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COPY TRADE
på
Allmänt
Nov 19, 2021 at 11:51
Copy trading is best for new traders who want to learn different strategies that work, but ya, shouldn’t rely on it for long.
Those who can't learn will be eliminated by the market
på
Erfaren Traders
Nov 19, 2021 at 04:59
Learning is an essential element when you are trading forex because, without learning, you will not be able to know what is happening in the market. Traders with a lack of information and knowledge will always lose and never succeed.
Do any forex brokers offer crypto deposit?
på
Krypto
Nov 17, 2021 at 10:30
I’ve successfully made dozens of deposits in cryptocurrencies with turnkeyforex. Deposits are also instant and they accept deposits in almost 20 cryptos.
Moving averages in in/out trading style
på
Erfaren Traders
Nov 15, 2021 at 06:25
Moving average is a fast way to check the trend. You determine the trend by checking which average is above or below another. It is mostly used in conjunction with other technical analysis indicators to support trading decisions.
How to answer what do you do for a living?
på
Erfaren Traders
Nov 12, 2021 at 05:33
You can also say you are a full-time trader or self-employed trader. Try to explain what you do with simple terms, so people unfamiliar with forex trading terminology can understand your job.
7 Things to Know to Become a Successful Crypto Trader
på
Krypto
Nov 11, 2021 at 03:54
These 7 points are very interesting. I believe that another most important thing to consider is "time your investment".
NEW TO TRADING
på
Nya Handlare
Nov 10, 2021 at 05:41
I would suggest a few things: 1. Know the significance of educating yourself regarding the Forex market. 2. Understand your limits and risk taking power. 3. Understand where to stop during the trade. 4. Control your emotions. 5. Maintain a slow and steady pace.
Trading without stop loss
på
Allmänt
Nov 09, 2021 at 04:54
Trading without stop loss is like risking your trade. You will lose more than you expected. So to save your losses, it's important, or actually mandatory, to trade with a stop loss.
In trading everyone should have some rules
på
Allmänt
Nov 09, 2021 at 04:43
Yes, rules are important in trading to minimise risks. Your rules should be incorporated as your risk management strategy.
COPY TRADE
på
Allmänt
Nov 08, 2021 at 06:04
For new traders, copy trading can be a good way to understand trading strategies. When you copy someone’s trade, it is important you understand the mechanics of the applied strategy, rather than just copying it to make money. One should do a proper background research before copying a trading strategy from some trader. You can also diversify your master traders.
Anyone know Zero or fixed spread broker?
på
Erfaren Traders
Nov 02, 2021 at 07:36
There are brokers that offer zero fixed spreads, though commissions might be high. But you can also go for a variable spread broker like turnkeyforex which has quite low spreads, specially on majors and commissions are also low. So your overall trading cost will be low.
Purpose of demo trading
på
Allmänt
Oct 29, 2021 at 04:09
The purpose of demo trading is to allow traders to trade without risking real money. It's also an opportunity for them to explore the different features of a particular platform before actually using it with their own money.
No one should depend upon luck
på
Allmänt
Oct 29, 2021 at 03:54
Luck has a temporary place in any kind of market because it is a mere coincidence. Forex trading is a risky endeavor, and if you want to be a profitable trader, there is no route other than studying the market carefully.
How much should you invest in trading
på
Allmänt
Oct 28, 2021 at 04:18
In matters of returns, forex trading has a simple rule: the more you invest, the more return you could get.Therefore, you can trade and invest according to your financial goals.
Is math important for trading?
på
Allmänt
Oct 27, 2021 at 04:16
Yes, forex demands trades to be good with mathematical skills. However, it doesn’t mean you require knowledge of advanced maths. Knowledge of percentages is essential. There are mathematical formulas traders need to be well equipped in handling, such as how to calculate leverage, pips, profits, and margins. Knowledge of descriptive statistics and probability is necessary too.
Number one biggest mistake
på
Allmänt
Oct 26, 2021 at 10:50
You can get a bunch of relevant information online. Just search about the topic on Google. Youtube is another platform where you can get videos related to the topic. I hope it will help you.
When to stop.
på
Allmänt
Oct 26, 2021 at 04:02
There are various parameters that can help you in determining whether you should stop trading. Of course, it is sensible to stop trading when you’re not making any profits. This is also the time for you to introspect and check where you failed. Backtest your strategies and see what could be the cause of it.You should also stop trading when the market isn’t performing well and you fail to analyse it properly. That’s why it is important to stay updated with the news and study fundamental analysis.
The beauty of forex trading
på
Allmänt
Oct 25, 2021 at 08:17
There are many opportunities to find a potentially profitable trade in the forex market. A forex trader can benefit from relatively high liquidity, which is often greater than other markets. The average daily volume of transactions in the forex market is estimated to be over US$5 trillion, so there is plenty of money to be made.
What are good stats in Forex
på
Allmänt
Oct 25, 2021 at 08:13
The good stats in forex are the ones that show a profitable trading system. There are many statistical indicators that work well in forex. The stats value you can consider are:Calmar Ratio (targets reward/risk, over 3 is good)Profit Factor (average win/loss ratio, over 2 is good)Heiken Ashi (buy when green, sell when red)Moving Averages (higher is better).
Signals are profitable?
på
Allmänt
Oct 25, 2021 at 07:44
Forex signals are automated and do tasks they are designed to do. However, the forex market is volatile and the forex signal can’t outperform decisions taken by traders.
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