I think it will be difficult if you don't have experience and you can't really visualize those experience or their situation when trading. All we can have is our own experience that we may relate to them in some ways and also that it will never be easy to reach the top.
Every strategy and trading in Forex will be risky so, there's no difference after all, you will need to decide for the convenient strategy you are going to use which you think you will gain profits. Novice traders will most likely wanted to have quick gains so, they will try scalping.
Well, I can say that Stop loss and take profit should be used simultaneously. It's like we are doing automatic traders but this will be optional. Also, when they lack of time to monitor their positions they can implement their targets already so they will just wait for the trading result.
Well, I can say that we can trade in Forex in order to gain profits which this business is risky but the limit in our earnings or revenue will be none. And we can have control also in our strategy, investments, risks and the target we will be aiming.
I would say that its really tempting to be giving up when you lost a lot of hard earned money. But then, because, you made investments and accept the risk then, you should have done to not give up easily. And if you are new it will be normal to not have gains that you are targeting.
I think its easy to say of fully satisfied but in reality that's difficult to accept. Just like Forex once we gain profit, we will not be contented and rather going to have more capital and more likely to have more earnings if possible.
I don't think easy means here of gaining profits but rather its the offer of the brokers you pertain that you will have what you will need to trade such as the trading platform and of course, the trading accounts that you need to provide.
I think that all of the traders should do demo trading they don't become ready or prepared with the market conditions if they aren't going to have their strategy and skills tested. They will need to learn how important to trade with the basic idea at least.
We should better use of putting take profit and stop loss if we can't wait or manually close our positions. Since, we can't wait for long time as we may have reached margin call. Thus, its up to us if we will use this method for our trades to be closed.
I don't think you will have stability in Forex but rather to have good profits which means that you can have losses sometimes but not often because, its not profitable and I think you should not quit your job.
Because, H4 time frame will be for long term thus, you will have high target pips such as 100+ pips target since its good for that view and your long term plan of trading. While, for short term best is to have M15 whichever they are convenient to use.
Apparently, mobile trading is available which means that phones that are capable for the trading platform will be possible to trade such as smartphones and android. And also we know that the brokers have different versions of it for mobile.
Bitcoin has been popular for years now. And before I only remembered it valued was 10 dollars per 1 bitcoin but now it's as high as 800 dollars. But then, we don't know if this will be increasing to 1k. While, I think brokers are using this digital currency.
I think that we can't rely that they are saying they have something to do with the Forex trading with their HYIP business. And we need to still stick that HYIP will soon turn to scam after they have gathered or lost but I think it will be always gain for those programs.
It's apparent that the newbies will expect to have not achieved their profitable trading. They are going to have losses because of their knowledge and experience which they lack. Still, even in other business will be the same to the newbies.
For me, it will be the best to have test those first. Yet, we will find that there's no difference in making profits in any of short term or long term. Just then, it's the margin and target pips we have differently.
We should learn ourselves to understand our emotions what it can affect in our trading or to know our mood when we either win or lose in our trades. We can say that those negative emotions are usually prevail when we have our losses.
It's not about Forex basics only that you just read and you know already how to properly trade in the market. It takes time and practice in the trading platform to know really how to analyze and decide in trading. It can be online available but actually it's difficult to have learn offline as...
Not all the time or in any strategy category. You can have here strategy specifically for long term or short term. We can't combine those strategies in one because, they will not be appropriate. And also think about a strategy will always have the purpose or function that can't be the same in...
Indeed. That's why we need to know when the newbie trader will make profit if that is undetermined and will always vary with the different factors like if the trader is quick learner or to have many time to spend in trading and their determination to be a good trader or gain profits.