possible. By practice, I mean that you should use a demo account and invest some time learning the ropes of forex trading. It is not that difficult.
Recovery from a broker possible or not?
in
Galvenais
Oct 06, 2021 at 06:34
I agree with you, @davemack. Filing a complaint to local law enforcement is the only way to go.
Are you afraid to lose your trade?
in
Galvenais
Oct 05, 2021 at 06:52
The reality is that you will have to deal with losses at one point or another. Losing is common to the game, so try not to be afraid of it.
Tips To Being A Successful Trader
in
Jauni treideri
Oct 04, 2021 at 09:42
Trading psychology is one of the most important things to master in order to be a successful forex trader. Making the right decision under pressure is something that cannot be taught, you can only learn it.
How true is High leverage = High risk?
in
Jauni treideri
Sep 29, 2021 at 07:22
In forex, traders often use high leverage because it allows them to control a lot of money with relatively little capital. But high leverage also carries a risk – it magnifies losses as well as gains. Always use proper risk management to minimize these effects.
Leverage is among the things
in
Galvenais
Sep 28, 2021 at 06:24
Leverage is among the things that make forex trading exciting. It's one of the factors that increase your profit, but it can also increase your risk exposure. Using leverage can multiply the effectiveness of a small amount of money, but it also magnifies losses. So be careful and use proper money management.
Unrealistic expectation causes
in
Galvenais
Sep 27, 2021 at 09:37
Unrealistic expectations cause more harm than just financial loss but also psychological stress and depression. Many novice traders believe that there is a secret recipe to turning $100 into thousands in days or even hours, but the reality is that the vast majority of "rocket science" strategies are just scams.
The fear of losing opportunity
in
Galvenais
Sep 24, 2021 at 08:09
Every trader has experienced this in one way or another. It's the moment when you know that you could be losing out on a lot of money by closing out your open position. The best traders have a high level of emotional control, and they know how to handle their fear of losing an opportunity.
Scalping is good
in
Galvenais
Sep 24, 2021 at 07:26
Yes, If you know what you're doing. Scalping is one of the most common trading styles. Many people are confused by scalping because they don't understand it fully. The main thing to understand is that, unlike day trading, scalping is about the minute movements in the market. It's more of a momentum play than anything else.
Over-trading is a very harmful
in
Galvenais
Sep 22, 2021 at 11:08
Yes, Overtrading is harmful to your trading account and your investment into your skills. If you do not give yourself enough time between trades, you will not have a chance to manage your risk properly. Over-trading is a very harmful trading behavior that will lead one into permanent financial destruction.
How much money can I expect to make from trading?
in
Galvenais
Sep 22, 2021 at 06:56
There are many factors that go into determining how much you can expect to make from trading, but one of the most important is your motivation. If you don't have a wealth-building goal or dream of buying a private resort, then it's not likely you'll experience much success because trading eats your capital. With a proper goal and mental strategy in place, you'll reach your goals - even if it takes longer than expected.
Simplex Infinity
in
Tirdzniecības sistēmas
Jul 26, 2021 at 12:46
Like this system @SimpleFx. Thank you so much for sharing this and the channel link.
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