Dora Wi

There are a lot of online casinos to choose from, regular and crypto ones, too. Just be very careful when choosing and when playing, it is easy to lose a lot of money.

5 hours ago, Michael Butcher said:

I think that many brokers can be unreliable. Therefore, I always adhere to the fact that it is necessary to study all the information about brokers with whom you plan to cooperate. I totally recommend you to visit this site Finarm com, which has a whole bunch of different companies listed. It's pretty convenient and can give you some insights. Read, learn and start!

Some people might be afraid of trading because of the existence of scam brokers, but I think it's more likely that people are simply afraid of losing money, or holding false beliefs about how the market works.

Very true, flexibility and the ability to adapt is key when it comes to trading, and making your own strategy and knowing how to behave within different circumstances is a great way to ensure that flexibility and adaptability.

On 9/19/2021 at 5:33 AM, hel3na471 said:

I have found bunch of useful approaches after visiting your blog and I am truly happy about it. Thank you and keep the greatness coming. 

Thank you very much for your feedback hel3na471, I am glad you find our website useful

Gathering knowledge is essential in becoming a profitable trader. Analysing your previous trades can be a great source of knowledge, you can learn a lot by noticing and improving on your mistakes.

On 8/14/2021 at 5:24 AM, analyst75 said:

Can't one try a non-directional, market-neutral strategy?

 

 

 

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What do you mean by that, can you give an example?

Well said, it's key to have an idea about what you are getting into when you start trading - there are a lot more things to trading than the ability to speculate. It takes a lot of learning and personal development/self-awareness to become a good trader.

By "crypto cards", do you mean debit cards through which you can pay with cryptocurrencies? I've never tried one of those.

Trading on support and resistance levels is a good trading strategy - of course there are many other ways to trade, too, so at the end of the day it comes down to preference and what strategy suits the current state of the market.

On 8/4/2021 at 2:32 PM, Francisco said:

What is a multi-timeframe indicator, and what are its advantage and disadvantage in using them?

It is an indicator that shows traders price action charts across multiple timeframes. This way you can look through several options in one place.

A lot of free courses and tutorials are available when you are a complete beginner and you can gather a lot of information that way, so it might be a better option to try those first.

14 hours ago, bigxy said:

Never go with a live account if you are starter and instead demo trading is a better idea to be traded for at least a minimum of six months before moving to live trading account.

Very true. And also one should be careful when transitioning from demo to real - the only disadvantage of a demo account is that you don't experience emotions related to trading, so it can be a little more difficult to trade on a real account at first.

14 hours ago, bigxy said:

They should then start with a demo account to learn how the forex trading processes work and if they lose while trading demo account they will lose nothing but gain experience because demo accounts comes up with virtual funds.

I agree, demo accounts are a great tool for learning and practicing without the risk. I think every beginner should try using a demo account first.

14 hours ago, bigxy said:

Regulations plus reputations also matters because we never know when even a regulated broker turned into scam like some past examples of the past.

Yes, unfortunately this can happen.  Some people who trade with large amounts of money use several brokers at a time and place the same trades with copy trading software so that their entire capital doesn't depend on just one broker.

Good trading education is indeed very important. Adequate learning and practice is one of the most essential things to ensure that you become a successful trader or investor.

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On 7/15/2020 at 2:04 PM, Jessie Chandra said:

Earning profit from this risky market is not an easy task. Most of the traders lose their money in Forex market everyday.  If you want to earn money from this market you need to be very experienced and educated. On the other hand you need a regulated broker which can help you to make strategy and make plans to make profit from this market.I am also a trader.

[...]

You are right, correct education, practice and a regulated broker are all important components of profitable trading. One of the most important tactics that people sometimes overlook is risk management. Using risk management can protect you from a lot of unnecessary losses.

Tracking your trading process and results is a really good idea. Recognizing possible mistakes or suboptimal moves and improving them or learning from them can be a very beneficial method.

It's definitely important for beginners to educate themselves, and you are right, there are many opportunities available for that nowadays. Online courses, ebooks and tutorials are all things that can be found for free.

It's safest to choose from top exchanges. CoinMarketCap has a list of crypto exchanges arranged by size. For example, Binance and Coinbase could be good choices. But the right choice also depends on the cryptos you want to use, different exchanges have different selections.

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16 hours ago, gds221 said:

I was always surprised that people want to know unnecessary information. In my opinion, this is also one of the types of such information.

I think the original post poses a good question. Knowing where a broker's income comes from can be useful information, because there are brokers such as bucket shops and binary options where the broker has a conflict of interest with the customer, and those are important to avoid.

I think if you feel like you couldn't hit the quota needed to get a bonus with your regular trading activity, you shouldn't try to trade more or put more money in for the sake of it. The downside of bonuses is that they can encourage overtrading.

I think this just depends on your goals and preferences. If you only trade major pairs for example, it's not that important to have the opportunity to trade with a lot of pairs.

You are right, ECN brokers are the best choice. You should also beware binary options because in binary option trading the broker also has a conflict of interest with you, profiting off your losses and not so much from your wins.