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Forex trading is easy for
v
Obecné
Mar 02, 2021 at 12:51
Forex is not easy at all. You have to practice a lot and learn a lot so that you would be able to develop your skills. I'm having a hard time learning how to improve my skill as it would need a lot of patience.
Losses are a part of trading
v
Obecné
Mar 02, 2021 at 12:29
No matter what, loss will always be there in forex trading because this market is bound to loss and that is why we must work hard just to ensure that we eradicate part of the loss because we can never get rid of such loss but to minimize it.
Becoming a Forex Expert requires
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Obecné
Mar 02, 2021 at 12:28
To become an expert in trading we need to practice a lot in demo account also we need to read the e-books about trading this will help us to improve our trading knowledge then we have to make our own trading strategy then i hope we can become successful of expert in Forex trading.
How much do you risk in total to make big profits at ago?
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Obecné
Mar 02, 2021 at 05:35
My risk is 2% of my capital for each trade. Similarly, the most silly introduction to risk is 4%. It proposes I open most crazy of 2 trades. I figure everyone should keep up their hazard association rules. Without overseeing risk in trading entire arrangement achievement is farfetched. Stop loss is a part of risk management.
profits in forex trading
v
Obecné
Mar 02, 2021 at 05:33
The foreign exchange market promises so many possibilities to the trader. Many people may be interested in the forex but are only afraid to take the first step. This attitude should be turned around. Just have a good vision, take the necessary steps and make the forex venture a success.
When a trader is a newbie
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Obecné
Mar 02, 2021 at 05:29
Yes, beginner they need to learn and doing more on practice even use demo account, with practice hence will make perfect, we often hear this quotation and this is good to motivated our trading journey, which as trader must more practice on real trading than only from theory.
There is a proverb that practice
v
Obecné
Mar 02, 2021 at 05:28
It is a simple fact that works not only in Forex but other things. Though perfection is one thing that is difficult to come by but the more we learn, the better trader we shall make. Practice helps a trader in no small way to get over the hurdles of learning easier.
To be a successful trader
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Obecné
Feb 28, 2021 at 14:16
Starting with small amount like 100$ to 500$ is the good practice. One should not investment big amount unless he makes his small amount 3 times with a systematic approach.
Staying peofitable consistently
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Obecné
Feb 28, 2021 at 14:16
To earn consistent profits in forex trading is not easy considering the forex risk is very high. At the risk of it, so to be successful in forex we need to continue to learn and practice trading so well that would allow us to trade with the maximum. And have a good trading psychology is the key to get consistent profit in forex trading.
New traders should be content
v
Obecné
Feb 28, 2021 at 14:08
Every trader at their 1st account tries to get a performance equal to their demo account. Well, there is a huge difference between demo and real accounts, don't try to match the performance just look to preserve your capital. If you can do that I guarantee by the 5-6 month your performance will be better than the interest your money earns in banks and how the markets perform.
how to become a forex market conqueror
v
Obecné
Feb 28, 2021 at 14:07
Trading is not an easy job. The most important thing to develop is your psychology, if you cannot keep cool when your position is loosing money and make decisions based on facts rather than emotions you don't stand a chance.
Risk management is indeed the best
v
Obecné
Feb 28, 2021 at 06:52
Risk management is indeed the best thing for the newbie trader as well as the advance ,this help seal so many leakage that may easily arise from our trade and I do hope that forex trading can be managed properly through this means too and this is what the expert trader get first.
The demo account is the master
v
Obecné
Feb 26, 2021 at 14:18
Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
Scalping is a trading method
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Obecné
Feb 26, 2021 at 14:11
Scalping is a profitable short term strategy but it has risk also. Most traders do not get success just because of scalping. Scalping tends us to do more trading. As a result it creates undisciplined traders. After getting skilled you can do scalping.
Leverage is among the things
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Obecné
Feb 26, 2021 at 14:10
Leverage give traders ability to buy contract size with using margin only, common trading activity usually using no leverage, trading in forex market have to buy currencies in lot size, standard for 1 lot is 100,000 so if no leverage used than only big boys with huge money can trade forex
Both fundamental and technical
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Obecné
Feb 25, 2021 at 14:56
Both the fundamental and technical analysis are very important for any trader who really want to make success here he must try his best and be learn how to do the forecast and get what its take to succeed here as well
Demo is a big opportunity
v
Obecné
Feb 25, 2021 at 14:54
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading experience.
Most people fail because
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Obecné
Feb 25, 2021 at 12:52
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.
Choosing a pair
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Obecné
Feb 25, 2021 at 12:51
It's true that every pair has their level of movement on daily basis yes that is true and they also have time which we suppose to trade and get the very best out of the market.
It is very important to sharpen
v
Obecné
Feb 22, 2021 at 12:39
Trading is really hard unless you master it. It's not a thing for people who are not willing to learn it. And skills don't come in few months. You need good amount of time and dedication for learning. Most people come to trading with a hope of making quick money. That's the biggest problem.
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