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Risky business
em
Geral
Nov 06, 2021 at 13:06
@RobSchiz Yes trading is risky without knowledge and skills. Leverage makes it riskier market. One should not jump into trading without having enough skills and knowledge.
About news trading
em
Geral
Nov 06, 2021 at 13:04
@Zolom Yes news trading is not that easy. It needs good understanding of economy of a country. Just news data is not enough to open a trade if you don't know the whole picture of it.
Fundamental analysis
em
Geral
Nov 06, 2021 at 13:01
@RobSchiz Yes technical analysis is very important for online forex trading. But if anyone can combine both technical analysis and fundamental analysis together, he can do better.
Not gambling
em
Geral
Nov 06, 2021 at 12:19
@Grimatio Yes forex market is not for gambling. Here one needs skills, knowledge and experience to be successful. It takes years of dedication to be skilled in trading.
What works?
em
Geral
Nov 06, 2021 at 12:09
@marindateal Yes that's why we can't make profit just by following others strategy. It's because everyone thinks and perceives the market differently.
To be a successful trader
em
Geral
Nov 06, 2021 at 12:07
@croisssan Yes good trader has huge demand but it's not easy to be a good successful trader. It takes a lot of time and dedication to learn the art of trading.
Emotional Trading
em
Geral
Nov 06, 2021 at 11:56
@Unellene Yes trading out of emotions is not good. Most of time we make mistake in emotions. During trading one should be very logical and analytical.
Scalping is good
em
Geral
Nov 06, 2021 at 11:54
@Unellene Yes scalping is not good for everyone. Usually scalping is done in lower time frame. And in lower time frame, market always in chaos. It needs good trading psychology to trade there.
New Trader
em
Geral
Nov 06, 2021 at 11:52
Robot doesn't work all the time. It's only work for a certain period. Robot is made with certain strategy. So like any other strategy it also need to update every now and then.
Basic mistake we make
em
Geral
Nov 05, 2021 at 13:06
@Smith2525 Yes it's cheaper to learn from other mistakes but in trading everyone's psychology is different. Your thinking process and my thinking process won't be the same. And vice versa.
How long it takes to learn
em
Geral
Nov 05, 2021 at 13:04
@Smith2525 Yes learning is a never ending journey. It never ends. Those who stop learning, they also stop progressing in the true sense. We should never stop learning.
The fear of losing opportunity
em
Geral
Nov 05, 2021 at 12:47
@necolesilvers Yes fear of losing opportunity is a part emotional trading. But the sad part is whether we understand emotional trading or not, it's there. People automatically feel this fear.
Stop loss is a killer if
em
Geral
Nov 05, 2021 at 12:43
@Akasuki Yes a person needs good skills and experience not to use stop loss. A new trader should not trade without SL. You can get margin.
how to become a forex market conqueror
em
Geral
Nov 05, 2021 at 12:36
To be a winner in the market, one needs technical analysis skills, fundamental knowledge and emotional control. These three things are the key.
Fundamental stuff
em
Geral
Nov 05, 2021 at 12:34
@Akasuki Along with fundamental and technical analysis skills, a trader must know about trading psychology. It's the most neglated but most important thing in forex trading.
Indicators are useless
em
Geral
Nov 05, 2021 at 12:32
@Akasuki Yes, I agree with you that indicators have lag. A trader should learn more than just default settings of an indicator. Only default settings do not work always.
Successful Trading on Demo Account vs Live Account
em
Novos Negociantes
Nov 04, 2021 at 15:18
@SofieAndreasen Yes demo performance is always better than real. It's because we don't feel any psychological barrier in demo. And in live trading, emotions play a huge role.
What indicator you use for scalping?
em
Novos Negociantes
Nov 04, 2021 at 15:15
Every one has his own favourite indicators. It's about what you understand the most. I can't choose an indicator just because one of my friends doing well with it. I have to understand the indicator.
What is a robot?
em
Geral
Nov 04, 2021 at 15:04
Problem with robot is it does not work all the time. If you are programmer and convert into your strategy into an EA that can work, as you can change it according to the market situation.
Fear of losing
em
Geral
Nov 04, 2021 at 15:01
@GraceGilm To remove fear one needs good skills and a solid mindset. Fear comes when we don't know what's we are doing with our trades and why.
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