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Money Management Tips
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Obecné
Aug 02, 2021 at 12:22
@reece22 Taking 1% risk per trade is very good risk management policy. But if you open 10 trades at a time time that would be 10% risk. So we need to be careful about it.
Indicators are reliable but
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Obecné
Aug 02, 2021 at 12:19
@marshallbuchanan Yes indicators are not everything. It is just the tool that helps u to understand about price charts. Decison making is the most important part.
Forex is the biggest financial
v
Obecné
Aug 02, 2021 at 11:34
Yes forex is the biggest financial market. Market is always moving. That is why it is not easy to make money here. You need good skills and knowledge to make money here.
What is the trading psychology for you?
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Obecné
Aug 02, 2021 at 07:39
@Sarjohn Yes your are right. If we can not accept loss, it is possible that we will take revenge trade. And revenge trade is not good at all.
IcMaket and PayPal
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Obecné
Aug 02, 2021 at 06:40
I do not think dispute will help you to get you the money. The loss happened due to market volatality. Then too u can try if you want.
Money Management Tips
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Obecné
Aug 02, 2021 at 06:33
@FXOday But the problem is most traders do not have any proper rules. So they do not follow any rules. Most decisions are implusive.
Profit target?
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Obecné
Aug 01, 2021 at 17:39
Profit target should depends on your strategy. But it should not flactuate too much. It is bad for your psychology. You becomes indicisive about target. We need to be disciplined.
Is forex trading really worth it?
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Obecné
Aug 01, 2021 at 16:35
It depends on whether you can learn it or not. Learning means the deep understanding of the market. Without proper skills forex trading is not worth.
Follow the rules and Don't lose your money.
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Obecné
Aug 01, 2021 at 16:32
@Akasuki Yes you are right. Most people do not follow any rules. Warren Buffett said something like, if you can't write some reason why you are buying, don't buy it.
importance of skills
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Obecné
Aug 01, 2021 at 16:25
Yes it is not necessary skills that maater. Many people waste years by doing unproductives things.
What happens when demo accounts expire ?
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Obecné
Jul 31, 2021 at 11:45
You better find a broker that gives demo trading opportunity for long term. To test a trategy one needs at least few months of demo testing.
Not gambling
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Obecné
Jul 31, 2021 at 11:28
@GeorgeBischof Gambling and trading in forex is totally different things. People do gambling in trading when they do not know what to do?
trading strategy nowadays.
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Obecné
Jul 31, 2021 at 11:26
@AliaDare Yes money and risk mangagement is important. With a very average strategy one can make good money if he follows proper money and risk management.
profits in forex trading
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Obecné
Jul 31, 2021 at 11:23
Making profit in forex trading is not an easy job. It is one of the difficult jobs in the world. It is easy to make some profitable trades here and there. But consistency is not easy.
About news trading
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Obecné
Jul 31, 2021 at 10:09
@MarcellusLux Yes you are right. News trading is not someting that can be recommended. It requires good understanding of the fundamental of both the both currency in a pair.
Control your greed.
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Obecné
Jul 31, 2021 at 10:00
Very few traders can control greed. It is not a cup of tea for all traders. It needs right education and prarice to control greed in trading.
backtesting
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Obecné
Jul 28, 2021 at 12:25
Back testing can you can idea about the strategy. But before trying on live account, it is good to try on demo account.
What is the trading psychology for you?
v
Obecné
Jul 28, 2021 at 12:21
Trading psychology is the mindset you have. You need a good mindset. You need to know how to control your mind while trading. You have to trade only your systems permits you.
scalping anyone??
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Obecné
Jul 24, 2021 at 12:07
@AliaDare Yes scalping is risky. That is why it needs good skills and experience. Scalping is not for everyone specially not for new traders.
By trading we can make
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Obecné
Jul 24, 2021 at 12:03
@LukeRachel Yes good trading skills, money and risk management skills are the key. A trader also need to know when to trade and when to have patient.
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