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Indicators are useless
v
Obecné
Sep 06, 2021 at 10:27
Indicators are not completely useless, they can really help you in making the right trading decision. I think in trading, it all boils down to the fact that everyone has their own preferences. Some find one tool easy to use and others find some other tool easy. It is much about how well you use a tool rather than how useful a tool is.
Control your greed.
v
Obecné
Sep 06, 2021 at 07:27
If greed is not checked at the right time, it may land a trader in some serious problems. Most of the traders end up over-trading out of greed. Therefore it is very important to prepare your mind. It is only our mind that prompts us to make money quickly. Therefore, it is good to strictly follow a trading plan so that you don’t deviate from your goals. It will save a trader from blowing up their account.
Indicators are useless
v
Obecné
Sep 01, 2021 at 07:21
@AliaDare I also like to work with the price action. These, I feel, are the least lagging among the bunch of other trading tools.
5 Things I have learned in 5 years of trading!
v
Obecné
Sep 01, 2021 at 05:18
@Walton_Charles I too don’t agree with the first point. Brokers are indeed important for profitable trading. If the choice of your broker doesn’t align with your goals, you would only get disappointment from your trade. To get most from the trade a new trader needs to be very careful while choosing a broker.
Demo can not make you well experienced
v
Obecné
Aug 30, 2021 at 10:14
Definitely demo accounts are useful to get the feel of the trading world. It allows the trader to become familiar with the market and to understand the risks so that the trader can develop the skills accordingly.
Leverage is useful or not ?
v
Obecné
Aug 30, 2021 at 04:12
If used properly, Leverage can be really useful but one needs to know that leverage has a potential to magnify your profits as well as losses.
What happens when demo accounts expire ?
v
Obecné
Aug 27, 2021 at 13:10
It is better to start your learning process way before you sign in for a demo account. Only start using a demo account when you think you are ready and just want to practice, but if 90 days are less you can always request extension of the validity of the demo account. Most brokes happily do that.
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