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Good broker is needed
Genel
içinde
Mar 29, 2022 at 11:39
Aaafx is a solid one, good trading conditions.
High Leverage
Genel
içinde
Mar 15, 2022 at 04:35
Leverage can be a blessing if the trader knows how to use it properly. It is preferable to only trade with high leverage when you are confident enough about your trades.
How to select the Best Currency Pair for Investment?
Yeni Traderlar
içinde
Mar 14, 2022 at 06:38
A trader should consider looking into the liquidity and volatility of the currency pair they want to trade. Traders should prefer trading pairs with high liquidity and low volatility. The major currency pairs are most popular among traders and are more stable than minor and exotic currency pairs.
Don’t Let Your Emotions Dictate Your Forex Trading
Yeni Traderlar
içinde
Mar 11, 2022 at 07:01
Fear and greed are two visceral emotions that are necessary to be controlled. Traders need to think ahead of time. This will help traders to move past the emotional response.
Which pair do you use?
Yeni Traderlar
içinde
Mar 10, 2022 at 06:57
I Trade only EUR/USD currency pairs. The currencies euro and US dollar are from the world's major economies making the pair the most traded pair and having the highest liquidity and tight spreads.
Is a demo account really neccassary?
Yeni Traderlar
içinde
Mar 10, 2022 at 06:49
Demo accounts are mainly meant to make traders aware of the platform and the working of the market. They do not develop the trading psychology as real money is not involved. I believe that a trader should not spend more time on a demo and as soon as he finds his strategy is working, he should switch to a cent or micro account. Switching to the cent or micro account allows traders to work on their trading psychology without risking a big amount.
Fundamental Education
Yeni Traderlar
içinde
Mar 03, 2022 at 05:31
Charts only show the information that has already been there and has impacted the market in some way or the other but fundamental analysis helps a trader to study the factors that have the possibility to impact the market. Studying both technical and fundamental factors is important for making sound trading decisions.
What is your Hobby ?
Yeni Traderlar
içinde
Mar 02, 2022 at 06:57
I love to listen to calm and soothing music when I am not trading. It helps me to revive my mind.
Have a plan and stick to it
Yeni Traderlar
içinde
Mar 02, 2022 at 06:48
Yes it is a windy mercy, as no one knows when he'll drown and blow his account. Also, luck does not always work everytime.
What is Pip ?
Yeni Traderlar
içinde
Mar 01, 2022 at 07:21
Pip measures the amount of change in exchange rate of a currency pair and is calculated using the last decimal point. Knowing the pip value of a currency pair gives a trader a more precise assessment of how many pips of risks a trader is taking.
scalping easy ?
Yeni Traderlar
içinde
Feb 28, 2022 at 07:32
I totally agree. Even though scalping is tough but gives great profit earning opportunities. If a trader has a good amount of knowledge and has developed his trading skills in accordance with scalping he can easily make good profits.
The fear of losing opportunity
Genel
içinde
Feb 25, 2022 at 06:21
It is very common for a trader to miss out on trading opportunities but the best thing about forex is it never goes out of new trading opportunities.
Demo Trading Advantages
Genel
içinde
Feb 25, 2022 at 06:12
A demo account aims at recreating the experience of real trading as closely as possible. It gives a feel on how different markets work. A demo account allows a trader to become familiar with the trading platform and gives a sense of working of the market.
Most people become unrealistic
Genel
içinde
Feb 25, 2022 at 05:50
Traders should always stick to the trading process and refrain from having any unrealistic approach if they want to succeed consistently.
Emotion in Forex trading
Genel
içinde
Feb 24, 2022 at 06:06
A trader can’t afford to be emotional while trading. The moment a trader gets greedy or scared, that’s the beginning of his/her downfall in forex trading. A trader should implement the right trading strategies and remain patient to succeed in this field.
Luck is important
Genel
içinde
Feb 21, 2022 at 06:09
I totally agree. One cannot solely rely on luck for making successful trades. Winning trades requires conducting proper technical and fundamental analysis and not making mere speculations or guesses.
Is trading hard?
Genel
içinde
Feb 21, 2022 at 06:01
Forex trading is not only hard but a risky business. A trader needs to be very careful while trading. Like any other business, it needs a deep understanding of the market and a well calculated trading plan.
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