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Recovery from a broker possible or not?
in
Galvenais
Aug 30, 2021 at 14:04
@SteveHanks Yes a well regulated and licensed broker is very important for online forex trading. Otherwise our money could get freezed or get scammed.
Where can we find good account managers?
in
Galvenais
Aug 30, 2021 at 14:01
It's not easy to find a good account manager. People who claimed to be manager most can't make consistent profit. Check their genuine track record before you choose one.
Forex is Hobby ?
in
Galvenais
Aug 28, 2021 at 13:06
Forex trading should be taken seriously as it requires expensive skills and mindset ro make money by trading. If it's a hobby, the person may not be serious about to learn it.
Having a mentor
in
Galvenais
Aug 28, 2021 at 07:26
@Darkwarden Having a mentor for anything is good. But finding a good mentor is very important. It is not most difficult task to find the right mentor for a certain person.
Leverage is useful or not ?
in
Galvenais
Aug 28, 2021 at 07:21
Leverage is very important. Without leverage, small investor won't be able to trade forex. Without leverage, you would need 1000$ to open .01 lot.
No alternative to learning
in
Galvenais
Aug 26, 2021 at 12:19
@Pietro_Seitz It happens because most people have been told that trading is easy. You just have to learn few strategy and do demo trading for sometime then you are good to go. So their introduction to the forex trading is wrong.
Demo can not make you well experienced
in
Galvenais
Aug 26, 2021 at 12:15
@bridgekarate Yes demo trading is not for being experienced in trading. Demo account helps us to try our strategy and plans. We can learn how to execute our plans on demo.
I think every successful trader
in
Galvenais
Aug 22, 2021 at 06:11
@Sarjohn Yes trading is not something to get rich overnight. It takes time to be successful. Trading needs good knowledge and skills. And it takes time to develop knowledge and skills.
Acquiring knowledge is basic
in
Galvenais
Aug 20, 2021 at 14:05
@croisssan Yes demo account is important to get familiar with basic trading ideas. Demo is also helpful to test different strategy to find out the winning percentage.
Acquiring knowledge is basic
in
Galvenais
Aug 18, 2021 at 12:00
@croisssan In forex trading knowledge is very important. But it is also important to have the ability to implement the knowledge one has.
Trading with borrowed money
in
Galvenais
Aug 18, 2021 at 11:48
@Faujinn yes a begginer with borrowed money falls in more danger. No one should do this. It would make you lose all the momey.
Control your greed.
in
Galvenais
Aug 18, 2021 at 11:45
@Garrian Yes greed is the most destructive feeling in trading but people can't resist them from being greedy. That's why discipline is very important in trading.
I think every successful trader
in
Galvenais
Aug 18, 2021 at 11:43
@Faujinn It's not just the wrong broker that causes problem. Obviously wrong broker is a problem for trading. But along with a good broker, a traders need to have skills.
profits in forex trading
in
Galvenais
Aug 05, 2021 at 12:17
We can not understand their thinking by analyzing their transaction. Transaction can tell us how good or bad he is trading.
How long it takes to learn
in
Galvenais
Aug 05, 2021 at 12:04
@Imamul Yes patience is really important is trading. To be a discipline trader, one must be patient. Otherwise, he will not be able to make himself disciplined. Without being discipline, consistency is not possible.
Best forex demo account brokers
in
Galvenais
Aug 05, 2021 at 12:00
@Davidfx89 In demo account, you can test your strategy to find out the winning percentage and risk reward ratio. We can not test any strategy directly to live account without knowing properly.
Only a small percentage
in
Galvenais
Aug 05, 2021 at 11:52
@Duktilar Yes everything takes time. Specially developing trading skills take time. But people do not want to give time to learn. They want to earn without learning properly.
Broker and regulations
in
Galvenais
Aug 05, 2021 at 11:49
@Duktilar Yes there are many types of bkroker. But it is the trader's responsibility to find a good regulated broker. Unregulated broker can be prove dangerous if anything happens.
Best forex demo account brokers
in
Galvenais
Aug 05, 2021 at 11:46
@AndrewMcCalam54 Yes you are right. In many brokers, demo platform and live trading platform has a huge difference. It's wise to avoid such brokers.
Part time trading
in
Galvenais
Aug 05, 2021 at 07:10
@jackma Following signals is not good idea if you have plan to learn how to trade. Mindset is very important for trading. Following signals can hamper your mindset.
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