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Time frames for currencies
in
General
Dec 06, 2021 at 05:26
Every trader has his own specific preferred time frame. I personally like H1 and D1. A trader should find out which time frames he understands the most and suits him.
Fear makes you
in
General
Dec 06, 2021 at 05:23
Fear is really a dangerous emotions. It doesn't let us think properly. We become illogical when fear comes in our mind.
Why demo is easy?
in
General
Nov 30, 2021 at 13:46
In demo there is no psychological pressure of winning or losing a trade. In live trading, we get moved by our emotions like fear and greed. But in demo such emotions do not exist.
New traders should be content
in
General
Nov 30, 2021 at 13:41
@Tuxedo888 Usually what happens is most new traders try to make a lot of trades in the hope of making more money in short time. But without enough knowledge and experience, it's not possible. One should expect profit according to his ability not what others are doing
Is forex trading really worth it?
in
General
Nov 28, 2021 at 14:27
@skihav Yes trading can be a good option. But it's worth only when we are enough knowledgeable and skilled. Otherwise forex trading is money losing machine.
Why demo is easy?
in
General
Nov 28, 2021 at 14:15
@skihav Yes demo is to understand the market mechanism before trading in live market. Demo is also useful for testing our strategy and updating our strategy.
When to stop.
in
General
Nov 20, 2021 at 07:51
Yes placing stop loss is an art. Most trader. Can't do it. Some people put stop loss by counting pips they don't look for support and resistance level. It's not the right way to place stop loss.
Basics knowledge is not enough
in
General
Nov 20, 2021 at 07:22
Yes basic knowledge of trading is not enough to make money from forex marekt. It needs extensive knowledge, skills and experience to be successful. For this one needs to spend time on learning.
For trading you do not need
in
General
Nov 19, 2021 at 06:34
@AlanSolarsh Only trading is strategy is not enough to be successful in forex market. Trading is 90% psychological. Our decision gets influenced by our emotions. We need to learn how to control those emotions.
Investing in Forex
in
General
Nov 19, 2021 at 06:31
@AlanSolarsh Yes training is very important for forex. Without psychological and technical knowledge it's not possible to make money in forex market.
Can you leave Forex Trading?
in
New Traders
Nov 06, 2021 at 11:10
Yes emotion and risk management is the most important thing in forex trading but unfortunately most people do not give importance to it.
Which forex platform we can consider for demo trading?
in
New Traders
Nov 06, 2021 at 11:09
@Amytradesforex Yes you are absolutely right. In demo account, we can test our strategy and sharpen our trading skills. Demo is not just to get familir with trading platform.
How do you trade in a bear market
in
New Traders
Nov 06, 2021 at 11:04
You can't learn it by reading comments here but you can get idea what you need to do to trade in bear market. Whether market is bear or bull, you need to have enough knowledge and skills.
What is your Hobby ?
in
New Traders
Nov 06, 2021 at 11:01
@AliForexTalks Yes I agree with you. Forex should not be taken as hobby. It's a business for serious people. Without knowledge and skills, it's not possible to make money here.
Trading without stop loss
in
General
Nov 06, 2021 at 09:54
New traders always should use stop loss but the problem with stop loss is most don't know where to place SL. That's why it's important for any trader to learn how to place an SL.
Why demo is easy?
in
General
Nov 06, 2021 at 09:52
Demo is easy because we don't feel any emotions while trade as profit or loss won't affect us financially. But when it comes to real money, our emotions get involved.
Best forex demo account brokers
in
General
Nov 06, 2021 at 09:37
@skihav Yes the purpose of demo is to make new people familiar with trading system. At the same time, demo account can be used to test our strategy.
Risk/Reward Ration-Why you should master the Act.
in
General
Nov 06, 2021 at 09:33
@croisssan Yes risk can bring good return. But problem with forex is it's already risky business due to high leverage. It's like taking double risk when we don't follow proper risk management system.
Unrealistic expectation causes
in
General
Nov 06, 2021 at 09:30
@Jungle78 Yeah it has been presented in way that it's very easy. Anyone can make money by trading. By the time, they know reality, they already lost a good amount of money.
Indicators are useless
in
General
Nov 05, 2021 at 11:47
Indicators have lag but not fully useless if we know how a particular indicator works and all of it's parameter. Usually people use default parameters. But default settings always don't work.
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