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derrik_56
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derrik_56
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Book to read
in
Общее
Jan 05 at 06:08
My fellows here have recommended various books, however I would recommend that you start watching YouTube videos for a better grasp of forex.
market power
in
Общее
Nov 29, 2023 at 10:41
Agreed, respect the market's power—it's a big deal. Smart traders, even the experienced ones, pay attention to its signals.
Lot Size
in
Новые трейдеры
Nov 29, 2023 at 10:38
Nice work on the 4% gain! If purchases aren't scaling, adjust position sizing settings that match your risk-to-reward range. Another reason might be marked-up spreads. You can reach out to your broker's website if they have raw spreads or marked up. Or check out options like fxview, and ic markets known for tight spreads on all instruments.
Stress, anxiety and motivation.
in
Общее
Nov 29, 2023 at 10:35
I handle trading stress with deep breathing. My main motivation? I love the challenge and learning of mastering financial markets.
Be smart and cautious
in
Новые трейдеры
Mar 03, 2023 at 06:32
Being smart and cautious while trading is key to success in the forex market. Here are some tips to help you trade wisely and safely:-Educate yourself about forex trading.-Develop a trading plan before you start trading.-It's important to manage your risk carefully.-Stick to your trading plan and avoid emotional trading decisions.-Take advantage of the many tools and resources available to forex traders.-Select a forex broker with a good reputation, strong regulatory oversight, and competitive pricing. Remember, forex trading is a long-term game, so be patient and persistent in your effort...
Best Broker?
in
Опытные трейдеры
Mar 03, 2023 at 06:30
If I were to mention any, it would be fxview and tickmill, I like their trading conditions and charting tools. Apart from those, I like that they have a variety of options for customizing indicators and EAs, so that I can try to monitor and find the accuracy on chart for backtesting.
What factors to consider when picking traders on copy trading platforms?
in
Общее
Mar 03, 2023 at 06:29
Copy trading platforms are a popular way to automate your trading and follow the trades of successful traders. When picking traders on copy trading platforms, here are some factors to consider: Performance history, Risk management, Trading style, Communication, and Fees. Remember, no trader is perfect and past performance is not necessarily indicative of future results. It's important to do your research and select traders based on your own goals and risk tolerance.
When a trader is a newbie
in
Общее
Feb 02, 2023 at 08:18
When a trader is a newbie, he tends to follow and learn more and more about forex trading which is important because the more you learn and practice. The more you will become good at this. So there are a number of blogs and tutorials available out there to give you more insights about trading.
Anyone suggest me best broker for forex trading?
in
Опытные трейдеры
Feb 02, 2023 at 08:17
Can opt for fxview as I like their trading conditions the most - $1 commission, tight spreads on my fav pair (eurusd), and lastly, withdrawals have been made without any delay. Plus regulated.
Learning and earning
in
Общее
Feb 02, 2023 at 08:17
In forex trading, learning and earning go hand in hand. Without having proper knowledge and learning of forex trading you cannot earn and even after you have good learning of trading you might lose because it involves a high amount of risk, what can be done is that you combine your learning with your trading strategies keeping all possible risks in mind and then trade. In that way, you can surely make some good trades.
Strategy-based trading
in
Общее
Dec 08, 2022 at 12:31
Being a newbie from the very starting I have developed the habit of building a trading strategy. It turned out to be helpful.
What is your trading schedule?
in
Новые трейдеры
Dec 08, 2022 at 12:30
I try to follow my trading schedule and keep a regular check on it which ultimately helps me with making good trading decisions.
How to increase trading skills ?
in
Новые трейдеры
Dec 08, 2022 at 12:22
The best way to increase trading skills is to read and research more and more about trading from good resources.
Most people fail because
in
Общее
Dec 08, 2022 at 12:20
I believe if you are new to trading you should start with a demo account with whatsoever amount you want and if your want to go live start with a smaller amount.
Have a plan and stick to it
in
Новые трейдеры
Dec 01, 2022 at 07:33
Making a plan is easy but sticking to it with full dedication and discipline is quite difficult. In order to sustain itself in the forex market it's very important to follow your routine and plan.
What is your trading schedule?
in
Новые трейдеры
Dec 01, 2022 at 07:29
My trading schedule includes reading and learning about the forex market and then practicing my strategies and plans in the demo account and ending my day by watching some motivational videos.
Fxview
in
Брокеры
Dec 01, 2022 at 07:23
The broker is good for me - crypto trading, tight spreads, low commission, and instant deposits. Overall an ideal forex broker for me.
What does trading mean to you?
in
Новые трейдеры
Nov 28, 2022 at 11:23
Being a beginner trader means a lot to me. I started it as a whole new learning process and I intend to sustain long in it.
Is a demo account really neccassary?
in
Новые трейдеры
Nov 28, 2022 at 11:21
The demo account is really useful when it comes to trading it will give you a clear picture of the trading conditions and strategies.
How often does the market change?
in
Новые трейдеры
Nov 28, 2022 at 11:20
The market changes a lot., whether any big or small event is happening around the world. That's why is advised to have a close eye on the market events while trading.
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