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About news trading
Genel
içinde
Jun 22, 2021 at 10:25
Agreed. I would suggest to use fundamental and technical analysis to pick on the trading strategy
Why stop loss order are important and tips ?
Genel
içinde
Jun 22, 2021 at 10:24
Agreed. They play a critical role in your trading to minimize the losses that you are making in case the order goes the reverse.
Exotic pairs.
Genel
içinde
Jun 04, 2021 at 10:18
I too prefer majors only because they represent some of the world's most stable economies.
Emotional Trading
Genel
içinde
Jun 04, 2021 at 10:11
If you say that you'll trade without any emotions, then it's not possible. Emotions will always be there. You can only control those emotions. You can read Trading in the Zone by Mark Douglas. This book is called the bible of the trading psychology and will be of huge help to those who are struggling with their emotions.
News trading is very tempting
Genel
içinde
Jun 04, 2021 at 10:05
I believe in FA and TA more than news.
Should anyone give up?
Genel
içinde
Jun 01, 2021 at 09:36
What I believe is that winners never quit and quitters never win.
Trading with borrowed money
Genel
içinde
Jun 01, 2021 at 09:33
You are absolutely right buddy!When you lose your own money, you can’t lose more than what you have. But when you lose borrowed money, you can lose more than what you have.
Two important book about trading psychology
Genel
içinde
Jun 01, 2021 at 09:30
Agreed!Books are a great source of gaining forex trading knowledge. The Disciplined Trader by Mark Douglas is one such book which trains you on good psychological control.
Fundamental stuff
Genel
içinde
Jun 01, 2021 at 09:25
I prefer using a combination of Fundamental Analysis and Technical Analysis. On the fundamental front, I give a lot of importance to economic data of G7 nations and China and when it comes to identifying trends and making entry/exit decisions, Technical Analysis is the tool that I refer to.
To shine in forex
Genel
içinde
May 31, 2021 at 06:43
To shine in the forex, along with knowledge, discipline and patience, traders should keep in mind the following points as well:-Choose and test a consistent trading strategy.-Set a risk/reward ratio to 1:2 or higher.-Set realistic profit targets.-Avoid the use of high leverages.-Do not invest more than 5% of trading capital on each trade.-Keep a trade journal.-Do regular market research.
Becoming a Forex Expert requires
Genel
içinde
May 31, 2021 at 06:37
Gaining expertise requires plenty of hard work and dedication. Along with this, traders need to gain insight through knowledge and experience to become expert forex traders.
Ready made strategy doesn't
Genel
içinde
May 31, 2021 at 06:31
Ready made strategy is never gonna help you in the long run because what may work very nicely for someone else may be a disaster for you. So, formulate a strategy based on your own personality and goals.
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