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Posts by
Telenergy
Does forex strategies usually work>
in
General
Jan 27, 2022 at 05:14
If formulated by keeping all the factors in mind, strategies can do wonders for you. You cannot just copy a strategy. A strategy working for one trader might not work in the same way for you. You will either have to practice with that strategy for a long time or you will have to customise it according to your trading style.
Making consistent money
in
General
Jan 25, 2022 at 05:15
Consistent profits are made by only a very few traders who have been trading for years now. Their trades are well planned and they do not have greed for more because they have learned how to control their emotions over the past years. For beginners, just be consistent with your efforts and returns will be there for you eventually.
When a trader is a newbie
in
General
Jan 25, 2022 at 04:13
It is also advisable that newbies start trading with a demo account while they learn. This will help them in learning practical aspects better because theoretical knowledge alone is not enough. Also it will make the whole process of learning a lot more interesting.
Be productive
in
General
Jan 25, 2022 at 04:13
In order to be productive, it’s also important that you acquire knowledge from a reliable source. Any unverified knowledge can waste your money as well as valuable time meant for learning.
Diffrence between real & demo trading
in
New Traders
Jan 24, 2022 at 06:15
The main difference between a real account and a demo account is that a real account uses the money you actually have in your bank or credit card, while a demo account "pretends" to use virtual money.
Stop loss is a killer if
in
General
Jan 21, 2022 at 05:49
Many people struggle with placing a stop loss. Some of them even stop using it because their stop loss is hit most of the time. But not using it results in even bigger loss. Yes, the price may sometimes go against your position and then come back again to make you profit but since your risk isn’t covered, it is highly likely to make you a big loss.
The fear of losing opportunity
in
General
Jan 21, 2022 at 05:48
This happens with many newbies. After learning, they are eager to apply things in real trading. So, if they see a chance to enter a trade, emotions trigger and they fear that the opportunity may be lost if they wait any longer. Some traders actually earn profits in this situation but most of them lose because the decision made is emotion based and not well calculated.
Newcomers and demo trading
in
General
Jan 21, 2022 at 05:10
Beginners should always practice on demo accounts that are offered by almost all the brokers. This is because it will give you an idea of how the platform functions, how you can use different tools and how you can make the best use of it.
Demo can not make you well experienced
in
General
Jan 20, 2022 at 05:19
Demo trading will save you from losing your hard-earned money. It will let you practice and learn how to trade with less risk of getting burned. You can also test your system and analyze your strategy for free. This will give you the chance to see if you are doing it right.
Most people become unrealistic
in
General
Jan 19, 2022 at 07:04
It is important to know that most people become unrealistic when they begin to trade in forex. They expect to become wealthy in no time, or they may even want to become millionaires overnight, but this is something that will most likely never happen. Forex is a long-term game, and you should never expect to become wealthy overnight.
There is no short cut
in
General
Jan 19, 2022 at 07:00
In forex, there is no shortcut, but there are many strategies that will help you to be successful in forex. These include using moving averages, price action, pivot points, and more. Forex trading is challenging yet rewarding. Just remember not to get discouraged by the fluctuations in the market, and stick with a strategy that helps you keep your emotions balanced while you make money.
What makes one a Professional Trader?
in
General
Jan 18, 2022 at 07:45
A professional trader needs to have the right mindset, follow a system that is profitable in the long run, have discipline, and be able to handle risk.
Basic mistake we make
in
General
Jan 18, 2022 at 07:41
The basic mistake that new traders make is that they are not prepared with the research and knowledge needed to make an informed decision. Inexperienced traders are often not ready for the emotional roller coaster associated with trading. This leads them to make rash decisions that end up costing them a lot of money.
Mistakes.
in
General
Jan 18, 2022 at 06:05
A trader should always learn from their mistakes. One can only move forward by knowing the mistakes they have made. This will enable them to make better decisions in the future.
Emotion in Forex trading
in
General
Jan 17, 2022 at 06:08
Emotion in trading can lead to more losing trades. A trader should focus on executing trades based on a strategy and should not get affected by the emotions of greed, fear, and hope. This can lead to a trader having good risk control, where one does not take unnecessary risks.
Forex Amount
in
General
Jan 14, 2022 at 04:27
A trader should start with an amount that is small enough to be liquidated if the trader experiences a string of losses. Before trading, a trader should learn and understand the principle of risk management. This will give the trader the ability to calculate their risk level before trading and use it as a guide to determine the amount of cash they feel comfortable starting out with.
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