Loading...
Continue to Myfxbook.com
Continue to Myfxbook.com
Sign In
Sign Up
Open an account with FOREX.com
FX Tools:
Economic Calendar
Interest Rates
FX Calculators
News
spreads
Sentiment
Forex Heat Map
Correlation
Market Hours
Home
essencejo
Posts
Share
Share this page!
Posts by
essencejo
1
2
1
2
Is a demo account really neccassary?
in
New Traders
Jul 13, 2022 at 06:35
Yes, a demo account is essential, especially if you are a beginner. Demo accounts will assist you in developing your own strategies that will ultimately benefit you in your real account.
Very tough business.
in
General
Jul 11, 2022 at 10:38
Yes, trading is a difficult business, but with regular practice and a good amount of knowledge, you can make it easier for yourself to trade.
Why do you make money trading on demo but not in real market? [Trading Q&A]
in
General
Jul 11, 2022 at 10:37
One of the reasons could be that you know it's a demo and no real money is involved, and with that assurance, you can trade with more confidence and positivity, whereas in live, you have created panic in your own mind, which could hinder your trading performance.
Demo Trading Advantages
in
General
Jul 08, 2022 at 10:59
The benefits of demo trading are that you can practice before using a real account and develop your own trading strategies.
Is Forex risky?
in
General
Jul 08, 2022 at 10:58
Forex, in my opinion, is riskier for those who trade without a proper plan and strategy. Forex trading becomes easier if you know what you need to do and how to do it
Fxview
in
Brokers
Jul 08, 2022 at 10:55
Favourable trading conditions, active chat assistance, and quick withdrawals are what I seek in a broker as a trader. Thankfully, I found fxview to meet all of my requirements.
Does emotion harm?
in
General
Jul 08, 2022 at 10:43
Yes, emotions can be harmful if they are not carefully managed. In terms of trading, I believe that you must be extremely cautious and knowledgeable; mere emotions will not be enough.
There is no short cut
in
General
Jun 28, 2022 at 07:32
Yes, there is no shortcut to success. When it comes to trading your daily trading plan and strategies will only help you to get consistent success.
scalping easy ?
in
New Traders
Jun 20, 2022 at 11:33
Scalping is a good option for experienced traders, but for newcomers, I recommend learning more about it first. Because of this, one should know how to trade and take advantage of small price movements which would be difficult for newbies to understand initially.
The dark side of forex markets
in
New Traders
Jun 20, 2022 at 11:33
The loss of mental peace, in my opinion, is the dark side of forex. When traders begin to lose money, they become more impatient and get easily furious which results in losing their mental calmness, which is something we cannot afford in trading.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
in
General
Jun 18, 2022 at 10:03
I used MT4 when I initially started trading and subsequently switched to MT5. You are free to select any of them. Despite the fact that MT5 is more advanced and comes with better features, MT4 is still the most popular trading platform for Forex and CFDs.
Different approaches of trading
in
General
Jun 18, 2022 at 10:02
Day trading, position trading, swing trading, and scalping are all approaches to trading that traders can use. I personally prefer day trading as I intend to make short-term gains.
Is Forex risky?
in
General
Jun 16, 2022 at 11:15
Yes, forex is risky and difficult at first. However, once you understand it, you will be able to construct your own strategy and feel much more confident. When you trade, there is always the chance of risk, but with time, you develop the courage and confidence that makes you feel good about it.
You need sound mind
in
General
Jun 16, 2022 at 11:14
Yes, you are right. Moreover, having a sound mind benefits you not just in trades but also in life.
Most people fail because
in
General
Jun 14, 2022 at 11:46
One of the main reasons I believe most individuals fail is because they give up. Trading is a long process that takes a great deal of motivation and consistency. Those who give up and lose interest will fail.
Demo can not make you well experienced
in
General
Jun 14, 2022 at 11:45
When I first started trading, a demo account was quite helpful in gaining a better knowledge of the entire process. As a result, I was able to learn, practice, and develop strategies that fit my trading style. Demo trading, in my opinion, helps me in acquiring useful experience and allows me to grow my skills.
How much should you invest in trading
in
Experienced Traders
Jun 13, 2022 at 11:25
I believe it depends on person to person, there is no specific amount as such with which one needs to trade. You can start with any amount as long as you are comfortable with that.
Money Management Tips
in
General
Jun 13, 2022 at 11:20
I believe money management is a skill that should be taught right from the start. It's not just about traders and forex rather this skill is very important to live up to your daily expenses and standard of living.
Forex market offers great opportunity
in
General
Jun 06, 2022 at 10:58
Yes, the forex market offers a great opportunity. It has not only helped me to learn about trading, but it also helps me to build qualities like patience, attention, and perseverance.
Demo can not make you well experienced
in
General
Jun 06, 2022 at 10:58
The demo account is a good start if you are a newbie, when I started using it I got a lot of learning and experiences too, yes, of course, there is a difference between a demo and a live account. But a good thing about this is that we got to know about our skill level and got familiar with trading
You have an Ad Blocker!
Myfxbook is a site supported by advertisements. Here are two ways for you to continue browsing:
Ad Free Subscription
or
Disable your Ad Blocker
Already subscribed?
Sign In
You're not logged in
This feature is available for registered members only.
Registration is free and takes less than a minute.
Click the sign up button to continue.
Unless you're already a member and enjoying our service, then just sign in.
Keep up to date with the markets
Enable notifications to receive real-time important market updates:
Economic Calendar
Forex News
You can disable notifications at any time from your browser.
Unblock Notifications
You've blocked browser notifications for Myfxbook.com. Please enable it:
You can disable notifications at any time from your browser.
PREVIOUS
CONSENSUS
ACTUAL