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reggae
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Indicators are useful but
in
General
Mar 10, 2021 at 11:35
Indeed, this is what make indicators much useful for traders
There is no easy way of learning
in
General
Mar 10, 2021 at 11:31
Learning is indeed a continuous process and there will be some shortcut here and there, but it doesn't guarantee you any success.
Part time trading
in
General
Jan 13, 2021 at 11:53
Could not be more true about this. But then again, sometimes traders tend to give up if they are not able to make the profit in the middle of their trading journey.
To be a gainer
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General
Jan 13, 2021 at 11:52
Good psychology is a very indicator of understanding and calming your mind before trading. But that is not it, you will need to have a very good management when it comes to risk and money so that you can minimize the losses and maximizing the profit. Also, a good strategy can sometimes fails due to volatility of the markets, but if you have been able to put in good use of money management, then it should be fine.
Looking for Broker
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New Traders
Jan 13, 2021 at 11:49
I always recommend people closed to me to go with a regulated broker with low minimum deposits like Fxview (cysec, $5) and Tickmil (fca, $100)
Timing of entry and exit
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General
Dec 23, 2020 at 11:25
Agree! Adding the timing for the entry and exit are very vital for the forex trading else you will be losing the money and struggle in not getting your account wiped out.
New traders love scalping
in
General
Dec 23, 2020 at 11:24
Agree. Scalping is very risky for the beginner so I am surprised that there are many newbie traders saying that they like to do scalping.
Broker demo cent account lower spread xauusd
in
General
Dec 23, 2020 at 11:22
They don't have cent account but I agree, Fxview is a good option for low spreads and no latency issue.
Is math important for trading?
in
General
Dec 23, 2020 at 11:18
I guess you are implying that formulaes and calculation that are used in forex trading, which is useful but rather has very importance since the platform has already in built calculator that allows you to see profit or loss in each trade.
Simple is the best
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General
Dec 23, 2020 at 11:17
As they said, Old is Gold. But yes, sometimes simplicity is the key to the success of the forex trading.
what kind of spreads do you look in a broker
in
General
Dec 16, 2020 at 12:27
you can check myfxbook spread here: https://www.myfxbook.com/forex-broker-spreadsjust click regulated from 'all brokers' dropdown and tick commissions (for spreads and commission combined), and filter on any pair you want to see lowest. you'll see fxview, tickmill competing to be on top in most pairs. I mostly use that page to check the spreads.
Not that easy
in
General
Dec 07, 2020 at 11:33
Very true. You will need to put lots of time into understanding the forex and its concept before you can make a profitable returns. All the strategies, psychologies, mindsets, etc are to be used.
Is FP Markets suitable for scalping ?
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General
Dec 07, 2020 at 11:32
FP has good trading conditions, but their commission is somewhat higher than what I was expecting. One thing I noticed is that their trading conditions are similar to fxview and tickmill except they have lower commission - $1 and $2 per 100k per side respectively, which is what I’d like to see for scalping.
Trading in lower timeframes
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General
Dec 07, 2020 at 11:32
Both are useful to trader. Lower timeframe means more volatile, useful if you are experienced scalper.
Forex Amount
in
General
Dec 07, 2020 at 11:31
Agree! But if you are not that serious when it comes to forex trading, then it is better to deposit as low as you can. But if you want to make a good profitable return, then $100 seems viable option for that
ASIC leverage down
in
General
Dec 07, 2020 at 11:30
Ouch.To be honest, I never had any complaint in doing leverage. I like to stick with lower lever leverage.
It is the psychological aspects
in
General
Dec 01, 2020 at 11:26
Yes, because you obviously realized that the money are not real in demo account so you are not that scared about losing money as compared to live account
Brokers ban deposits from Neteller/Skrill
in
General
Dec 01, 2020 at 11:19
Bankwire is much safer option indeed, though I don’t see any kind of ban with my brokers (Fxview, ICM). I’ve used it too.
Don't go against trend
in
General
Nov 02, 2020 at 12:17
There is a reason for that, else we would be rich by now.
scalping easy ?
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New Traders
Nov 02, 2020 at 12:17
At the same it is very risky process and can be a mess if you do not know what to do.
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