Maveswyn's Posts | Myfxbook

How long does it take one to be consistently profitable with forex trading in New Traders Aug 31, 2022 at 15:27

It's hard to say exactly how long it takes, but here's what I mean: "more than you think"😁Many beginning traders think that they will trade on demo account for 2-3 weeks and then will start regular profits. I think that's predictable. We've all been that kind of people.Let's look at forex as a regular business.For every business it takes time for profit to start. Note that for some businesses it takes years.As for Forex, it takes a few months to make a regular income. Of course, much depends on your deposit and your trading strategy.That's what else I ...

Is a demo account really neccassary? in New Traders Aug 27, 2022 at 20:19

It's hard for me to imagine how much money a trader will lose if he doesn't use a demo account.People should understand that this is a great opportunity to learn the trading platform. No matter who says what, but a trading platform is a heavy and multifunction platform. That's why a trader should be able to study all the tools and understand how timeframes work and how to look for patterns.It can seem like an exciting adventure.But it is not necessary to trade on the demo account for too long. You need to train your emotions. That's what real money is for!

Patience is best tool to get success in New Traders Aug 19, 2022 at 19:21

Patience is a very important thing in achieving any goal. It does not matter what kind of business it is.Of course, in Forex trading it is especially important.Many beginning traders think that they can earn a lot of money in a week after registration. These people lack patience. They open more and more losing trades. They don't have time and desire for analytics and analysis.In this case nothing will work out. Luck loves the patient!

Different approaches of trading in General Aug 15, 2022 at 20:43

There are many strategies and approaches to trading.It's true.The main thing is to allocate capital correctly in order to avoid the casino effect.Still, it's a business.Business loves the patience.

FxPro in Brokers Apr 09, 2022 at 12:58

So, I started trading with the company just because my friend advised me to pay attention to this ctrader broker. It offers CFDs trading and this fact didn't shock me at all. I know that CFD trading means high risks, at least they are higher than forex trading for example. Anyway, I have been trading here within couple of weeks and so far so good... i didn't like the website, but i'm just a picky lol

Olymp Trade in Brokers Feb 23, 2022 at 08:10

Broker Olymp Trade at first glance may seem like something difficult and hard, but reely in fact, there is the more simple trading platform I have seen and any can try this....

hi. I'm new to forex trading. in New Traders Jan 21, 2022 at 18:17

Nice to meet you here. If we speak about safe investments then perhaps the best option for you is to find the assets which will genmerate you passive income or at least you will be able to save your money from various unforeseen circumstances such as inflation, deviation and so on so forth. If you are risky enough, you can pay attention to trading activity and you have to search for a proper broker. In this case, the matter is not to regret the time on this search and devote as much time as you can, because brokers really have weight in trading. The rest is for your broker and your personal o...

What's your recommendations on brokers for scalping? Based on experience in Experienced Traders Jan 20, 2022 at 20:37

As far as I concerned, any broker providing tight spreads with competitive commissions, high leverage with excellent execution statistics, and an ECN execution model with a volume-based rebate program will rank among the best for scalping. You have to choose from such ones. There are lots of such brokers in the internet and you can read reviews and draw conclusions. In my opinion, everything might be revealed only due to your personal experience of trading with particular brokers. The more options you will test, the more you will start to understand what exactly do you need from a broker in or...

Your most successful trade in New Traders Nov 30, 2021 at 07:50

The most successful trade of mine was when I entered the position with the highest leverage provided by my broker. I put not so much money but due to leverage I managed to earn 100$. Actually, I don't advice traders to follow my example, because it won't lead to something positive. My case was just the luck. However, traders shouldn't rely on luck because it turns trading activity into gambling. You have to calculate everything in order to understand whether you can open a position or not. Only by these steps you can turn trading into long lasting activity actually.

Fondex in Brokers Nov 24, 2021 at 05:35

I agree that a great number of people use Metatrader 4 simply because they got used to it. I also had been trading on it for more than five years and I thought that nothing could be better. However, time passes and new revolutionary solutions show up. cTrader is one of them. Once I tried it I realized that it’s much better than Metatrader.

20 trades to become millionare - is it possible? in New Traders Oct 15, 2021 at 19:32

It's possible in theory, however you should understand that everything you can imagine in theory isn't possible at practice. Here we should apply to luck, because 20 trades winstreak is kinda rare and almost impossible. It depends on the sum which you consider to start with. For example if you start from 50k$, then probably it's possible to upgrade it to 1 million of dollars, but you will have to neglect risk management and money management practices. Hence, if you are ready to take such risks on yourself, then you should try it. However, if you consider lower sum, then it will be ...

There is no secret holi-grail in General Sep 30, 2021 at 18:40

There are still a lot of people who believe that you can make a lot of money here without any effort.That is a lie. It even annoys me.

Trading in lower timeframes in General Nov 27, 2020 at 11:59

Sometimes it all depends on experience, and sometimes it all depends on the specific situation, because you can see the perspective where no one sees it...

Entries(SNIPER) and High reward entries in Experienced Traders Nov 23, 2020 at 20:48

Everything new that can be useful in the work is exactly what every modern trader is interested in. Share your observations, it can definitely be something useful.

newcomers trading habit in New Traders Aug 31, 2020 at 18:49

I believe that beginners should not focus on future earnings and money but self-development and training. It is necessary to put training in the first place and give more time to the demo account. On this account, you will be able to test trading strategies and gain enough experience to move to a real account.

IBM Capital AI Genius - 20000 in Trading Systems Jul 29, 2020 at 18:02

A good profit with a little leverage is always good. Because it is a clear demonstration that you can make a good profit without violating the rules of risk management and maintaining a calm, stable position in the market.

HYCM in Brokers Jul 16, 2020 at 21:23

I've read quite a lot of hycm reviews in the last few weeks, and I wanted to write mine. Since I've been trading recently with this broker, things that I wrote here may not be perfectly objective, but I will try to do my best.As I have already written, I've started trading with this broker recently, maybe for a couple of months. The first thing I liked about hycm was the user-friendly website. It has everything - information about the types of accounts, tools that will be very useful in trading and so on. But what I liked the most is the test to determine what type of account will ...

best forex strategy for consistent profits in Experienced Traders Jul 15, 2020 at 18:07

As for me, there is no better or perfect strategy for profitable or consistent trading or any other kind of trading. All you can do is make sure that the strategy is more or less suitable for you, the trading conditions with which you are working and the type of your account. Everything else is up to you, not a strategy. It is up to you how this or that strategy works in your account. Think about it!

Forex your second source of income in General Jun 28, 2020 at 16:01

One user there already correctly noted that success in Forex as an additional source of income depends on three things. First, it's your free time, only if you have enough time, you will be able to devote it to trading and learning.Second, it's your finances. No, with $100 you will not be able to enter the market and earn enough money, you really need enough money. Three, these are your skills. They can be improved and trained, but they're still important and their mastering requires a lot of your time.

BITCOIN DEAD ¿? in Crypto May 30, 2020 at 17:45

Of course not, it's just that this asset has periodic movement, but it's strong enough that you can get a great income.

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Posts by Maveswyn