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

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  1. K

    Brokers happier than traders

    Brokers spend money to make money. As a trader if you want to make money you have to develop skills and experience. Otherwise we would lose money.
  2. K

    How can I start buying stocks?

    There are online brokers through them you can buy stocks. You can also buy stocks by offline brokers. But you have to decide in which stock exchange you want to trade.
  3. K

    Your favorite site for news trading?

    I don't do news trading and I also discourage newbie not to do news trading. It's not good for your trading career.
  4. K

    Do you use Support/Resistant Levels on Your Chart?

    Support and resistance is one of major aspects you should check. But it's not everything. Because they are meant to break today or tomorrow.
  5. K

    Don't watch market all the time.

    Yes it's a good idea not to watch the charts all time. When I was new in the market I used to do this.. Even I couldn't have proper sleep at night. But that didn't give any good results except anxiety.
  6. K

    What is forex trading mean

    You trade different currency pairs in Forex market. To make money by trading currency, you need to have enough knowledge and experience.
  7. K

    Education has to be ensured

    There is no alternative to education for Forex trading. Without proper knowledge and experience you can make money in trading.
  8. K

    why people wants to join forex?

    Most people think there is short cut money in Forex trading. That's why they want to join in Forex trading. But it's not true at all
  9. K

    Do you think Forex Profit is being exaggerated

    Trading is not easy. If it were easy everyone in the market would make money. Forex is easy only for skilled and experience people
  10. K

    Level of risk should be calibrated

    For consistent profit, a trader needs a good strategy of his own and a mind set. A mind that can adjust with the changing market. A mind that can stay away from trading, if market is not giving good set up.
  11. K

    Demo Trading is must

    Yes demo is mentadory to know how the trading mechanism works. It is also needed to test your strategy. You can't test your strategy directly on live account.
  12. K

    Do you think forex is not dependable for newbie

    Forex trading needs kills and experience. A person can't depend on it just by entering into it. It takes time and efforts to be skilled.
  13. K

    What are the Basic requirment for to be started in forex

    Yes, Without trading education, making profit not possible. One needs very deep understanding of the market. Most newbies make the mistake of not focusing on learning. They focus on earning without learning. And lose the money on continuous basis.
  14. K

    Candlestick Charts

    Yes you are absolutely right. I was talking newbie. Sometimes they get fascinated by seeing complex charts and make mistakes to try that.
  15. K

    Can you trade Forex as per the capability ?

    We should not think or set goals unrealistic profit goals. A trader goals should be based on your skills. How much return others are getting that should not be a trader concern. If you are able to make 2%, that should be your goals. Our skills and expectation should match.
  16. K

    Do Professional traders loose in forex?

    If you are not professional you can not get success. Professional does not mean taking trading as a profession. It means having necessary skills and mind set for forex trading.
  17. K

    Basics - Currency Trading

    Most traders try to trade a lot pairs. But it is not a good idea to trade so many pairs. Trading few pairs will give more insights about those pair as you observe those pairs for a long time.
  18. K

    education tools

    Yes, Without trading education, making profit not possible. One needs very deep understanding of the market. Most newbies make the mistake of not focusing on learning. They focus on earning without learning. And lose the money on continuous basis.
  19. K

    What separates Professionals From Beginners?

    For consistent profit, a trader needs a good strategy of his own and a mind set. A mind that can adjust with the changing market. A mind that can stay away from trading, if market is not giving good set up.
  20. K

    Fear is the greatest reason

    Fear and greed are the main enemy of forex traders. It doesn't let you think logically. Due to fear and greed people take emotional decision which leads them to loss.
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