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Posts by
Fredriksen
Luck is important
in
General
Mar 03, 2022 at 20:43
I can't agree that luck is important. All the situations when I relied on luck and even it was not in trading, I failed. Maybe I am so unlucky that I have never faced real luck, however as a rule people and traders as well have to rely only on themselves, their knowledge, skills and experience. These things are twice important than luck. Those ones who are lucky, can rely on luck, because they understand that luck is on their side and they can always apply to it when they require something. Nevertheless, the most part of people never rely on luck and rely only on themselves. It's a man...
ActivTrades
in
Brokers
Feb 02, 2022 at 12:48
When I just started my trading activity I found out that there is a very risky instrument which is called leverage. It drove my crazy and I thought that I would become a millionaire with this tool. However, as I understand now it often happens, I lost my deposit and decided to be cautious with it. Fortunately, this broker doesn't offer high leverages. Guess that it's even better... no temptation to use and abuse it.
New Trader
in
General
Jan 07, 2022 at 19:22
If you are new to trading, you'd better not start with trading bots and algotrading. You shouldn't have the illusions that trading bots are able to become the source of passive income, They should always be controlled because of the fact that they can ruin your budget very easily and fast. More than that, there is no perfect trading bots in the world. Every robot has its own pecularities and weaks and strong point. An algotrader shouldunderstand those characteristic features and take decisions accordingly. The best way is to build the trading bots on your own in order to have a clear c...
How to Successful Forex Trading Mindset?
in
New Traders
Nov 13, 2021 at 15:05
Successful trading mindset e=means that you have to learn how to weigh risks, you should understand that rushing will ruing your trading career, you must elaborate discipline in yourself and try to comply your strategy and daily plan. I use daily plan, some traders got used to use monthly plan, it doesn't matter, the matter is that you have to comply with this plan and do everything daily in order to fulfill tasks from this plan. For example, I have a system to make 20-30$ per day, and if one day I lose this task, the next day I have to double this sum. You can create your own plan.
Emotional Trading
in
General
Oct 15, 2021 at 19:38
The only way for you to recover from your losses is to learn lessons from this experience. You should analyse your trading and decision making process thoroughly in order to find the exact mistakes which led to the losses. Otherwise, you will repeat your mistakes and you will have the same trading results.
Can someone explain Z-score to me....
in
General
Oct 07, 2021 at 18:27
Working method. A bit complicated in my opinion. But working is the main thing.
The beauty of forex trading
in
General
Oct 06, 2021 at 20:28
I believe that the main beauty of forex trading is that it never ends actually. There is no border at all. You can earn here as much as you can, nobody prohibits you to stay in this activity during the whole life, the matter is a proper money and risk managements. In my opinion, it's the main convenience of forex trading as well as any other kinds of tradding activity. Of course some people sometimes burn out from trading, because it sometimes can be mentally tough to handle the burden, nevertheless in these times market determines who is suitable and who deserves to stay on it further, an...
To learn the art of trading
in
General
Sep 21, 2021 at 20:59
I don't know whether we can call forex trading an art, that is a kind of philosophical question. However, I should say for sure, that if you want to be a success in trading, You've got to devote much time and energy to learning and you should also improve your psychological portfolio and self-discipline.
Fondex
in
Brokers
Apr 27, 2021 at 22:10
It is tough to choose a reliable and honest broker now. There are many brokers, and each of them offers its unique features.I read about many brokers and tried to trade on different terms, but in the end, I decided to trade with Fondex. And I was not mistaken with the choice.cTrader is truly the best trading platform among many others. It's fast and practical, so all you need to do is trade, and you won't have any problems. I use cBots, but I don't know how to create them myself, so I use cBots created by my fellow traders.Also, importantly, the broker allows scalping! Besides, the...
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