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Dora Wi

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About Dora Wi

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    Money Maker
  • Birthday 01/01/1980

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  1. In my experience you have to be careful with trading signals - some people seem to think it is a shortcut which allows you to skip the learning and practicing duties of trading, but in reality, you still need sound knowledge if you want to make use of signals. Also, we always have to be careful to make sure it's trustworthy, I've seen some pretty useless trading signal services.
  2. You're right, how much leverage you take should depend on how much experience you have. It's especially necessary to have good risk management practices under your sleeve.
  3. It's a good way to earn money but it won't be the best option for everybody. It is a difficult thing to do and not everyone is able to tolerate the risks that come with it. But it has definitely become an even more popular option since the pandemic started.
  4. Education and practice are indeed very very important when it comes to trading. I don't really agree with this - if you try trading without any prior knowledge, that's not trading, but more like gambling, because you have a very very small chance of winning if you don't know what you are doing.
  5. Yes, having a broker is one of the most basic requirements of trading. Online brokers are usually available to everyone around the world, and it's great indeed if we can choose one that can provide us with a demo account. Without practice, it is very risky to start trading.
  6. Low spreads are definitely good, but we should also pay attention to commissions because those can also be high in some cases.
  7. That's true, but in my experience we need more than just a good trading plan. Our adherence to the trading plan is also very important, and we need to learn about trading psychology and work on our emotional health to achieve that.
  8. I like both of them. I think it really depends on a person's preferences and trading style.
  9. Starting to trade thinking it is easy is a straight road to losing money. We have to have realistic expectations and put in the time and effort needed to learn, otherwise we will just end up gambling.
  10. I agree. People blaming the market in general is something I often see. I guess it's easier to blame something you can't control than admit you haven't done your best. But in reality, with learning about trading, practicing a lot and being aware of trading psychology it is possible to become consistent.
  11. That sounds a little harsh 😄 I think nothing is wrong with you if you feel stress. It's part of the human condition. That said, there is something wrong if you don't deal with that stress - if you let it affect your trading process or let it get so bad it affects your personal life. This is why I think all traders and investors should learn about trading psychology, and find ways to improve themselves and cope with stress on a daily basis.
  12. I don't think it's a dumb question to ask about conditions, OP might have meant the requirements of signing up such as what kind of verifications are needed, etc.
  13. I think it looks like a trustworthy coin. One thing that makes me a little wary is that it is a privacy coin, which I think is a good thing, but from what I have seen sometimes coins like this receive more legal scrutiny.
  14. I haven't had a mac before, but I have been debating the same thing for some time so I'll share my thought process. I think the first thing you should look at is what you would use it for mainly. For example, if you are a big gamer a pc might be better. But if you would use it for work, a Mac might be a good choice because it is usually lighter and more easily portable than most PC's with a similar performance and price category. If you have any software preferences, you should consider that too - if you are for some reason a fan of the Microsoft Office suite or something similar, you are prob
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