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Why do you make money trading on demo but not in real market? [Trading Q&A]
v
Obecné
Jan 31, 2023 at 04:30
This feeling is common among new traders. However, it shouldn’t be neglected at all because emotions play an important role in your trades.You need to introspect whether you’re ready to make trades. Also, you should understand how much money you can afford to lose and start trading the same way as you used to when trading with demo.
What is copytrading like as a signal provider?
v
Obecné
Jan 31, 2023 at 04:24
Maintain consistency in your trading results which will increase your visibility to followers who can copy you. For example, when you maintain consistent results on zulutrade, your rank is likely to improve and you may even appear in the list of top rankers. I think it is really helpful in grabbing the attention of investors who are looking for traders to follow. Hope it helps!
The fear of losing opportunity
v
Obecné
Jan 30, 2023 at 12:42
Since there are many opportunities in forex, even if a trader misses one, another one will come along soon. Traders should mainly focus on improving their strategies.
When a trader is a newbie
v
Obecné
Jan 17, 2023 at 12:18
Yeah, copy trading surely helped me earn some extra returns. Currently, I'm using Zulutrade and I like its social trading solutions, which make it easier than ever to interact with other traders & more importantly, help me to copy successful traders.
Consistency is the brick
v
Obecné
Jan 17, 2023 at 12:18
Agreed! And I recommend focusing on the process, not the results.
Is it better to invest or save money?
v
Obecné
Jan 17, 2023 at 12:14
Investing is the viable option imo. It is possible to get returns from investing than saving.
When a trader is a newbie
v
Obecné
Oct 14, 2022 at 13:42
When I started I used to practice my trading strategies with demo accounts.
Does emotion harm?
v
Obecné
Oct 14, 2022 at 13:40
Being a trader , I believe one may better manage emotions when he/she trade by creating guidelines for themselves to follow. Setting risks may be one of the guidelines.
Risky business
v
Obecné
Oct 14, 2022 at 13:36
Since it's preferable to have a risk management plan in place before you actually start trading, an effective strategy necessitates careful planning from the beginning.
Why are some traders successful?
v
Obecné
Oct 14, 2022 at 13:33
Good Stuff! Informative
Different approaches of trading
v
Obecné
Oct 04, 2022 at 05:36
Well said!
How much should you invest in trading
v
Obecné
Oct 04, 2022 at 05:35
There isn't a specific amount to this because there are many different types of trading, each with its own motivations, goals, and leverages. I think you should only trade with capital you can risk losing.
The worst trading advice you can get
v
Obecné
Oct 04, 2022 at 05:27
The worst advice is trade until you make profits. A serious mistake is to resist the urge to hold onto lost deals in the hopes that the market will turn. By not cutting losses, a trader risks losing any profits they may have gained elsewhere.
Does forex strategies usually work>
v
Obecné
Oct 04, 2022 at 05:25
Forex strategies usually works if trade is placed right with accurate knowledge and proper understanding of the forex market. Also depending on the time frame and length of the trade's open period, several trading strategies can be used.
Most people fail because
v
Obecné
Oct 04, 2022 at 05:24
I think trading too much, not conducting enough research, and relying too heavily on recommendations are some common mistakes made while trading.
Book to read
v
Obecné
Sep 20, 2022 at 06:46
I opened MT4 demo account when I was a newbie and also studied live trades done by experienced traders to learn how to conduct accurate technical analysis.
Luck is important
v
Obecné
Sep 20, 2022 at 06:43
If you solely rely on luck, you will never be able to learn how to trade profitably. Instead of losing energy on luck, I would advise effectively understanding the forex market and learning technical analysis and test out strategies on demo accounts.
What market is more chaotic: forex or stocks?
v
Obecné
Sep 20, 2022 at 06:42
Due to the political, economic, and social events that have an impact on currencies rates, cause the forex market to fluctuate. Thus, making the forex market chaotic.
Successful Traders Mindsets
v
Obecné
Sep 20, 2022 at 06:41
A successful trading mindset, in my opinion, entails controlling emotion, thinking swiftly, and practising discipline.
What is the importance of knowledge?
v
Obecné
Sep 20, 2022 at 06:40
I think you cannot advance as a trader unless you understand how to analyse a market and make right trading decisions. If a trader lack trading knowledge, he/she cannot place the good trades and expect to win. Traders can only understand how to manage the right trades and cover risk with proper forex knowledge.
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