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Myra Wilson

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Everything posted by Myra Wilson

  1. Forex is not easy to win. Forex need knowledge and experience to make consistent profit from the market. New trader often lose money in the market. So, trader should spend more time demo practicing. It is the best way to learn forex market. Almost all broker like Eurotrader provide free demo account. You can get the demo account by opening an account with the broker.
  2. The price of a currency is constantly changing and there are many complex factors that influence it. Currencies are not directly regulated by governments or banks, and what governments usually try to do is affect rates. So, learn first about the market then trade. Most of the brokers provide a free demo account. So, practice trading as much as possible.
  3. Spread is a common fee for forex trading which charge the broker. Spread is the difference between the bid price and the ask price of a currency pair. Currency pairs with wide spreads will take longer to make a profit. Low spread like 0.1 pips in Eurotrader is preferred by many Forex traders because it allows them to profit more quickly.
  4. Forex Market is a place where you can trade currencies. Forex is simply the process of exchanging one currency for another. You can trade currency in the forex market to make money. However, in trading, you have to know about the Forex market including risks, spreads, trading strategies, etc. Eurotrader ebook helps me a lot to learn about the forex market and trading. It's been 2 years since I am trading in the forex market.
  5. Every investment market has its own risk. But there is risk management strategy which help you to minimize risk. So, every trader should know about the risk and learn risk management before start investing. My broker Eurotrader ebook help me lot to learn risk management strategy in my trading career. It is been two years and I am still surviving in this market.
  6. World currencies are traded in the forex market. While selecting the currencies to trade, you will see that these currencies are paired like EURUSD, GBPUSD. Also, currency pairs fall into three categories Major, Cross, Exotics. Major pairs are more popular than other pairs. I recommend new traders to trade major pairs. My broker Eurotrader offer low and tight spreads in major pair. Many traders are reluctant to focus on analysis in the world today, but it's important to at least understand the essential functions of analysis. You need to understand what the market is thinking and how to manage risk with sentiment. I recommend new trader to learn first without investing money. Eurotrader offer free educational resources for all kind of trader.
  7. There is a lot of successful and prestigious Forex trader who wasn't financially educated but become a professional trader by learning. Traders make mistakes and learn from them. There are both profitable and losing trades in one’s trading life. Traders should be able to create a consistency that most traders are struggling with. Eurotrader ebook gives me the best learning guide in my career.
  8. Day trading and scalping and is the most common trading strategy in the market. Both trading strategy will open and close trading sessions within the timeline of the current trading session. Both are popular among new traders. New trader finds those easy to adopt and make money. However, not all broker supports this kind of strategy.
  9. The Forex market is the most liquid and largest financial market in the world compared to other markets. Open 24 hours a day, you can easily trade-in different time zones around the world. Part-time traders are now aware of the unique opportunities presented by the pandemic and are spending more time trading online. Together, it increases overall trading activity. A demo account is the best way to start. I also start with a demo account in Eurotrader.
  10. Forex is the best investment market. However, changes in economic conditions around the world are likely to affect the FX market in the future, and it is expected that the current volatility of pandemic will continue for a long period of time. If you have the knowledge you can take advantage of this volatile market. I also trading in the forex market with Eurotrader. They give the best spreads in this volatile market
  11. Forex is the one of the most popular investment markets in the world. To start forex trading is easy. You only need internet. However, making profit from it is kind of hard. Trader need to about market and how as well what drive the price movement. In that part, my broker Eurotrader ebook help me lot to learn. So, learn first then go for real investment.
  12. Making profit from forex market is easy. However, making consistent profit is hard to archive. Forex trader need knowledge and skill to do that. So, trader should focus on gathering knowledge rather than money. If you have enough knowledge you can earn money from forex market. My broker Eurotrader ebook help me to gain knowledge. Their education resources helpful for new to expert traders.
  13. Every person has emotion. Traders are not different. However, emotion harm traders’ decision-making process. So, trader should avoid any kind of emotion manipulate their trading plan. It is hard. But with practice and disciple trader can manage that. As for me Eurotrader ebook give best resource to learn and control my emotion in trading. I am very happy to trade with them.
  14. Control the greed is better and it is also tough especially for the new trader. A demo account is the best to learn however, it does not teach you how to control your emotion in trading. When trader trade comes to the real investment they start to feel the emotion that clouds their decision. I am a trader too. I am trading with Eurotrader. They give me the best tips to control my emotion.
  15. Proper knowledge and trading strategy are needed to make profit in forex trading. Forex is easy but making profit is hard. So, trader should learn about the market before investing money in the trading. I am trading with Eurotrader. Their ebook help me lot to learn about trading. I am still surviving in the market for 2 year long. I won’t say its easy. But I am still learning.
  16. Control your emotions, even if you have the best trading methods in the world, even if you can find great Forex trading opportunities with properly applied money management techniques. If you can't follow your trading plan, you won't succeed. My broker Eurotrader education resources help me to understand trading psychology in the forex market.
  17. Learn how to become a profitable Forex trader is based on your ability to develop proven and profitable trading strategies over time. However, if you do not understand, you will not be able to properly implement this trading method, control your risk and capital in forex trading must be an important component of your trading strategy. I am trading with Eurotrader. Proper money and risk management must be applied in every trade.
  18. There are lot of broker in the market. However, I recommend to choose a broker with good review and rating. I choose to trade with Eurotrader. It gives low and tight spreads, high leverage. Their trading platform are good to use. Their fast deposit and withdraw amuse me most. They provide MT4 and MT5 trading platform which are the best platform in the world.
  19. Forex is a largest decentralized market. There are lot opportunities to make money as well as losing. It is also a risky market. Without proper knowledge, it is difficult to earn money. 95% of forex trader are failing and losing money I the market. So, trader should learn first and then invest. Demo account is best way to learn. Almost all broker like Eurotrader provide free and unlimited demo account.
  20. Traders can learn many things from demo. Actually, it is the best place for learning trading. Trader learn about trading platform and broker condition like spreads, leverage, slippage, execution speed in demo account without losing account. Eurotrader provide free demo account. If you make a small mistake in real account it will cost you money. So, there no place for mistake in real account. So, learn in demo account and then invest in real account.
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