Dec 27 2020 at 07:07
Only basics are not enough for consistent profit. Forex is a professional work that requires specific knowledge and skills. That's the reason very few people are successful here. Most people treat forex like gambling. They do random trading. They do not have well defined trading system.
Dec 27 2020 at 08:10
People take forex trading, the most difficult job lightly. They expect to make money just by entering into the market. Few days demo trading with some ready made strategies available on internet. No risk management, no emotions controlling. At the end they just complain.
For successful and stable trading, a trader must have some knowledge and experience and choose a good broker. Amarkets offers over 250 financial instruments. Otherwise, he will not be able to make money on the financial market.
Dec 28 2020 at 01:33
Learning trading is a never-ending process. The more you learn the more you will gain from the market.
Dec 28 2020 at 20:19
To make money from this market, you need to make a proper plan. Without a good plan you can not survive in this risky market.
Dec 29 2020 at 11:06
I agree with you. Most of the time people just blindly enter and exit the market. Basic knowledge only provides an understanding of how to get started in this business.
Dec 29 2020 at 12:17
Trading with big balance like 50k demo balance is not a good idea. You didn't say anything about risk money management policy. What's your risk reward ratio? What's your winning odds with the strategy you follow? Make your trading system well defined. And per day 5% return is unrealistic. In demo basically you have developed some wrong perception about trading.
To maintain a successful and stable trade, traders should build their knowledge and experience every day in forex and should also be able to choose a reliable and suitable broker.
Jan 05 at 08:35
Once you are done with obtaining basic forex knowledge, it is important for a trader to specialize in a strategy that they can use all the time to make the maximum profits.
Jan 10 at 16:49
All I can give a beginner is to learn. And the first knowledge a beginner needs to understand is the importance of discipline in stock trading. In my opinion, beginners should start precisely with systemic trading, and not with trading at random, as is usually the case.
