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Fear of losing
Genel
içinde
Jun 02, 2021 at 10:36
Fear doesn't allow us to think logically. There are two types of fear. Fear of losing money and fear of losing an opportunity to open a trade. Both types of fear is bad for our trading.
Forex market offers great opportunity
Genel
içinde
May 31, 2021 at 11:07
Yes opportunity is there in the forex market. But to make the best use of that opportunity, we need skills and experience. Otherwise it's not possible to utilize the opportunity.
Ready made strategy doesn't
Genel
içinde
May 31, 2021 at 11:05
Ready-made strategy is not good. It doesn't work very well. To work a strategy we need to customize it according to our trading psychology. Do experiment, you will be able to make your own strategy.
Acquiring knowledge is basic
Genel
içinde
May 31, 2021 at 10:55
Without skills, knowledge and experience consistent profit is not possible in the forex market. No matter how big your capital is! If you do not have enough skills, you wll lose all the money.
Are there secret forex strategies in the forex market?
Genel
içinde
May 31, 2021 at 10:52
There is no secret strategy in the forex market. The only secret is developing enough skills to beat the market most of the time. It takes time and effort. It doesn't happen in 6 months or in a year.
Signals are profitable?
Genel
içinde
May 30, 2021 at 11:51
Not really. Signals are not profitable. Signals providers give you a lot of signals everyone. It is not possible to open all the trades they provide. In average they may have good winning percentage. But you will lose.
Forex is not a bad business
Genel
içinde
May 30, 2021 at 11:47
It's likely to earn million from currency just in case you've got enough skills and experience. And also to get enough skills it takes years. Do not become frustrated by reading it. This really is actually the fact but few talk it.
The less complicated trading system
Genel
içinde
May 30, 2021 at 11:17
Simple trading strategy is good. Newbies should not go for complicated strategy. But it is also true that the best strategy is the strategy that you understand the most..
Becoming a Forex Expert requires
Genel
içinde
May 30, 2021 at 11:13
There is absolutely no alternative to study and market research to find skilled in trading. You have to learn candlesticks, technical evaluation and take control of your mind. Have patience and continue learning.
Market fluctuations are an artificial phenomenon.
Genel
içinde
May 29, 2021 at 10:48
No it's not artificial. Market price fluctuates based on supply and demand. Everyday huge number of currencies is transected for export, import and other purposes. It makes the market fluctuate.
About news trading
Genel
içinde
May 29, 2021 at 10:17
Newbies should not do news trading. It's very risky. Sometimes you may win 1/2 news trades. But other time you may get margin call. For news trading, one needs good fundamental analysis skills.
Most traders don't get success
Genel
içinde
May 29, 2021 at 10:12
Yes most traders do not get success because they are not skilled enough to be successful. To be a successful traders, one needs to have good analysis skills and a sound and composed mind.
News trading is very tempting
Genel
içinde
May 27, 2021 at 12:22
Yes news trading is tempting. But it's risky. To do news trading one needs to have good fundamental skills. Just out of assumption you can not do news trading.
Risky business
Genel
içinde
May 27, 2021 at 12:20
Yes forex trading is one of the riskiest business in the world. Due to high leverage it becomes risky. That's why every trader should use proper risk management policy.
What works?
Genel
içinde
May 27, 2021 at 11:58
Lot of things work but what works for me, may not work for you. By trail and error, you have to find out what works for you. It takes time and dedication.
Emotional Trading
Genel
içinde
May 27, 2021 at 11:47
Getting influenced by emotions during trading is one of the reasons people lose money. Sometimes people open trade out of overjoy, sometimes out of frustration. One should open trade only if your strategy permits.
Both fundamental and technical
Genel
içinde
May 22, 2021 at 13:26
Both fundamental and technical analysis are important for forex trading. Even if you do technical analysis trading, you also need little bit of fundamental analysis.
Leverage
Genel
içinde
May 22, 2021 at 13:22
Leverage is very important for forex trading. It is due to the leverage, anyone with a small capital can trade. Otherwise it would take a lot of money to trade currency.
I think every successful trader
Genel
içinde
May 11, 2021 at 04:53
The thing that makes a difference between a new trader and champ trader is feelings. A trader can loss with finest strategy since they don't trade with washed experience as opposed to they trade with psychological urge. With no control over your feelings you can not make dependable profit in trading.
Being successful means
Genel
içinde
May 11, 2021 at 04:50
Successful trading means making money on regular basis. Everyone makes money here and there. And in average they are losing money. It requires to have deep understanding of trading to be successful.
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