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jonathandaniel
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jonathandaniel
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Fundamental Analysis
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Experienced Traders
Sep 29, 2021 at 09:30
If you are a short-term trader, I would suggest using technical analysis and if you are a long-term trader, you can go for fundamental analysis. But if you can make use of both of them, you will be better off.
Undercapitalisaton
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Experienced Traders
Sep 29, 2021 at 08:19
You learn better when you have put your money at risk. If you keep trading on a demo account, you won’t gain anything more than confidence. So after a specific time spent demo trading, go live with a small account.
Swing Trading vs Day Trading
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New Traders
Sep 29, 2021 at 06:40
I think it is best for a trader to choose the best trading strategy on their own on the basis of their trading requirements. You can do both swing trading and day trading side by side and see which fits best with your trading needs.
How does experience come?
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Experienced Traders
Sep 28, 2021 at 09:13
As a beginner, the best way to get some experience of trading is by opening a demo account. Once you have learnt how to use trading platforms and have a clear picture of what your broker offers, you can go live but use a small amount, because you are yet to discover how the live forex market looks. This is the best way to build your experience in the forex market and learn step by step.
Risk management and position size
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Experienced Traders
Sep 28, 2021 at 07:21
No, there is never a specific setting that I use while trading. It varies from trade to trade and currency to currency. But yes, the risk is never more than 5% of my total trading capital.
Broker recommendation!
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Experienced Traders
Sep 27, 2021 at 11:13
I use Coinexx. Their trading conditions are quite good. The orders get executed quickly and there are no price delays.
Experienced trader
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Experienced Traders
Sep 27, 2021 at 07:06
Every experienced trader was once a new trader. But what differentiated them from other traders is the fact that they decided not to give up and kept trying over and over again. It takes years of experience to become a profitable trader.
Forex Trading Psychology: Levels of FEAR
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Experienced Traders
Sep 25, 2021 at 09:25
When your real money is involved, the fear of trading is quite natural. But you must not let fear come in your way of making your trading decisions. You can add activities like Yoga and Meditation to your daily routine to be able to control your emotions.
How to answer what do you do for a living?
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Experienced Traders
Sep 24, 2021 at 07:57
It is completely up to you to what extent you wish to tell others what you do. You can give them the basic definition of forex trading and that’s enough I guess, because most people won’t get what you are doing if they have no idea about it.
Whats your opinion on the most important aspects of a trading system
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Experienced Traders
Sep 24, 2021 at 07:07
You have to be really careful while building your trading strategies. Do mention your entry and exit points clearly and follow them when you are in the live market. Understand the importance of not getting distracted from your trades and stick to what you have already decided instead of deviating from what you were already doing.
Forex Signals
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Experienced Traders
Sep 23, 2021 at 08:16
It is difficult to guarantee anything in the forex market. So I’m quite sceptical always of using signals.
GOLDEN Rules of Profitable Trader's
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Experienced Traders
Sep 23, 2021 at 07:55
Surely the golden rules that everyone needs to follow! When a trader knows what they are doing, nothing seems difficult. They might not make any profits but their losses also come as lessons to them, which is the right mentality to trading forex.
How much should you invest in trading
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Experienced Traders
Sep 23, 2021 at 07:11
There is no limit to how much you can trade with other than your broker’s requirements. But yes, you must always start small when you are going live. You can choose an amount that you find suitable for trading as per the risk you wish to take.
Best forex demo account brokers
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General
Sep 15, 2021 at 12:22
Try coinexx. Its demo trading environment helped me practically recognize my trading strengths and weaknesses. Spreads and all are the same in its live and demo accounts.
Tips To Being A Successful Trader
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New Traders
Sep 03, 2021 at 09:24
It’s completely okay to make mistakes in the market because that’s what teaches you the most important trading lessons. Risk a small amount if you are not sure about the market or your strategy. And when you get an idea of what is happening, you can gradually increase the amount.
FX Trading Tips
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New Traders
Sep 02, 2021 at 07:51
Learning comes with time. The more you spend time trading, the better you get at it. Give yourself some time because you need to understand the market before you expect it to work in your favor. First, gain some experience on your demo account and then, go live but with an amount that you are comfortable losing. Take steps one by one and it will go smoothly.
lost
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New Traders
Sep 02, 2021 at 06:22
The beginning of your trading career is often the toughest part because you have no idea what is going on and what you should be doing in that particular situation. You need to keep calm and just analyse what is happening around you. You don’t need to react and open a position if you don’t understand. Just take your time to figure out things so that you don’t make a wrong move.
Money
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Trading Systems
Jul 21, 2021 at 07:20
Great trading! Fantastic results! It also feels good to see such good trade outcomes.
Best Crypto to Invest in these Times.
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Crypto
Jul 21, 2021 at 07:17
Here are the top 5 cryptocurrencies to invest in now.1. Bitcoin2. Ethereum3. XRP4. Cardano5. Stellar
News trading is very tempting
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General
Jul 20, 2021 at 06:05
That’s true. News trading is not profitable every time because that makes the currency pair more volatile, having the most fluctuations. One should be very careful before going for news trading.
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