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Which pairs are your least favorite to trade? And why?
Yeni Traderlar
içinde
Mar 11, 2022 at 06:34
Exotic currency pairs are the most volatile currency pairs and should be avoided. These currency pairs have least liquidity and in order to trade them, traders need a big amount of deposit to meet the losses in the form of large spreads.
Anyone Trading For A Living?
Deneyimli Traderlar
içinde
Mar 10, 2022 at 04:48
Not many traders would be making a living through forex trading. But there would surely be many of them who are making consistent profits.
You need sound mind
Genel
içinde
Mar 09, 2022 at 07:56
That’s right, a trader who is dealing with emotional turmoil can damage his/her trade badly. Therefore, it is paramount for traders to have a sound mind while trading.
How to Avoid Forex Losses In Forex Trading?
Yeni Traderlar
içinde
Feb 11, 2022 at 04:58
Couldn’t have said it any better! Traders can backtest their risk management strategies on a demo account.
Emotion in Forex trading
Genel
içinde
Feb 11, 2022 at 04:49
Emotions and trading don’t play well. To be successful in forex trading, one needs to keep his/her emotions in check. Trading with greed to earn more profits or doing revenge trading to cover losses never brings a good outcome.
What makes a good MT4 broker????
Yeni Traderlar
içinde
Feb 09, 2022 at 04:33
As a scalper fast order execution is important for me. Mt4 on finprotrading has been my go to.
How much Important of Leverage for Trading
Genel
içinde
Feb 07, 2022 at 07:29
Leverage is a double-edged sword. If used smartly, it can magnify your profits, but if your strategy fails, then it can magnify your losses as well. But, leverage has a great advantage for traders, it allows them to open larger positions with small capital. To use leverage to your advantage, you must have a strong trading strategy along with a loss management plan.
Manual is best
Yeni Traderlar
içinde
Jan 14, 2022 at 07:11
Automated trading is useful for those traders whose goal is to take a maximum number of trades such as scalpers. However, for an average trader with goals to take few but good trades, manual trading is best. When you get signals for so many opportunities, there's a constant feeling of missing out on big opportunities which may not be good for your trading psychology. With manual trading, there's no such thing and you can efficiently focus on the trades you take without thinking about those you missed.
How to trade effectively in forex?
Yeni Traderlar
içinde
Jan 14, 2022 at 07:10
There is no such strategy which you can use to avoid losses. Imagine if there would be one such strategy, why so many traders would have been failing so many times. Don’t waste your time on searching for a holy grail strategy. Focus on the ways you can use to minimise losses.This is the only effective way to trade.
How does experience come?
Deneyimli Traderlar
içinde
Jan 07, 2022 at 04:12
Experience comes with patience, constant learning, implementing your knowledge and enduring through the hardships of trading.
What is fast forex scalping?
Genel
içinde
Jan 06, 2022 at 05:30
Scalping is one of the fastest trading strategies that requires you to buy and sell currencies within a few seconds to a few minutes. Scalpers try to skim small profits from a large number of trades. The idea behind scalping is to let the small profits add up and contribute towards a bigger profit.
Really? Long term is worth the wait?
Genel
içinde
Jan 06, 2022 at 05:17
Whether it’s trading or investing, financial markets are always very uncertain and you can never truly predict whether holding on a trade will be worth it or not. However, if you plan to employ long term strategy in your trading then it’s a good idea to fundamentally analyse the pairs and the underlying economies thoroughly.
There is no short cut
Genel
içinde
Jan 04, 2022 at 04:40
@sebking1986 Rightly said, there is no reward without hard work. Forex trading is a field that if you master it once can help you reap rewards for years to come.
Luck or Hard Work?
Yeni Traderlar
içinde
Jan 04, 2022 at 04:31
I think luck does have a role in your success but if you rely completely on luck, then you are turning blind eye to everything else. Luck doesn’t favor anybody forever but skills achieved through hard work will always help a trader to make informed decisions, even in the most unfavorable moments.
There is no easy way of learning
Genel
içinde
Jan 03, 2022 at 05:44
Many marketers promise to teach forex trading in a week or some even go to the extent of teaching all about forex in a master class of a few hours, but believe me there’s no shortcut or easy way to learn trading and you should not look for one. Just knowing different aspects of forex is not enough. One should really indulge in detailed study and practice until perfection to really succeed as a trader.
There is a proverb that practice
Genel
içinde
Dec 23, 2021 at 04:49
Sweat more in practice, bleed less in war. I think we all must remind ourselves of this, whenever we feel like jumping on to a strategy or a method or even a live account when we are still not very sure about our skills.
By trading we can make
Genel
içinde
Dec 23, 2021 at 04:43
I think it’s not trading that is difficult but our mindset that creates problems for most of us. We need good practice to master any skill, even trading. When traders who start with a thought of making a lot of money in the market are easily subjected to learn vast concept of trading, they think that it's difficult.
0 spread low commission broker.
Deneyimli Traderlar
içinde
Dec 21, 2021 at 07:24
0 spreads are hard to get, spreads I mostly get on finprotrading range anywhere between 0.1 to 0.4 pips. Commission is low - $2 /$100k rt.
Basic mistake we make
Genel
içinde
Dec 17, 2021 at 04:40
Chasing gains while not caring about preserving the profits made is one basic mistake that many of us make. We often don't realise that earning is not enough but we should also look for ways to save those profits. Else, every winning trade is in vain.
The fear of losing opportunity
Genel
içinde
Dec 14, 2021 at 05:53
Traders should understand that they can’t take every opportunity that comes their way. Market is very uncertain. Even when you are winning continuously, there’s still a chance of losing all your profits in the very next moment if you keep trading recklessly. It is good to open a position only when you see most things are in your favor.
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