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Juan_Garcia
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Not that easy
em
Geral
Dec 21, 2020 at 11:38
Yes! The sooner the better. However most of the traders take risk management lightly, which becomes the major cause of their failure.
Fxview
em
Brokers
Dec 21, 2020 at 11:36
Spreads have been the best part about fxview. Support has guided me well on every query. Loved the overall experience here.
For Newbie
em
Novos Negociantes
Nov 20, 2020 at 06:23
Would suggest newbies to explore and research as much as possible.After they think, they've got sufficient knowledge, try demo trading and get your hands on the technical stuff.
Most people fail because
em
Geral
Nov 04, 2020 at 11:16
...because they lack the essential knowledge to succeed here or are not able to control their emotions and stress while trading. Forex has got a lot to handle, those who are able to do that well, emerge successful.
Almost all methods give profit if
em
Geral
Nov 04, 2020 at 11:14
Agreed! There has to be a balance in whatever we do here. You are right, it is not about which method we follow, but how we follow it. Traders have to be careful about that part.
How can we find a reliable platform?
em
Novos Negociantes
Nov 04, 2020 at 11:13
Choosing a reliable broker is not an easy task for sure. Going through regulations, testing demo conditions, support, transfers, all this requires good time and effort. I remember when I was in search of a broker, all this was quite tiring, but got my hands on fxview and things worked out well in the end for me. They gave me pretty nice trading conditions. I would say, whichever broker you want to choose, give it a good research, know it all and then open your account.
Is demo trading enough before real account?
em
Novos Negociantes
Oct 23, 2020 at 11:24
Demo trading is one of the essential steps before live trading, but not the only one.
For Newbie
em
Novos Negociantes
Oct 23, 2020 at 11:19
Stress upon learning and practicing, that's a must for a newbie, atleast for some initial years of trading.
Overconfident
em
Novos Negociantes
Oct 23, 2020 at 11:17
Agreed! A line between the two is very important.
Overconfident
em
Novos Negociantes
Sep 23, 2020 at 12:00
Over confidence takes a trader close to losses.It is important to stay confident while trading, but a lil over confidence can mar it all
Is FP Markets suitable for scalping ?
em
Geral
Sep 23, 2020 at 11:58
Well, I think it's suitable if you don't mind +0.5 extra pips for commission (rt). Otherwise, Fxview is leading imo if looking for low spreads when commission is included.
High leverage , High risk ?
em
Geral
Sep 23, 2020 at 06:13
True, high leverage can result in both high profits or big losses. Depends on how the trader uses it.
Choosing the Right Broker
em
Geral
Aug 21, 2020 at 10:43
I agree with you on most points. But as for regulations, Cysec, FCA are popular but only for traders who are residing in Europe, so you need a multi regulated broker. supposedly, there this broker fxview they are regulated by Cysec and FCA, so they will accept only EU clients, but for instance, we take Pepperstone they are with ASIC as well, so they can accept Australian clients too and this is how it goes. so before settling for a regulation, make sure it is regulated under your own country's jurisdiction, to be safe.
Greed is poison
em
Novos Negociantes
Aug 17, 2020 at 06:29
Greed is something, which if creeps in your trades, can make you bear huge losses and empty your account in no time. One should be careful in handling emotions and trading out of practicality and logic.
Scalping and trading strategy
em
Geral
Aug 17, 2020 at 06:27
That's right! Many traders are using automated trading systems to scalp in forex market. However, I prefer to keep my trading manual.
There is no short cut way.
em
Geral
Aug 17, 2020 at 06:25
Success demands proper hard work, skills and passion, without which nobody can get his/her share of success, be it in forex or otherwise. If any trader tries to win out of shortcuts, his winnings, if any, will surely be too short-lived.
Patience is best tool to get success
em
Novos Negociantes
Jul 28, 2020 at 08:33
True! And lack of patience can be a big disadvantage while trading.
Why people lose money in Forex Trading?
em
Geral
Jul 28, 2020 at 08:30
There can be many reasons behind a trader losing money like lack of skills, poor knowledge, impatience, etc. A trader has to work on many things to earn good in forex.
Very tough business.
em
Geral
Jul 28, 2020 at 08:28
I agree with @Shelby10 Good knowledge is what can make this field little easy for beginners. One cannot be successful here without good learning
Newcomers and their greediness
em
Novos Negociantes
Jul 16, 2020 at 07:00
I agree on that. No matter at what stage a trader is, a newbie or an experienced one, greed can mar it all.
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