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What do forex brokers rely on to make money?
in
General
Sep 16, 2020 at 01:11
Brokers are an important part of trading. Brokers need to have an honest and trustworthy attitude to get good trading results. A good broker can give success to a trader. And a bad broker can put a trader in danger. So every trader should be aware while choosing a broker.
Emotional Trading
in
General
Sep 16, 2020 at 00:55
Emotions have no place in Forex trading. A trader can never be successful if he trades with emotions. I have seen many traders who have not been able to make a profit by trading for many years. I have researched about their non-profit, that they give more importance to their emotions while trading. Therefore, when trading you have to trade without emotions and do regular meditation. Meditation helps to control emotions.
having a losses
in
General
Sep 15, 2020 at 00:57
It is not possible to make a profit in trading if there is emotion. Emotional trading is very harmful to your investment. When I lost a trade, I would open 4-5 more trades to cover that loss, and then I would see that all the trades were lost because I gave priority to my emotions. To control emotions, you need to meditate after each trade close. Meditation helps to control emotions.
care free mindset(proper risk)
in
General
Sep 15, 2020 at 00:38
Two things are most important in trading. That is, risk management and money management are two things that a trader can never succeed in trading if they are not right. Forex Trading possibility Market So if you want to work in this possibility market you must manage risk. Successful traders always maintain a 1: 2 risk rewards and they do not take more than 2% risk for each trade in their account.
No strategies can help you unless
in
General
Sep 13, 2020 at 22:49
Many strategies of Forex market analysis need to be used. Because the market often behaves differently. So the strategy should be updated all the time. I agree with you. If a trader does not use the strategy properly, he will never be able to make a profit.
You need sound mind
in
General
Sep 13, 2020 at 22:30
Trading is usually a game of psychology. If a trader is not mentally fit, he will never be able to make a profit in trading. There are many traders who have very good analysis but they cannot make a profit by trading for a long time. Because they cannot control emotions in their trading. Meditation should be done to control emotions.
Choosing the Right Broker
in
General
Sep 11, 2020 at 01:31
Choosing a good broker is very important to get trading success. Brokers help a trader to do a lot of securities trading. We should choose a broker that allows the broker to trade with their honesty and friendship activities.
How you find Reliable Forex Experts?
in
General
Sep 11, 2020 at 01:16
If you trade without learning to trade, you will have to face unexpected losses. A lot of research is needed to get a Forex expert. Because you need to find a Forex expert whose services are very reliable. If you can't find a good Forex expert then you need to create a good strategy with little information from all the websites.
How much Important of Leverage for Trading
in
General
Sep 10, 2020 at 01:06
Leverage is very detrimental to low investment. Your account is always protected when the leverage is low. It is very important to keep low leverage to follow money management and risk management. According to the trading plan, it is possible to make a consistent profit by working with low leverage.
High leverage , High risk ?
in
General
Sep 10, 2020 at 00:49
New traders usually get into this kind of problem. Causes losses in high leverage trading. If a trader does not follow money management and risk management, he will never be able to make a consistent profit. Risk management has the power to cover the losses of two trades with one trade. Money management protects your investment at all times. So if a trader trades without maintaining high leverage and discipline, he will never succeed in trading.
Trading Business Structure
in
General
Sep 09, 2020 at 01:05
Forex trading is a very popular business. A lot of profit can be made from that business. But to get this profit you need to look for a good broker. Only a broker can protect the money you have invested.
What does matter
in
General
Sep 09, 2020 at 00:51
Forex trading requires a combination of many things and if that combination is not done, the result will not be good. There are many types of trading strategies that you will trade with the strategy you are most familiar with. There are many types of traders in the Forex market, each of them trading differently with different strategies and making a profit. If you work according to the plan and manage the discipline and trade, you will be able to make a profit in any strategy.
High Leverage
in
General
Sep 08, 2020 at 00:56
Choosing leverage is a very important issue in trading. High leverage trading is very detrimental to investment. Whenever a trader selects high leverage, his investment is at risk. Therefore, the lower the leverage, the better. I suggest everyone use 1: 500 leverage.
Stop Loss Importance
in
General
Sep 08, 2020 at 00:42
Stop loss is very important for many trades. Stop-Loss protects the trader from unexpected moves. It is never possible to manage risk rewards without using a stop loss. Stop Loss must be used to follow Money Management. All in all, it is not possible to follow the trading discipline without stop loss.
What are two types of analysis?
in
General
Sep 07, 2020 at 01:09
There are many types of analysis in the Forex market. Such as Technical Analysis / Fundamental Analysis / Sentimental Analysis Of these 3 types of analysis, Technical Analysis, and Fundamental Analysis seem better to me. Fundamental is the analysis of the economic condition of a currency. Technical analysis is support and resistance, context, divergence, etc. If these two analyzes can be combined to trade, then the trading results will be much better. More information on Technical Analysis and Fundamental Analysis can be found online.
Complete Trading Life
in
General
Sep 07, 2020 at 00:46
Trading life requires a lot of things. Such important things as trading knowledge, trading plan, risk management, money management, trade management, good strategy trading are very important. And without these things, you will never be able to succeed in trading.
7 Benefits of using stoplosses
in
General
Sep 04, 2020 at 00:56
There are many types of stop-loss benefits. Many traders who do not use stop loss face unexpected losses for this reason. Those who use stop-loss are usually within the discipline. Money management and risk management cannot be followed without using a stop loss. If a trader wants to be successful in trading, he must use stop loss.
Luck is important
in
General
Sep 04, 2020 at 00:37
Trading is not a game of luck. Proper discipline is needed to make a profit in trading. When a new trader joins the Forex market to trade, he needs to gain a lot of knowledge about trading and if he does not leave everything to fate, he will never be profitable from trading. If you don't learn trading first, luck won't work.
Trend Trading.
in
General
Sep 03, 2020 at 01:55
The Forex market depends on the context. This context refers to market volatility and trend momentum. The Forex market operates in 4 ways, such as Impulsive / Corrective / Volatile / and Non-Volatile. If you can understand this momentum, you will understand the trading trends better. These 4 momentum are usually called contexts.
Forex is Hobby ?
in
General
Sep 03, 2020 at 01:33
Many people want to make money in a hurry when it comes to forex trading. This is the reason for their loss. You must make a profit in trading, but before that, you need to acquire trading knowledge. And trading according to discipline. Trading is not a very easy thing, you have to be very patient. And trading with a long time goal in mind is a chance to succeed in life one day.
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