HeavLeighGill26's Beiträge - Seite 8

Essentials of success in Neue Trader Jun 15, 2022 at 14:43

I've noticed that the same help me as well! Never listen to others that try to guarantee they can make you successful and instead, rely on yourself.

TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE? in Neue Trader Jun 15, 2022 at 14:40

Yes it's possible, but I would look at it as a long-term goal and try to find more attainable short-term goals for now.

Newbie on a steep learning curve in Neue Trader Jun 15, 2022 at 14:38

Wishing you the best of luck! It sounds like you plan to put in the needed effort to get to the finish line.

How trader’s mind works? in Neue Trader Jun 15, 2022 at 14:37

Great post!

Greed is poison in Neue Trader Jun 15, 2022 at 14:35

I've definitely talked to many other traders that got destroyed by greed and know one one in real life. It's no good, just on the opposite side of the spectrum from anxiety based trading.

What is the best trading platform for beginners, MT4 vs Ctrader ? in Neue Trader Jun 15, 2022 at 14:34

I would definitely go with MT4, plus there are so many tutorials on YouTube to help if you need it

money manage and leverage in Neue Trader Jun 15, 2022 at 14:33

It's nice to have the option to use high leverage but I always stick with around 1:100 - I think a lot of traders misuse it and it raises their risk by quite a lot.

Is Forex trading a viable source of income for a new trader? in Neue Trader Jun 15, 2022 at 14:31

I think it will take time to get there. What is your idea of an acceptable income? If you're looking to make a smaller amount, then it may not take as long to get there versus looking to make a few grand a month.

Why are some traders successful? in Allgemein Jun 15, 2022 at 14:29

Knowledge is one of the most important factors when it comes to being successful. Some of that is learned beforehand and the rest comes over time, with experience.

Ready made strategy doesn't in Allgemein Jun 15, 2022 at 14:28

I like how you compared beginners to interns, I think that's pretty spot-on. It's really idiotic to think someone else is just going to carry you through to riches and you barely need to know anything - after all, if these ready made concepts worked so well, then wouldn't we all have found them and become rich by now?

Why do you make money trading on demo but not in real market? [Trading Q&A] in Allgemein Jun 15, 2022 at 14:25

I like how you mentioned that many traders have more courage on demo than in real life. Even if you learn about trading psychology, it doesn't really prepare you to deal with the rollercoaster of emotions that come with opening a live account. When demo money is on the line, it's easy to think clearly, follow your plan, analyze data, and make improvements. It's much different in the real world when your hard-earned money is on the line, or if you're presented with an opportunity where you think you can make a lot of money. I think demo accounts are an amazing tool, but they hav...

Most people fail because in Allgemein Jun 15, 2022 at 14:22

If people could be presented with a personal timeline showing how long it would take them to learn, how long they'd spend on demo, and then how long it would take them to become consistently profitable on a demo account then a lot of them would choose to just move on to the next idea. I think people think trading is simpler than it is and they don't see the big picture, then they want to give up once they start to realize what goes into it. There are too many scammers out there selling a false narrative about it.

5 Things I have learned in 5 years of trading! in Allgemein Jun 15, 2022 at 14:18

Meatus posted:4. There are no shortcuts to success in forex and anyone who says that might be a scammerTotally agree with this one. I hate seeing new traders get hyped thinking they've found some magic answer that requires little to no effort on their part. A lot of people are desperate to give themselves a better life and they listen to these false promises, lose their money, and give up immediately It's rather depressing and it's shocking to see how many fall for it.

Is Forex risky? in Allgemein Jun 15, 2022 at 14:14

While important, choosing the right broker doesn't guarantee any success when the person doesn't know what they're doing. Forex is risky yes, and it's hard to commit when you know that your time could actually result in lost money versus making more. A 9-5 job guarantees a paycheck but trading does not.

Are there brokers with no withdrawal fees? in Neue Trader Jun 01, 2022 at 18:12

The minimum to sign up for a 0 commission account through CedarFX is just $10 and they don't charge any fees for withdrawals, so I'd say that fits what you're looking for pretty accurately.

Does emotion harm? in Allgemein Jun 01, 2022 at 17:37

Yet emotions are also what makes us human. I think they can definitely hinder trading progress - but there can also be good emotions if you're successful. I try to celebrate small victories and introduce happy feelings about trading versus the anxiety and fear that I dealt with in the beginning.

What is a good business to get into? in Allgemein Jun 01, 2022 at 17:35

I'm working on a business plan to start selling handmade items, primarily wreaths. Definitely a lot to take into account though and don't want to go through a 3rd party that will charge me an arm and a leg to sell.

Grow consciousness in trading in Allgemein Jun 01, 2022 at 17:33

Experience definitely helps us learn and it's important to take steps to minimize risks. All traders need to practice risk management or cautiousness to help lessen the amount that they could lose and this can help overcome anxiety as well.

Retaining motivation in Allgemein Jun 01, 2022 at 17:32

Motivation can be difficult to keep over long periods of time, especially if you aren't getting the best results. I think those that keep themselves upbeat and stick to the plan are the ones that go on to achieve success over a longer term.