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5 Things I have learned in 5 years of trading!
dalam
Am
Jan 20, 2022 at 09:40
Precisely why I am so anti signal services. I just don't think they are helpful even if the signals are legit.
Guys, What do you think about Central Bank Digital Currency - Dollar/others?
dalam
Am
Jan 20, 2022 at 09:39
I think as people become more familiar with crypto they will be more keen to keep hold of their private keys so they "own" the crypto. I would think putting it into a bank is akin to a centralised exchange where they hold it for you and your don't have the private keys. Flip side of course is that they probably put millions a year into cyber security.
Be productive
dalam
Am
Jan 20, 2022 at 09:37
Massive action is important in any industry.
Good broker is needed
dalam
Am
Jan 19, 2022 at 11:14
I don't think the narrative of it being hard to find a decent broker is accurate personally. So many reviews and lots of information online now that you can get a good idea if a broker is good or not.
Mistakes.
dalam
Am
Jan 18, 2022 at 12:53
Is this not the same in life generally though? I don't know why so many new traders approach making mistakes differently.
News trading is very tempting
dalam
Am
Jan 18, 2022 at 12:52
Not been something that appeals to me as a sole focus. I prefer to consider the news and focus on where price might go in reaction and and then await confirmations.
Does forex strategies usually work>
dalam
Am
Jan 18, 2022 at 12:50
Of course strategies work. That's like asking if business or war strategies work. Of course some do but not all. The hard part is finding the one that works for you as it's not a one size fits all.
What makes one a Professional Trader?
dalam
Am
Jan 17, 2022 at 12:06
One that makes money from trading over the long term.
Very tough business.
dalam
Am
Jan 17, 2022 at 12:05
The best paying professions tend to be.
Emotion in Forex trading
dalam
Am
Jan 17, 2022 at 12:04
I totally agree. The idea of shutting down emotions isn't what is needed. Just raising self awareness and ability to control emotions and departmentalise them. I enjoyed reading the Chimp Paradox to help with this.
ECN with and without commissions.
dalam
Pedagang Baharu
Jan 12, 2022 at 12:07
Some offer this. CedarFX have a 0% commission option. This natually will mean spreads might be higher than say a broker like IC Markets for example. You'd need to look into both and weigh it up. I use both brokers and the lack of commission is good for longer term trading where spreads maybe aren't as important as they are when scalping let's say. As always DYOR.
Brokers ban deposits from Neteller/Skrill
dalam
Am
Jan 12, 2022 at 10:46
I've heard some ropey things about Skrill personally. Not a payment system I'd use.
Help me learn technical analysis
dalam
Am
Jan 12, 2022 at 10:45
You can get started without paying for it on Babypips and then using YouTube. If you're still lost then sure look into mentors.
Gold broker recommendations
dalam
Am
Jan 11, 2022 at 16:39
Always best to look at some reviews here and on other sites too to get some balance.
Basic mistake we make
dalam
Am
Jan 11, 2022 at 16:39
Get the ROI sorted and then let compounding take care of the rest.
Loss
dalam
Am
Jan 11, 2022 at 16:34
There are many trading strategies but good risk management plans are less variable and should be utilised by all.
Learning is a nonstop procedure
dalam
Am
Jan 10, 2022 at 14:51
Only the fool thinks they know everything.
Mistakes.
dalam
Am
Jan 10, 2022 at 14:43
Which is scary don't you think? Nobody would ever say or think the same about becoming a doctor or lawyer.
i need help.
dalam
Pedagang Baharu
Jan 07, 2022 at 12:46
Go back to demo to save your money and just treat it with the same resepct as you would with real money. Habits are a result of repitition. The issue is too many traders don't treat demo with any real respect as it's "not real" and then don't instil solid habits to carry across to a live account.
Stop loss is a killer if
dalam
Am
Jan 07, 2022 at 12:38
Less a killer than having your entire capital at risk every trade.
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