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Forex is not like gambling
v
Obecné
Oct 07, 2022 at 07:43
Trading is not gambling, traders use various strategies and tools to increase their chances of winning and be ahead of the market by studying and practically understanding the market by logic unlike gambling.
Does forex strategies usually work>
v
Obecné
Oct 07, 2022 at 07:42
It is usually necessary to study the market and be experienced in Forex strategies in order to be successful. My preferred strategy is a price action strategy since the market pattern keeps changing and this strategy often succeeds for me.
Different approaches of trading
v
Obecné
Oct 04, 2022 at 08:14
One should keep a rational approach towards trading because it helps in giving your mind a direction in trading, also risk management should be thoroughly followed in order to be on the safe track.
Keep your innovation running
v
Obecné
Oct 04, 2022 at 08:10
Innovation comes with experience and having the right kind of mindset to evolve is necessary to keep moving forward in a trading journey. You can only trade according to changing market conditions if you understand the market.
When a trader is a newbie
v
Obecné
Oct 04, 2022 at 08:09
I believe when a trader is a newbie they should devote their time in practicing on a demo account to understand the trading more precisely. Trading without a plan can result in drastic losses for those who jump into the process without a plan. So as a newbie learning should be a primary goal.
New traders love scalping
v
Obecné
Sep 23, 2022 at 11:44
Can you please give me some insights on scalping strategies as auto trading because I always do scalping manually and would like to know more on this. How did you come up with auto-trading in scalping?
Luck is important
v
Obecné
Sep 23, 2022 at 11:43
Traders perform everything logically and get results accordingly, so luck seems insignificant to me. We can talk about how we should put in energy in trading with smart work.
To shine in forex
v
Obecné
Sep 21, 2022 at 07:35
In forex, you can shine by consistently putting effort into growth and not trading more than your risk appetite. Always remember that market analysis is an integral part of the trading journey, which helps you to know the market better.
Most people fail because
v
Obecné
Sep 21, 2022 at 07:33
I believe sometimes people are driven by emotions, and make decisions based on greed which ultimately brings them down in trading. Also, there are many factors responsible which causes people to fail in trading:1. Wrong mindset.2. They consider trading as a shortcut to make money.3. Not focused.4. Lack of knowledge.
What is Forex Trading? What is the profit principle?
v
Obecné
Sep 20, 2022 at 08:07
Forex trading usually revolves around change in currency prices to make profits. Your position of buy/sell and market movements usually determine the kind of returns one shall make. I think the market is very accessible to everyone and keeps a good potential of making returns but requires extensive knowledge.
Is trading hard?
v
Obecné
Sep 20, 2022 at 08:05
It's really hard for those who are completely new to trading and since markets are constantly changing, it takes a lot of effort to stay updated and productive in trading, but with interest one can achieve the passion for trading.
Can forex trading make you rich ?
v
Obecné
Sep 20, 2022 at 08:04
Forex trading can make you rich if you are smart with a great understanding of market movements, along with studying charts we should also know the time to enter or exit a position for the proper analysis.
Successful Traders Mindsets
v
Obecné
Sep 19, 2022 at 11:45
In my point of view successful traders develop a great focus in performing their trades which only comes with good experience and practice. We need to put light on the fact that it's not an overnight success but days of learning and hard work, so I believe successful traders always think about their risk potential before their reward potential and keep on learning, regardless of their top-notch skills, they face upcoming challenges in the market and never risk moving contrary to the market. They have a mindset which is composed, calm and progressive, they study about market trends regularl...
Why do you make money trading on demo but not in real market? [Trading Q&A]
v
Obecné
Sep 19, 2022 at 11:43
Demo is where your comfort resides and in live trading the real game kicks in that’s when one should use its capital wisely to gain returns rather than losing it out of greed, but if we talk about demo we gain more money in it because the real emotions do not kick in whereas in live trading our psychology changes and the trader either restricts itself to fully try out their skills or does over-trading out of greed.
What is the importance of knowledge?
v
Obecné
Sep 19, 2022 at 11:42
Knowledge will take you to the places where even your hard work won't, so we should never stop learning in any aspect. And for trading we should be updated about all the market news and trends which will help us to perform better in live trading.
Demo Trading Advantages
v
Obecné
Sep 17, 2022 at 07:25
It is a great way for novice traders to get a feel for real trading practices before actually trading with real funds on the trading markets they intend to trade in, so it is a good place to begin when stepping into the trading world. It is always a good experience for me as every day is a learning experience.
What is the importance of knowledge?
v
Obecné
Sep 17, 2022 at 07:24
The only thing that can beat knowledge in forex trading is actually knowing what we are doing, just by watching the rates drop or rise, we can't be able to predict forex trading, there is a lot more to study and discover in order to succeed.
Psychology
v
Obecné
Sep 17, 2022 at 07:22
Practice and hard work are the keys to developing trading psychology. Whenever we trade, we should always keep our emotions in check. This is the only way we can perform to our full potential.
When a trader is a newbie
v
Obecné
Sep 15, 2022 at 09:47
As a newbie I feel having some amount of knowledge before we actually start trading is really crucial because that is gonna be our base for the rest of our trading career and also if one wants to get early into trading then you can join similar courses like trading based monthly batches which are available on internet, they will really be a great help.
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