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Vomitoryy
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There is no short cut
in
General
Dec 29, 2022 at 10:37
Learning is a gradual step, and experience can teach us many things and insights that even mentors cannot teach because our experiences and our observations are subjective.
What makes one a Professional Trader?
in
General
Dec 29, 2022 at 10:31
Yes, a trading journal can set things in motion and can help traders stay on the right track.
How much should you invest in trading
in
General
Dec 29, 2022 at 10:06
Your risk- tolerance, experience, capital, and strategy determine that. Low investment, in the beginning, works wonders.
Learning and earning
in
General
Dec 29, 2022 at 10:02
Learning is the first step before we can earn. The market is risky, and if we trade without knowledge, no one can save us from our financial doomsday. Practising on a demo account and constantly updating our knowledge helps.
Successful Traders Mindsets
in
General
Dec 23, 2022 at 12:05
Yes, that is true with all successful traders. They learn with a calm and open mind when failures touch them. They manage their risks perfectly well, though.
Does forex strategies usually work>
in
General
Dec 23, 2022 at 11:57
Forex strategies work, period. But it depends on the trader and the strategy they use. Plus, tweaking strategy with time is crucial because the market is dynamic and prone to change.
What is the trading psychology for you?
in
General
Dec 23, 2022 at 11:47
Without knowing how to control emotions, one cannot reach success, and that is what the knowledge of trading psychology teaches anyone who wishes to trade.
Demo can not make you well experienced
in
General
Dec 23, 2022 at 11:43
Both live and demo trading have their own pros and cons. The real sense of trading can be felt only on a live account, but a demo account is crucial because it helps you understand how the market works without losing.
Why are some traders successful?
in
General
Dec 23, 2022 at 11:39
I totally agree with you. It is one's skills and mental attitude that can make one successful. one can learn through books or courses about that.
5 Things I have learned in 5 years of trading!
in
General
Dec 22, 2022 at 12:37
Learning is crucial. But experience adds even more to that learning, as experience makes you go through various successes and losses that make you a successful trader.
Money Management Tips
in
General
Dec 22, 2022 at 12:33
Money is crucial to maintain, not just in the forex market but in life as well. If one does not know how to manage one's money, there will be all chaos and loss.
NEW TO TRADING
in
New Traders
Dec 22, 2022 at 12:28
You have to consider working on your emotions and how to control them while learning how to trade because trading psychology plays a crucial role in the success of a trader.
How long on a demo account
in
New Traders
Dec 22, 2022 at 12:26
That’s what they all should consider. Many beginners want to rush the process while forgetting that it is this practice on a demo account that will make them successful.
Consistency is the brick
in
General
Dec 20, 2022 at 12:03
I second your opinion! Consistency helps further one's career by focusing on what's important instead of focusing on mistakes and negative aspects.
Tips and tricks!
in
New Traders
Dec 20, 2022 at 11:57
True that! Many people run after strategies without realising what will suit them.
Is a demo account really neccassary?
in
New Traders
Dec 20, 2022 at 11:50
A demo account is a must. But if you wish to gain more experience and if your capital allows you, you can start trading using a micro account. It has its own perks.
Have a plan and stick to it
in
New Traders
Dec 20, 2022 at 11:42
Yes, it can be challenging at first. But if beginners are determined enough to trade according to their plan and are consistent in their approach, they will profit.
Patience is best tool to get success
in
New Traders
Dec 19, 2022 at 09:39
Yes, I believe the same. It is through experience that one develops skills and becomes successful.
How to increase trading skills ?
in
New Traders
Dec 19, 2022 at 09:28
I won't say that it is enough because learning is a constant process, and trading is, in itself, great learning. But if you are learning a lot and practising what you learn, as you mentioned, it would be helpful. Learn and practice to gain knowledge and not rush the process.
Is demo trading enough before real account?
in
New Traders
Dec 19, 2022 at 09:18
Beginner traders can understand price movements and it gives them the confidence to trade on a live account.
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