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Purpose of demo trading
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Oct 09, 2021 at 18:40
Demo accounts are used by stock trading platforms, foreign exchange trading venues, and commodities exchanges. Demo accounts are geared toward those who've always wanted to trade, but don't have enough money, have the money but don't know where to start, or are experienced traders who want to test new strategies.
Indicators are useful but
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Oct 09, 2021 at 18:38
The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.
To learn the art of trading
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Oct 09, 2021 at 18:32
To trade effectively, it's critical to get a forex education. When you first start out, you can open a forex demo account and try out some dry-run trading. It will give you a good technical foundation on the mechanics of making forex trades, as well as help you get used to working with a specific trading platform.
The beauty of forex trading
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Oct 09, 2021 at 18:29
You can trade anytime and from anywhere in the world. The forex market is open 24 hours a day and i think that is the plus point
To be a successful trader
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Oct 09, 2021 at 18:26
Always Use a Trading Plan.2: Treat Trading Like a Business.3: Use Technology.4: Protect Your Trading Capital.5: Study the Markets.6: Risk Only What You Can Afford.7: Develop a Trading Methodology.8: Always Use a Stop Loss.
Are you afraid to lose your trade?
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Oct 09, 2021 at 18:24
Yes, because the market can be volatile, there is always the risk of losing money when trading a currency pair. In addition to the inherent risk linked to trading, with Forex trading you need to add margin trading and leverage, which means that you can trade large amounts with little initial capital.
Forex is not a bad business
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Oct 09, 2021 at 18:20
For many, a forex trading business may even be their primary means of income. Considered a lucrative means of making money, forex trading, or online forex trading is the process of purchasing and converting various currencies. The only variation here is that instead of stocks of a company, you are trading currencies.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
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Oct 09, 2021 at 18:18
Metatrader 4 vs Metatrader 5. However, they each serve a very different function and, contrary to popular belief, MT5 is not an upgrade of MT4. MT4 was specifically built for forex traders, whereas MT5 was designed to provide traders with access to CFDs, stocks, and futures.
How long it takes to learn
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Oct 09, 2021 at 18:12
It will typically take on average around 1 year for someone to learn to trade forex. The technical side can be learned within a few weeks, but the risk management and psychology will take around a year to come to grasp. The majority of traders give up before ever learning to consistently trade the markets.
Trading time is very important
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Sep 25, 2021 at 17:30
Currency trading is unique because of its hours of operation. The best time to trade is when the market is most active. When more than one of the four markets are open simultaneously, there will be a heightened trading atmosphere, which means there will be more significant fluctuation in currency pairs.
To make a good trading plan
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Sep 25, 2021 at 17:19
1- Outline your motivation.2- Decide how much time you can commit to trading.3- Define your goals.4- Choose a risk-reward ratio.5- Decide how much capital you have for trading.6- Assess your market knowledge.7- Start a trading diary.
Best forex demo account brokers
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Sep 25, 2021 at 17:17
Thanks to all for suggetions
How can we get back funds from a broker?
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Sep 25, 2021 at 17:16
Contact The Broker And Make a Deal. When you realize the potential signs of being scammed, the first thing you should do is contacting the broker. Show Off Your Toughness. .Be Stiffer. Ask For Help From Authorities
What is your favorite leverage?
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Sep 25, 2021 at 17:15
It is agreed that 1:100 to 1:200 is the best forex leverage ratio. A leverage of 1:100 means that with $500 in the account, the trader has $50,000 of credit funds provided by the broker to open trades. So 1:100 leverage is the best leverage to be used in forex trading.
Are you a full time trader?
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Sep 25, 2021 at 17:14
Becoming a professional trader is a challenging task, as most things worth doing are, but it's possible to navigate around many of the pitfalls of trader development through a combination of good planning, focus, and by thoroughly educating yourself on the markets before putting your account on the line.
Where can we find good account managers?
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Sep 25, 2021 at 17:13
5 Traits of a Good Account ManagerKnowledgeable. A good account manager is knowledgeable and understands the goals and priorities of the company. Customer/relationship-oriented. A good account manager is also customer relations-oriented. Strong communicator. Results-oriented. Good Business judgment.
Forex market offers great opportunity
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Sep 25, 2021 at 17:11
Foreign exchange is the marketplace for trading all the world's currencies and is the largest financial market in the world. There are many benefits of trading forex, which include convenient market hours, high liquidity, and the ability to trade on margin.
Best forex broker for scalping and zero spread?
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Sep 25, 2021 at 17:10
Thanks to all for suggestions
Broker support is important
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Sep 25, 2021 at 17:07
A Support Broker is personally hired by a young or adult person with a disability and their family to help create and implement life plans, manage budgets,hire, train and supervise support staff, negotiate rates for supports, network within the community, and expand the circle of friends and other allies in the ...
Is math important for trading?
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Sep 25, 2021 at 17:05
Most new traders think their win rate is the most important math in their trading. It is not, you risk/reward ratio will determine your profitability more than a win rate. ... Capping your risk makes it easier to have a reward that is multiples of your potential risk. If you risk $100 to make $300 it is a 1:3 risk/reward.
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