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lose professionally is the key to success
Yeni Traderlar
içinde
May 15, 2017 at 10:05
Yes, high risks can bring about high profits provided only and only if one is confident enough have proper knowledge and risk management techniques. With respect to high risks it is meant a considerable amount to risk so that it can bring sufficient profits because if we don’t risk at all then also profits cannot be there. Obviously risk must be kept upto that level only which one can easily bear.
lose professionally is the key to success
Yeni Traderlar
içinde
May 11, 2017 at 12:58
Loses are inevitable and part of every business. But the intensity of loss can be reduced with proper risk management. True above said that high risk leads to high profits and without certain degree of risk profits cannot be earned. Losing professionally is not bad for trades; instead a trader must learn from his own losses and boost his trading further. A loss can also acts as a motivational factor when utilize in right direction.
Robotic Trading VS Manual Trading
Yeni Traderlar
içinde
May 09, 2017 at 11:26
Automatic trading has recently become quite popular due to very pros attached to it: trading through automated signals can be accurate, perfect and error free. It covers the inability of the trader to trade in discipline and continuously follow the trading plan. Robots ensured that the trades are taken as per the set plan. Robots also don’t get tired unlike human traders, so with these robots you can perform trades 24 hrs a day. Though, experts always prefer to opt for hybrid platforms and don’t go solely for either manual or auto-trade.
How to build a good trading strategy?
Genel
içinde
May 04, 2017 at 14:25
Building a good trading strategy is not at all one time task but it is a long process which requires experience, skill and sufficient knowledge of forex fundamentals. Back testing is a very good technique to test your own strategy before playing with it. However, for that one need to invest time practicing, understanding various technical indicators and then building your own strategy as per your area of interest & trading style. Switching from one strategy to other is not a good idea rather stay calm, patient & invest time in successfully building your strategy. Learning from ...
Please help a newbie
Yeni Traderlar
içinde
Apr 24, 2017 at 09:53
2 months demo trading as per me is not sufficient enough. However, if you feel like that you can trade for more you can go ahead and try it. But if you have any doubt or hesitation then, I would suggest you to invest some more time and later trade effectively with more amount.
DEMO ACCOUNT vs LIVE ACCOUNT
Yeni Traderlar
içinde
Apr 18, 2017 at 10:46
Completely agreed. rather than being doomed under the burden of debt, it is always better to trade carefully keeping in mind what all you can risk.
DEMO ACCOUNT vs LIVE ACCOUNT
Yeni Traderlar
içinde
Apr 13, 2017 at 12:04
Very well explained! As I said demo accounts are good for understanding the platform it is natural because there is a huge difference between theoretical and practical knowledge. And practical side has more long lasting and effective impact on the mind of a person. Psychologically also demo accounts gives a false imprint. Hence, a step to being a successful trader is learning in demo account and controlling emotions in real account.
DEMO ACCOUNT vs LIVE ACCOUNT
Yeni Traderlar
içinde
Apr 11, 2017 at 07:39
Agree! psychological aspect is one big difference while trading in demo & live account. I personally feel demo account should be used to get familiar with the trading platform and understanding the technicalities. As while trading in real environment our emotional & mental acts comes into play. So, one must always deposit that much amount of money in real account which he is ready to wipe out.
What is a pip?
Genel
içinde
Apr 07, 2017 at 11:29
A pip in forex stands for point in percentage. It represents the change in value between two currencies. It is usually a last decimal place of price of currency. For example – if EUR/USD moves from 1.2256 to 1.2257 then this 0.0001 pip rise in value of the currency pair represents a pip.
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