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I am new to Forex and I am about to start my first trades.
på
Erfaren Traders
Jul 31, 2024 at 09:57
Your method for the 200-period moving average and MACD is effective. Because you are utilizing a leverage of 1:1000, you need to focus on risk control. One option is to test your approach using a demo account. Some effective platforms that I have used and continue to use include fxview and pepperstone. Check if the broker is providing you with the indicator you're looking for. This is a great way to test and validate your strategy before trading with real money.
Best currency pair for trading
på
Nya Handlare
Mar 21, 2023 at 12:15
There is no single "best" currency pair for trading because different currency pairs may fit different trading strategies, risk profiles, and market conditions well. Yet, some of the most commonly traded currency pairs are eurusd, usdjpy, usdgbp, and so on. It is suggested that you research and examine different currency pairings before choosing the ones that best suit your goals and trading style.
For new trader, finding a regulated broker is VERY important.
på
Nya Handlare
Mar 21, 2023 at 12:15
Timezone isn't a major issue, you can go for brokers like fxview, tickmill or icmarkets, where they have around-the-clock services, so you don't have to worry about when are they available, mate. You can reach out to them anytime available 24hrs.
How to trade effectively in forex?
på
Nya Handlare
Mar 21, 2023 at 12:14
The best way to trade forex effectively is to first learn everything there is to know about it. After you have a thorough understanding of how forex works, you may create a strategy and open a demo account at the same time, which will result in good learning.
Patience is best tool to get success
på
Nya Handlare
Feb 17, 2023 at 05:58
Patience can be a valuable tool in forex trading. Forex trading can involve fast-paced market movements, and it can be tempting to make quick decisions in response to those movements. However, many successful traders have emphasized the importance of patience when it comes to forex trading. I have mastered patience while trading which is of great use to me.
New Begining on Forex
på
Nya Handlare
Feb 17, 2023 at 05:57
Starting in forex trading can be exciting, but it is important to take the time to learn the basics and develop a solid understanding of the market before diving in. Here are some steps to consider when starting a new beginning in Forex: having proper knowledge, practising with a demo account, having a solid trading plan, being aware of your know risk management, and choosing the right broker for yourself.
Looking for Broker
på
Nya Handlare
Feb 17, 2023 at 05:57
I would recommend fxview as they are my go-to broker, when it comes to low-cost trading, their commission is $2rt and the spreads have been tight for the most part, especially when compared to others.
Diffrence between real & demo trading
på
Nya Handlare
Feb 17, 2023 at 05:56
The main differences between the two are as follows:-Real Account: A real account is a trading account that is used for trading with real money. It involves depositing funds into the account and using them to buy and sell assets in the market. As a result, any profits or losses incurred in a real account are actual and can affect the trader's finances.-Demo Account: A demo account, also known as a practice account, is a type of trading account that allows traders to simulate the experience of trading without risking real money. It is usually funded with virtual money and provides access to...
Successful Traders Mindsets
på
Allmänt
Sep 23, 2022 at 11:02
Successful traders have a positive mind. they see learning in every setback.
Most people fail because
på
Allmänt
Sep 23, 2022 at 11:01
The reason, why most people fail, is because they give up so early
The dark side of forex markets
på
Nya Handlare
Sep 05, 2022 at 07:11
The negative side of forex trading is that it causes people to develop negative traits like greed, bad attitudes, and negative thoughts.
What makes one a Professional Trader?
på
Allmänt
Sep 03, 2022 at 07:21
Regular practice and revised trading strategies are what differentiate a trader from a professional.
Have a plan and stick to it
på
Nya Handlare
Sep 03, 2022 at 07:10
Having a plan is essential, but sticking to it is the most important yet attainable goal.
You need sound mind
på
Allmänt
Sep 02, 2022 at 12:05
yes, that is very true to survive long in forex trading you need to have a sound and calm mind
Emotion in Forex trading
på
Allmänt
Sep 02, 2022 at 12:02
A positive attitude and consistency are what matter the most and these are two main emotions or traits which help you in trading
Demo Trading Advantages
på
Allmänt
Sep 02, 2022 at 11:59
Demo trading accounts are really helpful for newbies like me to learn well before actually risking in a live account moreover you can come up with your strategies.
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