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Voshakar

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Voshakar last won the day on August 20

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  1. Trading with leverage adds certain risks, however, leverage also adds potential profits. It is very important to bear in mind the idea that big potential profits imply big risks. Some brokers offer negative balance protection which reduces the risks, but they still exist, never forget about it.
  2. Minimizing the risk is important in trading but it is hard to do without reducing potential profits.
  3. Knowledge and skills are necessary for successful trading. However, discipline is also of utmost importance because you will never achieve any success if your emotions affect your trading decisions. So, unfortunately it is not enough to be smart and skillful, you should also control yourself and your psychological state, otherwise your emotions will take the leading role in your decisions and all the deals that you open will fail.
  4. There are people who make good money from it. Many such services run such competitions and it can be an interesting experience that brings in real income.
  5. Knowledge and experience are very important for trading, but demo trading will never give you the proper experience. You can start trading with demo for some time till you get used to the trading platform, but later on you should switch to real trading with small sums. This will provide you with some kind of relevant experience. Then you an gradually enlarge you deposit. I believe that this way will make you better in trading.
  6. Learning is key to success. If you don't want to learn, you'd better stop trading before you lose the money you deposited. Before investing in some financial instrument, you've got to know as much about it as it is possible. Only under this condition will you have the idea of how to open and close the deals, otherwise, any fluctuation will make you feel at a loss which will eventually lead you to the failures and losses.
  7. Successful trading implies infinite learning as market is constantly changing and you've got to learn new reality in order to catch up with the market and updated trends. If you don't learn, then you won't be adaptable to the new status quo, which will make you leave behind and gain low profits. So, learning should be your habit.
  8. When you start something new, you need to learn the details and all the possible difficulties you might encounter. This will enable you to prepare and act according to the situation at hand.
  9. This is particularly popular today because more and more people are interested in investing and working with cryptocurrencies. It is promising and profitable.
  10. I totally agree with you here. Following other people's ideas is getting us nowhere. You should make your personal opinion on the things which take place on the market. It is never harmful to hear some other traders' ideas because sometimes they make you think outside the box and broaden your horizons, but nonetheless, you shouldn't follow those ideas without making it through your own perception of the trading.
  11. Greed is undoubtedly detrimental to your trading along with fear of losing the money. It is all about emotional aspect in decision making, so, your goal is to eliminate psychological factor in order to remain sober in all of the trading situations, so that your decisions will be based on sheer logic and common sense. That is the only way to make decent consistent profits on forex market.
  12. That is a characteristic feature of forex market as it is opened 24 hours a day and you are free to choose the best time to trade within the whole day. However, you should bear in mind the fact that the level of volatility is different throughout the whole day. It doesn't really matter if you trade long-term as you can simply use pending orders, but if you are a scalper, it will be better for you to trade during a certain time period.
  13. I cannot but agree with you here. Starting capital affects the absolute value of your profits and in order to protect it from the absolute loss, you've got to implement risk and money management. Along with that you have to work out the proper trading strategy which will bring you the profits and understanding of the market. More than that, it is essential to pay attention to the psychological factor because it may influence your decision making process greatly.
  14. All the investments are accompanied by certain risks. Speaking of trading forex, the risks are huge, but the potential profits are big as well. However, in spite of high risks, you still have the chances of making decent profits from trading if you follow the key principles of money and risk management. These skills will definetely protect your budget from absolute loss.
  15. Demo account can be helpful for newbies but they shouldn't use it too much. I mean that you cannot really learn to trade using demo because there are no slippages and psychological pressure. I believe that the most adequate way if using demo is to learn how to use your trading platform in the most efficient way, but when you master it, you'd better start trading real money. You can start with some small amount and you will feel that trading even micro lots differs from trading with demo.

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