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  1. K

    Expectations

    Yes you are right. People here want to make lot of money in a short time. As a they are more interested in trading than learning. But knowledge and skills comes first. They are not ready to understand it.
  2. K

    Keeping a journal

    Keeping a journal is a good way to find our mistakes. There are some mistakes that we do again and again. Journal can help us find them. Learning from mistakes is the best way of learning. So it's a good habit to keep journal.
  3. K

    greed

    Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.
  4. K

    I think forex is too risk for most new guy...

    Yes trading forex is very risky as it involves very high leverage. To survive in the market one needs to achieve good knowledge and skills. He also has to have good experience. Otherwise it's quite difficult to make profit here.
  5. K

    Controlling your mentality as a newbie

    For every trader it's important to control the emotions. Most of the traders take trades out of emotions. Fear and greed take control of their mind. As a result they take impulsive decision.
  6. K

    Why most traders fail?

    Two main reasons of failure in trading are lack of enough knowledge and poor trading psychology. We need analysis skills and control over our emotions.
  7. K

    your broker is regulated or not ?

    Regulation of a broker is very important. My broker Eurotrader is well regulated and licensed. Before I choosing them I did some research of my own and found them regulated.
  8. K

    Confidence

    Yes confidence is important. Confidence comes from knowledge and experience. Also you need to learn from your mistakes. Confidence comes from knowing what you are doing. If you open a trade you should have enough reasons.
  9. K

    Dealing with loss

    Loss is a part of trading. If you have good winning percentage and better risk reward ratio, loss should not bother you. Loss bothers so much to clueless traders who have no idea what's they are doing.
  10. K

    For Beginners

    Yes whether it's forex or stock market you need skills and patience. without skills it's not possible to make profit here. Only 5 to 10% people are profitable. Now you can imagine how much skills you need.
  11. K

    Trade management

    Yes managing your trade is very important after you open a trade. You should know when to close your trade. Sometimes you need to react quickly if trades go against you.
  12. K

    Specific profit goal

    A goal is good but becoming desperate to achieve that goals in forex is dangerous. Market doesn't move same way every months. That's why for trading having is a long term goal is more convenient.
  13. K

    Scam Existence

    Where there is money, there is scam. There are many scams brokers out there on internet. It's our duty to find out the good broker. If any broker or person promising something which is too good to be true, stay away from them.
  14. K

    How to start a trade through forex?

    Learning is the first step. Basic how to trade you can learn from demo but to be profitable you need a study a lot. There is no alternative to being skilled. A newbie should remember it takes skills and experience and for that they have to give time.
  15. K

    Trading is not a game

    Yes trading is not a game. Most retail traders treat it like gambling. They are not focusing on learning. They are focusing on how quick they can earn. They are not trying to understand the basic that if you become skilled you can earn quick money.
  16. K

    Forex would be a part time job

    Part time in a sense that you do not need to spend a lot of time in trading. Few hours everyday is sufficient depending on your style of your trading. But whether you take it part time or full time, you have to achieve necessary skills and knowledge
  17. K

    Psychological aspects of trading

    Psychology is very important in trading but most ignored aspects by traders. It's very difficult to control the temptation market offers us all the time. That's why we need to be discipline in trading.
  18. K

    choosing a broker

    Choosing a good broker is very important. We need to be sure that our hard earned money is safe with the broker. That's why first and foremost we should find a broker that is regulated and licensed properly.
  19. K

    News trading

    News trading is very attractive and tempting but at the same time it's very dangerous. Many newbies are very much fond of news trading, though they can't make profit most of the time. It's better to stay away during big news events.
  20. K

    Passion is Important

    Yes passion is needed for learning. Most people are not willing to learn. Subconsciously they feel it's a waste of time. Without having proper skills they keep trading and losing.
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