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Akasuki
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When a trader is a newbie
in
General
Apr 12, 2021 at 13:06
A newbie should not think that for success in trading, it doesn't require much study and experience. Trading does require extensive knowledge and skills. And a newbie should work keeping that in mind.
When loss occurs
in
General
Apr 06, 2021 at 12:44
After loss trade some people do revenge trade. They become desparate to recover the loss. But revenge trade brings more loss. A trader should stick to his strategy and plan.
Forex trading
in
New Traders
Apr 06, 2021 at 12:29
Firstly you have to learn how to trade forex online. Then you have to develop skills. Without analysis skills and mind control regular profit making is not possible. So focus on learning.
In trading everyone should have some rules
in
General
Apr 06, 2021 at 10:30
Yes every trader should have some rules of what to do and what not to do in trading. It can help to reduce making mistakes.
The demo account is the master
in
General
Apr 06, 2021 at 10:27
Yes demo trading is important. We can't try a strategy directly into live account because we do not know how it will work for us. So it's safe to try any strategy on demo first.
Risk management is indeed the best
in
General
Apr 05, 2021 at 11:09
Yes risk management is the most important thing in trading. Without risk managment, even a good strategy becomes fruitless. Every trader should focus on it.
Complicated strategy is not good
in
General
Apr 04, 2021 at 11:09
Most traders think that trading is all about strategy. They look for it everywhere. They think there is one strategy that will make them rich. They never try to understand that the success of a strategy mostly depends on the individual it's using. Strategy is just a single component of successful trading.
Money management is an integral
in
General
Apr 04, 2021 at 11:08
Money management is the most important part of forex trading. Those who do not follow any money management policy, they never get long term success.
When loss occurs
in
General
Apr 04, 2021 at 10:30
Most people take revenge trading to recover the loss. But most of time revenge brings misfortune for them. Trade should be opened only if it supports your strategy.
Long term trading
in
General
Apr 04, 2021 at 10:27
Long term trading is most ideal for a new trader as it prevents the chances of losing big money. Problem with short term trading that it makes newbie to do overtrading.
Most traders don't get success
in
General
Apr 03, 2021 at 14:08
Most traders do not get success because many of them are not skilled enough. And many of them are slave to their emotions. They take decision by their emotions.
Every newbie should practice
in
General
Apr 03, 2021 at 14:06
Yes everyone newbie should practice and focus on learning. In forex without skills earning is not possible. No matter how long you are trading. Skills and experience is the key to success.
In trading consistency is important
in
General
Apr 03, 2021 at 13:41
Yes for successful trading consistency is the key. Some random winning trades do not help in success. Achieving consistency is the key in trading.
How much money can I expect to make from trading?
in
General
Apr 03, 2021 at 13:27
There is no exact answer to the question how much one can earn. It's a risky business so you can also lose all the money. Your earning will depends on how much skills you have. No skills No money.
Free sources of professional Forex education
in
General
Apr 01, 2021 at 13:23
There are lot of free resources for learning forex. Even you can download good forex book in free from different websites. You just need to do some searches on Google.
Making consistent money
in
General
Apr 01, 2021 at 13:17
Most people can make some random profit trade. But making money consistantly is the toughest job. It requires good understanding of the market and a sound and composed mind.
Forex trading is easy for
in
General
Apr 01, 2021 at 12:25
@RobSchiz Yes achieving knowledge and getting skilled is not easy. Actually it takes a long time to get skilled and most people are not willing to give time for getting knowledge. Unfortunately they can waste time for nothing.
what kind of spreads do you look in a broker
in
General
Apr 01, 2021 at 12:21
I prefer floting spreads then fixed spreads. Good broker gives you zero spreads account with commission. But I found it profitable than no commission account. In no commission account usually spreads are higher.
What is fast forex scalping?
in
General
Mar 31, 2021 at 13:34
Scalping is not for newbie. It requires a lot of skills and experience. When a newbie tries to scalp he ends up doing overtrading. It's the story of every new trader.
There is a proverb that practice
in
General
Mar 31, 2021 at 13:32
Yes practice is important in trading but one to need to practice in a systematic way. Random trading will not help. One needs to develop strategy by practicing on demo. Only then practice will be fruitful.
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