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Most people become unrealistic
trong
Thông tin chung
Apr 27, 2022 at 06:32
One of the major reasons why forex traders become unrealistic is that there are no entry and starting filters. They are not well informed and often believe in everything that advertisements tell them about trading. With no knowledge of the live market and real situation, new traders jump into the market with the hope of making exceptional income.
Emotion in Forex trading
trong
Thông tin chung
Apr 26, 2022 at 06:32
Forex trading is a risky affair as we all know it. With exhilarating bullish and bearish runs, some traders tend to feel that if they don’t put their money now, they will miss the bus. Fear of missing out exposes them to unnecessary risks. When you are emotional, you often overlook the importance of making goal-based trades and easily deviate from what you had planned.
Is trading hard?
trong
Thông tin chung
Apr 25, 2022 at 10:19
Yeah, very hard! Ask those who have spent years in the forex market and still have not been able to reach consistency in making profits. Also, ask those who thought that they would be able to increase their investments manifolds but are now trying to cover up for the money lost in the market.
Demo Trading Advantages
trong
Thông tin chung
Apr 25, 2022 at 10:13
I can’t deny that demo accounts introduce new traders to the live trading conditions. But I can’t also deny that too much demo trading fills new traders with overconfidence and makes them set unrealistic expectations that they take big risks when they start live trading.
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