Forex is a place where there is lots of fluctuations every second. So it doesn't stay bearish or bullish for long time. And experienced traders never trade with one or two pairs. so you have to plan according the situation you face. At the time of scalping only one strategy is used.
Yes, robot is not so easy to use for everybody. Most of the experienced traders and businessman who are involved directly to the forex trading use this robots. It saves there precious time and can do multiple tradings with good profits.
It is true that there are some mistakes from which we will suffer loss only. There will be nothing to learn. And sometimes you try to avoid loss by using best plannings but still we are unable to avoid it.
Do you think that a person who is investing 50 bucks in a product and other person is investing 500 bucks at same product. then will they get same amount as profit.? Obviously not. Amount of profit depends on the amount of investment.
Yes, I love doing trading at part time. I trade when market is low or fluctuation is too high. And sometimes I do scalping for just fun and quick gambling. Scalping is the way of earning for me by doing fun.
Yes, if you don't have time to learn forex trading then you can trade and invest money through the brokers. But before trusting other you should always check their reliability for security. It will save your hard earn money.
It is true. When we become habituated to profits, we becomes careless and we play with the same strategy for over a time until we get a small loss or a distraction. That time again we become serious and change our strategy.
Yes, that is right. Realistic expectations depends on the person's situation. And there is some limit. We should expect our first target which is in our hand. By investing 1000 bucks we can expect 50-100 bucks daily. But by investing 10 bucks and expecting 50 bucks is quite stupidity.
I do meditation to keep my mind calm and free from excitement. It helps me to trade at high fluctuated market. And it helps me to make quick strategies at some situation.
I think before sign up with a broker we should go through it's background and reviews from other clients to know it's reliability. And then we should go through there terms and conditions. There you will find most of the catches. After reviewing if you see that it is safe for your capital then...
I think forex is a such a place where every wrong step can make you suffer loss. Whether he is a trader or a newbie, everybody should be serious while learning or trading at forex. It will maximize the chances of earning.
That point is also right. Scalpers don't need to analyse any market. When price get down they buy and when they see little bit of increase at price they sell that. This trading stays for few seconds. So they can do many tradings in a day and a good amount of profit.
That is true also. Different brokers give different facilities. We have to think first that what we need. And according to that we can search brokers. If we get all we need from one broker then no need of searching for other broker.
If you have good amount of capital and experience then you can make profit from most of the business. But as we are discussing about forex trading, here we have to play with the rates of the product which fluctuates every second. And that is very challenging.
I don't think so. If I say you to invest with at my business plan which is very good. but if you face a huge loss then that would be the part of business. Then would you invest at that business.? I don't think so. There are ups and downs at every business. Even at forex also. But here if any...
Yes, that is true. First of all you need understand what the thing is Forex. If they don't know the basics of Forex trading then how can they even practice trading at demo account.
Not only that, while trading you have to stay focus or else your each movement can make you lose money. At demo trading you will not suffer as you don't have to invest money. But at real account it is totally vise versa.
There are many people who face loss while trading. So they don't want to leave trading until they recover all the money. But if leave that type of people then you will get many people who are earn a good amount from forex. Then why they should leave such earning place.
Yes. That is right. We can get most of the information regarding a particular broker at various forex forums. It will be easy to find every details about the brokers.
If any newbies think that it is waste of time to read ebooks on forex and practicing on demo account, then that will be their biggest mistake. Result will be a huge loss and realizing the mistake start learning.