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Tools to trade.

Genom 45656 Sep 15, 2019 at 08:17

Some traders have such a problem when they overdo with the indicators and oscillators which overwhelm the whole picture of the market. Actually, it is possible to trade successfully without any indicators and rely on the price action. Surely, you need to understand the market in order to trade successfully.

61 Replies 3,773 Utsikter

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News trading is very tempting

Genom UweMoench Mar 10, 2021 at 14:58

Oh yes, there is always a feeling of the lost opportunities but such a feeling appears only restrospectively. I always think that this or that event has undoubtedly a potential to influence the market but when I realise that, it is too late. Anyway, I try to concentrate on technical analysis because news trading looks too difficult for me.

38 Replies 2,043 Utsikter

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Virtual computer in the cloud for trading

Genom MFTrading Jan 11, 2022 at 16:22

I guess if you got used to use bots, then perhaps you can't avoid such an issue. Mainly because bots are required to be updated as you noted and it might lead to such consequences. Of course, it's unpleasant, however as for virtual computers in the cloud, perhaps, there are such ones but you have to search for it in the internet. Remember ...

1 Replies 526 Utsikter

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There are lot of common mistakes

Genom Michihito Jan 31, 2021 at 13:03

Mistakes are considered to be ordinary things in trading. Of course, some trader prefer avoiding mistakes by proepr risk management and money management, however according to statistics, the vast majorikty of traders are greedy, so they face mistakes due to their greediness. I believe that mistakes are needed on the very initial steps in trading, b...

45 Replies 2,618 Utsikter

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1% risk

Genom Mohammadi Oct 17, 2019 at 05:53

The risk limit is just one aspect of a trading system. Only an integrated approach to trading can be successful in the long term. If your risk limit does not take into account your market analysis and trading history analysis, as well as news analysis and targets, then this limit will stifle your trading, no matter how lucky you are.

39 Replies 2,447 Utsikter

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Discipline and Forex Trading

Genom Dictiony Apr 28, 2020 at 04:06

Discipline and patience are essential when trading Forex. Many traders make the mistake of trying to "time the market" and end up losing money in the process. A disciplined trader will stick to a plan, regardless of the market conditions. This is essential for long-term success in Forex trading.

46 Replies 2,648 Utsikter

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Having a mentor

Genom Michihito Dec 06, 2020 at 08:09

A mentor in any field is beneficial. However, finding a mentor who is reliable is vital. It's not a difficult to locate the perfect mentor for particular individual.

26 Replies 1,456 Utsikter

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Scalping is good

Genom UweMoench Dec 06, 2020 at 08:09

Scalping is good, but this is one of the things that requires serious skill. Traders need to be well acquainted with the market and have a solid strategy to be able to make consistent profit by scalping.

55 Replies 3,678 Utsikter

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What should be the risk percentage?

Genom Michihito Jan 12, 2021 at 12:41

If I could predict 100%, I wouldn't risk more than 2%.

20 Replies 1,715 Utsikter

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When loss occurs

Genom Michihito Mar 23, 2021 at 13:37

You shouldn't perceive losses as something bad. Losses is a part of trading activity and every trader understands that losses play major role in the development of traders. They teach them a lot, they bring them experience which boost their development and help them to get their objectives. As far as I concerned, not all traders can perceive lo...

58 Replies 2,875 Utsikter

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How long it takes to learn

Genom Michihito Nov 27, 2020 at 06:17

It depends solely on your skills and abilities to learn. There are some people who can't learn at all, they're made to learn something but it's just for nothing, they anyway would never remember something. However, there are those ones who learn a lot and they remember a lot. They are able to perceive new information and absorb it like ...

98 Replies 4,977 Utsikter

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account retrieval

Genom cynthialohr Jan 14, 2022 at 00:18

The story really seems to me strange, however it's just a lesson that people should never click on dubious links, because it may easly lead to the same consequences of even worse. Of course, sometimes we have to click on some dubious links, because for example the letter which we got is considered to be pretty significant for us. However, if yo...

1 Replies 494 Utsikter

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Fundamental Analysis in Forex

Genom zhsy Jan 13, 2022 at 09:39

Fundamental analysis is a very powerful tool for the market analysis but this tool is very difficult to use. A trader needs to acquire lots of skills and knowledge in order to be able to analyze the economic events properly and come to the right conclusions. Surely, apart from it, you need to have quite a rich experience in analyzing the market if ...

1 Replies 615 Utsikter

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Greed is dangerous

Genom UweMoench Sep 25, 2020 at 11:57

It's a tough emotion to shake off

27 Replies 1,551 Utsikter

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Successful trading

Genom Imamul Feb 28, 2019 at 13:26

You need to be well-educated about trading, have a good trading plan, practice risk management, etc. AND have an account with a reliable broker with decent costs in order to truly be successful. Without one or the other, you're bound to fail.

99 Replies 5,327 Utsikter

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Beginners Greed

Genom Roberto21 Sep 19, 2019 at 10:26

Sometimes beginners with some learning is better than with no learning. Beginner with some learning think they are expert and will not only lose their money but go on forums and tell everyone their bad ideas

107 Replies 5,604 Utsikter

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METHOD OR DISCIPLINE?

Genom Kevin1628 Oct 24, 2021 at 08:20

Both are significant and they contribute to your trading results equally much. That is why there should be no differentiation between which side to move. You need to be knowledgable and self-disciplined at the same time, otherwise, your trading will be unpredictable and there will be lots of losses which are sure to kill your trading account.

32 Replies 1,893 Utsikter

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New Trader

Genom djstick Jan 25, 2021 at 23:05

If you are new to trading, you'd better not start with trading bots and algotrading. You shouldn't have the illusions that trading bots are able to become the source of passive income, They should always be controlled because of the fact that they can ruin your budget very easily and fast. More than that, there is no perfect trading bots in...

48 Replies 2,870 Utsikter

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New and undisciplined traders

Genom UweMoench Jan 10, 2021 at 16:52

There can be lots of mistakes in the very approach to trading of the beginner. I do totally agree with the statement that high expectations may ruin your budget quite easily and fast. That is why before coming to forex everyone should understand that they need to work really hard to achieve success, otherwise, they will definetely and inevitably fa...

32 Replies 2,028 Utsikter

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Really? Long term is worth the wait?

Genom SophieB Jul 07, 2017 at 06:17

Whether it’s trading or investing, financial markets are always very uncertain and you can never truly predict whether holding on a trade will be worth it or not. However, if you plan to employ long term strategy in your trading then it’s a good idea to fundamentally analyse the pairs and the underlying economies thoroughly.

73 Replies 4,049 Utsikter

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