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electrica333
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electrica333
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Time Management
in
New Traders
Jan 09, 2023 at 11:37
Time management is very important in trading because you should know when to enter and exit trade in order to keep up with the market trends.
For new trader, finding a regulated broker is VERY important.
in
New Traders
Jan 09, 2023 at 11:34
It is crucial to trade with a regulated broker to be protected on all fronts. So when it comes to broker, I use aaafx since they are regulated and has some of tightest spreads that I'd like to see in broker.
Learing
in
Experienced Traders
Jan 09, 2023 at 11:30
You can study from trading books based upon your level of preference also podcasts are a great help.
Favorite financial markets movies and series?
in
General
Jan 06, 2023 at 10:20
It's my favorite too ! very insightful.
Good broker is needed
in
General
Jan 06, 2023 at 10:18
Got to know that aaafx has a zero commission for forex trading, did anyone try them out?
There is no short cut
in
General
Jan 06, 2023 at 10:14
I believe the same. We should always follow the right path of smart-work along with knowledge which is necessary to be used in trading, because shortcuts lead to no good.
Tips To Make Profits Daily
in
General
Sep 13, 2022 at 10:37
In order to make profit in trading, you have to trade daily and learn your strategies so that your trading is at its best:1 Monitor pivot levels closely.2.Trade with an edge in trading always.3. Preserve your trading capital mindfully.4. Simplify your market analysis.5. Place stop loss at reasonable levels.
Why are some traders successful?
in
General
Sep 13, 2022 at 10:33
Yes, consistency is crucial for long-term success, but other factors like patience, smart trading, and the right strategies also help you to become a successful trader.
MT4 or MT5
in
General
Sep 13, 2022 at 10:31
My experience with mt4 is that it is more accessible and easy to use, with much more comfortable tools than Mt5. Although I am thinking of trying my hands on it too.
The worst trading advice you can get
in
General
Sep 12, 2022 at 10:46
The worst trading advice I ever got was that forex is about knowing the basics, and in-depth knowledge isn't important, which now seems unrealistic and ridiculous.
What makes one a Professional Trader?
in
General
Sep 12, 2022 at 10:45
I feel the professional traders have these following unique traits:1. They know the difference between fake breakouts and reality. 2. Loss cutting.3. Inquisitiveness.4. Simple and clear planning .5. Realistic.
What is the trading psychology for you?
in
General
Sep 09, 2022 at 07:22
Trading psychology really plays a major role in trading because if one does not have control over emotions then the trades will move with a weak mindset because of interference of your mood and the trader will not be able to get most out of his trades.
Most people become unrealistic
in
General
Sep 09, 2022 at 07:20
I totally agree with the fact that success doesn’t happen overnight, it's not necessary to move mountains or cross bridges to attain your goal but consistency and discipline can bring you close to your aim. And for trading goals practice is a must.
What is Forex Trading? What is the profit principle?
in
General
Sep 09, 2022 at 07:19
Forex trading basically determines the exchange rate of the currencies and you can earn profit with the simple logic that you can simultaneously buy one currency and sell another no matter what the market position is, so you should know how to study the market movement in order to make some good returns.
Psychology
in
General
Sep 08, 2022 at 11:41
We should understand some facts in early stages of trading that if we let our emotions control our reflex actions then it would bring no good results and trades will not obviously perform better. Our actions should only be driven by logical decisions and knowledge we hold, if there is any emotional imbalance due to lack of control then it can seriously reflect in your trades.
The future of Alternative Intelligence in trading
in
General
Sep 08, 2022 at 11:40
Trading will become highly automated when AI steps in, users will lack personal control and in some way I feel the growth of understanding the trades might also get decreased because then we will rely on system to conduct the major portion of trade by themselves with us having little authority over trades, although we can save great time with AI’s in trading. Everything has its pros and cons and alternative intelligence would surely have a huge impact on the trading industry.
Keep your innovation running
in
General
Sep 08, 2022 at 11:38
Having a progressive mind which brings out new ideas constantly is the need of hour in trading because then only new methods and strategies to trade develop, I always try out my hands on trading charts which makes me gain confidence and strategize my trades.
When a trader is a newbie
in
General
Sep 07, 2022 at 12:01
When you’re a newbie in trading one should keep in mind:1.Learn the basics on demo trading account.2.To always be a learner.3.Taking risks which one can afford.4.Use low capital initially to begin with.5.Have a trade checklist.6.Avoid shortcuts.7.Review your trades.
Can forex trading make you rich ?
in
General
Sep 06, 2022 at 11:31
We should always know the fact that the foreign market is the largest and most liquid market in the world, but trading currencies is very different from trading stocks or commodities so to get rich while trading in forex one should take baby steps of learning and should set one goal in order to accomplish it, becoming rich would then come as gift. Chase the learning and work on outcomes.
Why do you make money trading on demo but not in real market? [Trading Q&A]
in
General
Sep 06, 2022 at 11:30
People get overpowered by their emotions when doing live trades. The result of fear is reluctance to enter into a trade or premature closing of a winning trade. We should decide what’s best for us with practice and emotions should be managed while trading.
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