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blackChelsea
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Risk/Reward Ration-Why you should master the Act.
in
General
Oct 06, 2021 at 06:35
I keep my risk reward ratio to 1:5. There is no harm for getting 1000 when keeping 200 on risk.
Social Trading
in
Experienced Traders
Oct 06, 2021 at 06:30
Zulutrade is good for social trading. I have used it with fxview. Check if your broker offers that.
To make a good trading plan
in
General
Oct 05, 2021 at 10:34
Strategy that has been back-tested for different time frames has the more probability of landing you on the ground of success.
Fundamental stuff
in
General
Jun 02, 2021 at 09:45
I think, we should see both factors fundamentals and technical if you are swing trader.
In trading consistency is important
in
General
Jun 02, 2021 at 09:33
Yes, correct! With consistent trading look for more ways to generate strategies that can benefit your trades on different time frames.
To shine in forex
in
General
Jun 02, 2021 at 09:26
If you have discipline in your life, it will automatically reflect in trading also. Try to improve holistically, wake up early , first disciplined thing you have done and it motivates you to do further more.
Those who can't learn will be eliminated by the market
in
Experienced Traders
May 27, 2021 at 15:34
Forex needs time and proper trading mindset. This can be only developed by careful understanding of forex market, what major forces are driving it and their impact. Always look for forex related news to know what is going on, this helps you to analyse the market in better way.
Most traders don't get success
in
General
May 27, 2021 at 15:28
Due to less knowledge of the forex market, this happens. For a trader, it is very important that you must know how to place good trades with proper trading strategy. and don't forget to back-test the strategies.
New and undisciplined traders
in
General
May 27, 2021 at 15:24
Better to trade with those forex brokers who are regulated by good regulatory body. Trading with regulated forex broker brings some amount of peace in mind regarding safety of funds.
Hammer
in
Patterns
May 25, 2021 at 08:54
Hammers take the point when, there is long downtrend and generally, it is a bullish reversal candle but must confirmed with next candlestick pattern.
Doji
in
Patterns
May 25, 2021 at 08:28
Keep very clear understanding of candlestick patterns for forex trading as this can help you to make a wise trade move with proper timing. Doji is a candle where open and close have same value and describes that market tried find the support but closes with unclear trade sentiment. Doji is an indecisive candle, better to look next trend with MACD and RSI indicators.
How long it takes to be profitable
in
General
Apr 22, 2021 at 11:05
Correct! And for that you must be persistent with forex trading and have motive to improve from the mistakes that pushed you into losses
When loss occurs
in
General
Apr 22, 2021 at 11:02
To deal with emotions practice meditation and yoga, this really helps.
Purpose of demo trading
in
General
Apr 22, 2021 at 11:00
Generally, demo account must be with the broker with whom you will be start your live trades as this will help you to understand their platform. But now a days even experienced traders practice on demo account just to tune themselves with current trends.
Over-trading is a very harmful
in
General
Apr 22, 2021 at 10:55
Agreed! Keep balance between forex trading and other recreational activities that gives you a sense of happiness.
Fundamental analysis will always
in
General
Mar 24, 2021 at 08:54
Yes you're right. That's why I always stick to the economic calendar for the major events.
When loss occurs
in
General
Mar 24, 2021 at 08:51
This is the biggest enemy of a trader. I always try to keep my emotions away from the forex trading by back-testing the strategies for desired time frames which gives me confidence while trading.
It is a very wrong idea
in
General
Mar 24, 2021 at 08:45
Agreed and even some of the experienced forex traders prefer to trade with trend. I think we should adjust the sails according to the direction of wind not against it.
Over-trading is a very harmful
in
General
Mar 24, 2021 at 08:40
To get rid of over trading, trade with stop losses it help to reduce the downside risk.
Profit target?
in
General
Mar 09, 2021 at 10:43
Trading for 20 pips is sufficient for me with a few hours of brainstorming sessions on forex trading. I keep in mind that my greed must not eat my earnings. I close the trades and rest.
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