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The fear of losing opportunity
em
Geral
Dec 16, 2022 at 05:52
This is a very common feeling that beginners go through. For them, every market movement seems like a money-making opportunity, which is wrong. Firstly, they need to determine their risk appetite and then understand the market movements to make the right moves.
Forex market offers great opportunity
em
Geral
Dec 16, 2022 at 05:52
I can’t deny that the forex market is a great place to make money. But I also can’t deny that it’s not that easy to do so. Hard work and focus are the major things that determine your success in the market. So, instead of expecting the market to work for you, you must work in accordance with the market movements.
Manual VS Automatic trading
em
Negociantes Experientes
Dec 14, 2022 at 09:24
I can totally understand! But I won’t really recommend buying readymade EAs in any case. You can actually automate your trading without any changes in your strategy. Like what I do is download some ready to use scripts that work well with my trading strategies onto fxview mt4 platform, this allows me to get the benefits of automated trading without deviating from my original strategy. That’s a good solution if you ask me.
Patience is best tool to get success
em
Novos Negociantes
Dec 09, 2022 at 09:53
I totally agree with you. Patience is the key with forex.
Can you borrow money from the bank to trade forex?
em
Geral
Jul 28, 2022 at 04:10
You can but it is not a good thing to borrow and then trade! If you lose your money you will regret it later. You should save your money from your regular income and then you should trade.
Demo Trading Advantages
em
Geral
May 30, 2022 at 08:56
Demo trading gives you an in-depth understanding of the market and it is the best place to test & try different strategies. Demo accounts are actually a saviour as they save your money. Imagine trading in a live account and losing your money because of lack of knowledge and experience; nobody wants that right?! For a beginner it is very important to trade in a demo account to understand the market better.
The dark side of forex markets
em
Novos Negociantes
May 30, 2022 at 08:55
The dark side of the forex market is that it is highly volatile and risky, unlike the brokers describe. There’s no shortcut and you need to do all the hard work. You won’t get rich overnight and winning every trade is impossible. The forex market is difficult to trade so make sure you have a sufficient amount of knowledge and experience.
Indicators are useful but
em
Geral
May 30, 2022 at 08:54
I agree with you. I think traders are slowly starting to get overly dependent on their indicators, when really, you can trade without them.
Is forex is best source of income?
em
Novos Negociantes
May 27, 2022 at 05:29
No, that’s not true. Forex trading is cool but you can’t depend on it for a regular source of income. It’s risky and you can never be sure about the results you may get. So, it’s best to keep it as your secondary source of income.
Signa providers
em
Novos Negociantes
May 26, 2022 at 09:17
Signal providers are not magicians. They are also traders like you and me who analyse the market and tell traders what to do. But as you cannot find out whether what they are telling is true or not, you may not be able to do anything if they turn out to be scams.
Ready made strategy doesn't
em
Geral
May 26, 2022 at 09:17
There is no such thing as a foolproof approach when it comes to profitable trading. It is best to gain knowledge and experience by watching the market. It will be helpful to you in formulating a good strategy based on your own personality and goals, as a result of doing so.
5 Things I have learned in 5 years of trading!
em
Geral
May 25, 2022 at 07:26
1. Learning and upskilling are the most important parts of a trading career.2. Do not believe every opinion.3. You can not just copy and paste a strategy.4. Trading requires patience and discipline.5. Set realistic goals.
When a trader is a newbie
em
Geral
May 25, 2022 at 07:25
A new trader must focus on his learning first. He must improve his knowledge and upskill himself to successfully survive in the complicated world of trading. Knowledge and skills alone can help to win in forex trading.
Can forex trading make you rich ?
em
Geral
May 25, 2022 at 07:24
It can make you rich or bankrupt. Traders with the mindset of becoming rich won't, but those who accept that they probably won't and aim for a steady return, even if it's a few percent a year, will succeed in profitability and have a chance at becoming rich.
Money Management Tips
em
Geral
May 24, 2022 at 07:12
Good money managers are excellent traders. They know how to utilise and divide the funds without losing all in one trade. Good money management can help in minimising the risks and maximising the profits.
What are the popular Techniques for Forex trading?
em
Geral
May 24, 2022 at 07:10
This is actually a really interesting question. I find that many people tend to drift towards copy trading in the beginning, and then go for the other methods such as scalping, price action, etc. which is a foolish act.
Demo can not make you well experienced
em
Geral
May 23, 2022 at 10:28
That is incorrect. The demo account is an excellent area to practice trading and gain experience. It is perhaps the most valuable aspect of forex trading because it allows you to study and acquire expertise without risking any real money.
Mind or Machine? What’s Better For Forex Trading?
em
Geral
May 20, 2022 at 06:10
I would like to say that the mind is better than a machine. All the new-age machines are designed by brilliant minds. But there is no machine in the universe that can design and produce a human brain. So the brain comes first and then its amazing creations. This is for everything, including forex trading.Automated forex robots have their limitations but a mind has limitless possibilities.
Trading for the long-term
em
Geral
May 20, 2022 at 06:03
No matter whether you trade for long term or short term you still need courage to put in efforts to learn and understand the market. Imo, traders should analyse their personality before choosing to trade short-term or long term. Consider factors like, risk tolerance, and patience level.
Is trading hard?
em
Geral
May 19, 2022 at 06:14
You can't expect to become a millionaire overnight. It takes time and effort.In my opinion forex trading is a hard job. The market doesn't move according to anyone, traders need to understand the nature of the market first and develop relevant skills and right trading psychology to be profitable.
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