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Posts by
FirstHero
Common mistakes
in
General
Aug 20, 2021 at 11:38
The simplest mistakes are opening positions at the stage of impulse completion, using narrow stop-losses during high volatility, news trading with increased volume, neglecting resistance and support levels.
Common mistakes
in
General
Aug 20, 2021 at 11:33
Mistakes are clues to improve. At the same time, errors in calculations do not always lead to losses. The error can have a positive effect. In any case, they should be studied and used for development and for a deeper understanding of trade.
Trading with borrowed money
in
General
Aug 20, 2021 at 11:09
That is, the conclusion is very simple.First, go to work in a regular job, if you don't know how, then do an internship and earn your first capital.Then, use your capital as you need it. You can invest or trade on your own.But life experience shows that after you have worked for 2 years at work with an average salary, in an office or a builder, or in a bar, it does not matter, you will no longer want to invest in forex. Life will break you. And throw you out.
Money Management Tips
in
General
Aug 16, 2021 at 10:47
The trading system must be configured to build this trading plan. I see that many traders try to adhere to a trading strategy, I mean, they use different methods of technical analysis, but their trades are spontaneous and based on hasty conclusions.
LUX
in
Trading Systems
Jul 30, 2021 at 09:03
Thanks, that looks nice
Money Management Tips
in
General
Jul 30, 2021 at 08:49
My advice is to always know when you want to enter the market. That is, your trades should not be spontaneous and the decision should not be made in a hurry. Remember that if your plane is already taking off, then there is no point in catching up with it by car (unless of course you are Vin Diesel). Family comes first.
LUX
in
Trading Systems
Jul 30, 2021 at 08:36
Please more information about strategy
Stop loss is a killer if
in
General
Dec 01, 2020 at 13:33
The use of stop losses is highly dependent on the method of market analysis and trading. The stop loss level can be determined using technical analysis methods (levels, patterns, etc), as well as the maximum risk that the trader is able to accept in case of loss. Stop loss is not a killer if market conditions have been analyzed correctly.
Being successful means
in
General
Nov 26, 2020 at 13:07
Being successful means living in balance and doing things that balance you. If Forex imbalances you, then this is not your way, goodbye, or lose...
Bored in the Corona phase
in
General
Nov 24, 2020 at 12:39
The whole world has felt irrecoverable losses. Perhaps this is a hint that we are odd in this world. After this pandemic, it will take several years and another virus will wake up. It is also important to understand how important the media in our world and how easily we are manipulated.
Professional trading tips for beginners
in
General
Nov 23, 2020 at 12:41
How many are those who once again remind that psychology is important, and without knowledge it is better not to start.Guys, a newcomer already knows about the risks, about psychology, about knowledge when enters the forum. This future trader probably already went all the way of doubt when decided to start trading and had already read about psychology many times. Do you think this will help? NopeGive the necessary advice, such as "do not open a long reversal trade near the support of the downtrend", "always calculate the stop loss in advance, and compare it with the acceptable ...
Forex is not a bad business
in
General
Nov 23, 2020 at 12:17
Any area of expertise that can be used to raise capital is a business. The most important dilemma is the risk inherent in financial markets. Not every businessman is willing to spend time and money in a high-risk business.
Beginners Greed
in
General
Sep 19, 2019 at 11:36
Do not suppress emotions, you need to manage them. Only full control over the mind, emotions and body can give a positive result.
Tools to trade.
in
General
Sep 19, 2019 at 11:34
When I started trading, I used many different indicators, sometimes at the same time. But one day my mentor said. If your chart has a lot of different indicators, then it means that you do not know how to use them.The main purpose of each trader is to define a signal for entering and exit. there is nothing bad to use different indicators, but, there's a significant fact that no one is working perfect. Sometimes any tool will make mistakes and trader should realize it and try to predict.
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