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5 Things I have learned in 5 years of trading!
på
Allmänt
Nov 07, 2022 at 05:47
This particular question makes me perplexed to choose only 5, as all traders have a lot to share. Some of them are- • Trading demands a calm and cool mind with a determined heart full of patience.• A broker is not mandatory in trading.• Never trust blindly the 'trading masters' of social media platforms. • In trading one has to be a receptive student or learner first, then they may be a successful trader. • Trading is not the supernatural element that can make you rich within a day.
Best Broker
på
Allmänt
Sep 27, 2022 at 08:06
For me the best broker is the one that offers me good trading conditions, put no restriction on my trading style and pays me on time.
Demo can not make you well experienced
på
Allmänt
Aug 26, 2022 at 08:00
It's a matter of actual realisation that a demo can't have the capability to make you perfect in trading. But to get the superior one, you must have to overcome the inferior steps. And the demo is like that. A demo just functions as the mirror of your self-confidence in the field of trading.
Demo Trading Advantages
på
Allmänt
Jul 04, 2022 at 03:55
The majority of traders disregard demo trading since they do not understand its significance. They are unaware that demo trading can help them improve their trading skills. Even experienced traders trade on demo accounts whenever they have to test their strategies.
Most people become unrealistic
på
Allmänt
Jul 01, 2022 at 07:01
It is critical to understand that when most people start trading forex, they become unrealistic. They hope to become rich quickly, or perhaps millionaires overnight, but this will almost certainly never happen. Forex is a long-term game where results are achieved overtime if you are patient enough to go through profits and losses without getting overly emotional.
What are the popular Techniques for Forex trading?
på
Allmänt
Jun 03, 2022 at 07:08
Traders choose their trading strategy after determining their trading style. Trading style can be determined by doing a self analysis research which includes your risk tolerance, preferring long or short term trades and determining the number of trades to be carried out in a day.
Mind or Machine? What’s Better For Forex Trading?
på
Allmänt
Jun 03, 2022 at 07:07
Machines can not create ideas and new techniques which a human mind can. Machine mind is limited and will only be efficient upto the range that has been set.
The future of Crypto
på
Krypto
Apr 25, 2022 at 10:36
As we all have witnessed large scale fluctuations in the past few months, it is difficult to predict the price directions of the crypto market currently. However, several well read analysts are sure about the rise of cryptocurrencies by mid 2022.
Whats your opinion on the most important aspects of a trading system
på
Erfaren Traders
Apr 25, 2022 at 10:36
Most important in my opinion are risk and money management techniques and you can’t achieve success without employing them. Here are a few factors that should always be considered before making trading decisions:Having a risk reward ratio is essentialUsing stop lossBacking decisions with a set of smart trading strategies Also, it is always beneficial to plan entry and exits before entering a trade
Small investment
på
Allmänt
Apr 21, 2022 at 09:19
To be honest, the amount of investment does not largely impact profits in the forex industry. Profits are mostly driven by skills, expertise, dedication, consistency and hard-work. So rather than worrying about your capital investment, it is beneficial and wise to take time to arm yourself with adequate knowledge and skills needed to ace trading decisions.
How much should you invest in trading
på
Erfaren Traders
Mar 25, 2022 at 04:15
Deciding the right amount of capital investment can often be confusing for novices. However, you can always start small and add on to your capital eventually. Personally, I started with a basic investment of $200 and added more soon after I became confident about my skills and knowledge.
Broker
på
Allmänt
Mar 23, 2022 at 11:50
I’ve used turnkeyforex, eaglefx and lmfx so far. All three are good brokers with solid trading conditions.
Forex Courses
på
Nya Handlare
Mar 14, 2022 at 05:13
Personally, in order to guide and educate myself about the forex market and different concepts of trading, I opted for an intensive course on Udemy which was quite informative and helpful overall.
Greed is poison
på
Nya Handlare
Mar 11, 2022 at 04:52
Greed is the most poisonous weapon while trading in the forex market as if not controlled and monitored, it can lead to unnecessary irrational trading decisions in forms of overtrading and overleveraging etc. which leads to vast amounts of losses.
Patience is best tool to get success
på
Nya Handlare
Mar 09, 2022 at 04:27
Patience is indispensable to survive long in this forex market. It helps in innumerable ways as comprehending the sea of concepts, fundamental and technical analytics of the forex market is not an easy job. No matter how difficult it might seem to conquer in the beginning, it eventually pays off as it enables the traders to wait for the perfect time to spot opportunities and make a move to minimise losses.
Which indicator you use most for your trading?
på
Nya Handlare
Mar 07, 2022 at 06:20
The technical indicator that I use the most is bollinger bands as they aid in signalling the right time to enter or exit a position by identifying when an asset is oversold or overbought in the market.
Which pair do you use?
på
Nya Handlare
Mar 04, 2022 at 05:37
To keep my trading strategies simple, I always choose to trade one currency pair at a time so that I can use my time to analyse its historical data and predict future movements. Generally, I opt for liquid pairs to avoid volatility. USD/EUR is my all-time favourite currency pair to trade with.
Avoid predicting the markets, Rather be reactive.
på
Nya Handlare
Mar 03, 2022 at 04:57
No, I don’t agree to this at all. Analysing market trends and price reversals has always helped me spot opportunities. Signals, patterns, charts and indicators are highly used by traders of all magnitudes and shouldn’t be ignored if you are planning to survive long in the market.
What is Pip ?
på
Nya Handlare
Mar 02, 2022 at 05:37
In forex trading, pip is an acronym that denotes ‘percentage in point’ or ‘price interest point’. It is the smallest price move that an exchange rate makes on the basis of forex market convention. Generally, all the currency pairs are priced out to four decimal places while the pip change is the last decimal point.
The dark side of forex markets
på
Nya Handlare
Mar 02, 2022 at 05:29
“All that glitter is not gold”, as rightly stated, there are a lot of downsides of the forex market. Some of them are:Risks associated with leverageTrading forex can lead to an emotional turbulenceOperational risksGetting scammed
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