Not always profitable and not everyone will become successful. But then, it is indeed better than other businesses because, we can control of the risk that we can decide for lower risks or high risks depends on our goals or aim in Forex. And for me, to have low risk is to have low investments.
Apparently, impatient traders will never come up with a good analysis or trading decisions. They will be easily think of their trades and will not be careful in many factors. A good trader always have lots of patience about the market, waiting for the right time they will place their trades.
Yes, of course, we don't do have mistakes intentionally that's no point at all. What we have looking for is our real mistakes that we know as part of ourselves or reason of losses to prevent in our future trading those mistakes again. This way we can improve or prepare ourselves for those times.
Apparently, we can't test our strategy when we don't have demo trading or practice area. Then, we will also have the importance of it for our trading strategy and learning the Forex basics. Demo is not limited and will be stopped and only focus in real but we will continuously using it until we...
Obviously, I have bad habit of being excited and overconfident in my trades. This is difficult to manage when you see you are winning and also consistently making profits. But then, when I have those traits then, I might be overlooked something or lose my concentration in trading.
Indeed. Political events are obviously the most influential in the market. Think also of there are the election day or have the most important events in the government. While, we know that this is a great advantage for the fundamental analysis but also we should be careful as those events can...
I have to agree that everyone will experience their own mistakes and that it will be our way to find out why we are making losses. This can also mean that we can seek for our weaknesses and try to make it as our strength and to become profitable to try harder and better trader in Forex.
There are many ways to learn in Forex and that will be readily available online. Mostly there are those online communities that have discussions about their trading experience and knowledge in the market. While, still trading in the platform or actual trading is the best way to have learn Forex...
A trader can lose if they don't have experience about the market. And that they don't have knowledge about the simple maths, comprehension and analysis. Also, if they are emotional when they trade like fear and greed always triggered when they trade which is not a good thing.
Not only limited to part time but also can be full time depends on our trading goals and target profits.. While, the traders will need to think that they will need to spend good time to understand the Forex market and to have able to trade properly and profitably. Although, never think of Forex...
You have the option here to disable that IP verification in their settings. I just feel safer to have enable it because, I know that there's chance to have attempts as there are many phishing attempts in PM as well. Thus, it's better for me and get used to it to have that code enter every time I...
It's because of the Paypal fees not really about the broker and the broker can't do something about it to lower the fees or none at all. Just we accept that because Forex is a business and risky then, Paypal agreed for huge fees there just like charging a business type paypal account.
I'm not really fan of having here Forex books because, I can easily find here resources online that we can have easily find it for free and that we can search faster for what we need. Also, that what is limited to books can be found online and those discussions, video tutorials. But others still...
Apparently, the traders will have choice for the quality education or to learn from their research or resources which they are readily available online. And also that the traders can learn from online communities that they can accumulate capital as well from their incentives or bonuses.
Indeed. If we able to make profits without much risk and losses then, we will be earning good and profitable. Just then, the traders will eventually have the problem with their selves or in other factors because, we are not perfect and has chance to fail as well. It will be good business...
Actually, this depends on our trading goals if we wanted to have small profits or high because when we have low profit target we will have low risk in trading while high risks when we have huge profits target. There's nothing better in having low or high profits but it's how become profitable...
Indeed. The traders will have the losses or failures. We can expect here that a trader will have the reasons of their losses. Mostly traders blame it for their inexperience in Forex market and that they lack of knowledge on how to analyze the market and to have risk management.
Well, the traders will eventually good for those who have interest in investments. But for those who have difficulty in accepting risks then, they should tend to not have Forex trading or any business they should just stick in the regular job or low risk. While, I don't that physical aspect here...
Professional or novice traders are bound to have losses in Forex trading. You will expect or experience to have losing trades also to have failure. Although, in the end a good trader can still be profitable despite that they will losses or mistakes. That is Forex we will have profit and loss in...
They have the system for the IP when it comes that we've changed an IP address then, we will have email verification while if different country IP I'm not sure if that will be good. I don't prefer to verify my PM account as of this moment because, I don't usually have huge funds and business online.