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What makes one a Professional Trader?
Genel
içinde
Jan 16, 2022 at 06:31
If you're not a professional, you will not be successful. Professional does not mean you should take trading as a professional. It is about having the necessary knowledge and a mindset that is suitable for trading in forex.
Emotional Trading
Genel
içinde
Jan 16, 2022 at 06:28
Absolutely right. Emotional attachment is a major problem when it comes to trading. It can cause traders to make a mistake
Tips To Being A Successful Trader
Yeni Traderlar
içinde
Jan 16, 2022 at 06:24
The most successful trade is one that is in accordance with your plan. In order to open a trade, you need to have a plan to follow. Without a plan, we shouldn't trade.
Fear is the greatest reason
Genel
içinde
Jan 16, 2022 at 06:16
The two main enemies of forex traders are greed and fear. principal enemies of traders in the forex market. They are unable to make you think rationally. Because of fear and greed, people make emotional decisions that result in loss.
Getting so much confused with the terms. Please, help.
Yeni Traderlar
içinde
Jan 10, 2022 at 04:50
Yes, beginners must spend time developing understanding and skills in trading. The planning phase is the last part of trading.
Tips To Being A Successful Trader
Yeni Traderlar
içinde
Jan 10, 2022 at 04:41
The path to success isn't easy. For success, you require the right preparation, knowledge, and abilities. It is essential to invest time in learning capabilities. When you're skilled, your success will begin to show. Any new trader must concentrate on developing their skills
Mistakes.
Genel
içinde
Jan 09, 2022 at 08:58
It takes a long time to become proficient in trading. This is why traders commit mistakes. They believe that a couple of years of trial trading are enough. However, it's not true. In reality, it takes years of studying and research to get a degree.
Is demo trading enough before real account?
Yeni Traderlar
içinde
Jan 09, 2022 at 05:09
Demo trading is beneficial prior to go live with trading. However, demo trading should be conducted in accordance with specific guidelines and risk management guidelines.
Successful trading
Yeni Traderlar
içinde
Jan 09, 2022 at 05:01
To be successful in trading, one has to be proficient in technical analysis, candlesticks and psychology of trading. You must develop the ability to be able to discern the market. It's a process that takes time. Be patient and study.
Learning Forex Trading
Yeni Traderlar
içinde
Jan 08, 2022 at 14:36
Without an education in trading, making money is not feasible. It requires a deep knowledge about the markets. The majority of newbies commit the error of not paying attention to studying. They get focused on earning instead of studying. They lose funds on a constant basis.
For Newbie
Yeni Traderlar
içinde
Jan 08, 2022 at 14:09
My first thought was that trading isn't for everybody. It requires lots of time studying. Within 3 or 6 months, you're unlikely to become something (most beginners have plenty of time). Don't chase pips, instead of enhance your abilities. You'll earn consistent profits by following a well-established trading strategy.
There are lot of common mistakes
Genel
içinde
Jan 08, 2022 at 13:09
There are lots of typical mistakes made by traders when they're new. I've also made the same mistake. Opening trade positions prior to major news events, and closing it after news events. Making too much of a trade is a second error. The risk of putting over 1% capital is an error as well. Another mistake is to have unrealistic expectations. It's not our intention to more than double or triple the amount of our capital in a matter of hours. However, it's one of the biggest mistakes you can make. There are also mistakes made when choosing a broker.
My Forex experience
Genel
içinde
Jan 08, 2022 at 12:15
The power of knowledge is efficient when it is used correctly. If you don't make the right use of information the ability to earn money from trading is not feasible.
Can you become millionaire through expert advisors?
Yeni Traderlar
içinde
Jan 01, 2022 at 04:03
An expert advisor can make you a millionaire if you follow every step according to plan
What is the best strategy used as a new trader?
Yeni Traderlar
içinde
Jan 01, 2022 at 03:56
The best trading strategy is the one you create for yourself. It is a bit difficult if you are a beginner, and if you are an experienced trader, then you already have some future strategic developments.
hedging pairs
Yeni Traderlar
içinde
Jan 01, 2022 at 03:50
I don't hedge because hedging is for professional traders. If I see that my position is in losing position, I will close them up.
What is Pip ?
Yeni Traderlar
içinde
Jan 01, 2022 at 03:47
I think trading is not about increasing your daily pips. It is about being disciplined with your trading. You have to create some rules for your trading like risk reward ratio. I personally follow 1:2 risk reward ratio. It means i risk 10 pips against 20 pips profit.
What makes a good MT4 broker????
Yeni Traderlar
içinde
Dec 31, 2021 at 22:53
MT4 is better than any trading platform because it contains all kinds of trading instruments with essential terms and conditions. So the newcomers should take this trading platform for acquiring proper basic fundamental trading knowledge.
Manual is best
Yeni Traderlar
içinde
Dec 31, 2021 at 22:40
I don’t prefer copy trading to a new Forex trader! Because, it’s not anything like the permanent solution, for me manual trading is much better than automatic trading services! So, new traders should concentrate on the demo.
Who's making money in here?
Genel
içinde
Dec 31, 2021 at 21:08
For those who have adequate knowledge and skills Forex provides a good earning source, I consider that Forex is much better as a business rather than our primary source of Income.
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