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RjayBulaong
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RjayBulaong
There are lot of common mistakes
v
Obecné
Jun 22, 2021 at 14:22
I think the biggest mistake most traders make is having a herd mentality. I seriously don't understand why people follow the majority? It's already proven that majority of traders fail, so why rely on education that the majority are learning? Why rely on techniques that the majority are using? It's seriously mind-baffling. Be unique and have your own trading strategy! Back-testing is your friend.
Any good brokers with proper leverage / cent account for EU residents
v
Obecné
Jun 08, 2021 at 11:51
Moneta Markets has been all the s*** here in our country. It's starting to get some name here lol. 50% deposit bonus, 500:1 leverage, and user-friendly trading platform. Am not too sure though if they also cater to EU clients. Check 'em out, my bro!
Steps to Mental Success in Trading
v
Noví obchodníci
Jun 06, 2021 at 15:53
If you study Behavioral Finance, you'd very much know how the markets just work based on traders' psychology. So it's true that it's just a mental game, but a very tough mental game! There's this thing called Loss Aversion, where the degree of unhappiness you feel when losing is much greater than the degree of happiness you feel when winning. So the tendency is for people to be very irrational when they lose (multiply their risk, withdraw all their money, etc.). Keep this in mind! You need to find the right balance between not getting excited when winning and not getting st...
Importance of demo trading
v
Noví obchodníci
Jun 05, 2021 at 13:03
For me, demo trading is so useless (in my experience, at least). It's really only useful for familiarizing yourself with the platform, but with regard to actual trading, hasn't been that helpful for me. I mean, for real though, no one takes play money seriously lol. Dip your feet in the water! You can always start small, then just gradually increase it as you gain more experience.
Exotic pairs.
v
Obecné
Jun 04, 2021 at 19:32
I only prefer major pairs! Minors and exotics are a bit unpredictable, at least from my experience. And I honestly don't understand why we need to dabble in something we're unfamiliar with when we can earn from the ones we're already familiar with.
Should anyone give up?
v
Obecné
Jun 03, 2021 at 17:12
Never give up! Just keep on fighting, my bro
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