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Upoctin

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Everything posted by Upoctin

  1. I think a good trading plan combined with sufficient knowledge leads to more profitable results.
  2. There are no real repercussions and no emotional commitment. As a result, there is no danger in demo trading.
  3. First, of course, you'll need to find a Forex broker. All retail Forex trading goes through, and is managed by, a brokerage. Some may be specialized Forex brokers, or they might be the same brokerage you use for stock market investing and trading.
  4. Forex trading can be successful with planning and hard work. Whenever you do any work, you should plan it first When you don't plan, you'll be able to do that work better and can also do that work well And according to their time, they will be able to do that work very soon Therefore, no matter what we do, we should first plan it
  5. Rethink about your trading plan, strategy and again try to learn forex before start again. It will help.
  6. The forex market is the world's largest financial market where trillions are traded daily. It is the most liquid among all the markets in the financial world.
  7. What is important is that traders know how much money they can lose. Trading successfully requires knowledge, but without knowledge, you are gambling. Free knowledge can be found on the internet, or you can buy books to learn from.
  8. Risk management is very important factor of forex trading and if you will jump into real trading it will help you.
  9. Plan, discipline and mindset is important for trading. Without them, even a good strategy can not save a trader from losing.
  10. A trading plan, discipline, and mindset are essential. The best strategy won't save a trader from losing if they don't have them.
  11. Always pay for robots and buy a reliable and working robot.
  12. Scalpers are forex traders who accumulate a small amount of profit (5-10 pip scale) using a strategy of opening and closing positions daily and repeatedly. This type of trading is also known as "scalping". Instead of opening two to four open positions in one day like a day trader, a good trader usually tries to achieve the default profit target. Positions are usually opened tens of times per day.
  13. Yes sir there is no substitute for hard work whether in Forex trading business or in other parts of life so we must concentrate on performing hard work in learning this Forex trading business and on practice on demo account to gain a lot of trading experiences so that we can become a successful trader one day and build up our career in this business.
  14. Trading with real money tends to help us learn faster than using a demo account to learn. In spite of that, we should practice with demo accounts as beginners to avoid exposing our real capital to the risk of high losses. No one can argue the importance of using a demo account before entering the real market... In terms of regulation and how to use, there is no difference between the two... There is only one difference between fake money and real money. The difference is in the way you trade.
  15. Understanding The Easiest Way To Trade Forex is one of the most important things you need to create a profitable trading career. That is why in this video I want to share with you what I consider to be the ultimate technical analysis strategy.
  16. Yes! Emotions play a very important role in forex trading. Positive emotions help you stay in the game for a longer run while negative emotions like fear and greed can easily ruin your trades.
  17. Lack of knowledge is very dangerous and you never be a successful trader if you have lack in knowledge so complete your learning process and then start trading.
  18. I think there are many brokers who offer demo account and demo trading opportunity for newcomers for practice. Do your own research and start demo trading with your broker.
  19. Emotions is very common things in trading life , in spite of having good experience sometimes we fail to control it , its a common nature
  20. Although forex is not a quick rich program but you still make good and consistent money with a good plan, money management and risk management.
  21. Forex is a great way of making money online and we can only become a successful trader if we have a good knowledge and skills.
  22. You will never waste your knowledge. It will pay off sooner or later. The same goes for forex trading. When you have forex trading education, you will become a more proficient and experienced trader on the foreign exchange market. Without sufficient knowledge and education, trading in forex is pointless. With more knowledge of forex trading activities, trends, strategies, and tactics, you will be able to capture the market and be a successful businessman.
  23. For new traders, placing a stop loss can be a bit confusing at first, but as soon as they understand it, it can be a lifesaver.
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