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PaulinaWagner
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PaulinaWagner
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How to read news???
in
New Traders
Sep 14, 2023 at 08:58
When an event is labeled as "High Impact" on an economic calendar, it signifies that the event is likely to have a significant influence on financial markets. These events often involve major economic indicators or news releases, and they can lead to increased market volatility and price movements.
Learn swing trade
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New Traders
Sep 06, 2023 at 14:00
Start by learning the basics of forex trading, including technical and fundamental analysis, and look for educational content online.
Learn swing trade
in
New Traders
Sep 06, 2023 at 14:00
Start by learning the basics of forex trading, including technical and fundamental analysis, and look for educational content online.
The main reason for traders to fail is that they make a psychological mistake.
in
New Traders
Aug 14, 2023 at 12:59
Absolutely, you've hit the nail on the head. While having a solid trading strategy, skills, and understanding the market are crucial, the psychological aspect is often the make or break factor in forex trading. Your observations align with what many experienced traders have come to realize over the years.
What should beginner traders trade?
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New Traders
Jul 26, 2023 at 15:23
the best choice for beginner traders will depend on their individual circumstances, preferences, and willingness to learn and adapt to the markets they choose to trade.
Daily Profit Calculations
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General
Jul 05, 2023 at 17:36
Note starting balances.Track trades: entry/exit prices, volumes.Calculate profit/loss per trade.Sum up individual profits/losses.Consider additional factors (fees, interest).Total profit/loss for the 24-hour period.
sentiment question
in
General
Jul 05, 2023 at 17:03
Hey, you know what? I'm in such a good mood today! I'm feeling super happy, positive, and content. It's like everything is going my way, and I can't help but have this big smile on my face. I feel like I'm on top of the world and ready to take on anything that comes my way. Life is just great, and I'm loving every moment of it!
What do you do while waiting for market to breakout?
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General
Jul 03, 2023 at 16:02
While I'm waiting for a market breakout, I use the time to review and fine-tune my trading strategy. I carefully evaluate my past trades, identifying both my strengths and weaknesses.
fixed spread brokers
in
General
Jun 14, 2023 at 17:12
The choice between fixed or variable spread brokers depends on individual trading strategies, preferences, and market conditions. Some traders may prefer fixed spreads for their predictability, while others may prefer variable spreads for potential cost savings
strategies on EURUSD
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General
Jun 13, 2023 at 18:04
Trend Following: Riding the trend can be effective. Identify the prevailing trend using indicators like moving averages and focus on trading in the direction of that trend.
Forex trading is not gambling
in
General
Jun 13, 2023 at 18:01
You hit the nail on the head! Forex trading is often mistaken for gambling, but it's quite different. Unlike gambling, forex trading requires knowledge, analysis, and strategy. It's about making informed decisions based on market trends and economic factors
AVOID ROBOT TRADING SYSTEM
in
New Traders
Jun 12, 2023 at 17:15
You're absolutely right! While automated trading systems, or "robot trading machines," can be enticing, it's essential to recognize their limitations
New to the game
in
New Traders
Jun 12, 2023 at 17:12
When picking an expert advisor (EA), do your homework! Check user reviews, look at the EA's past performance, and make sure it suits your trading style
mt4 issues
in
General
Jun 08, 2023 at 17:52
During highly volatile periods, such as major news releases or economic events, slippage is more likely to occur. Stay informed about such events and consider adjusting your trading strategy or avoiding trading during those times to minimize the impact of slippage.
Tag Counting
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General
Jun 08, 2023 at 17:50
To efficiently count tag occurrences in Myfxbook, review your trade history and manually note down the frequency of each tag. Alternatively, export the data to a spreadsheet and use functions like COUNTIF or Pivot Tables for automatic calculations
I want to be a billionaire
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New Traders
Jun 07, 2023 at 15:26
I admire your ambition, but aiming to become a billionaire in just a couple of years through forex trading may be overly optimistic. Trading takes time, experience, and a realistic approach. Focus on continuous learning and improvement, set achievable goals, and enjoy the process of growing as a trader.
Entry Point Decision
in
New Traders
Jun 07, 2023 at 15:24
Sorry to hear about the recent setback you faced. Determining entry points can indeed be tricky. While I'm here to provide information and support, it's important to remember that trading decisions should be based on your own analysis and strategy.
technical or fundamental
in
General
Jun 05, 2023 at 15:47
Oh, that's a tough one! If I had to choose, I'd say my favorite is technical analysis. Why? Well, I find it fascinating to study price patterns, chart indicators, and historical data to predict future market movements.
trading mindset
in
General
Jun 05, 2023 at 15:41
maintain a disciplined and resilient mindset, even when faced with losses. And focus on risk management, learning from mistakes, and sticking to our trading plan.
Trading confusion
in
New Traders
May 24, 2023 at 14:33
It's always a smart move to use demo accounts before implementing a trading strategy in real Forex trading. Demo accounts allow you to test your strategy in a risk-free environment using virtual money
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