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Pixie Pips

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About Pixie Pips

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  1. A good rule of thumb for traders new to the market is to focus on one or two currency pairs. Generally, traders will choose to trade the EUR/USD or USD/JPY because there is so much information and resources available about the underlying economies. Not surprisingly, these two pairs make up much of global daily volume.
  2. A trader who trades on a real account will likely try to close the trade in profit or at breakeven. There are many traders who manage to make a profit while demo trading, but start losing money once they switch to a live account. No Real Consequences – Demo accounts provide a risk-free trading environment.
  3. For saving yourself from high risk or loss traders tend to use some strategy like Stop loss, where the loss can be minimized to a certain level. Every transaction has their loss reward ratio it depends on how well you use the strategy.
  4. Constant learning is a trait of a successful trader, learning can help you enhance your skills as well as knowledge. If you as a trader are having learning ability then definitely a fear of failure will also decline as the mindset have been grown up in a way as to learn from the mistake.
  5. Continues learning is only key to success towards long run in Forex market. A good learner will always learn something from failure or mistake which ultimately becomes rich experience.
  6. Investing in short term investments is risky, as there’s little way to know if markets will go up or down in a short space of time. As Warren Buffett says, “In the short run, the market is a voting machine,” meaning that the short term stock market is nothing more than a popularity contest. That makes it near impossible to predict. Hence the risk is high. Over the long run, markets (usually) grow. So remember that long term investments have a higher chance of making you money and, the longer you invest, the less likely you are to lose money too.
  7. Demo account will only help you with the basic of forex market trading but actual market decision has to be taken very carefully and strategically sound so that you don't face much loss.
  8. It's said Nothing will work unless you do, so one way of becoming successful is constant learning from anywhere from anyone. This attitude of the trader will always help him in his good and bad days.
  9. COVID-19 CORONAVIRUS PANDEMIC Last updated: March 31, 2020, 04:32 GMT Coronavirus Cases: 785,807 view by country Deaths: 37,820 Recovered: 165,659
  10. Very truely said, Forex is global financial market which is accessible from any part of the world which encourages trader from different part to world to trade and earn profit by showing their skills and potential trade.
  11. One of the most difficult situation of many country is the defeat with Coronavirus. This Covid-19 have made people to lock themself at home and many business man have faced loss due to current market situation. We hope that it may get well soon.
  12. It is true that the knowledge you have gained by observing or reading will be of no use until its implemented and practiced. For beginners to trade and implement their new ideas and strategy Forex gives benefit of DEMO account through which trader can surely experience in trial before entering into real market.
  13. Lack of knowledge to trade in Forex can be a major reason to fail, Fear to take risk and not being confident on decision taken can also make a trader a loser in Forex. Over confidence on the strategy or assumption can also lead a trader to become a loser
  14. 100% true, learning anything will help you for your life. You should always start any work with learning of its basic that way you can improve your skills for that particular work.
  15. Both accounts are having their own pros and cons. But we should learn with demo account because trading real account directly is not safe for your investment as you have no idea of the market.
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