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David Meyers

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Everything posted by David Meyers

  1. Forex trading is not easy. Trader need skill to achieve success in forex trading. However, trader can easily develop skill in demo practice. Almost all broker like Eurotrader provide free demo account to all kind of trader. New trader must practice in demo account first. But even expert can use demo account to test or improve their skill and strategy.
  2. Forex is an online trading market. Anyone can trade in forex with a broker. However, trader also needed a good broker to ensure their survival in the trading market. Broker is most essential aspect of trading. Thats why I am trading with Eurotrader. The broker is regulated and licensed. It offers forex and CFDs trading services to all kind of trader.
  3. Forex trading become so much popular in 2020 due to covid-19. Lockdown make people to look for the opportunity to make money in online. Fore is the best place for that. However, trader need skill and knowledge to be a better trader. Also, a good broker is essential. That’s why I am trading with Eurotrader. The broker is regulated and licensed in the market.
  4. Anyone can make mistake even trader. However, trader should keep mind that they can repeat same mistake twice. Trader should learn from his/her mistake. First find your mistake. Trading journal is helpful to identify that. My broker Eurotrader monthly statement is help me lot to my journal. Try to overcome your mistake and never repeat it. Mistake is a good thing if you learn from it.
  5. Confidence is good for any trader in forex market. If you are wining you can build confidence. But do not be overconfidence. Don’t increase your lot size for the confidence you have. Follow your trading plan. Don’t change your decision based on your emotion. You may end up losing money. Sometime I repeat Eurotrader educational course to build up my confidence.
  6. Sometime trading is stressful. It is common. So, do not be disappointed. Have patience. Try to clear your mind before go to trade. Meditation is helpful to relieve stress. I always take rest or break from trading if I feel stress or having doubtful mind. I try to gain some knowledge from Eurotrader ebook during that time.
  7. Leverage is a good facility especially in forex market. Many people trade in forex with small capital because almost all broker like Eurotrader provide high leverage. Trader can make high profit with low capital due to leverage facility. However, leverage contain certain risk. With high leverage you can lose your whole capital overnight. So, use leverage caution. Don’t use it without proper risk management.
  8. Forex is the best way to make money in online. In 2020, many people are looking for online sources due to lockdown. That’s why trading activity also increase in this year. However, forex trading isn’t easy. Trader need knowledge and skill to be successful in this sector. Trader also need good broker to give them best guidelines. As for me, Eurotrader are giving best guide during my 3 years trading journey.
  9. Forex is still a very fluid and volatile market. A trader may have doubled his money in a year. This is a great result for all traders and may require a lot of effort. Knowledge and skill are the most effective method to become successful. That’s why I am taking an educational course from Eurotrader which is free. So, a new trader should focus on knowledge.
  10. I recommend Eurotrader. It is a good retail broker. It offers forex and CFDs trading services. I am trading them since 2016. Its educational resources are also helpful to all kind of trader. It offers 5ttypes of account including swap free account. If you want to trade with low capital you start trading with only $50 in its micro account. It also offers 1:500 leverage.
  11. Forex trader need broker to trade. Broker is an essential part which all trader needs. There are many different kinds of broker in the market. I am currently trading with Eurotrader. It is regulated and licensed broker in the market. The broker offer forex, CFDs and crypto trading services to fulfill all kind of traders need. It also offers low spreads and high leverage.
  12. Some Forex brokers offer trading services with a deposit of $ 50 like Eurotrader. However, it's still smarter to start with a minimum of $ 100. And this is to ensure that traders do not take too much risk. It is possible to trade Forex safely starting with an initial deposit of $ 100 if traders are day trading, scalping, or swing trading what I am doing.
  13. Leverage is the most lucrative offer in forex trading. However, it is better to trade with only the capital you have accumulated in your account without any leverage. It can reduce your profits, but it also prevents you from losing more than you can afford. However, I recommend using low leverage if you are a newbie. Eurotrader offers a flexible range of leverage which is suitable for all kinds of traders.
  14. Understand the market and price action are important in trading. A bull market is a condition of a market where prices are rising continuously. trades bring money at any price they buy a currency or asset, as prices usually continue to rise. A bear market is an opposite. It is difficult to reliably predict when market trends are likely to change. That’s why knowledge and experience are important. Thankfully, my broker Eurotrader enhances my knowledge.
  15. Market trends are the obvious trends in financial markets that move in a particular direction over time. These patterns are organized as ordinary in the high time frame, primary in the medium time frame, and secondary in the short time frame. Traders strive to use technical analysis to recognize market patterns. Regarding this matter my broker Eurotrader educational course helps me a lot to understand the concept.
  16. Forex trading is risky business. I think all will agree with that statement. However, you can control risk with proper risk management. So, trader should learn about that and use it all time. Never trader without risk management. I learn about risk management in free educational course which Eurotrader provide to its client. I learnt almost all about trading from that educational courses.
  17. In forex trading, different between ask and bid or buy and sell price called spreads. It is charge of broker which have to pay trader for trading. Spreads varies broker to broker and currency to currency. However, some trading strategy like scalping need low spreads for trading. Spreads can make huge different in short time trading strategy. Especially scalper always look for low spreads broker like Eurotrader.
  18. Many traders come to the market thinking become rich overnight. They come to their sense after losing lot of money. So, trader should set a realistic goal in their plan which they can achieve and try hard for it. Broker plays important role in this kind of situation. Broker spreads, leverage impact trading plan greatly. So, chose broker according to your trading preference. As for me I chose to trading with Eurotrader.
  19. Forex is a risky market. New trader often lose money in this market. I recommend to use demo account first which Eurotrader provide it for free to any kind of trader. Demo account help you to learn about trading platform and broker. Trader can also test their trading strategy without losing any money. If new trader invests in real account without demo practicing, there is a high possibility to lose the whole capital.
  20. Forex is one the riskiest market in the world. I think leverage make it risker. Almost all broker like Eurotrader provide high leverage in the market. So, without proper risk management, using high leverage is kind of dangerous. Trader may lose their whole capital with couple of losing trades. So, learn about proper risk management is essential in the market.
  21. Fear is a human nature. It is hard to avoid. Traders often suffer most due to fear of losing money. As a result, they make mistake in their decision making. Loss is unavoidable. However, trader should not use the money what they cannot afford to loss. Try small investment first. I also started with only $50 capital in Eurotrader. After making good profit for couple of months I invested big money.
  22. The trader can make a profit from the rise and fall price. Forex trading has both bid and asks prices. The bid price is the price you want to buy the currency, and the ask price is the price you want to sell the currency. Unlike stock, you don’t have to wait for fall prices. You can buy and sell a currency pair in a second with Eurotrader fast execution speed and make a profit.
  23. Forex trading involves currency pairs. A currency pair is the quote of the currency of two countries combined for trading like EURUSD, GBPUSD. Currency pairs are valued against each other. The trader buys and sells currency pairs to make a profit. I only trade in EURUSD and GBPUSD. However, my broker Eurotrader provide lowest spreads in all major currency pair.
  24. Risk management is indispensable for trading. Before you make a trade entry, you need to calculate the lot size and the amount of risk you can afford. Don’t invest what you cannot afford to lose. So, it is wise to start with small capital. I also started my trading with only $50 in Eurotrader. But, most brokers required a minimum $100 initial deposit.
  25. Most of the newcomers come to the market hoping to get rich in overnight. However, in reality, they never accomplish that dream. On the other hand, they lose all their money n trading. So, don’t come to the market with thought. Try learn about trading then go the real trading. I always recommend to demo practice first. Eurotrader offer demo account for free.
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