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Online source of income
em
Geral
Dec 09, 2021 at 07:18
Forex is an online source of income for skilled people and those who want to make themselves skilled. It's not like came, saw and won.
Investing in Forex
em
Geral
Dec 09, 2021 at 07:16
Forex is for investment not for gambling. If even you are short term trader, you have to treat it from a business point of view.
Confidence is very important
em
Geral
Dec 09, 2021 at 07:01
@skihav yes confidence is one of the main thing in trading. If you can't believe you can do it, you won't be able to do it. No matter what you try.
Losses are a part of trading
em
Geral
Dec 09, 2021 at 06:58
Nobody can avoid complete risk in forex, one has to go through certain % of risk while one trades. But yes, with sufficient amount of risk management, you can of course reduce the level of risk
Without skills trading
em
Geral
Dec 09, 2021 at 06:57
For a newbie it's not advisable to use any strategic tool as its not their cup of tea initially, it may face them loss of the capital amount. Hedging is for trader who have complete knowledge and for one who are practicing trade for a long time.
Placing stop loss
em
Geral
Dec 09, 2021 at 06:56
Stop loss is important if you are short term trader and can't sit before the screen all the time. Without stop loss you could get margin call if market makes a huge move.
Forex is the biggest financial
em
Geral
Dec 09, 2021 at 06:52
The worst thing a new trade do– is they regard forex trading as a cash machine. Open trade and make benefit. They think it is the most effortless activity on the planet. Be that as it may, in actuality you require significant comprehension of the market. My recommendation to new trader is increase vital learning and abilities.
Trading in lower timeframes
em
Geral
Dec 09, 2021 at 06:47
@Akasuki Yes for new trader H4 and D1 Time frame is the best. It lets them think about the market. In lower time frame market is too noisy. Difficult for newbies to trade there.
Recovery from a broker possible or not?
em
Geral
Dec 09, 2021 at 06:43
It depends how did you lose it. If you lose the money by trading, you won't get it back. But they are keeping your money unlawfully, you may get it back if the broker is regulated.
Not gambling
em
Geral
Dec 09, 2021 at 06:40
Yes trading is not gambling. But people treat it like gambling. When we don't have enough knowledge and skills but we want to do it, we end up gambling.
New traders love scalping
em
Geral
Dec 09, 2021 at 06:35
In lower time frame, market moves a lot. New traders find it fascinating. They think they can milk the money out of it but the reality is it needs enough skills to do scalping.
New traders should be content
em
Geral
Dec 09, 2021 at 06:32
@LucianVince Yes I agree with you. They should not think about how much They are making, their focus should be on learning and developing strategies.
Greed is when your expectation
em
Geral
Dec 09, 2021 at 06:30
Greed is most destructive nature. It destroys everything. You can not have success with greed. You need knowledge and skills.
Most people fail because
em
Geral
Dec 09, 2021 at 06:27
The reason of failure is the lack of knowledge and skills. It doesn't help you with little knowledge of trading. One needs full understanding of the market.
To be a successful trader
em
Geral
Dec 09, 2021 at 06:05
Reading books related to forex trading is always beneficial so for this reason I think that any trader who really want to get started in forex market must first of all read alot of trading article this will him the basic knowledge needed for such trader to succeed that easyly without much effort so the first thing first is the knowledge and skills which is needed here for any trader to caried out his trade perfectly
FX Trading Tips
em
Novos Negociantes
Dec 09, 2021 at 04:15
Basically, it’s an open platform, so anyone can start Forex trading according to their personal choice! But I think, new traders should start their trading as a part time trader! EUR/USD is the best trading pair for them and scalping is the best trading style for newbies!
Basic mistake we make
em
Geral
Dec 08, 2021 at 13:31
Keeping a journal is a good way to minimize your mistkes. By looking at the journal we can find out our common mistkes that we can easily mend.
Greed, the destruction
em
Geral
Dec 08, 2021 at 13:30
Yes Greed is the root cause of destruction in trading. It leads traders to the path of over trading. From where it's difficult to come back. Very few people can come back.
Greed is when your expectation
em
Geral
Dec 08, 2021 at 13:29
Greed is the root cause of destruction in trading. It leads traders to the path of over trading. From where it's difficult to come back. Very few people can come back.
There is a proverb that practice
em
Geral
Dec 08, 2021 at 13:27
Yes there is no alternative to practice when it comes learning. For learning practice is the key. But the practice should be done with required knowledge of trading.
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