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bearhugs

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Everything posted by bearhugs

  1. Due to liquidity present in the currency trading market, it’s good to trade in the forex market with considerable leverage. Increasing your leverage works if you have either a high win percentage of your trades or you have a lower winning percentage.
  2. Any person who is reasy to survive the market risk, is able to survive the trading effects. No one is master in trading and no one is going to be. You have to gain experience for trading and develop skills so that you can make a good profit.
  3. Right, Loss is part of this business. If you have not face the loss then you have not yet traded the risky market. You need to understand that Forex is risky and the market can move in any direction at any time.
  4. Forex Bonus is one type of motivating force that Forex Dealers offer to brokers to add to their underlying store. Yet, a few broker make the reward framework dreary by asking for extra data and archives before giving out rewards to dealers.
  5. In the first place, there's no alternate way. Either focus on burning through many hours creating proficient aptitudes or don't start by any means. On the off chance that it was simple, we'd all be tycoons.
  6. In order to break the barrier to become successful at trading, there is a set of skills that each individual trader must master in order to be successful. If you focus on the strategy before learning discipline you will have a strategy, that you’re not trading properly.
  7. In forex, trading profit is not counted on a daily basis.It is at the end of the month you calculate your profit. Because, daily you are not going to gain, your loss could be more on a particular day.
  8. Traders and investors must always have a gameplan in order to succeed in online trading. It’s necessary for all traders and investors to always know their next move before they even completed the previous one so as to be able to estimate.
  9. In FOREX you are trading substantial sums of money, and there is always a possibility that a trade will go against you. There are several trading tools that can minimize your risk, yes, but eliminate it, no.
  10. How can it be a good leverage for trader, 1:3000 is surely really high and broker must bear capital which you have now. For avoiding risk, actually, I have been using 1:100 leverage from my first day of trading.
  11. The main reason not to take a forex broker bonus is that it’ll likely lead to withdrawal issues. There may be some bonuses out there that are good, with minimal strings attached. Such forex broker bonuses are rare.
  12. It is possible to profit if you employ a strategy and follow tight discipline. Everyone started out without experience, and it does take hard work. That’s how all of us started.
  13. Both these trading methods have their pros and cons and traders need to choose carefully based on their experience level and market understanding. Forex options have been prevailing for a long time and binary options are relatively new with a lot of scam brokers existing in the market.
  14. Placing profit targets and exiting trades is perhaps the most technically and emotionally difficult aspect of trading. The trick is to exit a trade when you’re up a respectable profit, rather than waiting for the market to come crashing back to you and exiting out of fear.
  15. A demo account is a live simulation. So it mimics live prices very closely. They do have a slight difference at some points in price as well. Overall, trading in a demo account offers a great service to novices that would otherwise have to learn using, and probably losing, real money.
  16. Forex trading can be very profitable as it carries a substantial amount of risk. What you should always remember is: While high-risk investments can bring you significant gains, they can also bring you tremendous losses.
  17. Let's be honest here, hardworking is not everything when it comes to success, for you to be successful in Forex you must study smart and consistently and also practice consistently to improve your chances of success.
  18. Leverage allows you to control an amount like 100,000 with a small amount like $500. In forex, It’s necessary to choose the low leverage trading account which is best suited as per your knowledge level.
  19. Higher volatility provides greater variability to make trades around. But to achieve these kinds of profitable price swings with a classic currency pair, you would have to lever your trade up substantially, which costs you interest.
  20. Because emotional discipline is so hard to achieve. We are all human, and not many are good at managing expectation, our egos, and keeping low outcome independence. Some people are never able to overcome these emotions and so they hold onto losing trades hoping it will turn around.
  21. Forex is about one of the riskiest businesses around. A lot of people have a misconception about it been a get-rich-quick scheme. Forex is a very volatile market. Within a second, the price could move hundreds of pips. If you are not on the right trend, you'll definitely lose the trade.
  22. Forex is not gambling at all. In Forex, we are investing our money into an event with the certain outcome with the primary intent of winning additional money. And this can happen and work with numerous technical analysis or fundamental analysis.
  23. How can you succeed in trading Forex if you have no experience trading? Trading Forex without experience is a Fairy Tale and if someone tells you that you can, that’s a Sea Story. Everyone started out without experience, and it does take hard work.
  24. Skills and knowledge are needed to be successful and make money; technical skills, strategic planning, tactical decision making, and communication skills plus self-awareness and awareness of others are all needed to get to the higher levels of success.
  25. Leverage allows you to control an amount like 100,000 with a small amount like $500.Basically, leverage in regular trading terms means money borrowed from the broker. Leverage is expressed as a ratio and is based on the margin requirements imposed by your broker.
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