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What are the popular Techniques for Forex trading?
v
Obecné
May 27, 2022 at 04:44
I scalp in a 2 minutes or 5minutes time frame and use optimal leverage to enhance my profits.
Greed is poison
v
Noví obchodníci
May 26, 2022 at 07:41
Greed is really one of the greatest poisons ever known to man, especially when it comes to trading. It is valid everywhere and not just in the world of trading. They lose it all if they don’t know how to leave greediness.
Is forex is best source of income?
v
Noví obchodníci
May 26, 2022 at 07:41
It seems quite enchanting at first, but when someone enters the world of forex, then they realise how difficult and risky the game is. So I’d not use the term ‘the best source’, as it really depends on an individual, but there are so many risks involved in forex and the market is volatile and unpredictable, so it may or may not be the best source of income, it depends upon how someone perceives forex to be.
Can forex trading make you rich ?
v
Obecné
May 25, 2022 at 06:48
Forex can make you rich if you follow the rules, stick to the plan, and stay consistent.
Money Management Tips
v
Obecné
May 23, 2022 at 09:52
Some of the money management tips-1. Use position sizing to limit the risks in a trade2. Use SL and TP on trades 3. Use leverage carefully and while setting a SL4. Set a specific amount of capital for every trade you open5. Or, trade with the 2% rule6. Use a fixed ratio of risk:reward
Trading for the long-term
v
Obecné
May 23, 2022 at 09:50
If you are a long-time forex trader, meaning that you either practice swing trading or position trading, it is important for you to follow fundamental and technical analysis. Fundamental analysis of the forex market is very important because an examined outlook of all fields of life gives you an idea how the market will perform overtime. This helps you in long term trading in deciding when you want to exit the trade.
Books or Videos - Which one is better for learning?
v
Noví obchodníci
May 23, 2022 at 09:49
Both are good sources of learning. Books are the best source to learn the basics of the market and videos give detailed explanations, which helps to understand the analysis part and approach the market better. It’s completely your choice to learn either from books or videos
Newcomers and demo trading
v
Obecné
May 23, 2022 at 09:47
Newcomers need an open mind towards learning and implementing the strategies. They should practice on demo to consolidate their knowledge.
Very tough business.
v
Obecné
May 20, 2022 at 05:19
Trading forex is not a piece of cake. It requires lots of hard work and patience to be successful as a trader.
Is trading hard?
v
Obecné
May 20, 2022 at 05:14
Trading is difficult when you have no prior experience. To pull off effective trading, you'll need a lot of expertise and patience, as well as a lot of resolve.
Ready made strategy doesn't
v
Obecné
May 20, 2022 at 05:09
Every trader may not be suited to the ready-made approach. So, to establish a successful trading profession, strive to devise your own approach.
Which indicator you use most for your trading?
v
Noví obchodníci
May 18, 2022 at 04:12
I rely my trust on a few selected indicators only. Fibonacci retracement, MA and EMA, and Bollinger bands will always be the best for me.
Does forex strategies usually work>
v
Obecné
May 18, 2022 at 04:09
Yes, of course. Because of forex strategies, a trader is able to make profits. Strategies are made of logical calculations through fundamental analysis,price actions, risk management, and money management. Trading without a strategy is like gambling.
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