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Emotion in Forex trading
em
Geral
Jan 22, 2023 at 22:47
Emotion is human nature, not only traders, a child already have emotions in their minds, and when you take their toys possibly makes them emotional, trader actually don't want to lose money in trading, but because loss is part in trading so want to not trader need accept the loss as risk trading.
When a trader is a newbie
em
Geral
Jan 19, 2023 at 22:31
All traders come from newbies, although now they already become professional traders at first they also start from newbies, but each trader will have a different process and progress in learning how to trade forex and make money from it.
Is it better to invest or save money?
em
Geral
Jan 18, 2023 at 23:37
There is various types of risk levels in investment, mutual funds are considered as low risk but low return and forex included high-risk high return too.Besides saving money in banks also invest money in low-risk and high-risk.
Is Copy Trading profitable?
em
Geral
Jan 16, 2023 at 23:53
I knows copy trading is like a bridge between investor trader and expert traders, but not all leader in copy trading are expert, so choosing the leader also need more information to decided before joining, so far I still believe my own skills trading than using copy trading.
Why are some traders successful?
em
Geral
Jan 15, 2023 at 22:50
Forex trading risky business, success in the forex industry, not all traders will be successful without learning and hardworking, maybe we often hear more than 90% of traders lose money in forex, and only 5% traders make money from forex, but we hope will become part of 5% profitable trader
Can you borrow money from the bank to trade forex?
em
Geral
Jan 10, 2023 at 22:27
I will not advise you to borrow money from the bank for a forex deposit because will make stressed when your target profit is not achieved while you must pay the loan on time. It is good you have backup another source of income besides trading because in trading possible get an easy profit today and then get an easy loss tomorrow.
Good broker is needed
em
Geral
Jan 09, 2023 at 23:18
Choosing the broker with making comparisons included one way to get the best choice.And trading with the broker and making money with them gives ,more enjoy to using the broker forever
7 Benefits of using stoplosses
em
Geral
Jan 08, 2023 at 21:33
Stop loss is still used many traders to manage the risk in trading, however, there are some traders maybe dare to work without stop loss because they have a reason stop loss is just the cause of loss, in my day trading with FXOpen always use stop loss when open single trade and often work based simple trading support resistance
Is Copy Trading profitable?
em
Geral
Jan 04, 2023 at 23:53
Just like another service, copy trading will profitable if the leader is a profitable trader, however, if the leader of copy trading is looser trader hence copy trading will not profitable, so here choosing leader is very essential if want to get quality trader to copied.
Most people fail because
em
Geral
Jan 02, 2023 at 22:19
There is so many reasons why a trader fails, the factor could appear from internal or external factor. Internal factors is included bad emotion control, bad risk management, reckless trading decision, etc. External factors included dynamic market unpredictability, disconnecting problems, etc.
No SL trade management strategys / alternatives
em
Geral
Jan 01, 2023 at 22:42
I see there is some trader who dares to trade without SL, he said working with a financial institution expert and working well with him, but different traders may be different perspectives on the case.Trade without a stop loss is safe in my opinion if a trader has large trading capital to withstand higher prices till lower prices on a large timeframe, let's say the account has the balance to withstand price movement number 20000 pips from high to low. However some traders use hedging strategies to trade without stopping loss, but this also having own difficulties. Sometimes I trade without...
What is a good business to get into?
em
Geral
Dec 28, 2022 at 22:57
Forex trading business if we can manage well account trading, increasing money from trading is a good way, however not all people have sufficient knowledge and skills to do so. If we are interested to something then need to focus.
Forex is not like gambling
em
Geral
Dec 27, 2022 at 23:49
For traders, forex is not gambling but this is real business that required good knowledge and skills to making profit from difference price movement, however in forex market there are big speculator trying to bet in the market.
Successful Traders Mindsets
em
Geral
Dec 26, 2022 at 23:50
Emotion when trading usually will leading to making bad decisions, better stay away from the market when facing high emotional pressure. A successful trader will work with knowledge and experience not based on emotion
The fear of losing opportunity
em
Geral
Dec 22, 2022 at 22:51
Working in a real account is surely different compared to working demo account, using real money, the fear of losing money is a common thing, especially for first-time trading as beginners, usually with long time experience, the fear will decrease because already get more understand of the market.
Money Management Tips
em
Geral
Dec 21, 2022 at 23:24
Yes, it is hard to keep the discipline to work based risk management plan, however, discipline is required to shape a successful trading strategy. Traders need strong psychology to keep discipline trading.
What is the trading psychology for you?
em
Geral
Dec 20, 2022 at 21:17
Trading psychology is like as lubricant in the machine, this is required to make healthy of machine can work properly. Good psychology will make trading more health
Is it better to invest or save money?
em
Geral
Dec 20, 2022 at 00:30
Scalping as short-term trading where traders take a profit of only five or ten pips in every single trade, low spread broker is more appropriate for using scalping, sometimes I work scalping in my broker FXOpen.
Successful Traders Mindsets
em
Geral
Dec 18, 2022 at 23:40
Building a good mindset about forex trading will help us to make more discipline to implement trading rules, good trading strategy needs to be accompanied by good money management and good psychology trading.
Luck is important
em
Geral
Dec 14, 2022 at 23:41
Let's take a small example, two drivers will go to one destination, one driver is ready to go without any preparation and relying upon luck, he no checks the brake, machine, or driver's license,.while another driver before to go already prepared all things, check the machine, brake and or driver license. The risk will be higher for drivers that go without preparation, maybe on the bumpy roads or there are police.
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