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General Forum

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METHOD OR DISCIPLINE?

By Kevin1628 Oct 24, 2021 at 08:20

Both are significant and they contribute to your trading results equally much. That is why there should be no differentiation between which side to move. You need to be knowledgable and self-disciplined at the same time, otherwise, your trading will be unpredictable and there will be lots of losses which are sure to kill your trading account.

32 Replies 1,910 Views

Last post by Dunaud Jan 07, 2022 at 19:37

New Trader

By djstick Jan 25, 2021 at 23:05

If you are new to trading, you'd better not start with trading bots and algotrading. You shouldn't have the illusions that trading bots are able to become the source of passive income, They should always be controlled because of the fact that they can ruin your budget very easily and fast. More than that, there is no perfect trading bots in...

48 Replies 2,908 Views

Last post by Fredriksen Jan 07, 2022 at 19:22

New and undisciplined traders

By UweMoench Jan 10, 2021 at 16:52

There can be lots of mistakes in the very approach to trading of the beginner. I do totally agree with the statement that high expectations may ruin your budget quite easily and fast. That is why before coming to forex everyone should understand that they need to work really hard to achieve success, otherwise, they will definetely and inevitably fa...

32 Replies 2,042 Views

Last post by Bobolyis Jan 07, 2022 at 19:02

Really? Long term is worth the wait?

By SophieB Jul 07, 2017 at 06:17

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.

73 Replies 4,126 Views

Last post by kroxobor Jan 06, 2022 at 05:17

Strategy Survey

By Osikemhekhai Oct 16, 2021 at 11:19

No strategy is ever 100% accurate or perfect. The quicker you can accept this reality of trading, the quicker you will start to see the results.

3 Replies 490 Views

Last post by LyudmilLukanov Jan 04, 2022 at 07:04

Most traders are impatient

By Michihito Dec 27, 2020 at 09:26

Most traders are impatient and want to see results immediately. They get discouraged when they do not see the profits they expect and give up too soon. Successful traders have the patience to wait for the right opportunity and to take advantage of it when it arises.

28 Replies 2,058 Views

Last post by shortant Dec 31, 2021 at 05:17

Spreads

By tradingjules Mar 03, 2021 at 02:42

I always choose a broker according to its spread. Too high spreads, as well as too low are suspicious for me. Trading principles are not so important.

19 Replies 1,409 Views

Last post by Akasuki Dec 31, 2021 at 02:16

To be a gainer

By UweMoench Dec 21, 2020 at 12:12

Only those people who have learned and practice well in forex would be able to make good profit in forex. Others would just try to earn by luck and would usually have more losses than profit.

17 Replies 1,068 Views

Last post by Akasuki Dec 30, 2021 at 08:21

Over trading is a bad habit

By UweMoench Jan 03, 2021 at 07:19

Among all the bad habits, over-trading can be very costly for a trader. There’s this general assumption that the more you trade, the more chances you have to make profits. Sadly, it is often ignored that winning is never guaranteed and it’s possible that the majority of your trades can go wrong. The best is to not take unnecessary trade...

24 Replies 1,872 Views

Last post by pipham Dec 30, 2021 at 04:39

People come into trading

By UweMoench Jan 17, 2021 at 11:40

People come into trading with all kinds of false hopes. They think that one day they will make one big trade which can earn them such a huge profit allowing them to comfortably live their life later on without any need to earn money. There is a special role of marketers in reinforcing this unrealistic belief. Traders believe they can directly jump ...

12 Replies 843 Views

Last post by pipham Dec 30, 2021 at 04:34

Becoming a Forex Expert requires

By Michihito Mar 02, 2021 at 11:37

I see maximum novice traders try to make money without learning! That’s the main reason of having the 95% statistic! Without knowledge, I mean trading knowledge- Forex is impossible!

38 Replies 2,472 Views

Last post by UweMoench Dec 30, 2021 at 04:29

zero spread brokers needed

By woolkan Feb 22, 2021 at 16:06

i am convinced that zero spread is a myth even if there are some brokers who offer to claim 0 spread but people should understand that their commission is already peaked up. So better go with low spread brokers like fxview, icm or pepperstone may be. Do look out for swaps as well.

58 Replies 3,656 Views

Last post by Gabriel99 Dec 29, 2021 at 10:45

Your Gain

By siya1989 Oct 02, 2020 at 08:06

Making consistent profit is not so easy. you need to have proper knowledge and experience.

19 Replies 1,306 Views

Last post by SteveHanks Dec 29, 2021 at 06:00

There are three things

By Michihito Dec 08, 2020 at 13:28

Proper knowledge is very necessary to survive in this market.

18 Replies 1,349 Views

Last post by SteveHanks Dec 29, 2021 at 05:23

myfxbook is doing a great job

By manager Aug 23, 2010 at 08:42

The account tracking tools are very useful and insightful for sure. Enjoy coming into the forum too.

31 Replies 2,266 Views

Last post by sebking1986 Dec 28, 2021 at 11:12

What type of trader you are?

By Dictiony Apr 29, 2020 at 07:44

Scalping in money management gives traders the freedom with a small target, but dropped out when a few pips profit only, and this can make convenient and secure capital

47 Replies 2,624 Views

Last post by UweMoench Dec 28, 2021 at 03:12

Many traders think stop loss

By UweMoench Mar 10, 2021 at 14:58

I don’t see trading without a stop loss a problem. The purpose of a stop loss is to minimise risk. It’s part of risk management. All beginners shouldn’t trade without a stop loss.

25 Replies 1,719 Views

Last post by Nakedize Dec 27, 2021 at 05:52

Is math important for trading?

By UweMoench Dec 13, 2020 at 11:33

Math is important. You won’t be able to understand anything if you don’t know basic math. But you won’t enter trading if you don’t know what profit means. If you know what profit is, you definitely know addition, subtraction, multiplication and division. If you know this much it should be enough. You also don’t need to...

40 Replies 3,109 Views

Last post by davemack Dec 24, 2021 at 03:52

Hedging

By Mohammadi Sep 25, 2017 at 06:29

Hedging is a very complicated thing. I mean that you can learn trading from that kind of resources where everything is explained to the non-professionals, but hedging requires some serious background and knowledge. You cannot get the information about how to hedge your deals in a step-by-step instruction. You should also be able to make some sort o...

28 Replies 2,149 Views

Last post by Bullta Dec 23, 2021 at 19:57

Long term trading

By UweMoench Feb 21, 2021 at 12:32

I don't think it will lead to long term losses instead it will help protect your account from further loss.

11 Replies 972 Views

Last post by Akasuki Dec 22, 2021 at 05:39

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