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Defination of a Good Trader?

Por forex_trader_48574 Oct 09, 2011 at 08:11

A good trader knows how to manage risk and thinks both about risks and profits associated with a trade. He knows how to take control of his emotions and act decisively.

48 Replies 4,163 Visualizações

Última postagem feita por whitneytyler Dec 22, 2021 at 04:54

Customize your strategy

Por UweMoench Nov 06, 2020 at 13:08

This is so on the money and something a lot of new traders don't grasp as they are looking for the shortcuts to able to get into the markets and justr start pulling money out. Truth is there are no shortcuts and the process of creating your own bespoke strategy takes time whether you submit to that or not.

16 Replies 1,132 Visualizações

Última postagem feita por sebking1986 Dec 17, 2021 at 13:40

Unrealistic expectation causes

Por UweMoench Jan 12, 2021 at 13:42

On the other hand, if you correctly set targets and achieve them, this will greatly affect the trading process, discipline will grow, the trading plan will be more structured, and the results will become more stable. In addition, achieving goals trains the body well through the action of hormones, which are produced as a reward for achievement.

34 Replies 1,879 Visualizações

Última postagem feita por MarcellusLux Dec 17, 2021 at 11:10

What makes a coinexx better than Hugos Way

Por corym2217 Oct 06, 2020 at 16:17

Both are low spread brokers but there’s a big difference in the commission they charge, it is $2 rt with coinexx and $10 rt with hugosway. Plus coinexx offers mt5 and acttrader platforms as well besides mt4. However it’s best to test them out on a small account, both have low min deposit requirements.

13 Replies 1,907 Visualizações

Última postagem feita por jonathandaniel Dec 17, 2021 at 10:21

Broker for Canadians

Por agrijatt10 Jun 05, 2019 at 06:32

Being the most important part of your career, you have to make sure that you choose your broker properly. Consider all that would make your trading easier and hassle-free and make your choice in accordance with that.

24 Replies 1,748 Visualizações

Última postagem feita por blancheklein Dec 14, 2021 at 06:05

Are you a full time trader?

Por forex_trader_2237169 Jun 25, 2021 at 15:09

It is not a good idea to start trading forex full-time before gaining proper knowledge and sufficient knowledge in the forex market.

31 Replies 1,599 Visualizações

Última postagem feita por LyudmilLukanov Dec 10, 2021 at 21:08

Why demo is easy?

Por UweMoench Sep 19, 2020 at 13:49

Demo accounts won't prepare you for losses.

99 Replies 5,132 Visualizações

Última postagem feita por LyudmilLukanov Dec 10, 2021 at 21:01

Top 5 Fundamentals of Forex Risk Management

Por NzeCapitalTrades Jul 31, 2020 at 10:40

In order to be profitable, you need your overall wins to make you more money than your overall losses.

21 Replies 1,580 Visualizações

Última postagem feita por LyudmilLukanov Dec 10, 2021 at 11:00

Investing in Forex

Por HenritteC Apr 30, 2018 at 06:27

Forex is for investment not for gambling. If even you are short term trader, you have to treat it from a business point of view.

177 Replies 8,487 Visualizações

Última postagem feita por UweMoench Dec 09, 2021 at 07:16

How to recognize a Forex Scammer ?

Por thirdbrainsa Jul 30, 2018 at 09:24

Click in Google about scams brokers and you will find the broker that you are looking for. On the other hand , you can find them in most popular Forex Forum where the real trader marked all scams platform which cheated with them .

130 Replies 10,709 Visualizações

Última postagem feita por Akasuki Dec 09, 2021 at 07:07

Confidence is very important

Por UweMoench Dec 29, 2020 at 15:02

@skihav yes confidence is one of the main thing in trading. If you can't believe you can do it, you won't be able to do it. No matter what you try.

52 Replies 3,077 Visualizações

Última postagem feita por UweMoench Dec 09, 2021 at 07:01

Losses are a part of trading

Por Michihito Mar 02, 2021 at 11:38

Nobody can avoid complete risk in forex, one has to go through certain % of risk while one trades. But yes, with sufficient amount of risk management, you can of course reduce the level of risk

63 Replies 3,608 Visualizações

Última postagem feita por UweMoench Dec 09, 2021 at 06:58

Part time trading

Por UweMoench Dec 21, 2020 at 12:12

You can trade forex part-time. It will take some time to learn how to trade forex profitably, but it is well worth the effort. You can use a demo account to practice trading with virtual money until you are comfortable with the process. This will help you to avoid costly mistakes when you start trading with your own money.

32 Replies 2,016 Visualizações

Última postagem feita por traderjakelong Dec 09, 2021 at 06:22

In trading everyone should have some rules

Por UweMoench Dec 20, 2020 at 09:07

@traderjakelong Everyone has their own rules. Every successful traders may have different rules but they are common in one thing that's discipline.

50 Replies 3,106 Visualizações

Última postagem feita por Akasuki Dec 08, 2021 at 05:13

Basics knowledge is not enough

Por UweMoench Dec 27, 2020 at 07:07

@romanholiday Experience is very important when ot comes to trading. Experience comes from knowledge and skills. It's a long term process.

46 Replies 2,889 Visualizações

Última postagem feita por Akasuki Dec 08, 2021 at 05:10

What is a robot?

Por Dictiony Mar 16, 2021 at 10:21

Trading robot gives you signals to entry manually or they enter into trade automatically. Robot are usually made by following any strategy. If the strategy is good, robot would be good.

23 Replies 1,607 Visualizações

Última postagem feita por Akasuki Dec 08, 2021 at 05:07

For trading you do not need

Por Michihito Jan 22, 2021 at 12:30

Anyone can trade in the forex if they have researched a lot about it and are aware of the risks involved.

24 Replies 1,632 Visualizações

Última postagem feita por LyudmilLukanov Dec 07, 2021 at 17:28

Best forex broker for scalping and zero spread?

Por forexstudio1 Jul 17, 2021 at 04:19

Choosing a low-spread Forex trading platform is especially important for scalping.

26 Replies 2,222 Visualizações

Última postagem feita por LyudmilLukanov Dec 05, 2021 at 19:47

Stop Loss Importance

Por Roberto21 Mar 13, 2020 at 06:14

Yes if you are a scalper or short term trader stop loss is very important. Otherwise in volatile market it would be difficult to trade. But if you can make consistent money without using SL, you can do it.

85 Replies 5,133 Visualizações

Última postagem feita por UweMoench Dec 05, 2021 at 17:19

Revenge trading

Por UweMoench Nov 30, 2020 at 07:29

Im just scouting around for any breaking news , before bed, to be up and ready for the UK open.So up at say 6.30 am UK time just to read all news and prep. ready to trade Spot.Then i look at the drivel being posted above and the rest.Does anyone know how reply to a message.?

16 Replies 1,103 Visualizações

Última postagem feita por UweMoench Dec 05, 2021 at 23:41

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