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sebking1986
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sebking1986
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By trading we can make
in
General
Dec 10, 2021 at 10:20
It's no different from any other high paying vocation. It takes years of education, study and practice to get good enough to earn the decent money. Saw as law, medicine, any sport etc.
Correlation
in
General
Dec 08, 2021 at 19:47
Not just pairs but also with certain indices like DXY and EURUSD. Not they aren't always in line and that is when you need to think why that might be and what that means.
Forex Community
in
General
Dec 08, 2021 at 19:45
Here is good but there are a number of good forums you can join to discuss ideas etc.
Forex is an investment business
in
General
Dec 08, 2021 at 19:36
There are simpler investments for your money but I would say forex needs an investment in one's own self and education.
Can you Succeed like this
in
New Traders
Dec 07, 2021 at 21:06
Use whichever means allow for you to take the highest probability setups. There is no prize for the way in which you trade. Target one is keeping your capital and target two is growing it. Taking the highest probability setups is the best way to do that. Why handcuff yourself in trying to do that?
New traders love scalping
in
General
Dec 07, 2021 at 21:00
It's the idea of quick turnaround profits that they are attracted to but the reality is quick turnaround of losing their whole capital.
Loss
in
General
Dec 07, 2021 at 20:50
Losses in forex are as natural as expenses in business.
Luck or Hard Work?
in
New Traders
Dec 06, 2021 at 19:01
I also think luck tends to be an event or a few events. Anyone can get a lucky result but that's not good trading. Trading rewards consistency and consistency is achieved through hard work.
having a losses
in
General
Dec 06, 2021 at 18:54
It's like trying to start a business but being scared of expenses. They happen. if your business plan is any goo you will make more money than you lose and turn a profit.
Part time trading
in
General
Dec 06, 2021 at 18:52
Most people who start trading will approach it part time. As such it is important to be self aware enough to look into trading styles that will suit your current lifestyle so that you can learn and practice sustainably. I think burnout becomes an issue for many who don't consider this early on.
Broker with Big Leverage in UK
in
New Traders
Dec 03, 2021 at 12:23
You won't find it in the UK with native brokers as the regulation prevents it.
Greetings to all
in
New Traders
Dec 03, 2021 at 12:22
Does seem odd to dig this one out the archives doesn't it?
Can you leave Forex Trading?
in
New Traders
Dec 02, 2021 at 10:36
I think it depends if your relationship with forex is toxic or not. If you trade well and are making a profit then the chances are you have your trading nailed down strategically and mentally. If you are pining for that "but I might make a profit" when evidence tells you that you aren't close to it and you can't take the steps to go back and try on demo or reduce your capital then there is no difference from this and a gambling addiction. If you appreciate it as a process and can make the decisions needed to last long term or do what is best for your own health then walking a...
To Demo or not to Demo
in
New Traders
Dec 02, 2021 at 10:32
Take money out of the equation for a moment (although you should treat a demo like it's real money in my opinion). What basis do you have the the strategy you have has an edge if you haven't tested in demo? It is a vital part of the process and skipping it only sells you short. There are no shortcuts.
Stop Loss Importance
in
General
Dec 02, 2021 at 10:30
Regardless of your level as a trader we cannot ever 100% know the direction of the market so a SL is a MUST in all trades we take and is part of any sensible risk management strategy.
When loss occurs
in
General
Dec 01, 2021 at 17:46
If you are trading live then the assumption is you are doing so with a reasonable belief that you have an edge. You won't win every trade but if you stay the course you will come out on top.
Forex game is not business
in
General
Dec 01, 2021 at 17:44
More new traders need to take this on board. It is a multi-trillion dollar a day business. it will eat you alive if you think you can just rock up with no education or practice.
Placing stop loss
in
General
Dec 01, 2021 at 17:40
Losses occur and so do wins. The goal is relative indifference to both.
Profit targeting
in
General
Nov 29, 2021 at 12:17
I don't target an amount per month or year. Just take what the market presents me.
which target ?
in
New Traders
Nov 29, 2021 at 12:09
I have no monthly target. I take what the market offers me and am to not lose.
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