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

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    Psychological aspects of trading

    Psychology is important in trading so stay to be devoid of emotion, greed and fear in trading because these qualities will undermine you.
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    Knowledge or Experience ?

    To earn knowledge, we have to read and watch tutorials but to enhance experience we have to stay with the market.
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    Trendy or Rangy market?

    Forex is the most volatile and trendy market so by utilizing the best market trends, you can make the best use of this volatility.
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    There is no such business

    If you compare the nature of forex with other businesses, you will find it completely different from others.
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    What are your bad habits while trading forex?

    When I lose, I try to trade with high lot to recover the loss and reap profit also but it results in massive losses majority of the time.
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    your broker is regulated or not ?

    There are some criteria by which we can identify a scam broker and can stay on the safe side.It’s not a big deal if your investment amount is less than 100 dollars.
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    Why low spreads is important

    Spread is the food of brokers so the lower the spread is, the more a trader is benefited. So, consider this factor while choosing a broker.
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    Managing 2% risk

    It falls in the category of risk management and traders should not use more than 2% risk provided that their capital is small.
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    Importance of Forex forum

    On forex formums, traders can raise any question and community members will answer their questions to fulfill their curiocity.
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    Forex trading is a challenge

    Forex trading is naturally challenging but it becomes more ferocious for us when we dive into trading without proper trading knowledge.
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    Only Technical Analysis

    To have a quick glimpse of the market, traders have to rely on technical analysis, which is done by using technical tools.
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    Fear is big in new traders

    Some traders have fear to trade on the market as a result they can’t utilize their capital in the right way. So, try to remove this fear from you.
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    Why most traders fail?

    Less efficiency, lack of knowledge, not following the guidance of trading are the reasons that lead a trader to fail.
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    To lead your dream life.

    Forex can lead us to our dream life because it can make us financially solvent if we can follow the bidings of money management.
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    Why some brokers don't allow scalping?

    You have to consider the fact of reliability of a broker while looking out for a broker.I am saying it because many traders have become the victim of scamming and lost their capital.
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    Forex and Money Management

    Traders who don’t follow money management policy can’t carry profit on average and so traders have to rely on money management at any cost.
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    Tips for an Forex beginner

    Beginners should dive into learning to flourish their trading career. Besides so, they can practice on demo account.
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    Is forex is gambling ?

    No, forex is not gambling but we have to be careful about broker selection and wrong broker selection can cause us some troubles.
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    Loss is a part

    A forex trader has to share losses and it’s a common phenomenon. The market situation isn’t always the same.
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    Leverage is very important

    Leverage and spread both are important to a trader. Spread is the food of brokers. Brokers profit from spread but when the spread is lowered, it is beneficial for traders.
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