• The Forex, Binary Options Forum - welcomes you to our Community!

    DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.

    Please take a look around, and feel free to .

Search results

  1. K

    Psychology

    Yes fear makes us restless. Fear can make it difficult to think clearly. We either open or close unnecessary trades.
  2. K

    Will an impatient trader become successful?

    Being impatient is bad for trading. You need patience. Traders must wait for the right setup. It's impossible to jump into the market.
  3. K

    Scalping

    Scalping can help you make quick money. Scalping isn't for everyone. Scalping requires knowledge.
  4. K

    Leverage

    To trade with your own money without leverage, however, you will need to have a lot of capital. Many people may not have enough capital to invest.
  5. K

    Demo forex trading account.

    You are correct. Before opening a demo account, you should have a basic understanding of Forex trading and the Forex market.
  6. K

    Don't look for shortcuts

    Hi, yes, in the forex markets, you can make money. It is a matter of having the right skills and knowledge. To acquire it, you need the time and energy. There isn't a shortcut to it.
  7. K

    What amount of leverage do you guys use most of the time?

    Trades with traders with low capital, such as us, will be impossible without leverage. This gives us enough liquidity for trades to open. We would otherwise need 1000$ capital to open.01 lots.
  8. K

    Education

    It all depends on the individual's trading skills, knowledge, and personal style. Different people follow different paths.
  9. K

    How to learn Forex ?

    Forex is not reliable for beginners. It is important for a newbie to have the skills and experience necessary to be able to rely on forex. It's not as if you saw, won and came.
  10. K

    Do you think forex is not dependable for newbie

    We are glad to have you here. A word of advice for anyone new to the world. Do not try to find a quick fix. Forex trading is easy if you have the right knowledge, experience and are willing to experiment. There is no one way to make money in forex.
  11. K

    Forex is an easy source to earn money ?

    You can earn a million dollars in forex, but only if you have the necessary skills and knowledge. To develop enough knowledge, it can take several years. Don't get discouraged. It's the reality, however there is not much discussion about it.
  12. K

    How long one should use demo?

    There isn't a specific date for how long a beginner should be trading in demo. Demo traders should be able to create an appropriate trading system that incorporates risk management.
  13. K

    Trade management

    This is the thing that many people are unable to comprehend or even comprehend. They get greedy and want all the money. In the end, they are unable to make any money.
  14. K

    challenging nature of forex

    The trading of large lots is a major issues faced by traders of forex. They are looking to make fast cash, but they don't think that they'll lose their funds quickly.
  15. K

    Demo forex trading account.

    The process of acquiring knowledge and becoming proficient isn't easy. In reality, it takes a long time to be skilled and the majority of people are not willing to commit the time to learning. However, they are able to waste their time and effort for nothing.
  16. K

    Fixed or Floating Spreads???

    I like floating spreads over fixed spreads. A good broker will give you a no spreads account and commission. However, I have found it to be more profitable than a commission-free account. In commission accounts that do not have commissions, the spreads are greater.
  17. K

    Never try to assume

    Don't trade based on the assumption. Learn to trade efficiently. Don't rush. It takes time to become profitable. Do not try to chase the pips. Concentrate on developing your capabilities and skills, and the pips will be there naturally. Don't think of forex as gambling.
  18. K

    some tutorials.

    Scalping isn't for the novice. It requires know-how and experience. If a novice attempts to scalp, he will end with trading in excess. This is the tale of each new trader.
  19. K

    New Forex trader

    Practice is essential when trading, but you must do it in a methodical manner. A random approach to trading won't help. It is necessary to create a strategies by practicing using a demo. Then, practice will yield results.
  20. K

    Forex trading is a challenge

    I consider forex to be an enterprise. It's also like any other business. However, the main difference is that people involved in forex are impulsive in their decisions. This is what makes the business of trading in forex extremely very risky. If you are able to follow the guidelines for risk...
Top