Dora Wi

I usually prefer to trade with older exchanges that have some history and a good reputation. Sometimes it can be hard to know what to trust.

Blockchain technology certainly has many potential use cases even outside of the creation of cryptocurrencies. I believe it will play a big role in all kinds of data storage and protection in the future.

I agree it is not just about money. It is also about developing your abilities and your mentality and learning a lot.

Sounds like good common sense advice. Especially the tip of embracing your losses - bad experiences should be a ground for learning from your mistakes, instead of doing something rash like revenge trading.

Definitely, the details of your strategy is important. But I like that the original poster also highlighted the importance of trading psychology. Your strategy is as good as your ability to stick to it: if you let fear or greed deter you, that can be very damaging.

Definitely, the stories are mixed, some people have success with robots, some other times they run into systems that don't work. Manual trading offers you more control over your trading decisions.

You are right, money is always the main motivator on the surface, but it is great if you focus on other aspects of trading and have different goals. For example, in a way I like how there is always room for improvement, because becoming a good trader takes a lot of personal improvement, not just knowledge related to the markets.

A good thing about forex trading is that you can take advantage of pretty much all kinds of market movements and volatility if you choose a strategy that is suitable for the circumstances.

I agree, without proper learning, you set yourself up for failure. Apart from this, if you think you have sufficient knowledge but you are still not doing well, also look into trading psychology - sometimes it's our emotions that derail progress, and that shouldn't be ignored, either.

I don't think there is a "best time" for it - it depends on you. You should start live trading after you have learnt the basics of trading and you are good enough to make consistent "profits" on a demo account. Just be careful when switching from demo to live because it can be a bit more difficult.

Hi! What are the system requirements to be successful at mining like this? Is it harmful for the device?

Definitely, you should do a lot of research on brokers before you decide to choose one of them. How trustworthy a broker is and how they offer their services is important to consider.

I don't think any of these analysis types is better than the other. Fundamental and technical analysis are best when used together, because they simply have a different purpose. Even though it is possible to only use one of them, if you use both, you can get really good at spotting trends and building a good strategy.

I haven't heard of this wallet before. What makes it better than other wallets out there?

You can find some recommendations on the official Wordpress site - they are currently recommending Bluehost, DreamHost and SiteGround. It's probably safest to go with one of these.

It is wise to be cautious about robots. They are not a shortcut for learning the basics of trading - you have the best chances with a robot if you have the ability to code and thus modify robots to really suit your needs and the market conditions. It's also important to never use a robot made by someone else without testing it first.

Yes, and apart from the money aspect, it is also a very interesting and challenging market. It's great for people who understand or wish to understand how the strength of currencies relate to the economy and different events around the world.

You are right, demo trading is the only thing where you can try out your trading abilities and strategies without risks. It's a great tool both for beginners who need to learn and for pros who wish to try a new strategy.

You can indeed start whenever you want, just make sure you don't underestimate the difficulty of trading. If you like to manage your own time and to work independently, it is a great way to make some income.

This is a good attitude to have, don't invest what you can't afford to lose, and also to do well, it is a lifetime of learning from your mistakes and adapting to the current situation.

Forex is a very versatile market with a lot of options to choose from, and I like that.

If you want to make sure the broker you are choosing is not a scam, check how it is regulated and what it's reputation is like. These can spare you a lot of problems.

I've never used a broker for buying cryptocurrencies, I use exchanges for that.

That's right, putting in effort is something we can't avoid. Sometimes people try to. But hard work is what pays off in the long run.

Yes, definitely!