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There is a proverb that practice
på
Allmänt
Dec 28, 2021 at 11:14
I think you could adapt it to something like "practice makes probable" in forex.
Ready made strategy doesn't
på
Allmänt
Dec 28, 2021 at 11:13
I honestly don't think they work either as a strategy is very personal and so will always need to be bespoke.
myfxbook is doing a great job
på
Allmänt
Dec 28, 2021 at 11:12
The account tracking tools are very useful and insightful for sure. Enjoy coming into the forum too.
People come into trading
på
Allmänt
Dec 27, 2021 at 11:53
It's good to dream but you can't expect the highs without lows and putting in the work. There is no room for closed minds and lazy people in trading.
What is your trading schedule?
på
Nya Handlare
Dec 27, 2021 at 11:51
First few hours of London and New York sessions.
Mentorship
på
Nya Handlare
Dec 27, 2021 at 11:51
I don't think it is required when you first start out as the basics are free and widely available.
When a trader is a newbie
på
Allmänt
Dec 17, 2021 at 13:44
I agree but most who come in don't want to look at trading like a profession and a degree to get to be proficient in that subject area. They look at it as a gamble, and just as they do with the bookies, they lose.
Believes.
på
Allmänt
Dec 17, 2021 at 13:43
The concept of a "mental stop loss" isn't used by big institutions or banks, I can be sure of that! Greed leads to doing that and a complete lack of understanding of risk management.
Customize your strategy
på
Allmänt
Dec 17, 2021 at 13:40
This is so on the money and something a lot of new traders don't grasp as they are looking for the shortcuts to able to get into the markets and justr start pulling money out. Truth is there are no shortcuts and the process of creating your own bespoke strategy takes time whether you submit to that or not.
financial assistance
på
Erfaren Traders
Dec 16, 2021 at 11:39
You need to be more specific than that.
Hey everyone!
på
Nya Handlare
Dec 16, 2021 at 11:38
Hi Sharif. Good thanks, some strong impulses after last night!
High leverage , High risk ?
på
Allmänt
Dec 16, 2021 at 11:37
High leverage only equals high risk if you change your trading behaviour neagtively towards it. If you are trading with good risk management across individual and collective open trades then leverage can just ensure more of a buffer for you.
The fear of losing opportunity
på
Allmänt
Dec 14, 2021 at 12:14
The thing new traders need to understand is that trading is a game of probabilities and caution. Unless the opportunity is high probablility you are always better off keeping your powder dry. There is always another high probability set up around the corner.
Best Broker
på
Allmänt
Dec 14, 2021 at 12:02
IG, IC Markets and EagleFX work well for me. Always get withdrawals promptly and don't cause me any headaches.
Is trading for living possible?
på
Allmänt
Dec 14, 2021 at 12:00
Possible to make a living from all difficult vocations but the truth is more fail at them than succeed.
How to determine whether the platform is safe and reliable?
på
Erfaren Traders
Dec 13, 2021 at 14:31
Research on multiple sources to narrow down the ones that are candidates and then probably testing them out yourself.
Are you happy with your broker?
på
Nya Handlare
Dec 13, 2021 at 14:26
I use a few brokers and happy with my choices so far.
EURUSD Analysis thread (Ongoing)
på
Allmänt
Dec 13, 2021 at 14:23
Very busy week for both EUR and USD news so could see some decent drivers to decide medium term direction into the new year.
Broker and regulations
på
Allmänt
Dec 10, 2021 at 17:47
I don't think it is as important as it used to be personally, particularly to those in the US who are hamstrung by regulations that actually offer little in the way of fund protection, all the while limiting their trading conditions. That's not to say all unregulated brokers are good. Just that they shouldn't be dismissed out of hand.
Tips To Being A Successful Trader
på
Nya Handlare
Dec 10, 2021 at 10:23
On point 1 I will say that understand early that you can take ideas from others but you can't take out the box ready made plans. You have to do the work to find what is right for YOU.
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