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Newcomers and demo trading
Genel
içinde
Mar 26, 2022 at 08:18
New comers should make a good friendship with demo trading. But it’s a rare sight. Demo trading is the solution that can turn a new trader perfect. Through demo trading, a trader can be familiar with all the terminologies, techniques and tools of the market.
Greed, the destruction
Genel
içinde
Mar 23, 2022 at 16:39
So true, I know a trader who used such a high risk reward ratios in his trading; he almost lost 20K and till now he is following that dangerous way! There is no sustainable way to test your luck!
Is trading hard?
Genel
içinde
Mar 23, 2022 at 16:38
Forex is a psychological game! So, if you want to follow your greed, then surely you’ll suffer! There is no way to make quick money in Forex! Money management is the obvious rule here, no way to ignore!
Forex trading offers high leverage
Genel
içinde
Mar 23, 2022 at 06:08
Leverage is a facility provided by a broker. Traders can take extra loan facility more than his capital because of this leverage. But, we never recommend using high leverage because it carries extra level of risks for a trader. The lower the leverage is, the lower the risk is.
What Geopolitical Risk Really Means to Your Trading
Genel
içinde
Mar 23, 2022 at 06:02
Considering geopolitical risk is highly essential because it’s a part of fundamental analysis. Geopolitical unrest turns the market into slump. Global economy starts to decline and so it’s a part of fundamental analysis. Your analysis is not affluent as long as you don’t consider geopolitical risks.
The fear of losing opportunity
Genel
içinde
Mar 19, 2022 at 08:08
Opportunity can be lost but one should not be dejected for so. If one opportunity goes away, another will come soon and this is Forex. It is a blessing opportunity for all kinds of traders trading here. But traders should be devoid of revenge trading because no revenge on Forex cannot be taken.
Greed, the destruction
Genel
içinde
Mar 19, 2022 at 07:57
Yes, another name of greed is destruction because greed razes down a trader’s career. Every investment is valuable to traders and so traders should be careful about handling their investment. Proper money management and risk management should be managed to flourish one’s trading. But, we see these tendencies are absent among traders.
Be productive
Genel
içinde
Mar 06, 2022 at 07:47
A trader has to make him productive through all possible means. Otherwise, Forex will turn his life a hell. And he will have no one to make responsible for his loss. Hard-work, patience, focused on work, eagerness of learning can make a trader productive by the end of the day.
Can you borrow money from the bank to trade forex?
Genel
içinde
Mar 06, 2022 at 07:42
We find many traders in Forex space who have taken loan from banks for funding in Forex market. However, it’s not an appreciable decision because how a trader will pay back the loan if he gets his balance crashed. So, it carries a large amount of risk for them ultimately.
importance of skills
Genel
içinde
Mar 05, 2022 at 06:30
Only losers from Forex market can realize how important trading skill is. The higher the trading skill is, the higher the return is. There is no way to misinterpret this universal truth. So, every single trader should concentrate on increasing his skill at any cost.
Can you borrow money from the bank to trade forex?
Genel
içinde
Mar 05, 2022 at 06:24
No, I will never recommend you to do this because Forex is such a market which can anytime turn a person destitute. If so happens with you, what will you do then? You will have no other way to pay back the loan.
Strategy-based trading
Genel
içinde
Mar 04, 2022 at 05:59
This is a statement I always support. If you ask professional traders who have been in market for long years, you will also reply that they go ahead based on strategy. They make their own strategy based their experience. They rely on trading chart to capture the original market trend.
How much should you invest in trading
Genel
içinde
Mar 04, 2022 at 05:53
A 100 dollar investment is enough if you a newbie in Forex trading. But things are different for you if you are an expert and have sufficient amount of cash in hand to run a business. I am saying it because Forex is an uncertain business. Professional traders too should not invest more than 5000 dollars.
Good broker is needed
Genel
içinde
Mar 03, 2022 at 08:07
Broker is a vital demand to a trader for trading Forex because a broker works as an intermediary between traders and the market. A broker allows traders with other numerous facilities like a trading software, spread, leverage, and margin etc. So, proper selection of a broker is essential.
Newcomers and demo trading
Genel
içinde
Mar 03, 2022 at 08:01
Newcomers and demo trading are inextricably engaged. Because you know newcomers enter the market with no trading knowledge and they need to improve day by day. But we hardly see this patience among new traders as a result their falling rate from Forex is at the peak.
EURUSD Analysis thread (Ongoing)
Genel
içinde
Mar 01, 2022 at 15:46
Expecting huge crush because of the current war! But technically (based on technical analysis) I am bullish on EURUSD (long term).
Trend Trading.
Genel
içinde
Feb 25, 2022 at 16:31
I think trend trading is relatively challenging than range trading! Because, in a trend , there is no specific answer where the trend will be finished, but in a range your support , resistant levels are so clear to take a new trade position.
Newcomers and demo trading
Genel
içinde
Feb 25, 2022 at 16:28
Unfortunately a number of new traders using their demo slightly; as a result when they go for live trading they face a huge loss! This is why my suggestion is to the all new traders, please use your demo so sincerely as like your live trading account!
Fear is the greatest reason
Genel
içinde
Feb 23, 2022 at 15:24
Then you should go with a fixed risk reward ratio, like if your fixed risk ratio is 1%, then you don’t need to adjust or readjust any lot on any specific trade position, so no issue at all!
Most people become unrealistic
Genel
içinde
Feb 23, 2022 at 15:21
True, I know a trader who are expecting 100% return in every month, but his trading skill is too immature, less than 30% accuracy! On the other hand, his money management plan isn’t organized, but till now expecting 100% return! That’s the reality!
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