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Posts by ElbowMusic

Patience is best tool to get success In New Traders Jul 28 2020 at 11:04
Patience is important. It is better to wait for the right trade compared to jumping into a bad one
Post Why should you as a trader pay attention to interest rates? In New Traders Jul 28 2020 at 11:03
With interest rates close to 0% in developed countries (and likely to stay that way for many years). Haven't interest rates lost their importance. It is the CHANGE in interest rates that can drive currency changes and as rates are expect to remain the same in all developing countries this is likely to have no impact on fx prices
1:200 leverage In New Traders Jul 28 2020 at 11:01
Why is high leverage risky? The higher the leverage the lower the amount that you need to deposit with the broker and hence the smaller the amount that you can lose.
EUR/USD In New Traders Apr 03 2018 at 11:16
I see this as a good buying zone. I expect to see EUR up to 1.40 by the end of the year
What do you wish to achieve through forex? In New Traders Apr 03 2018 at 11:16
I do worry how hard it is to profit. There seem to be so few traders that achieve this, even after years of work.
high leverage In New Traders Apr 03 2018 at 11:16
leverage is what makes Forex possible for retail traders to trade but too high leverage is madness and can wipe out an account
AUDUSD In New Traders Apr 03 2018 at 10:50
I'm stil bullish. entering on pullbacks
Need help for be a good trader In New Traders Apr 03 2018 at 10:43
Great advice. I wish i'd had that a few years ago!
AUDUSD In New Traders Mar 22 2018 at 13:18
AUD/USD falling now. I can see it getting down to at least 0.7690
Need help for be a good trader In New Traders Mar 22 2018 at 13:18
Don't spend too much money on paid education. There is loads of free information out there. babypips is a good site
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.