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blackChelsea
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Posts by
blackChelsea
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Common Mistakes That Make New Traders Lose Money
in
New Traders
Feb 11 at 07:56
It depends how you time the market.
What method do you use to draw past support and resistance levels?
in
General
Feb 04 at 05:15
I prefer using a mix of horizontal levels and Fibonacci retracements. Horizontal S/R levels help identify key price reaction zones, while Fibonacci retracements add confluence for potential reversals. Simple, effective, and works well across different timeframes.
Can forex trading make you rich ?
in
General
May 11, 2022 at 03:59
Yes, it can! But make sure you know how to trade the markets.
Anyone suggest me best broker for forex trading?
in
Experienced Traders
May 11, 2022 at 03:58
Bunch of brokers nowadays but be a little more cautious about the regulations. Pick the one with strong regulations. For a start, Fxview, IC markets or FBS are a few good with strong regulations.
What do you learned while trading?
in
General
Mar 27, 2022 at 05:35
Everyone here knew the good points that are required to become a pro trader. But the reality is a bit different from what all we are doing. As we all are not perfect so its very tough to acknowledge each aspect. When we are doing one good thing we have to compromise on the other. We should think rationally in forex trading and not go with emotions. .
What do you expect from a broker?
in
New Traders
Mar 27, 2022 at 05:28
So far nothing major expectations from fxview but it would be really nice if they add more crypto funding options.
When a trader is a newbie
in
General
Mar 27, 2022 at 05:27
Newbie must have a clear understanding of forex calculations. Other things like indicators and price action comes later in the journey. With calculation I mean, what should be RR and position size. And one last thing is newbie should never forget that se/he is new to the market.
What makes one a Professional Trader?
in
General
Feb 10, 2022 at 07:50
Right strategy and careful back-testing of the trading plan makes a trader pro.
Where is GBPUSD Going?
in
General
Feb 10, 2022 at 07:49
It heads to up just like EURUSD a strong correlated pair.
Is a demo account really neccassary?
in
New Traders
Feb 10, 2022 at 07:44
Demo trading is extremely important when you are a beginner trader and want to understand how this 6 trillion Dollars forex market works. This is just like learning how to swim in a pool before diving into the ocean. I have practised a demo on fxview mt4 for 10 - 11 months which made me notice the whole different practical approach as compared to what I have read. Demo trades really give you a nice exposure and must not be skipped when you’re thinking about entering the forex market.
You need sound mind
in
General
Feb 10, 2022 at 07:44
I agree! Emotions are with a traders till he lives. Removing emotion from trading is not easy. One should trade with proper strategies so that trades are based strong analysis and not on the behavior of the others.
Scalping and trading strategy
in
General
Feb 02, 2022 at 06:50
Scalping is really very risky and have good ROI too. I prefer to lock 5 to 10 pips movement on each trade. And to achieve this one must be observant and stoical as scalper is under immense pressure from extreme volatility in the short term market.
Best Broker for a Newbie
in
New Traders
Feb 02, 2022 at 06:40
Agree! The very first thing should be the regulation only to filter a good broker. When I started I had these options; Fxview Pepperstone Tickmill. These all are best in terms of trading conditions just differ on the fees part.
How much Important of Leverage for Trading
in
General
Feb 02, 2022 at 06:34
As a trader we should take the leverage very seriously. Over leveraged can put you into substantial risk and if under leveraged then you may miss the opportunity. I use leverage when advantage is crystal clear. it is important to track the positions and apply stop loss with each trade so that your capital remains in the protected zone.
Good broker is needed
in
General
Jan 20, 2022 at 11:35
Looking for a broker that meets your trading needs is very skeptical when there are hundreds of brokers available. It is near to impossible to try each one of that then choose.
MacOS MT5 account sync
in
General
Jan 13, 2022 at 09:08
Is that not .dmg file? I have checked on mine and the extension is ".dmg"
Brokers ban deposits from Neteller/Skrill
in
General
Jan 13, 2022 at 08:54
So far, I have not come across any offbeat transactions through neteller. Have used it with many brokers from pepperstone to fxview and so far all my payments have been successful without any hassle.
HEAD AND SHOULDERS
in
General
Jan 13, 2022 at 08:53
90% is huge, what parameter do you consider for the analysis and on what tf you trade mostly?
Mistakes.
in
General
Jan 13, 2022 at 08:51
Have you seen this somewhere or planning to make a such robo as i believe that this is a code only but how you will beat the emotional trading factor?
The beauty of forex trading
in
General
Dec 08, 2021 at 08:27
Beauty is the beast . We must not forget this. :)
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