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Successful Trading Rules
in
New Traders
Sep 06, 2021 at 06:02
Being greedy is the most dangerous thing in Forex trading. Controlling emotions is the best part in Forex trading. Those who can't control will lose money.
Which pairs are your least favorite to trade? And why?
in
New Traders
Sep 06, 2021 at 05:55
Any exotic pair is least favourite to trade. They hardly have any pattern and move a lot. They are very risky pairs to trade.
money manage and leverage
in
New Traders
Sep 06, 2021 at 05:47
Money management is very important for trading. It helps us to minimize our risks. Without money management, it's not possible to survive in the market.
Brokers and true ECN brokers
in
New Traders
Sep 06, 2021 at 05:45
Regulated and licensed brokers are the best. Before choosing a broker, do some research on brokers. Find what match your criteria.
how many losses ?
in
New Traders
Sep 06, 2021 at 05:42
There is no limit of losses. That's why you need to skilled and experienced. And mentally well equipped. Otherwise losses will happen.
Hello everyone
in
New Traders
Sep 06, 2021 at 05:40
Hello and welcome to the community. Keep learning and practicing. You will get to know what more you need to do. Best of luck.
Broker and regulations
in
General
Sep 05, 2021 at 05:00
Brokers are the medium by which we can trade Forex online. But for trading we need a good regulated broker.
Consistency is the brick
in
General
Sep 05, 2021 at 04:56
Knowledge, skills, experience and good mindset is required for successful Forex trading. Without them no one can make money in the Forex trading.
Forex is not like gambling
in
General
Sep 04, 2021 at 13:07
Yes forex isnot like gambling. It's currency trading. Ro make money eee you need enough skills and experience. Otherwise you won't be able to make any money.
using leverage
in
General
Sep 04, 2021 at 13:04
Without leverage, traders with small capital like us will not be able to trade. It gives us enough liquidity to open a trade. Otherwise we would need 1000$ capital just to open.01 lot.
Acquiring knowledge is basic
in
General
Sep 04, 2021 at 13:00
@croisssan Yes without knowledge and skills, one cam only have loss in trading. To make profit, one has to learn how to trade to make money.
Money Management Systems.
in
General
Sep 04, 2021 at 12:58
Trading without money managment is nothing but gambling. You can not do gambling while forex trading. To try your luck one should go to casio or buy lottery tickets.
Consistency is the brick
in
General
Sep 04, 2021 at 12:56
To make consistent money, one needs good knowledge, skills and experience. Otherwise it is not possible to make consistent profit in forex trading.
Indicators are useful but
in
General
Sep 04, 2021 at 12:54
To use indicator you need to have good idea about those indicators. With just default setting, they do not work all the time..
Common mistakes
in
General
Sep 03, 2021 at 14:17
@sharabela Trading big lot is one of the biggest problem among forex traders. They want to make quick money but they do not think they lose the money quickly as well.
No alternative to learning
in
General
Sep 03, 2021 at 14:14
@mattieharper This is what many people do not want to understand or try to understand. They become greedy to have all the profit. As a result they lose all the money.
No alternative to learning
in
General
Sep 02, 2021 at 13:04
@yana Yes most people can not control their greed. And as a result they open too many trades without proper logic and end up losing their money.
Gambling type of forex games? Is that true?
in
General
Sep 02, 2021 at 13:02
@Willowerno Actually people do not cpmpare trading forex with gambling. There are some people who do gambling instead of trading. When we don't know how the market works, we end up gambling.
Common mistakes
in
General
Aug 30, 2021 at 14:17
Mistakes will be there in trading. But we have to learn from our mistakes. If we can't learn from our mistakes, we will never be able to learn.
To make a good trading plan
in
General
Aug 30, 2021 at 14:06
@SteveHanks With a good plan we also need proper execution of the plans. Without effective execution, a good plan is not a good plan.
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