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Huge gain or limited Risk- What is important to you?
på
Nya Handlare
Aug 18, 2021 at 15:29
I care more about managing risk. I do risk more on trades that I’m more confident about, but the main goal is to lose less money than I make. I might risk more in the future once I’ve been trading for longer, but it isn’t worth the chance of losing so much to me right now.
5 Things I have learned in 5 years of trading!
på
Allmänt
Aug 16, 2021 at 13:50
Great points! I guess I’ll share my thoughts as well -1.) I agree that things are usually more up to the trader as far as profits and things go (as long as the broker isn’t a complete scammer). Also, like the whole tree planting thing you mentioned. Never seen a broker that actually makes an effort for the environment before.2 & 3.) I hate seeing gurus and strategy’s that advertise “guaranteed results”. It sucks that beginners get roped into these things and waste their hard earned money and I think that it gives the false idea that trading will be easy if...
How to get no deposit bonus in forex for new traders?
på
Nya Handlare
Aug 06, 2021 at 15:36
Good point but newbies need to know how often terms & conditions can make it difficult to withdraw bonus money. I see so many threads where people are confused as to why they cannot withdraw their profits because they didn't read the terms so they haven't traded the specified number of lots or some other reason. It's also notable that scammers sometimes draw in beginners with too good to be true offers when the reality is that their terms are awful. What's a $30 bonus good for if you're paying spreads that are three times the average with 7% fees on every withdrawal...
Hello world
på
Nya Handlare
Aug 06, 2021 at 15:34
Hi! Glad to see that you haven't given up. Good luck!
Knowldge is important
på
Nya Handlare
Aug 06, 2021 at 15:34
Having a good understanding and background knowledge is key to getting off to the right start. I think demo practice is also very helpful even if it is not technically a necessity.
Newbie looking for guidance and support
på
Nya Handlare
Aug 06, 2021 at 15:33
Hi! I'm new here as well. Have some experience trading live. Wishing you luck!
Simple Trading Tips for beginner.
på
Nya Handlare
Aug 05, 2021 at 15:10
Good points. I think starting with realistic expectations is also really important.
Demo can not make you well experienced
på
Allmänt
Aug 05, 2021 at 15:09
Good point.I do think that demo accounts are one of the best hands on tools that traders can access. It really helps one to gain an understanding and idea of how trading works, test strategies, learn the mechanics of trading and so on. Still, demo accounts can’t prepare you for the roller coaster of emotions that come with real trading. Fear and anxiety or depression over losses is real.One of the best tips I’ve found to help take demo losses more seriously is to give yourself real life consequences and rewards so that you do feel something when you gain or lose. For example, treat...
Which Platform is best for forex trading?
på
Nya Handlare
Aug 05, 2021 at 15:05
I personally prefer MT4 even though MT5 is available. It’s easy to use and there are plenty of tutorials online, especially on YouTube. It’s also one of the most widely available and popular platforms out there.
Hello ambitious traders! NEW Trader wannabe here.
på
Nya Handlare
Aug 05, 2021 at 15:03
Hi Ian! Sounds like you’re taking a realistic approach to trading. Just remember that demo accounts are available anytime you want to try something new and always account for risk management so you don’t lose much if you do lose. Good luck!
Best forex demo account brokers
på
Allmänt
Aug 05, 2021 at 15:00
Most brokers offer demo accounts. The only differences would be that certain aspects like the spread may differ based on the broker. I started trading on a demo with CedarFX on MT4 and switched to a live account later on. Never had any issues with the demo account, and support is online 24/7 so I suppose that could be helpful if you needed any assistance.
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