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What do you learned while trading?
in
Galvenais
Oct 04, 2022 at 11:43
Well, I still had to learn a couple of things the hard way.This is to set take profits at least mentally. And do not chase the growing money. In most cases, you won't be able to stop later when the price goes in the opposite direction.And you need to use the funds you have already psychologically spent or lost. That is, do not use the last money with the idea that this time I will definitely not lose.
When a trader is a newbie
in
Galvenais
Oct 04, 2022 at 11:36
Its true. But how does this relate to the topic?😄
Profit streak or loss streak. What's worse?
in
Galvenais
Oct 04, 2022 at 11:31
Both scenarios profit and loss are detrimental to an unprepared trader.And not only for the trader. For any person.In the case of profits, this scenario may not be as fast as in the case of losses.Psychology is a delicate thing. Everyone has a different mind.In order to be resilient to this, I believe you need to learn how to invest a little bit, moving from less to more. But by no means the other way around. Otherwise, there will be a disastrous scenario for most unprepared investors/traders.Investing little by little will teach you to put up with losses, and accept profits as something norma...
Is investing in the forex market risky?
in
Galvenais
Sep 29, 2022 at 09:54
I think it's already been said here. But every investment anywhere is a risk. You either want to make money and take risks or sit on your ass and hold money in your hands. But in the second case, there will be no more money. I would even say that in 100% of the case there will be fewer of them. In the first case, they will either become more or less. In rare cases, there will be the same :)So think :)
The worst trading advice you can get
in
Galvenais
Sep 29, 2022 at 09:30
My advice is to go to a couple of forex trainings. You will learn a lot there!:)
When a trader is a newbie
in
Galvenais
Sep 29, 2022 at 09:24
Not all bad qualities make a person a bad trader.In fact, what kind of person does not give a shit. What matters is whether he or she makes money or not. Those who don't know how are not even considered. And those who can will be in demand with all their bad qualities. Even if there are not several.As for the topic of the thread.When a trader is a newbie he trades on demo :)
What is the importance of knowledge?
in
Galvenais
Sep 29, 2022 at 09:11
In any field, knowledge without practice is of no value.BUT! If you don't get knowledge, you run the risk of being stupid. It is very important from childhood to acquire knowledge from all possible areas. And then choose one and become the best in it.
Forex is not like gambling
in
Galvenais
Sep 29, 2022 at 09:04
Some people don't see games in games either. It's just a way to make money. Forex is like any other business. With its risks and losses, luck and profit. In general, I believe money can be made on everything without exception.
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