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jambeau
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jambeau
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5 Things I have learned in 5 years of trading!
in
Общее
Dec 29, 2022 at 11:51
I agree that experience is crucial. Start practising on a demo account to build your confidence so you won't feel lost when trading with real money. Since you initially lose money before gaining momentum and steadily moving toward success, it is very simple to stop trading forex. Trading is the only way to gain experience, so you have to jump in and start trading. You will lose some trades and win some, but eventually you will learn and start making money.
How long does it take one to be consistently profitable with forex trading
in
Новые трейдеры
Dec 29, 2022 at 11:45
Personally I feel that everyone should practise in a demo account until they learn trading skills irrespective of the time it takes. Rushing the process will not be beneficial to you. Proper practice will assist you in honing your skills and getting ready for later trading with real money.
How long on a demo account
in
Новые трейдеры
Dec 29, 2022 at 11:39
That’s true everyone learns at their own pace. Since experience is gained every day in forex trading, learning never stops there. Instead, it continues as we trade, building on our knowledge and experience just as we did as children. As long as the traders can recognise market emotion and choose when to follow the market and when not to, they will undoubtedly benefit.
New Begining on Forex
in
Новые трейдеры
Dec 29, 2022 at 11:17
Well, to succeed as a trader, one must acquire the knowledge and abilities needed in this related industry. You must concentrate on creating a suitable plan that includes your desired goals.
Is a demo account really neccassary?
in
Новые трейдеры
Dec 23, 2022 at 10:46
It is crucial to keep in mind that trading on a demo account does not guarantee success because it does not aid in the proper development of trading psychology, which is a crucial component of trading on a live account. It can affect trades if traders lack the proper trading psychology.
Diffrence between real & demo trading
in
Новые трейдеры
Dec 23, 2022 at 10:39
That’s right. The main difference between a demo and live trading account is your perspective and psychology towards it.
I'm new to Forex trading and looking for some advice
in
Новые трейдеры
Dec 23, 2022 at 10:33
You’re right. Indeed forex trading is a complicated and risky venture. It can undoubtedly appear to be very difficult at first due to the plethora of knowledge that you will have to learn. It is simple to move forward once you get familiar with analysis, forex terms, and market concepts.
Is Forex an Addiction ?
in
Новые трейдеры
Dec 23, 2022 at 10:29
Hey, that’s not true. There are many profitable traders who are shaping their lives with forex trading. Forex gets addictive or gambling mentality develops when you see it that way. I’m not saying that you will profit quickly but if you work hard and remain disciplined, there are more chances of success.
Money Management Tips
in
Общее
Dec 22, 2022 at 13:21
That’s right. The key to surviving the risks of trading is to limit losses through proper money and risk management strategy. A risk management strategy will serve as a guide, telling you what to do and what not to do at any given point.
New traders love scalping
in
Общее
Dec 22, 2022 at 13:14
Though indicators are useful, fully depending on them is not a good idea. You need to work on your trading skills and market knowledge as well. Besides, scalping is a risky strategy and all traders must be knowledgeable about the technicals and how to read charts.
What is the trading psychology for you?
in
Общее
Dec 22, 2022 at 12:52
I agree. Trading psychology is as essential as market knowledge, experience, and skill in determining trading success. When we trade, our greatest enemy is our emotions. Only by learning to control your emotions will you be able to achieve success.
The fear of losing opportunity
in
Общее
Dec 22, 2022 at 12:47
Indeed getting comprehended with the market takes time and every trader should maintain patience. Fear of losing money is quite natural but you need to understand that trading is a business. Being fearful will never let you become profitable.
NEW TO TRADING
in
Новые трейдеры
Dec 20, 2022 at 10:53
In my opinion, developing the right trading mindset should be the first step followed by market knowledge. One of the things that make trading so alluring is because it is challenging. It will be difficult to trade without having a clear understanding of the basics and technicals.
How long should I start to trade after studying?
in
Новые трейдеры
Dec 20, 2022 at 10:48
Yes I practised in a demo account and every trader should do that too! I believe it is one of the most crucial steps in the trading journey. It helped me strategize my moves, gain experience, and sharpen my trading skills without putting any real money at risk.
How to increase trading skills ?
in
Новые трейдеры
Dec 20, 2022 at 10:33
I totally agree. Practising on a demo account is indeed one of the best ways to develop new trading skills. Also, they help you get accustomed to the market and understand how trading works.
Successful Traders Mindsets
in
Общее
Dec 20, 2022 at 10:29
That’s true. Those traders who can manage their emotions better, can make more profits. You have to work hard in developing the right mindset where you don’t let your emotions get the best of you. Doing so will assist you in preventing destructive mistakes and impulsive actions that can have remarkable effects on your trading journey.
How much should you invest in trading
in
Общее
Dec 19, 2022 at 09:11
That’s not true. You can also earn a decent income if you keep working on your skills and gain proper market knowledge. It's always a good idea to have a solid risk management strategy in place to minimise losses and increase profits.
Most people fail because
in
Общее
Dec 19, 2022 at 08:28
A lot of reasons account for a trader’s failure. In my opinion, the most prominent reason is lack of trading expertise and poor mindset. People take it lightly and are always looking for ways to make quick money. It’s crucial to understand that just like any business, trading requires consistent learning and discipline.
Does forex strategies usually work>
in
Общее
Dec 19, 2022 at 08:24
Of course timing is very important while trading. In order to arrive at the correct points, you must analyse and perform numerous difficult calculations. Enter when you believe it to be the proper moment, whether it be short or long. When you think you've made enough money, stop right there. Don’t be trapped in greed or fear, they’ll ruin your trading.
Demo can not make you well experienced
in
Общее
Dec 19, 2022 at 08:18
I agree. Demo accounts can only help you familiarise with the market but can never give you the real taste of trading. You don't have any stake in the outcome when you trade on a demo account. No danger, no feeling, and no true repercussions. Contrarily, live trading is dangerous and complicated. You run the risk of blowing your account and losing what you have.
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