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BITCOIN DEAD ¿?
v
Krypto
Nov 05, 2021 at 15:11
I don't think BTC will ever be dead
Dogecoin
v
Krypto
Nov 05, 2021 at 15:04
Honestly staying away from this one in general, don't like the confusion and everything surrounding it and don't think it's a good investment. But I could be wrong.
Cryptocurrency
v
Krypto
Nov 05, 2021 at 14:57
I recently became interested in investing in crypto as well, especially BTC. I've been spending a lot of time online learning more about it however before I really jump in. Think it offers a good chance for investment but does seem to be rather volatile.
7 Things to Know to Become a Successful Crypto Trader
v
Krypto
Nov 05, 2021 at 14:55
Thanks for the tips! I recently started to dabble in crypto and I'm feeling confident that it will be a good investment.
Do any forex brokers offer crypto deposit?
v
Krypto
Nov 05, 2021 at 14:43
CedarFX has a 0 commission account and allows you to deposit in BTC with no charge on their side. Their minimum deposit is just $10 as well.
Stop loss is a killer if
v
Obecné
Nov 05, 2021 at 14:42
I never trade without a SL, not willing to risk it.
Investing in Forex
v
Obecné
Nov 05, 2021 at 14:41
When I first opened a trading account I was anxious and nervous. I worried that all the money I had sunk into it would be wasted. Once I actually figired out wjay I was doing, I'd say it was rather exhilarating and seeing a large profit increase made it all worth it in the end.
Fundamental stuff
v
Obecné
Nov 05, 2021 at 14:39
I've always implemented fundamental and technical analysis. I feel that it gives more of an advantage and want to get as much information as possible before risking any amount of money.
Forex is not a bad business
v
Obecné
Oct 28, 2021 at 17:19
I think forex gets a bad reputation because of all the scammers out there, along with the influencers that trick newbies into signing up with little knowledge and blowing their account.
Which Broker is Best for High leverage ?
v
Obecné
Oct 28, 2021 at 17:18
Offshore brokers tend to offer the highest leverage in many cases. I would recommend the broker I use as theirs goes up to 1:500, but they only offer MT4 and I saw you mention that you're interested in MT5.
Best forex demo account brokers
v
Obecné
Oct 28, 2021 at 17:17
Most brokers offer demo accounts so the main think I would look at is which trading platform you wanted to use, like MT4 or MT5, etc.
METHOD OR DISCIPLINE?
v
Obecné
Oct 28, 2021 at 17:16
I think you need one for the other to work, which makes them equally important. If you have a good method but don't stick to it, you'll lose money. If you are a well-disciplined trader with no strategy, you'll also lose money.
Broker support is important
v
Obecné
Oct 18, 2021 at 12:52
Some things scream scammer right away when looking at a particular broker. A website that doesn’t include important info (like costs or deposit methods), hard to reach customer support, a lack of user reviews online, and hidden fees located under their terms & conditions are a few of the first ones I look for. A huge bonus offer can sometimes suggest that the broker is trying to hide unfavorable terms as well, so always look into those.
How long it takes to learn
v
Obecné
Oct 18, 2021 at 12:49
Agree that it depends on the person. Some may catch on quickly and others may take more time, but I think a lot of people could be good traders if they spend enough time and take in enough information.
Confidence is very important
v
Obecné
Oct 18, 2021 at 12:47
If you focus on self-improvement profits usually follow.
The beauty of forex trading
v
Obecné
Oct 18, 2021 at 12:47
There are risks and rewards to trading. Downside is that you don’t get a guaranteed paycheck for the hours you put in and can lose, whereas a regular job is guaranteed money. Still, it was worth it to me because I get to stay home with my kids, go to the baseball games, etc. without having to ask permission from a boss.
How much should you invest in trading
v
Obecné
Oct 18, 2021 at 12:45
I started with a small amount because I wasn’t 100% confident and didn’t want to lose a large amount of money if it turned out that I wasn’t good at it. Later on, I deposited a lot more once I saw good results.
Most traders don't get success
v
Obecné
Oct 18, 2021 at 12:43
Think a lot of the failed trader percentage comes from those that quickly jump in with hopes to get rich with little knowledge or effort.
Unrealistic expectation causes
v
Obecné
Oct 18, 2021 at 12:42
The whole get rich quick idea tricks a lot of people. The traders that are actually doing a good job probably still feel like they’re failing if they’re giving themselves a goal to make x amount of money by a certain date.
Fear of losing
v
Obecné
Oct 18, 2021 at 12:41
Losing money sucks but is normal at times for traders. You have to be prepared for that and use it as a learning experience, rather than getting depressed or beating yourself up over it.
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