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How to recognize a Forex Scammer ?
in
General
Dec 09, 2021 at 07:07
Click in Google about scams brokers and you will find the broker that you are looking for. On the other hand , you can find them in most popular Forex Forum where the real trader marked all scams platform which cheated with them .
New in forex trading
in
New Traders
Dec 09, 2021 at 07:04
My list of worst thing a newbie can do is to scalp often as this is really risky for newbie. They might get fearful and ended up existing before they profit so they will lose out that way as well. Also, if they get impulsive and depend entirely on forex for an income then they will open many revenge trades and so on which can lead to losses.
NEW TO TRADING
in
New Traders
Dec 09, 2021 at 06:58
Here are some reasons why it is highly recommended for you to practice with a demo account:Learn and experiment with play moneyA demo account mimics the actual market in real time and allows you to use play money. This gives you space to try out a number of techniques, without fear of losing your actual money.
Trading in lower timeframes
in
General
Dec 09, 2021 at 06:43
For beginners D1 and H4 is the best. Lower time frame is very much volatile. Yes you will get the result quick. But for trading psychology plays the important role. Higher time frame helps more to build a good trading psychology. In lower time frame you tend to do over analysis and overtrade which are bad for trading.
Forex is an investment business
in
General
Dec 09, 2021 at 04:21
Yes forex is an investment it's not for gambling. It requires enough knowledge and skills to be successful. Without knowledge and skills, profit is not possible.
Forex market is an unpredictable
in
General
Dec 09, 2021 at 04:19
Is there is no doubt that forex market is unpredictable. The market is always changing. We always need to adapt with the changing market to keep it up.
Basic mistake we make
in
General
Dec 08, 2021 at 15:18
@UweMoench Yes we can avoid basic mistakes by keeping a journal and following it. We always should learn from our mistakes. Best learners are those who learn from their mistakes.
Copy trading
in
General
Dec 08, 2021 at 15:16
Copy trading can be good if you do not want to learn trading by yourself. And it's also important to follow copy every trades. If you don't follow every trades you may end up copying only the losing trades.
To be a successful trader
in
General
Dec 08, 2021 at 07:29
having a losses is very common attitude and there is no one who can avoid it in spite of having most powerful analyzing trade knowledge and experience.
having a losses
in
General
Dec 08, 2021 at 07:27
@LyudmilLukanov To get return from your investment in forex market, a trader will require proper utilization of trading strategies. To earn money in consistent manner, each forex trader will require proper comprehension of trading so that he can take benefits of currency exchanges in prevailing market situation. But to take benefits of market, a trader must develop the mind-set to utilize his skills and proficiency which can lead him successful journey here.
Loss
in
General
Dec 08, 2021 at 07:25
I will tell that Forex business is not so easy to earn as we think and for that we should learn the money management in a proper manner so that we can be with the trend and like that we can make pips as per experience
METHOD OR DISCIPLINE?
in
General
Dec 08, 2021 at 07:24
Yes, People should avoid getting intimidated by earning rapid money. This is a reason for many trader's demise. In their greed of making rapid money they lose their mind and take bigger risk than they can handle. And after bad trades all they can do is blame the market.
MT4 or MT5
in
General
Dec 08, 2021 at 07:23
I personally loke MT4, as I find it very easy to use and comfortable. Every trader may have his own preference. Some may like MT5 or cTrader. That's okay.
Not gambling
in
General
Dec 08, 2021 at 07:20
People treat trading as gambling. They think with having random trades they will be able to make money. Bit trading needs discipline and knowledge.
having a losses
in
General
Dec 08, 2021 at 05:15
Loss is a part of trading. Everyone lose money here. That's why risk management is important. It's about wining more than losing. At the end you will be winner.
In trading everyone should have some rules
in
General
Dec 08, 2021 at 05:13
@traderjakelong Everyone has their own rules. Every successful traders may have different rules but they are common in one thing that's discipline.
Basics knowledge is not enough
in
General
Dec 08, 2021 at 05:10
@romanholiday Experience is very important when ot comes to trading. Experience comes from knowledge and skills. It's a long term process.
What is a robot?
in
General
Dec 08, 2021 at 05:07
Trading robot gives you signals to entry manually or they enter into trade automatically. Robot are usually made by following any strategy. If the strategy is good, robot would be good.
When a trader is a newbie
in
General
Dec 06, 2021 at 09:47
A newbie should focus on learning. Usually what happens new people don't want to spend time in learning. They come with a perception that making money in forex is easy.
Some of the traders who fail
in
General
Dec 06, 2021 at 05:29
The reason behind failing is not having enough knowledge and skills. Trading is not any easy task. It's very difficult to make money in trading.
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