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hi. I'm new to forex trading.
v
Noví obchodníci
Jan 31, 2022 at 21:30
Hi Roger .As others have stated start off on demo .Use proper money management Never risk more than 2% per trade and good luck 👍
There is no short cut
v
Obecné
Jan 31, 2022 at 21:27
No shortcuts here im afraid. Keep practicing stay on demo Learn market structure journal your trades .Use proper risk management and max 2% per trade
Luck is important
v
Obecné
Jan 31, 2022 at 21:22
I know its a cliché but luck is when opportunity meets preparedness and no amount of luck will help you be consistent in this game
Making consistent money
v
Obecné
Jan 31, 2022 at 21:20
It really is a case of practice makes perfect. Cant stress the importance that demo plays even though it lacks the emotional aspect it still mirrors live trading conditions
Best Broker
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Obecné
Jan 28, 2022 at 19:44
IG Markets and Hugosway for me .I like to use 2 brokers just in case of any disruption and im a firm believer in not having all my eggs in one basket. Been with both well over 3 years customer support on both good no complaints with either
CedarFX
v
Brokeři
Jan 28, 2022 at 14:58
Been using these guys nearly a year now .My withdrawals are always same day and my favourite Markets of late are Crypto, some good shorts recently courtsey of the bear market we're experiencing. Its 24/7 there which is a big plus for me .Spreads are nice and tight plus i avail of a 0 commisions account which is a real saver on intraday and scalping on US30 .Customer support is live 24/7 a big help for new traders .Can recommend them no hassle
Forex is not scam
v
Obecné
Jan 28, 2022 at 14:45
I think its sour grapes on behalf of some of people's own failing and inability to apply the principles they learn here and not put in the work
5 Things I have learned in 5 years of trading!
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Obecné
Jan 28, 2022 at 14:43
One of the best most comprehensive lists ive seen cannot argue with it .If only more people would taje more heed and stock in these before throwing good momey down the drain
Loss
v
Obecné
Jan 28, 2022 at 14:41
My golden rule is no more than 2% per trade .I never deviate from this and its stood me well
There is a proverb that practice
v
Obecné
Jan 28, 2022 at 14:38
Practice is key in any discipline but maybe even more so in this game of ours and the psychological aspect of trading is pivotal
To be a successful trader
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Obecné
Nov 18, 2021 at 12:01
Persistence discipline unwavering wotk ethic and positive trading mindset these are key characteristics of successful traders
Is forex trading really worth it?
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Obecné
Nov 18, 2021 at 11:57
It is absolutely. You can make a great primary income from trading but i would always advise have other income streams .Dont put your eggs all in one basket as they say
Basic mistake we make
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Obecné
Nov 18, 2021 at 11:48
Moving onto live trading without spending enough time on demo. At least 6 months on demo thats a minimum in my opinion
Are you afraid to lose your trade?
v
Obecné
Nov 18, 2021 at 11:44
Oh yeah even with proper risk management i still feel the niggle oh no losing trade 😅Its human natural to feel it
Trading without stop loss
v
Obecné
Nov 18, 2021 at 11:41
I can't believe anyone would do this !! Even use a wude SL but none unless your hedging is trading insanity
Basics knowledge is not enough
v
Obecné
Nov 18, 2021 at 11:39
You have to backtest your strategy and make sure your strategy has a proven edge .Keep learning keep refining markets evolve and so sgould your trading
Any crypto traders in the house?
v
Krypto
Nov 18, 2021 at 11:35
I usually use brokers to trade btc XRP and on occasion Doge. I try to find Arb opportunities on Exchanges
Which indicator you use most for your trading?
v
Noví obchodníci
Nov 18, 2021 at 11:32
I use a custom Supply and Demand indicator that was kindly given to me as confluence on my own zones i really like it
What are good stats in Forex
v
Obecné
Oct 31, 2021 at 23:51
Bern in profit overall really just turning a profit more so than been stuck in DD .As for strike rate anything over 50% is doing a great
Purpose of demo trading
v
Obecné
Oct 31, 2021 at 23:48
To practice your TA chart analysis and entering exiting trades . Its invaluable in my opinion not sure why people dont spend longer on it its risk free no capital is lost
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