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Reccomendation for EA
Yeni Traderlar
içinde
Sep 01, 2022 at 13:06
Agree with you about the copy trading part. It is one of the best ways to start if you don’t have the time to trade on your own. I am also copy trading on zulutrade, has been a good experience so far.
Ready made strategy doesn't
Genel
içinde
Aug 19, 2022 at 07:35
There are things that make us unique in every way possible. No two persons are the same; even twins have some differences. Other people’s strategies are exclusively for their trading; you cannot use them to your advantage. You try to imitate someone, and you lose. Trading is not like our school tests where we could copy to get good grades. In trading, you need to have proper knowledge to succeed.
Is a demo account really neccassary?
Yeni Traderlar
içinde
Jul 08, 2022 at 07:41
I agree with your opinion, but I think that a demo account will help newbies learn better about the world of trading. When a newbie is trading with real money with a small account, the loss will still make them feel something, as they lost their money, however small. They will not feel that way in a demo account. They will learn about the market, and they will be able to judge and tweak their strategies. A demo account has certain drawbacks, but I don’t think that newbies should eliminate a demo account from their learning path.
The fear of losing opportunity
Genel
içinde
Jun 27, 2022 at 09:54
The biggest asset you have to aid you in your trading journey is emotional control. You can accomplish anything if you have emotional control. And you won't be able to make wise selections if you can't.
Is stock trading and forex trading different?
Genel
içinde
Jun 27, 2022 at 07:01
While they both aim to make money when prices move in the short term, there is one key difference between the two: while Forex trading focuses on buying and selling currencies between pairs of countries, stock trading is based on buying or selling shares of specific companies.
5 Things I have learned in 5 years of trading!
Genel
içinde
Jun 27, 2022 at 07:01
The most important thing that I learnt as a trader was to never believe that you know everything about the market. The forex market has its own way of letting people know that it is stronger than anyone. You must be able to keep your risks low until you can take big losses. After all, making up your mind is more difficult than actually trading.
Consistency is the brick
Genel
içinde
Jun 24, 2022 at 10:01
Every trader’s aim is to achieve consistency at making profits but not all of them are able to achieve this goal and that’s simply because the strategies don’t yield results as expected. Bear in mind that for consistent trading results, you must be ready for consistent efforts that take you to the top in the forex market.
Is Forex risky?
Genel
içinde
Jun 24, 2022 at 10:00
Traders aren't well-versed in the market. Foreign exchange trading can be risky. But if you are willing to put in the effort to learn and practise, you will succeed. You'll find it easier.
You need sound mind
Genel
içinde
Jun 23, 2022 at 07:36
To succeed at any endeavour, one must have a well-balanced mind. Good decisions can only be made by people who have a clear head. In order to have a long and fruitful trading career, this is a prerequisite.
Does forex strategies usually work>
Genel
içinde
Jun 23, 2022 at 07:35
Forex strategies do work, but there is no 100 per cent guarantee that they will work or not. A successful strategy might fail too. This is why it is said to tweak and adjust strategies according to the market.
Can you borrow money from the bank to trade forex?
Genel
içinde
Jun 23, 2022 at 07:35
You should never borrow money just for trading at all costs because you do not know whether you will earn a profit or suffer a loss. Because the forex market is extremely volatile and unpredictable, it becomes even riskier for the ones who are new to the game. The ones who do not know how to play lose it all. They often do not know that forex demands skill, knowledge, and expertise. They think that they can get rich as quickly as they want through forex trading. Hence, they think of such ideas as taking a loan to trade. But they do not know that they might lose it all, and when they lose, they...
Forex is not scam
Genel
içinde
Jun 21, 2022 at 07:41
That’s exactly what reality looks like. Those who set unrealistic expectations will obviously have to take unexpected losses. The market becomes their easy target to blame. But if you are ready to find reasons behind your losses and improve the way you trade, success won’t be a far cry.
Mind or Machine? What’s Better For Forex Trading?
Genel
içinde
Jun 21, 2022 at 07:40
It’s all about what you believe in. If you believe that a robot will be able to give you better results, you will accept all that it gets you. And if you believe that manual trading is better, you will do everything that it takes to make profitable trades.
Demo Trading Advantages
Genel
içinde
Jun 16, 2022 at 11:32
Demo trading is like a practice match or warm up session before you start trading with real money. It is extremely important to get some practical knowledge before you go live in the forex market and demo trading is a must for that.
What makes one a Professional Trader?
Genel
içinde
Jun 16, 2022 at 11:31
They treat trading like a serious profession and will be staying in the market for a long time. Discipline and patience sets them apart from amateur traders who quit after encountering losses. In simple words, a professional trader has an edge over the market which comes from knowledge and experience.
Most people fail because
Genel
içinde
Jun 16, 2022 at 11:31
That is quite a valid reason you have put forward. I think forex trading is very sensitive and a single small mistake can result in losing the trade.
Patience is best tool to get success
Yeni Traderlar
içinde
Jun 15, 2022 at 11:39
You don’t become a good runner in one day. In the same way, becoming a good forex trader requires hard work and consistency. And patience is key to achieve that. Many new traders neglect this. They seek instant results. But if trading were like this, would everyone be making money from trading?
Money Management Tips
Genel
içinde
Jun 15, 2022 at 11:38
Divide your trading funds in such a way that even if you lose one trade that does not affect your possibilities of making overall profits from other trades. Do not put your whole trading capital into single trade.A good trader is a good money manager first.
Is trading hard?
Genel
içinde
Jun 14, 2022 at 12:52
Trading forex may seem hard and complicated initially. And the market being extremely volatile can make anticipation of the market movement tough. It can cause you a profit or a big loss. Have caution.However, if you understand the market well and have deep knowledge about the market, then you can surely make enormous money by forex trading.
Most people become unrealistic
Genel
içinde
Jun 14, 2022 at 12:51
Realistic goals are necessary for a healthy trading session. And moreover, there are no free meals in this world. Unrealistic goals can cause disappointment and eventually lead to quitting.
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