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bigxy

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Everything posted by bigxy

  1. Leverage should be kept low in start because the new traders being unaware of the market conditions may end up blowing their balances as high leverage means high risks as well.
  2. That is a good pick, why not check their support by just giving them a try and getting experience right on one click..
  3. Yeah better to ask their support to save your time rather than assuming self created answers which may not make sense.
  4. I believe that all of the accounts are automatically covered under the FCA regulations IMO..!
  5. According to warren buffet's money management rules are very simple, the first one states.. never loose your money and second never forget rule number one.
  6. Better following the trends rather than going against them, all this comes up with experience however..
  7. USD is one of the reserve currency of the entire globe in my opinion, and every currency becomes popular when it is combined with the USD.
  8. And exactly how can we do that..? Can you please enlighten us more with your wisdom!
  9. I see a lot of brokers recommendations over here however the best suggestion to make notes is that do your own research before choosing any broker.
  10. What i believe is that the leverage can be adjusted through any good platform offered by brokers. New traders should keep the leverage low in start because high leverages can also claim higher damages too..
  11. Indeed, experience comes up with each day which help traders to build up their skills and confidence day by day.
  12. Robots might be good however they cannot beat the manual trading moreover they are usually coded to follow technical analysis so they may require some due monitoring while the highly unpredictable markets.
  13. One single bad trade can kill up to the entire account so it is necessary to cut off losses earlier and taking risks to that extent which we can afford to loose.
  14. Demo accounts are offered by almost every broker with free virtual money to test the broker processes without investing any money with them. Live accounts are where you deposit funds in order to initiate trading.
  15. Brokers have made it easier for every trader these days by providing the required technology needed to initiate trading. MT4 and MT5 are good software which can be accessed through mobile phone or any computer, laptop to trade anywhere accross the globe.
  16. It is good to take one pair and specialise in it rather than goining into too many pairs and getting lost in them..
  17. Actually you are right, there are a few traders which luckily makes some profits by scalping however it is not that easier for everyone i guess.
  18. Yeah that is a sad reality because money make money and we have to invest and take risk in order to get rewards.
  19. How much pips you target every day or weekly..?
  20. Agree to you because these crypto markets are still in their development phases i guess, forex on the other hand is a full fledge market with enough liquidity and popular pairs to trade.
  21. Those who simply goes to live trading obviously loose money and some looses more while chasing their lost money so good to have a demo account for practicing where the traders have nothing to loose or win except they can take experience while trading with the virtual funds.
  22. Signals can be some hard nuts to crack that is why i use to follow economic calendars and news sites to make my own trading decisions and they works most of the time, rest there are few bad trades which i usually use stop loss to cut my losses earlier.
  23. Emotions should be set aside while trading forex and i guess it is better to have a proper trading plan in order to avoid emotions being interrupt your trading.
  24. Experience takes time to come however the traders are required to be very patient while trading and learning from their mistakes. One good way to review mistakes is to go through your trading journal on weekly basis.
  25. Technology advancement is in every related field and with the new blockchain technology i guess there might be some sure solutions in the future, lets see how it goes in future.
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