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Posts by
BrienBooker
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To shine in forex
in
General
Apr 26, 2022 at 06:27
To shine in forex you need to put your hard work and basic knowledge at the forefront. Even if you feel bored, never quit. Be disciplined and patient, and you will see the positive results with time.
5 Things I have learned in 5 years of trading!
in
General
Apr 25, 2022 at 05:50
1. You must have a consistent set of actions before you get a consistent set of results2. You must have an edge in trading3. Ability to work under pressure.4. Those who make money fast, also lose money fast5. Trading is not only about earning money, but it also teaches you a lot more than what meets the eye.
Can you borrow money from the bank to trade forex?
in
General
Apr 22, 2022 at 11:09
The answer is yes you can borrow the money at the good terms for trading. But in my opinion, you should only borrow the money when you are pro or feel like you can handle the borrowed amount in making the profits.
Basic mistake we make
in
General
Apr 22, 2022 at 11:07
The basic mistake that the newcomers make is that they think that is the platform where you can earn easy money. They simply start trading on the real account. Even though they earn money at the start when they start losing they cannot handle the pressure and after having heavy losses, they leave the trading platform.
Fear is the greatest reason
in
General
Apr 22, 2022 at 10:26
lacking confidence will lead to losses in forex trading. It also means that your decision-making abilities are less. Lose the fear of being wrong.
Demo Trading Advantages
in
General
Apr 22, 2022 at 07:06
By using a Forex demo account for a period of time, you can master market entry and exit while watching how often market changes occur. Plus you will finally learn how to set goals. You can know exactly when to close a particular trade by using stop-loss and take profit zones.
Is trading hard?
in
General
Apr 22, 2022 at 07:03
Many traders think that they are ready just a month or two after making some profits on a demo account. But the reality is something else and will be better known when one will open a live trade.
How do you trade in a bear market
in
New Traders
Apr 20, 2022 at 04:05
Investors can make gains in a bear market by short selling. This technique involves selling borrowed shares and buying them back at lower prices. A short seller must borrow the shares from a broker before a short sell order is placed.Traders can make gains in a bear market by short selling. The other way is to take profit at regular intervals. This could be an opportunity to take in profits.
Is a demo account really neccassary?
in
New Traders
Apr 20, 2022 at 04:01
Demo accounts can provide some benefit to new traders because they allow the trader to become familiar with trading software and get a sense of how the market works. Also, it gives access to market charts, trading signals, forex news, and more.
Emotion in Forex trading
in
General
Apr 19, 2022 at 10:43
Emotions should never be used in forex trading. Be it in profits or losses. Proper demo practice, good knowledge on forex, Reading candlestick patterns should be used before using real money.
How much money can I expect to make from trading?
in
General
Apr 19, 2022 at 10:38
There are no expectations.If you know the basics of the trading, you can make good amount. But before that you should practice it on the demo account, in order to earn good profits.
Demo can not make you well experienced
in
General
Apr 19, 2022 at 10:25
It is not true. Once the strategy which you are using for the demo platform is fully sound and developed, it should be used for the live trading as well.
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