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Patience is best tool to get success
Yeni Traderlar
içinde
Apr 15, 2022 at 06:22
Patience is a very much treasured quality for traders engaging in forex. It is easy to be impulsive and make decisions dictated by your emotions rather than logical thinking. But a trader needs to learn a way to focus more on the technical side of things and make decisions based on that. One may find it hard to fight against the gut feeling but a good trader should always let their analytical part of the brain take the lead while making crucial trading decisions.
Mind or Machine? What’s Better For Forex Trading?
Genel
içinde
Apr 15, 2022 at 06:22
A mind is always better than a machine. A machine is made by a genius mind, but no genius machine can make a human mind. All currencies, markets, computers, and other things are the product of some genius minds. So it is always better to use your mind for forex trading rather than depending on computer software and applications.
Fear is the greatest reason
Genel
içinde
Apr 14, 2022 at 07:08
It is fear that leads to failure most of the time. People are driven by fear most of the time. Trading can be very risky if you fear losing money. It is also essential to lower your risk and come up with proper money management and risk management strategy. Psychology is different for everybody, so find the approach that is right for you.
Newcomers and demo trading
Genel
içinde
Apr 12, 2022 at 10:03
Demo is a boon for every trader, especially beginners. Every beginner should start from demo trading as it teaches you a lot about trading. If you start trading without trying out a demo account then it’s gonna be very tough for you to understand the functioning and mechanisms of the market.
Basic mistake we make
Genel
içinde
Apr 12, 2022 at 10:00
Basic mistakes made by traders is that they focus more on earning early profits rather than gathering in-depth knowledge first. Also, traders keep unrealistic expectations thinking they’ll earn profit in every trade that eventually does not match with the ground reality and they lose all of their money. Also, not using stop loss and proper risk management are the common mistakes traders make.
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