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Superfluous
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How much should you invest in trading
in
General
May 05, 2022 at 04:41
Traders should trade only the money they can afford to lose. They should also prefer using strict risk management strategies.
There is a proverb that practice
in
General
May 03, 2022 at 05:48
Practice gives the trader experience which helps in refining the trading skills.
What Geopolitical Risk Really Means to Your Trading
in
General
Mar 28, 2022 at 05:43
The forex market has become highly volatile and unpredictable due to geopolitical conflicts. But now the market has begun to come back to the track. I am hoping for the best.
Is a demo account really neccassary?
in
New Traders
Mar 22, 2022 at 07:41
A demo account is needed in the beginning. You need to spend some time understanding the market and when you can do that without having to risk your money, I think there is no reason you shouldn’t do it.
How does experience come?
in
Experienced Traders
Mar 21, 2022 at 06:46
Experience is not something that can be acquired, but is rather something that is earned with passage of time. A journey full of victories and losses, traders need to understand that it is essential to keep working, updating your trading style and methodologies in accordance with the dominant trends in the market to last long in the field and earn maximum profits.
How much should you invest in trading
in
Experienced Traders
Feb 21, 2022 at 07:29
A very common query and confusion among novices, trading can be started with an amount as little as $100. Another benefit of forex trading is that you don’t need a fixed capital to trade. So, rather than worrying about capital, you spend time honing skills that will help you multiply your investment.
GOLDEN Rules of Profitable Trader's
in
Experienced Traders
Feb 21, 2022 at 07:20
Golden rules for all traders for succeeding are: focusing on only your trading system and devising your own set of strategies, honing risk and money management skills in order to survive long, have a risk reward ratio above 1:2, and most importantly manage emotions.
Various Reasons why ppl use a lot of brokers.
in
General
Feb 17, 2022 at 10:12
Traders may require different conditions for different strategies and it is not possible for one broker to satisfy all those needs. For instance for day trading I need lower spreads and faster execution and for that I’m using turnkeyforex, but for someone looking at lower swap rates for position trading some other broker might be more suitable.
money manage and leverage
in
New Traders
Feb 14, 2022 at 03:59
Money management is extremely important when it comes to trading using leverage as over-leveraged accounts often lead to depletion of funds. Further, if the trader fails to cover up, it leads to liquidation of all trades.
Diffrence between real & demo trading
in
New Traders
Feb 08, 2022 at 08:01
Money is the key factor that differentiates trading through a real account and a demo account. In my opinion traders of all sorts should start their journey using a demo account. Demo accounts are basically helpful in gaining experience and testifying new strategies until you find your comfort zone. It is never a wise decision to stake your hard-earned money without enough information about trading.
scalping easy ?
in
New Traders
Feb 07, 2022 at 09:52
It is difficult to answer this question as it completely depends on the trader’s strategy and skills. Scalping can be extremely profitable as it reduces the chances of reversal which further aids in accumulating profits from short term trades.
Anyone Trading For A Living?
in
Experienced Traders
Feb 07, 2022 at 09:38
Yes, I switched from being a full-time educator to a forex trader. The factors that led me to walk down this road were the convenience to trade 24/7, easy entry and exit as well as low cost of trading as well. Also, unlike other businesses, trading doesn’t require a lot of capital investment as well.
Whats your opinion on the most important aspects of a trading system
in
Experienced Traders
Feb 04, 2022 at 06:57
In my opinion the most important aspect that should be possessed by all traders should be risk and money management strategies. It is the root behind the success of any trader.
Demo can not make you well experienced
in
General
Feb 04, 2022 at 06:52
Demo can’t make you a trader because it isn’t the same as the actual trading platform. There are some loopholes; you don’t risk money from your pocket; and you don’t trade with emotions. These two aspects are important to become a forex trader. Demo accounts are helpful to train and develop trading skills, but can’t turn you fully into a pro trader.
There is no short cut
in
General
Feb 04, 2022 at 06:45
Definitely! Becoming a successful forex trader demands time and persistence. Many new traders who come with the hope of making quick profits ignore the notion that becoming a successful trader is hard work and can take years. If you are new to forex trading, please take time to educate yourself first and then expect something in return.
a good trading strategy
in
New Traders
Feb 03, 2022 at 07:24
A good forex trading strategy is an essential part of having success in the foreign currency market. Without a strategy, you may place trades randomly without regard to any type of criteria. With a good strategy, you have the ability to make more money on your trades with less hassle.
Hello everyone
in
New Traders
Feb 02, 2022 at 08:02
Hello, welcome to the community. Learn about the fundamentals first it will give you a better understanding of forex trading. All the best
Tips To Being A Successful Trader
in
New Traders
Feb 02, 2022 at 08:00
A successful trader is someone who doesn't let his emotions come in between his trading decisions. Psychology is a very important aspect in forex trading, and it is something that should never be ignored. Therefore, I would suggest you to learn to manage your emotions well.
Which pair do you use?
in
New Traders
Feb 02, 2022 at 07:53
The currency pair you choose is very important because this is what decides your profits in trading. It’s good to choose the pairs which you really understand. I trade major pairs because of their stability.
You need sound mind
in
General
Feb 01, 2022 at 07:37
Doing forex trading with a sound mind and a good strategy will bring you a lot of profits. A trader should always do forex trading with a sound mind because it will affect the way you trade. It is not good to do forex trading while you are angry or sad, because emotions can affect your judgement and you won’t be in a position to make good decisions.
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