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Forex market is an unpredictable
in
General
Jan 04, 2022 at 23:05
Yes, traders only try to analyze the market based on technical trading tools and also fundamental news to filter trading decisions, because no accurate trading analysis 100%, hence traders need to trading use risk management, stop loss, trailing stop, hedging os few ways to manage the risk.
Indicators are useless
in
General
Jan 03, 2022 at 23:02
Just no perfect indicator exists, the indicator only as help tool created by expert and experienced trader, a trader needs to learn how to use the indicator and its function, besides to use indicator also important to keep plan trading work with risk management plan, here most trader use stop loss or trailing stop feature, some trader using hedging position etc
There is no short cut
in
General
Jan 02, 2022 at 22:57
Yes, forex trading is not easy, this needs huge effort and hard work, but as an investor, they have the option to look good manager PAMM if they have no sufficient skill to trading with own hand, and of course, choosing manager PAMM also need research and keep investing money based golden rules, just spent money that affords to lose.
METHOD OR DISCIPLINE?
in
General
Dec 30, 2021 at 22:39
I think both are intercorrelation, the trader need a good method and then also they need good discipline to implement the method, because good method if they cant discipline hence will also useless, it will reduce trading performance of the trading methodology.
Good broker is needed
in
General
Dec 29, 2021 at 22:54
Choosing a broker is important for the successful trader, I think there is no successful trader without get supporting from a broker, it included trading condition, quality trading server, fast speed trading execution, good customer support, and if the trader already found the criteria of broker, usually will comfortable to use, I am already found the right broker
Demo can not make you well experienced
in
General
Dec 27, 2021 at 23:30
A demo account is useful to backtesting strategy, but indeed to build good psychology trading, a demo account will cant give emotional pressure, and only on real trading account traders will feel real emotion, and here they can learn how to run plan trading with patience and learn from so many mistakes, but demo account is good step to learn forex trading before starting on a real account.
profits in forex trading
in
General
Dec 26, 2021 at 23:16
Yes indeed making consistent results in profit s not always easy in practice, there is no perfect trader exist in the forex business, the risk is always involved and there, but if the trader has an accuracy of more than 80% it already has good trading performance, eventually they will make money from trading.
Beginners Greed
in
General
Dec 23, 2021 at 23:00
Actually, as human nature, as greedy not only beginners but experienced traders also possible appear greedy on their minds, especially when they look the confidence analysis, will increase lot size because they sure will obtain profit, but what happen the market is dynamic, one tick changes will make all plan messed up when greedy trading.
Time frames for currencies
in
General
Dec 23, 2021 at 08:13
On EURUSD I am using multiple timeframes, daily, i use this timeframe to analyze the major movement of the trend whether bullish, or ranging, or bearish, then using H1 to analyze for short-term trading, usually my trading setup is simply waiting on support and resistance zone.
Control your greed.
in
General
Dec 21, 2021 at 23:01
Forex trading need money management to manage the risk, greedy is not the answer for becoming rich from forex trading business, but it like a suicide account because greed will make worst emotion and bad psychology, although maybe work at certain time, but overall trading based greedy only will make failure
Defination of a Good Trader?
in
General
Dec 20, 2021 at 22:08
In simple mean good trader is they already able to make profit regularly in forex trading, although not always make a profit, but in fact, they can make a good profit on last period of time, maybe trader get loss but overall trading still higher gainer than loss trades
Everything You Need To Know About Forex Swaps In 2022!
in
General
Dec 19, 2021 at 22:41
Now there are some broker already offer Islamic account or free swap account, in Islam, the overnight fee is prohibited by law, and broker offer free swap account to attract many traders from Muslim, the advantage free swap account, although hold order more than a day will not charge by swap fee, suitable for long term trader,
Greed is when your expectation
in
General
Dec 16, 2021 at 23:01
I think greedy is the most enemy for trader, although trade has long experience in trading always greedy, it will fail at a certain time because market very dynamic and no exact prediction will always accurate, greedy usually appear when trader over confident or he in bad emotion control.
Loss
in
General
Dec 15, 2021 at 22:02
Yes, i think no one trader in the trading career is able to trade without loss, loss is part of trading, sometimes you want to avoid the loss but actually, you can't, forex market movement is very dynamic and unpredictable, sometimes enforced trader to get lost and the most important is although we get lost but still able to control emotion tp avoid next loss because bad trading decision
The fear of losing opportunity
in
General
Dec 14, 2021 at 23:06
I think FOMO is the worst habit of so many forex traders because tempted by price movement and then chase price although already missing good entry.Just like waiting for a bus on bus station safer than pursuing bus when already runnng
EURUSD Analysis thread (Ongoing)
in
General
Dec 13, 2021 at 23:22
If you look back on the monthly timeframe, the trend long term is a downtrend, but this months price move is still on the range dailyshort term trading scalping still profitable in this condition
Bonus and Brokers
in
General
Dec 12, 2021 at 22:57
Bonus they have certain rules as a restriction, sometimes broker offer a big bonus but actually useless because cant withdraw profit bonuslike as giving small fish to get big fish, if want trade use bonus, looking broker that offers a bonus but easy rules to withdraw the bonus.
Broker ECN (low spread) Cents account.
in
General
Dec 10, 2021 at 00:10
i am using FXOpen but use an STP account, as I know this broker is a true ECN.
Forex is an investment business
in
General
Dec 08, 2021 at 23:19
Yes I think so, all traders that come and joined forex want to make money and will become favorable businesses when able to make profit regularlyand the successful trader also will pay attention when choosing broker, regulated and low spread broker is more favorable for traders
Broker ECN (low spread) Cents account.
in
General
Dec 07, 2021 at 23:04
Sometimes leverage becomes a problem when trader chooses high leverage, you may get offered leverage of more than 1:1000, when trade use this leverage, and facing loss trading and margin call account, it is possible your balance become negative value, but if choose low leverage, hence although face margin call but in account balance still left some bucks.
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