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New traders love scalping
v
Obecné
Aug 31, 2022 at 10:06
Scalping requires knowledge before applying it. As it is meant for those who know how to trade perfectly, it must be used by only those who have practised it enough on a demo account and know it perfectly.
Ethereum is the new Bitcoin
v
Krypto
Aug 29, 2022 at 06:18
If it happens, it will take time. But Bitcoin is famous globally; its reputation and fame are more than Ethereum. We never know about the future but considering Ethereum to take the place of Bitcoin is simply not possible as of now.
Are there any new coins that you consider promising and worthy of attention?
v
Krypto
Aug 26, 2022 at 07:52
There are so many new altcoins that claim to be ‘promising’. But no one can claim that their future is actually promising or whether they will survive some crisis or not. It’s better to consider safer options like Ethereum, Bitcoin, Solana, Cardano, etc. They have survived previous crypto winters and stand strong even today.
Newbie wannabe Trader
v
Noví obchodníci
Jul 22, 2022 at 04:44
Hi, in the beginning, it is not going to be a walk in the park. You will have to put in the hard work and give yourself enough time to learn and pick up new skills and improve your trading decisions. Good luck!
What are the popular Techniques for Forex trading?
v
Obecné
Jul 22, 2022 at 04:43
Many traders use the ‘buy low, sell high’ strategy which is quite popular amongst beginners and experts. It is also a great way to stay focused and control risk. This is quite effective to build a good risk appetite.
Very tough business.
v
Obecné
Jul 14, 2022 at 04:45
Yes, trading forex can be challenging and fraught with risk. However, there is also the possibility of making a significant amount of money from it. One bad decision can cost you a lot of money, whereas one good decision can make you a lot of money.
Consistency is the brick
v
Obecné
Jul 04, 2022 at 04:32
It is important to be consistent. Maintaining a level of consistency will assist you in effectively developing your skills as well as developing good risk management, which will allow you to have a good profit with a minimum risk.
Different approaches of trading
v
Obecné
Jul 01, 2022 at 04:14
Gambling can never be a good approach. You need to have a good amount of knowledge and skills in order to be profitable and manage risks.
Most people fail because
v
Obecné
Jul 01, 2022 at 04:13
In forex trading, most people fail because they don't know when to exit their trade. They continue to trade a losing position instead of getting out of it.A lot of traders believe that it's better to wait until the last minute before taking a position. This is a very risky way to trade because you may end up getting stopped out with no profit at all.
When a trader is a newbie
v
Obecné
Jun 27, 2022 at 06:27
As a newbie, fully focus on the learning part and don’t be greedy. Do not think about money in the initial stage of your trading career and fully focus on learning skills, gaining knowledge, and taking experience. Once you know the basics, you can move into a demo trading account to gain practical knowledge and to understand the market in a better way.
Is stock trading and forex trading different?
v
Obecné
Jun 27, 2022 at 06:26
Not at all. Both are financial markets but the major difference between both the markets is that in forex we trade international currencies and in stocks, we buy shares of firms or companies.
Forex is not scam
v
Obecné
Jun 24, 2022 at 09:45
Forex is not a scam but there are many scams in forex.With the rising number of people taking interest in forex trading, scams have no dearth of traders who would like to make use of an easy way to make money. It comes up to the traders to be careful about the services they take.
Mind or Machine? What’s Better For Forex Trading?
v
Obecné
Jun 24, 2022 at 09:44
I don’t see an end to this discussion because there will always be several debates in favour and opposition of both of these.The best way a trader can make a decision for himself is by starting as a manual trader and using a robot after gaining some experience. When you will have results to compare, you will be able to make a better trading decision.
Can you borrow money from the bank to trade forex?
v
Obecné
Jun 24, 2022 at 09:44
If you're willing to take out a loan, you can invest in the market. But it's a bad strategy for trading in general, though. It is recommended that you get a job or other profession that will allow you to earn money on a regular basis, and then save some of that money. Or you can also use leverage. The money you've saved can be put toward your trading goals.
5 Things I have learned in 5 years of trading!
v
Obecné
Jun 23, 2022 at 07:19
5 things i have learnt:1. Keep learning.2. Practice as much as you can.3. Make a trading plan.4. Have patience.5. Learn from your mistakes.
Is a demo account really neccassary?
v
Noví obchodníci
Jun 23, 2022 at 07:18
While you may make a strong point, a demo account is also best for beginners to test out new strategies and give the trader an overall idea of how things work in the live market, which may increase confidence and make them less insecure about making on the spot decisions. It’s a great way to practice trade and understand techniques and methods.
How trader’s mind works?
v
Noví obchodníci
Jun 22, 2022 at 06:51
How a trader's mind works depends on their approach towards trading and how they plan out their strategies. Managing emotions can be rueful but is a must if they wish to gain profit rewards on a regular basis. Experience is everything and traders must give themselves time to adjust to the market sentiments to trade successfully.
Money Management Tips
v
Obecné
Jun 22, 2022 at 06:50
The 2% rule should be followed by all forex traders. Money management is an important part of risk management. How you manage your trading capital is how you manage the risk as a forex trader.
Does forex strategies usually work>
v
Obecné
Jun 22, 2022 at 06:50
It surely isn’t a myth. In fact, having a strategy is important in forex. Strategy is a plan on what you will do as a forex trader and what you will do based on market conditions. Having a plan to work with will save you from a lot of trouble. And that is why we often hear trading tips like “you must stick to your strategy”. So strategies do work, but not forever and not every time. You must be flexible and skilled enough to improvise and improve your strategy when the situation demands.
The fear of losing opportunity
v
Obecné
Jun 17, 2022 at 11:53
This happens a lot with beginners who are too curious to make money that they don’t even research about a trade. All they want to do is execute trades, regardless of whether they understand them or not. This is where a big risk lies and not many traders are able to make money as they expected.
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