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How much should you invest in trading
Deneyimli Traderlar
içinde
Dec 20, 2021 at 12:16
It’s what you can afford to put at risk more than what you want to, because the market doesn’t work on your ideologies. You have to understand its ideology to make big deals.
Forex Trading Psychology: Levels of FEAR
Deneyimli Traderlar
içinde
Dec 20, 2021 at 12:11
It would be unjustified to say that we don’t fear risking our money, no matter what level of trading we are at. When real money is involved, real emotions take part and it’s not easy to overcome them completely.
financial assistance
Deneyimli Traderlar
içinde
Dec 20, 2021 at 12:04
Hahaha! Aren’t we too curious to help each other? Even when the OP hasn’t mentioned anything about what he needs help with, we can’t stop asking him to tell us.
I'm new to Forex trading and looking for some advice
Yeni Traderlar
içinde
Dec 17, 2021 at 13:23
There is a difference between what you learn about the forex market and how it really is. Obtaining knowledge about the concept should be your first step and the next step should be applying your knowledge. After demo trading for a while, use a small amount when you go live. Understand the market well before you take a big step.
Importance of demo trading
Yeni Traderlar
içinde
Dec 17, 2021 at 13:17
A demo account can surely play an important role in your learning. It helps you cross the barrier of reading what forex trading is and what it really looks like. As you won’t be using any money, you will be free to apply as many strategies as you can without worrying about losing your money.
how i earn money from traders ?
Yeni Traderlar
içinde
Dec 17, 2021 at 13:14
To make money in the forex market, you will have to beat other traders. When someone else loses you make money, and vice-versa. So, while making a trading decision, you have to see what could get you money and avoid what will take your money.
Hey everyone!
Yeni Traderlar
içinde
Dec 17, 2021 at 13:10
So far so good! This roller coaster ride has surely given me some great opportunities and I am glad that I am a part of such a wonderful community.
Steps to Mental Success in Trading
Yeni Traderlar
içinde
Dec 17, 2021 at 13:06
Forex trading is all about making up your mind that you will lose money just the way you will make money. It won’t be possible for you to move ahead without making losses. Keep this in mind so that you don’t set unrealistic expectations and take unnecessary steps that could lead to more losses. Just make your mind and everything else will be sorted.
NEW TO TRADING
Yeni Traderlar
içinde
Dec 16, 2021 at 13:17
There is so much information on the internet that you can go through to learn forex trading. You can read articles, watch videos, and even attend webinars to know more. Plus, forums like myfxbook are a great place to talk to other traders about their strategies and learn.
FX Trading Tips
Yeni Traderlar
içinde
Dec 16, 2021 at 13:11
It’s okay to be emotional. You won’t understand the importance of not letting your emotions be a part of your decision-making until you don’t actually trade. So, gain experience with small amounts and increase your risk appetite eventually.
Day Trading for living..?
Yeni Traderlar
içinde
Dec 16, 2021 at 13:07
I work full time during the day and trade forex during the night. It’s risky and we cannot deny it. This is why I have been very cautious about the steps I take and risk only that much money that I can afford to lose.
New in forex trading
Yeni Traderlar
içinde
Dec 16, 2021 at 13:03
If you are just starting out, you can focus on manual trading first. After gaining some experience, you can move to collecting information about automated trading also. I am saying this because in automated trading, you will have to set some conditions for your program. If you don’t have any knowledge, you won’t be able to do that correctly. So, just make the most of the time you have and gather as much information as you can about trading before you build your own system.
Tips To Being A Successful Trader
Yeni Traderlar
içinde
Dec 16, 2021 at 12:57
You have properly summarized all that a trader should do. I know that we all have different journeys and we can pave our own paths. But keeping all this in mind can help us stay away from unnecessary risks.
Are you afraid to lose your trade?
Genel
içinde
Dec 15, 2021 at 13:30
The fear of losing trade is normal, and it should be dealt with precaution. Traders should risk only the capital that they are willing to lose and use stop loss and take profit order to minimise losses.
Greed, the destruction
Genel
içinde
Dec 15, 2021 at 13:26
Even though making money is the primary reason why many join forex, this approach can lead to big losses if it is too impractical and overseen with greed. Trading requires a set of skills—the knowledge of technical & fundamental analysis, psychology, risk and money management, and statistical maths; it takes months to years to develop these skills. Trading gives results only when you are consistent.
High leverage , High risk ?
Genel
içinde
Dec 15, 2021 at 13:23
Although leverage seems tempting to traders in terms of returns, it can be highly risky if traders don’t take proper risk management strategies. Before picking up leverage, traders should think of it in terms of loss, rather than profits. Since risk and reward walk together, traders shouldn’t place more than what can’t afford to lose. 0
Placing stop loss
Genel
içinde
Dec 15, 2021 at 13:18
Stop loss is important and it’s part of risk management, so traders can minimise risks and maximise their profits. There is no fixed stop loss. Every trader should risk capital as per their risk tolerance. If you’re a new trader, then you should take less risk per trade.
Not gambling
Genel
içinde
Dec 15, 2021 at 13:11
Forex trading demands traders to have the knowledge of technical and fundamental analysis. It’s not gambling. It, however, becomes gambling when traders don’t take the market seriously. It’s a mindset problem: forex doesn’t make anyone rich overnight. Your knowledge in forex will only get you ahead.
Loss
Genel
içinde
Dec 14, 2021 at 05:42
There is always a risk in forex and any other financial market. However, forex can be highly risky if traders don’t take the right steps to minimise their losses. Every trader should assign a reward and risk ratio to their trades and invest the capital they can lose. All necessary steps should be taken to avoid loss.
When a trader is a newbie
Genel
içinde
Dec 13, 2021 at 05:49
A trader should first fully understand the forex market and what it can give and what you should expect. Do not approach the market with some silly expectations. Your earning gets better with time if your skills are on the track. New traders shouldn’t rush and allot time to learning from genuine resources, such as Babypips. After the basics, starting with demo trading is reasonable. If a new trader can build consistency on demo trading, then he is ready to trade live with small risks.
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