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Posts by
Akasuki
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When a trader is a newbie
in
General
Dec 22, 2021 at 06:38
One thing we should remember that the more time we can invest the more knowledge we can get and like that we can increase our confidence and self attitude towards the business
Basic mistake we make
in
General
Dec 22, 2021 at 06:33
I see, a number of new Forex traders are too aggressive! They use healthy trading lots size in their trading, although they have nothing knowledge on technical and fundamental market analysis! Novice traders should concentrate on learning rather than earning.
Forex trading is easy for
in
General
Dec 22, 2021 at 06:12
I don't think Forex trading is suitable for everyone. Yes everyone can learn technical and fundamental analysis, but is very difficult to control the greed and fear.
DEMO ACCOUNT vs LIVE ACCOUNT
in
New Traders
Dec 22, 2021 at 05:49
Basically they both are same the difference is that the live account has real money involved, although you have traded in the Demo accounts , their is this psychological factor comes into play which might hinder your decisions.
Long term trading
in
General
Dec 22, 2021 at 05:39
I don't think it will lead to long term losses instead it will help protect your account from further loss.
Beginners Greed
in
General
Dec 22, 2021 at 05:25
It is really true that greediness most of the time causes bad effects. There are many examples of a rich person becoming poor by just wrong decision and greediness.
Newcomers and demo trading
in
General
Dec 09, 2021 at 08:17
Demo is a place to prove yourself how can you handle trading strategies you have , so, don't ignore the demo , I suggest 3-4 months to stay in here , its a long time for beginners level to keep patience in here, that's why i prefer minimum 1 months for that.
I'm new to Forex trading and looking for some advice
in
New Traders
Dec 09, 2021 at 08:10
Newbie should trade in higher timeframe. In higher time frame, price doesn't move that much compared to lower time frame. Due to the volatility in lower time frame, controlling emotions becomes difficult. It makes traders restless. If you want to be disciplined in trading, trade on D1 and H4.
Swing Trading vs Day Trading
in
New Traders
Dec 09, 2021 at 08:06
Day trading is the way to go because with all the facilities we have these days we can learn a lot about the market on daily basis and market news are there every hour almost which can move the market and provides an opportunity for day trading, so for me day trading is the best way to start in the market.
Tips To Being A Successful Trader
in
New Traders
Dec 09, 2021 at 08:01
Hard work and continuous practice willmake a trader successful .He will become experienced in trading day . In forex we can nt get success in days Here need a lot of timeit means patience is also important for success.
New Forex Trader Here
in
New Traders
Dec 09, 2021 at 07:56
Newbies must practice forex trading. It does not matter what is your strategy if you are a newbies. But I really do advice that newbies trade long term strategy first before trying to trade short term. Since short term need more trading skills as the risk is higher if you try short term strategy.
Do you prefer fixed spreads or dynamic spreads?
in
New Traders
Dec 09, 2021 at 07:51
In the Forex world, there are two sorts of spreads offered by Forex Brokers towards their traders. This implies they can trade shrink on a Fixed spread or Variable spread as it were. There are numerous traders that will choose to open an account with a particular Broker simply because of the spread sort that the Broker offers.
Hedging
in
General
Dec 09, 2021 at 07:50
For a new beginner to initiate with a good trading plan is very necessary, Hedging is a technique used by traders to lower down risk but initially for a new beginner before using this technique you should have adequate knowledge about hedging.
FX Trading Tips
in
New Traders
Dec 09, 2021 at 07:49
Risk is a common factor in this market. If you can cope with the risks you can easily make plans and make money from this market. You always need to make plans to minimize the risks.
Placing stop loss
in
General
Dec 09, 2021 at 07:44
Placing stop loss is very important. Most traders don't utilize stop loss. They generally stay in a dread of losing trade. Then again taught traders have a methodology and a course of action. That proposes utilizing a stop-loss and a take-profit. When you trade along these lines you are not assessing or betting and you comprehend what the conceivable result can be before you take the trade.
Can forex trading make you rich ?
in
General
Dec 09, 2021 at 07:39
No one can become rich quickly by forex. You need to be very much experienced and trade with patience . Also one good strategy make you to earn good in forex.
High leverage , High risk ?
in
General
Dec 09, 2021 at 07:30
leverage is a very complicated issue in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.
scalping is risky ?
in
General
Dec 09, 2021 at 07:27
Maximum newcomers like to depend on scalping strategy that brings profit within a short time , if you want to get more profit by this short time trading approach first of all you have to make sure the lowest trading spreads , otherwise it is not possible at all to make profit with consistency at all by using this trading strategy in spite of good trading knowledge.
Risk ratio
in
General
Dec 09, 2021 at 07:24
High leverage can cause you huge losses if you don't use proper risk managing technique. I have seen various traders to lose their account as a result of unprotected trading approach with high leverage. High leverage interfaces with us to make colossal trades yet it harms us in transform way when we lose our trade. I am utilizing 300:1 leverage.
scalping anyone??
in
General
Dec 09, 2021 at 07:13
Scalping isn't only used by newbies. For example, if you open a few deals in the longterm you can do scalping for a while too.
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