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wolfinception
Trading will ruin you.
in
New Traders
Aug 28, 2023 at 21:10
No doubt, trading can be a total rollercoaster and it ain't for the faint of heart. But hey, some folks find a way to make it work and even thrive. Like any high-risk game, you gotta know what you're getting into and maybe even find a mentor or strategy that vibes with you. Stay safe out there and remember, it's all about that risk management!
The main reason for traders to fail is that they make a psychological mistake.
in
New Traders
Aug 24, 2023 at 20:39
Oh, for sure, the mental game is a huge deal in trading. It's easy to get carried away with emotions like FOMO or panic when things get shaky. The trick is to keep your cool and stick to your strategy, no matter the market vibes. Discipline is the name of the game if you wanna stay in it for the long haul.
what are the key factors to consider while doing forex trading
in
New Traders
Aug 24, 2023 at 20:36
When you're diving into the forex pool, you've gotta keep an eye on a few things. First off, market analysis is key, gotta know your fundamentals and technicals. Then there's risk management; don't put all your eggs in one basket. And let's not forget timing, forex is a 24/5 gig, so knowing when to make your move is crucial.
Learning style
in
General
Aug 03, 2023 at 17:11
Self-directed learning lets you explore at your own pace, like a self-guided adventure. On the flip side, coaching can be like having a mentor in your corner, giving you that extra boost and guidance.
forex or crypto
in
General
Aug 03, 2023 at 17:09
Crypto and forex trading both got their own flavor. Crypto's like the wild, wild west of digital currencies, while forex is more traditional, dealing with global currencies. It really depends on your vibe and risk appetite. If you're into that cutting-edge, fast-paced action, crypto might be your jam. But if you prefer a more stable ride, forex could be your go-to.
I want to be a billionaire
in
New Traders
Jul 21, 2023 at 23:43
It's cool that you're dreamin' big and takin' charge of your forex journey at such a young age!Keep learnin' and honin' that strategy, but remember, forex can be a wild ride, so stay patient and don't risk what you can't afford to lose.While becomin' a billionaire might be the ultimate goal, focus on the process, learn from every trade, and keep growin' as a trader. Stay positive, work hard, and who knows, you might just hit that billionaire status one day!
trading psychology
in
General
Jul 21, 2023 at 23:37
When it comes to tradin' in your idea, it's all about havin' a positive and open mindset. Embrace the adventure, be willing to take risks, and stay flexible.Don't be afraid to learn from your experiences, both the ups and the downs, 'cause they'll shape your journey and help you grow. Stay curious, keep hustlin', and remember, every trade is a chance to learn and improve.
Forex trading is not gambling
in
General
Jul 20, 2023 at 22:07
Forex trading ain't no roll of the dice or a game of chance. It's all about analyzing the market, understanding the trends, and making calculated moves. It's a skill, a strategy game where you can totally flex your financial muscles and make those sweet profits.
Stress, anxiety and motivation.
in
General
Jul 20, 2023 at 22:00
My go-to method is taking deep breaths and stepping away from the screen for a bit, ya know, chill and clear my head. As for motivation, I'm all about that long-term gain.
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