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Free sources of professional Forex education
in
General
May 04, 2022 at 23:16
Yes maybe, however still many mentors who get new student, although this is not guaranteed after learning from the mentor, however, the main difference learn standalone compared learn from the mentor is we get more motivated and get quick answers when we face certain issues related education, however, the best teacher is experience.
The fear of losing opportunity
in
General
May 03, 2022 at 22:37
Trades need to be patient actually, but sometimes when the price move leaving the line, then leading traders to chase the price, this is like many people said, fear of missing out, often dynamic market make this decision eventually in regret, we can take a lesson from these experience.
Small investment
in
General
May 02, 2022 at 22:32
A demo account is a free to place to practice without any risk, start with a small investment or a low trading budget need to pay attention to the type of account that will be chosen, usually low trading budget is suitable with a micro account that specially designed to beginner traders.
Forex market
in
General
May 01, 2022 at 22:07
The main point is found profitable signal if want to make good profit, or looking good PAMM trader with long time reputable trader that able generate regular profit with low drawdown, forex I think is flexible, we can treat as part-time and spent money that affords to lose, diversify capital also can be used to invest on another asset, mutual funds or crypto-asset now mushrooming and become popular.
Can you borrow money from the bank to trade forex?
in
General
Apr 27, 2022 at 23:18
Forex trading is a risky business, when you are in worse trades, and use the loan for trading, then will make deep regret on your minds, maybe you will get depression because still must pay the loan and you don't have money, keep obeying golden rules investing in risky business, just spent money that affords to lose, one advantage forex can start with low budget trading like $100 even low $10 can start.
Is trading hard?
in
General
Apr 26, 2022 at 23:19
Hard or not I think depending on the situation, when a trader can easily to make a profit in trading, forex trading is easy, but when a trader faces a hurdle to making profit, trading is hard, but in overall assessment, forex trading is not easy, often hear if more than 90% trader fail in forex trading,
Can forex trading make you rich ?
in
General
Apr 25, 2022 at 23:39
Forex included high-risk high returns, today profit can't guarantee will get the same result for tomorrow, in fact, there are successful traders able to make huge money from forex trading, all depending on skills, if skills are still below average, don't spend big money in forex maybe only waste money.
Trading for the long-term
in
General
Apr 24, 2022 at 23:15
Scalping is short term trading with small target pips but opening multiple trades daily, scalping could become a profitable trading strategy but also need patience because a small target only gets small value, in a certain contest, there is scalping trader able to become a winner in a contest, this is great trader generate high profit on the end contest.
Most people become unrealistic
in
General
Apr 21, 2022 at 23:34
Forex trading maybe make some traders confused when setting too high a target untouched and the price bounce hit stop loss but set too tight stop loss will hit stop loss so often, sometimes trader needs to be the realistic target and stop loss to get balance.
Demo Trading Advantages
in
General
Apr 21, 2022 at 08:12
A demo account is a free place to practice and learn trading without any risk, money in the demo account use virtual money, provided by the broker, whereas a newbie can use the demo account for imp0lemented trading strategy and test any trading strategy, learn how to use trading platform, etc.
Emotion in Forex trading
in
General
Apr 19, 2022 at 23:35
Market forex is wild, emotion in trading just like give eat for lion without expertized, in trading should separated emotion and trading, trader need to calm minds to make decision, because every tick price movement worth risk and expectation
Newcomers and demo trading
in
General
Apr 17, 2022 at 23:27
Demo trading is very important for beginner traders where they need to learn without any risk through a demo trading account, almost broker provides demo trading account for learning purposes using virtual money, but work on real market condition, demo trading will useful if trader seriously to use demo trading.
Basic mistake we make
in
General
Apr 15, 2022 at 05:55
Mistake in learning is something useful, sometimes to find a great trading system need to make trial and error, the mistake is a common thing and a trader need to learn from the mistake and then minimize their mistake and not repeat the same mistake, and how to make better trading skill, recognized the mistake can giving the valuable lesson, whether the mistake comes from own selves like as greedy, over trading or from outside like as fail connection, etc.
7 Benefits of using stoplosses
in
General
Apr 14, 2022 at 00:17
Stop-loss is one feature in forex trading to protect from bigger losses when the trend is against the order position, maybe not all traders use stop loss depending on the trading strategy that is implemented, but stops loss is good to manage the risk-based plan trading, traders can learn mistake and try more opportunities with use stop loss
Choosing the Right Broker
in
General
Apr 13, 2022 at 00:52
Each trader has their own option to select one or more brokers.Before I am also using several brokers, but now only use one broker FXOpen.
Guys, What do you think about Central Bank Digital Currency - Dollar/others?
in
General
Apr 07, 2022 at 23:41
Now almost the central bank has a concept to making digital currency issued by CBDC, maybe this can make cryptocurrency weaken, but yes let's see what happens later, the world-changing to digital payment, but I think cash money like paper and coin still needed.
Basic mistake we make
in
General
Apr 06, 2022 at 22:45
Sometimes traders although they know and understand if they do it will become a mistake, but still like to repeat the same mistake over and over again, fear of missing out included the common mistake because tempted by the price movement that seems very confident to take profit
You need sound mind
in
General
Apr 06, 2022 at 00:22
Emotion is the big enemy that comes to mind, if traders cant control emotion properly could lead them to make the wrong decision and resulted in bad result too, forex trading besides needing knowledge also need to build good psychological trading, this is also an important point in forex.
Making consistent money
in
General
Apr 04, 2022 at 23:35
Making a consistent profit is no easy task, trading forex needs patience, the loss is part of trading that is sometimes inevitable, skill how to manage the risk accompanied with determining the best entry point and good psychology trading, the market will earn for patience trader almost and impatience trader often faces difficulties to make a consistent profit.
Fear is the greatest reason
in
General
Apr 03, 2022 at 22:19
Fear included human nature, sometimes fear come because of something scary in mind, while in forex trading, fear is because imagine losing trades, how to overcome the fears and Traders need confidence with their trading skills and practice in the real trading accounts, many working hours in trading they can control fear in a better place.
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