Search results

If you have a good strategy like that then you can get it coded in an EA and most of the brokers like hfm, xm, exness, lmfx, octa etc support EA trading as well.

You can also use proper stop loss to cut these losing trades earlier in my opinion rather than waiting for losing 1-2 %.

I think that the price of this bitcoin may take some time hanging around at the same point before it jumps to another price level.

Consistency comes with experience and that experience which lead to make consistent profit is painful because we need to roll up our sleeves and practice a lot.

There are almost every broker like hfm, octa, exness, xm, lmfx etc offering demo accounts to be downloaded for practice without depositing any money with them.

There are many position traders which keep their trades open for longer terms and some institutional traders also use the same strategy whereas the normal retail trader tends for scalping or intraday trading.

The new traders should at least stick to a demo account for minimum of six months before jumping to trade on live accounts or otherwise they will burn their money as well as their time.

The good thing is that we can learn forex trading by trading a demo account from any reputed broker like hfm, xm, octa, lmfx etc and can also participate in their webinars to learn from the industry experts or either can trade virtual to real demo contests to earn prizes as well.

The first and foremost is learning the desired skills leading to make money from forex and once we are consistent in making money from this marketplace then we can add many other options leading to passive income streams.

I think if constant loss or stress is there in the business so might thinking of taking a break from trading and come again with a fresh mind later.

I prefer new tokens to be bought and hold in case of crypt investments and for day trading i usually go for forex trading in the New York session these days.

I believe its a good idea not rushing in to every trade and limiting ourselves which is actually called discipline and leads to growth in future. People who are desperate and rush in every trade eventually lose money.

We can only start risking our capital when we know the market mechanics and always risk only 1-2% of our capital which is the industry standards.

If we learn how to trade then we can trade any asset class either if it is bitcoin, indices, currency pairs or cfds etc.

We can trade a demo for at least a minimum of six months before jumping to trade with live funds so these demo accounts comes up with free virtual money so even if we lose we learn from the mistakes without losing any real money. This way we can remove the fears and other emotions from trading...

Maybe isolation is needed just to avoid any distractions or second opinions because trading is only a solo sport in my opinion.

Some of the new traders join this industry with a mindset of getting rich right after joining trading however they are the actual contributors of 90% losers as per the forex industry stats.

Yet the discipline is hard to develop and those who are successful in any industry have two things in common, one is focus and the second is discipline.

I think the third party software may works good for some however better we can download mt4 or mt5 from any reputed broker like hfm, xm, octa, exness, lmfx etc and practice it. They comes up with free virtual funds and does not requires any deposits with the broker in order to access these...

Demo accounts are good way to build new skills and the good part is that they can be downloaded from any reputed brokers like hfm, octa, xm, lmfx etc for free without depositing any money with them.