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Forex trading is easy for
trong
Thông tin chung
Dec 17, 2021 at 08:11
It is a bit of a paradox forex is the simplest thing in the world(hit buy or sell) but the mechanics behind it are definitely not. I do think you can reach a stage where you are in a place where you have the experience and knowledge and you become affected by the market swings or a losing trade then it becomes 'easy'
When a trader is a newbie
trong
Thông tin chung
Dec 17, 2021 at 08:10
It is so key to do this like doctors practice for months on cadavers and when they make a mistake they correct the technique they dont just hop into surgery and learn whilst performing
Greed, the destruction
trong
Thông tin chung
Dec 15, 2021 at 16:57
I would go as far as a few years. It really is a marathon not a sprint. There is no rush it is about taking things slowly and build each skill with time. Its important to cover every aspect and not to jump the gun so to speak
Unrealistic expectation causes
trong
Thông tin chung
Dec 15, 2021 at 16:55
Completely agree, its so important to have every aspect taken care of in the plan. It makes things so much easier which is important for long term sustainability in trading. Too many decision and too many contradictions will lead to burn out
Broker and regulations
trong
Thông tin chung
Dec 11, 2021 at 10:37
I use them too. I have found them solid and lots more options to trade and some have same day withdrawals now too
Some of the traders who fail
trong
Thông tin chung
Dec 10, 2021 at 08:32
Hit the nail on the head there. You must keep a journal and record your trades to see which mistakes are coming up repeatedly. Once you do you can iron them out. It is so easy to do similar mistakes without realising
Unrealistic expectation causes
trong
Thông tin chung
Dec 10, 2021 at 08:31
Very true, its all about trusting the process and the money being a by product of the work you have put in. It is so key to make sure you are disciplined and then you can really reach amazing heights
Luck or Hard Work?
trong
Nhà giao dịch mới
Dec 08, 2021 at 13:20
Love this, its so true you put yourself in the right place, prepared you will succeed
What should be the risk percentage?
trong
Thông tin chung
Dec 08, 2021 at 13:19
30% risk is insane. Thats basically 3 trades and your account is bust. Not sustainable. You arent giving the law of probabilities to work out even if you have a solid edge there is a strong possibility you will lose 3 in a row and youre account will be gone and wont be able to recover
Basics knowledge is not enough
trong
Thông tin chung
Dec 07, 2021 at 14:58
I think that could of been worded better, as you can success with a basic strategy BUT you need to have the experience of handling losses, of handling winners and letting them run. Trust your risk management and confirming you have an edge. Some of these arent 'knowledge' per say but are vital in being successful
To be a successful trader
trong
Thông tin chung
Dec 04, 2021 at 16:02
Really think thats true like so many are not willing to put the hours in and they dont keep a journal to see where they go wrong and repeat mistakes
When loss occurs
trong
Thông tin chung
Dec 04, 2021 at 16:01
Completely agree, They are part of any trading strategy but you need to make sure you are following rules and they are losses part of a system and not sloppy trading
Time frames for currencies
trong
Thông tin chung
Dec 02, 2021 at 15:01
Definitely agree these time zones are the best for trading. The crossover between these sessions is where the most liquidity is and moves happen
Can you leave Forex Trading?
trong
Nhà giao dịch mới
Dec 02, 2021 at 14:59
Very true, like some treat this like a bit of fun and risk too much. Mark Douglas always says if you want to do that Vegas is more fun lol. Forex has to be treated like a business and proper risk. It has to be boring so the true reason your trading is to be successful and not for fun
When a trader uses small
trong
Thông tin chung
Nov 29, 2021 at 19:23
It really is no matter how experienced and if one doesnt use it one will soon be taught to use it
What could be the next Ethereum?
trong
Tiền điện tử
Nov 29, 2021 at 19:22
Im liking Solana and Polka. Both solid and i think Polka is run by a former ETH developer
Basic mistake we make
trong
Thông tin chung
Nov 26, 2021 at 08:17
Funny this is so key, in a round about way you are gaining experience. I think experience is the biggest thing as you get a feel for the market and you have watched so many candles paint that you can anticipate with your techincal knowledge the probability of the trade coming out in your favour
In trading everyone should have some rules
trong
Thông tin chung
Nov 24, 2021 at 08:00
I think thats what it does most is keeps us consistent in our entries our exits and risk management. keep variables to a minimum which is the key to success imo
Fear makes you
trong
Thông tin chung
Nov 23, 2021 at 08:13
Very true, i think there is a healthy level of 'fear' as you can it to help you stay on your toes and alert. Getting too comfortable or lax is very dangerous in trading
Confidence is very important
trong
Thông tin chung
Nov 23, 2021 at 08:12
I think this is true to an extent i think its more experience that everything will be okay even if you have a loss. It is all part of the game. It is sometimes easier said than done as saying you can deal with losses and seeing red after red are two different beasts altogether. I think experience and confidence in your system are the secret sauce
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