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CraigMcG2020
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What do forex brokers rely on to make money?
em
Geral
Sep 24, 2021 at 06:45
A ECN broker uses commissions and spread. They are the truest form of broker as they are not on the other side of your trade. In theory they want you to keep your capital so you can continue to trade and they make their commission
The fear of losing opportunity
em
Geral
Sep 24, 2021 at 06:44
Yes always creeps up its one of the main pitfalls in Trading in the Zone. It isnt just new traders that are susceptible to it experienced ones can feel its pain too
Part time trading
em
Geral
Sep 23, 2021 at 06:48
So true its not so much part time as using your time efficiently. I think it is possible for sure but some weeks will be more work heavy than others. Also the strategy is a massive element too whether you do 2 hours of scalping a day or analyse for two hours and pick a swing trade
Hammer
em
Padrões
Sep 22, 2021 at 06:54
It is definitely a solid indication but has to be a part of a much wider strategy. There is bias, market structure and timeframe of hammer too. But i definitely like it
How much should you invest in trading
em
Negociantes Experientes
Sep 22, 2021 at 06:52
Completely up to you based on two things-one how much you can afford to lose and two your risk appetite starting off. You need to be able to sit comfortably in drawdown without getting nervous or closing your position early
GOLDEN Rules of Profitable Trader's
em
Negociantes Experientes
Sep 22, 2021 at 06:51
These are solid basic rules for trading for sure. As long as you stick to the rules and you try them out for 100 trades see how it goes. Then adjust if needed
Luck or Hard Work?
em
Novos Negociantes
Sep 21, 2021 at 06:46
Definitely agree hard work is key and you make your own luck. The more times you put yourself in front of a trade and do the right things the more success you will have and the more 'lucky' you will seem to everyone else
Are there any new coins that you consider promising and worthy of attention?
em
Crypto
Sep 17, 2021 at 07:13
I would keep to the larger coins like BTC, ETH and XRP if it gets listed again. Smaller coins for fun imo
Does bitcoin still holds stronger than stocks?
em
Crypto
Sep 17, 2021 at 07:10
Its very difficult to say as crypto is so new and stocks have been around for so many years. Id still go stocks but cryptos are coming into my portfolio more and more
Is math important for trading?
em
Geral
Sep 17, 2021 at 06:56
I agree with this and also probability and understanding that it is all a numbers game and the numbers need to play
There is no way to take revenge
em
Geral
Sep 17, 2021 at 06:55
Very true and the market does not care about you or me or anyone you are taking revenge on an objective thing. When you take a revenge trade-you make it personal-emotions come into play-loss of objectivity
To be a successful trader
em
Geral
Sep 14, 2021 at 06:57
Also prepare to be beaten up and down and up and happy and all the emotions rolled into one. Once you experience them you will be able to cope with them and thus become objective.
how to become a forex market conqueror
em
Geral
Sep 14, 2021 at 06:55
I would even go so far as to say analysing your actions is more important than analysing anything else. self accountability is priceless in this business
Best forex broker for scalping and zero spread?
em
Geral
Sep 14, 2021 at 06:54
For scalping im using CedarFX at the minute they have 0% commission so it helps a lot. They seem very solid too
Beginners Greed
em
Geral
Sep 14, 2021 at 06:53
So true. Like so many people have been up 10/20% and they want it all and they want it all yesterday instead of being happy. Thats why a small account is harder to trade because the gains are small like 50/100/200 when the trader wants 1/2/10k profit
Bonus and broker
em
Novos Negociantes
Sep 10, 2021 at 07:06
It really is, it;s tied up in turnover requirements and it takes a very long time to actually get it out. Not worth it at all imo
Reasons why you should NOT trade cryptocurrencies
em
Crypto
Sep 10, 2021 at 07:04
Completely agree with this. You need to know what you're doing and not go in half heartedly. You need to make sure you can afford what you risk and also you can stomach the volatility. 10% swings are very comment and that not might sound like a lot with a couple of hundred at stake but if you have a couple of thousand those swings hit a lot differently
7 Things to Know to Become a Successful Crypto Trader
em
Crypto
Sep 10, 2021 at 07:02
I agree completely crypto is becoming more like FX. There are ways to trade it up and down and once you have good money management you're onto a winner :)
Consistency is the brick
em
Geral
Sep 09, 2021 at 06:56
So true, that means consistency in your entries, consistency in your exits, consistency in your risk management, consistency in you take profit target and finally following the rules. Once this is done great things can be achieved for sure
Trading time is very important
em
Geral
Sep 09, 2021 at 06:55
Very true. I mainly trade EUR during London and look out a lot for USD when its NY opening. These have the most volume imo
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