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what kind of spreads do you look in a broker
v
Obecné
Oct 21, 2021 at 12:56
I prefer lower spreads and commissions over anything, that’s why I’m using turnkeyforex.
Confidence is very important
v
Obecné
Oct 20, 2021 at 06:37
Confidence plays a very important role in trading because your trading decisions are influenced by emotions. If you’re not confident, you are likely to mess up your trades.
Discipline is the most basic thing
v
Obecné
Oct 16, 2021 at 08:07
Yes, discipline is the most basic thing to consider when you are in forex trading. It’s important to be able to stick to a trading plan and that needs discipline.
Making consistent money
v
Obecné
Oct 15, 2021 at 10:50
Risk management, discipline, and tried and tested strategies are essential to trading success.
We should not think
v
Obecné
Oct 15, 2021 at 07:37
Learning constantly about forex can give an edge to a trader in the market.
What is a robot?
v
Obecné
Oct 15, 2021 at 03:44
Absolutely, a beginner should first learn about the forex market rather than using bots. It's important to learn about risk management, trading strategies, and how to use technology tools to improve efficiency when trading.
Emotional Trading
v
Obecné
Oct 14, 2021 at 04:12
Emotions can be an issue in forex trading. Whether you are a novice trader or an experienced one, we all must face emotions that will affect our trading. So always keep your emotions in check when trading because they can overwhelm you at any time.
Number one biggest mistake
v
Obecné
Oct 13, 2021 at 06:28
This makes so much sense. Knowing economics is very necessary especially in forex, because the entire market is dependent upon how one country’s economy works. Many people tend to ignore it but in reality the knowledge of economics differs an excellent trader from an average trader.
Scalping is good
v
Obecné
Oct 13, 2021 at 05:01
I feel it's recommendable to the ones who have experience in trading. Scalping requires a lot of planning and concentration. A trader should have gone through several trades to make scalping work for him, which is not possible for a newbie.
Anyone suggest me best broker for forex trading?
v
Zkušení obchodníci
Oct 06, 2021 at 12:26
I am trading with TurnkeyForex. Their ECN account is good for scalpers looking for tight spreads.
Forex is not like gambling
v
Obecné
Oct 01, 2021 at 06:33
Anyone can go to a casino and play with their money on their luck. While trading requires strategizing and complete market research, without which trading is impossible.
Manual trading
v
Obecné
Sep 30, 2021 at 09:11
I feel traders should put great emphasis on learning more about manual trading rather than relying on automated trading. Manual trading teaches you how to read market movements and patterns, and strategize accordingly.
Forex is good in terms of return
v
Obecné
Sep 30, 2021 at 08:25
Christian Paul forex trading has high risks and no one can ignore that no matter how optimistic you are. Moreover I believe that the levels of risk in forex trading can be reduced if trading is done with the right strategies.
Forex your second source of income
v
Obecné
Sep 29, 2021 at 10:09
@skihav I agree with you, like as a trader I consider forex trading a source of passive income for myself and it works pretty well, as it helps me avoid inflation with my additional income.
Leverage is among the things
v
Obecné
Sep 29, 2021 at 09:23
There are always two sides of a coin, while leverage gives us an opportunity to capture a large portion of the market, but can also lead to a huge financial loss.
1:200 leverage
v
Noví obchodníci
Sep 29, 2021 at 07:55
For a newbie I wouldn't suggest anything above 1:100, given lack of experience and very little knowledge about risk and money management.
What do forex brokers rely on to make money?
v
Obecné
Sep 28, 2021 at 07:05
There are several ways through which a broker earns, most common ones are through commissions, spreads and margin on leverage.
Broker ECN (low spread) Cents account.
v
Obecné
Sep 23, 2021 at 09:50
Very rightly said mate, low spreads is one reason I’m using turnkeyforex.
Forex is Hobby ?
v
Obecné
Sep 03, 2021 at 10:07
@SarJohn Absolutely if people aren't serious about forex they can never make successful trades . Forex requires a lot of determination and focus, and keeping it as a hobby is never fruitful.
Indicators are useless
v
Obecné
Sep 03, 2021 at 06:26
I don't know why most of the traders rely on indicators, they are utterly useless especially when it comes to determining the price movement. It's been almost a year since i haven't been using them and solely relying on price action.
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