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Forex is not like gambling
in
Galvenais
May 13, 2023 at 00:37
If a person trades for excitement or social proofing reasons, rather than in a methodical way, they are likely trading in a gambling style. If a person trades only to win, they are likely gambling. Traders with a 'must-win' attitude will often fail to recognize a losing trade and exit their positions. That is the difference between a trader and a gambler.
Steps to be a good forex trader
in
Galvenais
May 13, 2023 at 00:15
Despite the fact that each person is unique, successful traders seem to have a few traits.- Focuses solely on trading out of commitment. Anything that would prevent you from focusing entirely on the markets is put off until after the trading day has ended.- Self-Control and Heightened Awareness: Responds calmly in any situation. The effective trader is not so excited by wins or losses that he loses his ability to think clearly.- Realistic: Sets achievable objectives. Never gamble recklessly in an attempt to "improve" your chances of winning big. acknowledges that losses are unavoidab...
Copy trading
in
Galvenais
May 08, 2023 at 00:41
I prefer the old classical manual trading and I don't want to try copy trading, at least for now, because: 1. Signal providers will not always make winning trades2. If you rely on copy trading only you will not develop proper trading skills and knowledge.3. Some signal providers require a commission to copy their trades.
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