Search results

You cannot expect more than you deserve because it will learn you to greed. If you trade with greed or emotion, you will lose because you will be expecting huge money from forex which is not good. A trader should be okay with the profit he or she is making from forex if it is the same thing with...

Traders will run away from trading in gold because of the high spread fee. Gold is also a long term investment that needs a big trading capital and this will make some traders not to invest in it. Even big gold investors like Warren buffet is saying he will try to sell of part if his gold...

Planning is part of trading. If a trader is not having a good trading strategy, he or she will not trade better. If he or she is the type of trader that will not prepare to analyze how to trade before trading, there will be failure along the way because of non tested strategy.

If a trader is feeling tired, I'm sure the trader will not want to trade because of the tiredness. It is better that he or she will take a break so tto avoid making of too much mistake in the analysis if the market. Tiredness will mean that the trader will start to be losing concentration when...

We can avoid loss in here when we are having the knowledge to trade. When a trader has knowledge, he or she will know when to trader and what trading strategy that he or she will be using to trade. It's is this knowledge that will him or her to cut down the risk that is in forex

@Decub I agree with you. The newbie traders are new into forex and they have not yet have any experience. The professional traders have failed and have made success, so therefore, they know more than we know.

Forex cannot be centralized. It is already a decentralized system of exchange right from the time it started. May in this time, there will be an international body that will control every thing going around it but it will still be decentralized.I think it is okay the way it is now with the...

I know about using trading robot with the terminal to help you trade but don't know about the vps. If it can trade when terminal is closed then how will it be possible. I'm sure it is kind of thing that will synchronize with the broker server at time for it to be possible.

I don't do the multiple strategy of a thing. I like to stay with one strategy. Forex is not my means of living and I am not hoping to make it so. So therefore, I am okay with the strategy I use and if it is giving me profit, I will not change it.

It is good that we know how to limit our trading time. If we are not having so much time to trade, we can plan our time so that we can be able to spend little from it instead of wasting all of our time to trading. This is because when we are in the chart, we will not how much time we have spent.

I don't know too if there is this thing in the binary type of trading. I don't know which of the broker that will be providing the demo type. Trading in the binary is hard for a trader to make money in it. The type of trading is risky and I'm sure it will be hard for a trader to predict the binary.

News is very important for the trader. It is some thing that the newbie trader will be keeping an eye on, listening to foreign economic news is very necessary for him or her to know how the movement of the market will be. Even if he or she is not to be a fundamental trader who will be trading by...

Trading without demo practicing is bad. It will make you to be losing continously because a newbie trader does not know how to trade. When he or she is trading in the live account, he or she will be losing all of the time and this thing will reduce his r her interest in trading in forex. So it...

I'm sure the account manager will not try to deceive you. I'm sure he or she will not do anything that will spoil the name of the broker. I think we need to follow some of their advice. They know how to manage the account because that is their job. whereas we should not do everything they ask...

The demo account is what makes a newbie trader to learn how to trade so that he or she can be able to trade in the live account. Without trading in the demo, the newbie will be finding it very difficult to make money when he or she comes to the live account because of lack of trading knowledge.

Forex is a good business that can make a trader rich if he or she is taking the trading serious. Whereas it is good to help you meet your financial goals, it is also bad because you can lose very quick if you don't know how to trade.

This is a good advice for traders to follow in their trading. I like their rule, trade the trend. People used to say that the trend is a trader's friend. It is good when the trader learns how to follow the trend and trade on it than trading against it.

A newbie trader should learn how to trade first before trying to trade. I will suggest that they trade in the demo account for long so that they will understand how to trade and how to predict the market before they will be coming to the live account.

@Decub but I'm sure that a newbie trader can trade without his or her own pocket money.I didn't have any offline job before I started trading. I started with bonus and if I lose, I will still have to look for another bonus. A newbie can trade without looking for offline job first. It is better...

No, my broker doesn't because if it does, I would know how the c platform is and will like to try it. I don't also think so many traders are aware of this thing also because it is new to me.