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Tiffany07
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Tiffany07
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Are you afraid to lose your trade?
em
Geral
Nov 20, 2021 at 08:14
Agree, we all have a fear of losing the money so it is very wise to make a proper management in risk and money
Bonus and Brokers
em
Geral
Nov 20, 2021 at 08:13
You gotta look deeper. Got two for myself...fxview with 100% deposit bonus and hotforex with 50% bonus.Make sure you read their terms and conditions before you make a deposit.
Basics knowledge is not enough
em
Geral
Nov 20, 2021 at 08:12
Yes, basic knowledge will not be beneficial if you do not consider opening an account with any forex broker. Being able to trade in demo will give you an experience on how trading would seems like in live trading, except that there is no real money.
When to stop.
em
Geral
Nov 20, 2021 at 08:11
If you are not able to make a consistency profit after many try, it is best to stop and take a break before you can trade again. Alternatively, it is quite useful to set the stop loss to minimize the losses if the trade is taking unexpected turn
Why demo is easy?
em
Geral
Nov 20, 2021 at 08:09
With demo, you just know that the monetary aspect when trading is not real, so you are not mentally affected when you made some losses, that's why it is easier to trade in demo.
Trading without stop loss
em
Geral
Jan 02, 2021 at 08:42
I too believe, that using stop losses is quite beneficial in order to keep losses away.
Most people fail because
em
Geral
Jan 02, 2021 at 08:41
There are various reasons like Lack of knowledge, poor risk and money management, too much influence of emotions, trading without a plan and so on. We really should practice regularly to succeed in forex.
Fxview
em
Brokers
Jan 02, 2021 at 08:39
Trading with fxview has been good till date. Minimal commissions, narrow spreads. Being a beginner, I am able to do better with my analysis with fxview's trader toolbox. Quite satisfied.
Investing in Forex
em
Geral
Dec 23, 2020 at 06:35
Yup and for that one should spend a good time on learning all about it and shouldn't rush to start forex trading as soon as possible. Until you don't get your facts right about forex, you won't be able to trade well. So Learning is the key!
Timing of entry and exit
em
Geral
Dec 23, 2020 at 06:33
Certainly it is. Its about matter of seconds, not even in minutes. One has to understand the importance of entering or exiting a trade at the right time, else they'll lose various opportunities.
Patience is best tool to get success
em
Novos Negociantes
Dec 15, 2020 at 04:56
I agree. Patience is something which is hard to find yet without patience its almost impossible to be a profitable trader. We must learn that good things take time hence the ony thing we can do is work hard and be patient.
Time Management
em
Novos Negociantes
Dec 15, 2020 at 04:56
Indeed, for any trader, its not just important to manage risks well, but time management plays a vital role too in his success and brings in discipline as well.
Security of the funds
em
Geral
Dec 15, 2020 at 04:55
Indeed. looking at the number of times people get into issues in forex, its our responsibility to double check the broker's genuineness before we start trading with them, else we'll only end up wasting money with such scammers. As a pro tip, its always better to be with regulated brokers such as fxview, xm or icm so we dont expose ourselves to any kinda risk.
Not an easy task
em
Geral
Dec 04, 2020 at 10:48
Indeed. Many people believe forex is a quick way of getting rich,when in reality survival is really tough. One needs to be quite on toes and constantly learn if he wants to be profitable.
There are many advantages
em
Geral
Dec 04, 2020 at 10:43
I agree, forex is indeed a very profitable business if one knows how to trade well with the right strategy.
Low, Tight, Low, High
em
Novos Negociantes
Dec 04, 2020 at 10:41
For your requirements, I would suggest some Ecn broker like Fxview with whom you can get narrow spreads, low commissions. As for leverage as much as I know they offer high leverage to professional accounts only, but you can still confirm as I prefer to not use anything more than 20-25X.
Forex is not like gambling
em
Geral
Nov 30, 2020 at 11:04
Of corse! Forex trading involves identification of patterns and trends and is based on logic whereas gambling is just luck.
Choosing the Right Broker
em
Geral
Nov 30, 2020 at 11:02
Well said. Unregulated brokers can't be totally relied upon. Regulated brokers like Fxview, ICM, Xm are much safer options to be with when choosing a broker.
Forex is not a bad business
em
Geral
Nov 24, 2020 at 07:25
Yes, losses are a part of a trader's journey. But we have to learn to mitigate them
Acquiring knowledge is basic
em
Geral
Nov 24, 2020 at 07:24
Well said, as traders we have to gather information at every stage even when we have the basic knowledge. Gaining knowledge should be a continuous thing in the life of trader.
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