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Trading with borrowed money
in
General
Aug 05, 2021 at 07:08
@jonathandaniel Yes absolutely right. Trading is already risky due to high leverage which is also kind of borrowed money given by broker. Trading should be done with idle money.
Not gambling
in
General
Aug 04, 2021 at 18:19
@Landakus No matter how much money you invest, how big your capital, if you are not enough skilled, eventually you will lose all the money. That's how it works.
Demo can not make you well experienced
in
General
Aug 04, 2021 at 18:00
Yes demo trading can not make us well experienced. But it can help us to test our strategy to find out the odds before using the strategy on live account.
What is the trading psychology for you?
in
General
Aug 04, 2021 at 17:58
Trading psychology is how you control your emotions, how much logical you can think before opening or closing any trade.
Best forex demo account brokers
in
General
Aug 04, 2021 at 17:55
For demo trading you can use Eurotrader dot com. It has good demo account well synced with the live market.
Is forex trading really worth it?
in
General
Aug 03, 2021 at 16:49
@UweMoench Yes you are right. Trading requires deep understanding of the market. For that one needs good skills and knowledge. Whether forex Worth or not depends on how capable you are.
strength of currencies
in
New Traders
Aug 03, 2021 at 16:31
Every pair has its own specific characteristics. You have to find out your own trading edge. Only you know what you understand the most. Learning is a long term tadious process. Everyone has to go through it if they want to make consistent money in forex trading.
Not gambling
in
General
Aug 03, 2021 at 16:25
@mab8 yes forex trading is no way a gambling. But many people end up gambling due to not having enough skills and experience and knowledge.
profits in forex trading
in
General
Aug 03, 2021 at 16:23
@reece22 Yes mentor can be play an important but finding a good and reliable mentor is not an easy. Many people claim themselves to be mentor.
importance of skills
in
General
Aug 03, 2021 at 16:06
@reece22 Yes you are right. Experienced and successful traders always do experiments on demo to keep up with the changing market, as market doesn't behave same all the time.
I think every successful trader
in
General
Aug 02, 2021 at 15:48
@mattieharper Yes emotion and past memories can interfere in our trading decision. We should be careful about this. And trade on the basis of facts available.
1000 to 10.000 in 2 years challenge
in
General
Aug 02, 2021 at 15:46
It has been more than 2 years. What's the update. Did you achieve your target and reach 10,000$? Or falied to achieve. Share with us your experience.
About news trading
in
General
Aug 02, 2021 at 13:31
@islandrock Most borker allows news trading. It is profitable for them asmore people lose money during the news time.
Money Management Tips
in
General
Aug 02, 2021 at 13:29
@mab8 Yes you are right. Some can afford to lose 100$, but there people who can afford more to lose. It also depends on your trading skills and experience.
Profit target?
in
General
Aug 02, 2021 at 13:26
Profit depends on trading strategy and plans. It also depends on your skills. I can't target 200 pips if my skills do not permit it.
importance of skills
in
General
Aug 01, 2021 at 15:15
@Killerbee12 Yes I agree with you. No skills no profit in forex trading. No matter how years a person is involved in trading, if he can't have proper skills, he will still lose money.
Having a mentor
in
General
Aug 01, 2021 at 15:12
Having a mentor is good. Try to choose a mentor who teaches psychological aspects of reading as well along with technical and fundamental.
Money Management Tips
in
General
Aug 01, 2021 at 13:57
@FirstHero Yes traders should have plans and checklists to enter into the market. If the market doesn't match with the checklists, do not enter into the market.
Follow the rules and Don't lose your money.
in
General
Aug 01, 2021 at 12:49
Unfortunately, most people do not have any specific rules. They take impulsive decision gor opening or closing a trade. That makes the trading more risky.
Common mistakes
in
General
Aug 01, 2021 at 11:31
@Alexthetrader Placing stop loss in the right place is not an easy task. One needs proper knowledge and experience of reading a chart to place stop loss.
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