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sebking1986
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Discipline is the most basic thing
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Oct 11, 2021 at 14:23
A quote by a prominant Betfair trader called Peter Webb, which likely applies to all types of trading is - "If you trade with a random approach then you should expect random results". A structured and disciplined approach is the only way to make any headway in the markets.
Making consistent money
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Oct 11, 2021 at 14:13
To be consistently profitable you have to consistently treat it as a profession. With that comes risk management, discipline, and a tried and tested strategy.
Forex taxes in Belgium
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Oct 08, 2021 at 10:48
I would always go straight to source for anyone asking about any country. Last thing you want is to miss something and get stung.
How long it takes to learn
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Oct 08, 2021 at 10:46
I'm not sure you ever stop learning. Bit of a cop out answer but as you are probably alluding to to be competent trader again it is hard to say. It depends how you take to it, if you are learning the right way for your personality, how much time you have to learn and practice etc
Risk/Reward Ration-Why you should master the Act.
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Oct 08, 2021 at 10:22
For sure. Hate seeing these promises of 95%+ accuracy as you just know it's a scam and that there are some poor saps out there that get drawn in by it.
How to select the Best Currency Pair for Investment?
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Oct 07, 2021 at 14:17
I personally started with EURUSD and then expanded to a few more from there. My reasoning was that it is closely inversely tied to the DXY and thus a strong confluence can be drawn from it.
Looking for Broker
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Oct 07, 2021 at 14:16
I have used brokers that only use bank deposits and some offshore ones that use BTC and found both ok. Just make sure you check reviews and overall reputation.
Looking for MAM or PAMM I can use from the US
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Oct 06, 2021 at 13:34
Make sure you get someone who is registered. A couple of people I did something similar with before I knew better and learned to trade myself got pulled up by the FCA in the UK
Rinse and Repeat
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นักเทรดมือใหม่
Oct 06, 2021 at 13:32
How have you got on with this so far? Are you trading the strategy live or still demo?
Newcomers and their greediness
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Oct 05, 2021 at 14:22
The issue is focussing on how much profit they can make rather than how much risk they are taking. One you can control and the other not so much.
How much should you invest in trading
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Oct 05, 2021 at 14:17
What you can afford to lose is my opinion. I think this will help deal with the loss aspect of trading.
Are you afraid to lose your trade?
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Oct 05, 2021 at 14:13
Being afraid of losing trades will just make you trigger shy. It's part of the process and if you can't deal with that you need to learn how to.
Manual trading
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Oct 05, 2021 at 14:11
I've used EAs and personally it pushed me to learn forex better so I could more effectively trade manually. I much prefer the latter now.
Leverage is useful or not ?
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Aug 23, 2021 at 09:54
If utliised properly with a sound risk management strategy then yes leverage is very important. The double edged sword nature of it though is that if your risk management is poor, you can blow your account quicker.
Acquiring knowledge is basic
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Aug 23, 2021 at 09:53
Knowledge is one thing but being able to apply that knowledge is crucial as it would be with something like medicine. And just like a career like medicine, it doesn't come without time.
I think every successful trader
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Aug 23, 2021 at 09:52
Not submitting to the time aspect of learning and practicing is what kills most people off in forex and other forms of trading.
Is demo trading enough before real account?
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Aug 23, 2021 at 09:26
Demo trading is a must to start with in my opinion. That's not to say going live eventually isn't but if you've not got an objectively winning strategy, why would you then futher complicate it with psychology?
Huge gain or limited Risk- What is important to you?
ใน
นักเทรดมือใหม่
Aug 23, 2021 at 09:25
The emphasis is put too much on profit and not enough on risk with newer traders. This is completely the wrong way around. The simple fact is you can't trade at all if you blow your capital so protecting it should be priority number 1!
90% are loser ..why ?
ใน
นักเทรดมือใหม่
Aug 23, 2021 at 09:19
Because people fail to understand this is a profession. I would think if you could have a go at brain surgery straight away without any learning or practice you'd have a worse than 90% death rate.
5 Things I have learned in 5 years of trading!
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Aug 16, 2021 at 09:31
1) A broker is not that important. 90% of them are fine so use whatever one you are comfortable with.2) Social media “gurus” often don’t actually trade themselves and make their money conning the vast majority of people coming into trading looking for quick cash – don’t get caught out!3) Nobody can give you a ready-made strategy and then send you off to start making money, A strategy is something personal to you in terms of time, risk tolerance, psychology, speed of the market etc. Take bits from different sources and then take the time to formulate and test your ...
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