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Everything posted by Mrsooduraske

  1. A newbie should practice demo account at the start and then start trading, to become a successful trader you need to learn a lot of experience, management of money, you should learn better analytical skills, you should have better capability of understanding the market trends,Always learn from your mistakes and never give up in Forex.
  2. It is important that your trading methodology makes sense for you, even if it is the opposite of what makes sense for others. You should choose the trading approach that suits you personally to minimize internal conflict. When you have that confidence, you will be able to remain true to the development and execution of it in tough times.
  3. Greed is extremely dangerous in this business, and traders who fall for it have themselves to blame. If we ever hope to succeed in this trade, we will need to avoid greed and find better ways to minimize our risks. For us to succeed, we must learn to overcome greed, which has caused so many people to lose here. It is risky to get into the forex market, and to be successful we need to learn the right ways of doing it.
  4. Just comparing the available forex brokers can be confusing, since the market is so competitive. If you do not know what to look for, choosing a forex broker can be very difficult. If you look for it when choosing a forex broker, it is at the forefront of those factors.
  5. In Forex trading, emotion is a trader's worst enemy. To be a good trader you must know how to control your emotions and the best way to control your emotions in the Forex market is to be very disciplined in your trading strategy set time that is best comfortably for you to trade before going into the market.
  6. As the name implies, HYIPs do not provide a steady income. HIYP programs do not last longer than one year. You can lose your money and be cheated. Forex is stable, and you have a reasonable amount of control over your wealth.
  7. After just a short period of demo trading, many traders begin trading on real accounts. Their careers will suffer as a result. Forex is a business in which you must have a clear idea of what you're going to do and what you should do. It will be terrible for you if you are only shallowly knowledgeable about the Forex market. The small amount of knowledge you have will lead you to hesitate in making decisions. Hence, you should not simply learn to trade, but rather learn how to trade properly before you begin.
  8. The forex market is not a game. Not by roulette, but by a combination of various economic factors, exchange rates are determined. Earning money on Forex by relying only on luck . A person who wants to make money from foreign exchange trading must understand the market, know its laws, and be able to predict exchange rates. Training on Forex trading is therefore essential before starting work. The excitement of trading on Forex should not guide your actions. You need to restrain your emotions. Knowing the rules of money management and market psychology will help you succeed in the market.
  9. By always trading with the aim of learning, I can control greed and emotions. You will take trades after proper analysis and with good money management if you have the mind to learn from every trade. After a loss, I stop trading because we become emotionally charged. My usual trading day is the next day. I daily take only 2 to 3 trades.
  10. You should have a good trading plan as a Forex trader. You will always be able to trade confidently with a good trading plan. You will never be able to make good money without good confidence.
  11. One of the most important benefits of a stop-loss order is that it is free to implement. Regular commissions are charged only after the stop-loss price is reached and the stock has to be sold. Stop-loss orders can be considered free insurance policies. A stop-loss order also allows you to make decisions without being influenced by emotions. Stocks tend to enchant people who are not seasoned investors.
  12. High leverage simply allows us to earn bigger profits. A disadvantage of high leverage is that it is also very risky. However, I believe we should use high leverage when we are trading with a small amount of money. Profits can be earned even with little money when we follow this strategy.
  13. The dream of every trader is to become a millionaire by making intelligent bets With a small amount of capital, Forex trading can be a risky proposition It is unlikely to make millions in a short amount of time from reading a small article While profit can accumulate and compound overtime trailer with Small accounts often feel pressured to use large amounts of leverage In order to build up their account quickly, they use excessive disk space.
  14. The importance of investing time in trading education cannot be overstated. Personally, I spend about Four to five hours a day to learn how to trade forex. As a result Your mindset will determine how much education you will need The reason most people think it's an easy way to make profits is because they think it's easy. Everybody Traders need to find a trading style that suits their personality. Regarding If you want to trade successfully, you need to understand the trading philosophy
  15. Demo accounts are available for trading, which is a very good business. This is a great facility for all trader. We can practice without any danger or risk.By practicing in a demo account, we will get Experience ,And we will know about our mistakes.Then we will not make such a mistake in the real account.
  16. Risk management in Forex refers to the planning or strategy a trader determines how and when to take risks in order to maximize profits and minimize losses. The use of stop loss orders and selecting the best lot sizes can help a trader manage his risks more effectively. All Forex traders should be familiar with risk management. Risk management in forex is an easy way to prevent losses.
  17. It's all about dedication passion and curiosity. in my point of view forex trading is uncertainty so we should have another alternative jobs too for alternative income.
  18. If the trading plan is the real tool that creates the edge, then, to become profitable, our success rate should be measured via the correct implementation of the trading plan. And it is the successful implementation of that plan which keeps the Forex trader focused on the sustainable edge.
  19. If we give a good time then we will able to get a good earning this is a very good business in which we working with good planning due to good planning we have good earning and this is a a very big business in which we take a interest with full devotion dedication and interest a good time suspension give a good result so guys my opinion is good time and good planning is very necessary is in this business
  20. Professional trader always said, plan your trade, and trade your plan, its sound easy right? but the hardest part are how to set the right plan? the profitable plan? and to stick discipline to the rules, you need to be patience to learn about this
  21. To become a professional trader, you must learn trading basics and advanced basics. Once these are mastered, you can learn proven strategies and gain experience in implementing them.
  22. I think making your own token in Binance smart chain is easy and you need less investment for it.
  23. In the forex income can only be generated if we have enough required knowledge and skills. If we lack in these things it will be difficult for us to maintain our success ratio.
  24. The Forex technical indicators are statistical measurements focused on a currency pair's exchange rate, value, or open interest that are often used by forex traders. Throughout the stock market, technical traders look at the price of a stock, while forex traders aim also at exchange rate of a currency pair. Exchange rates are used to calculate the bulk of the main forex measures.
  25. Forex is risky incoming business so if you learn and demo trading practice so then this business be easy for you and you also can make profit from here by trading Forex , Forex success is not easy so you have to consciously trade in Forex business .

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