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Finding a broker is not easy. Traders should consider their trading style and the requirements accordingly before picking a broker. Also look into their commissions, spreads, leverage and withdrawals processing. Make sure to try their demo before using their live account.
Do not take suggestions from anyone for choosing a platform to trade. Firstly, make an analysis on all types of trading and distinguish all pros and cons. Secondly, examine yourself which is suitable for you in terms of risks and profits. Finally, you can check ease of trade and accessibility...
Why should we believe you? Give some explanation for your statements if it’s true, otherwise it’s like throwing a bullet in the sky expecting to reach space.
A 90 percent win strategy looks too good to be true. If anyone is thinking of giving it a shot, please update us with your results or feedback. Thanks!
You don’t need to waste your money on any of the trading schools when you can learn for free from the internet. Just search for the right information and check it on different websites.
@imanu01 I agree with you on that! It’s prudent to first check which brokers are offering services in your country, whether they are regulated or not, what their features are and then test them on a demo account. I’ve also recently shifted to AAAFx and am using a micro account with $500 to see...
Copy trading is a process of copying the positions opened by another trader. Through automated copy trading, you link your account to a professional trader’s profile as a result of which all their current positions and actions they take are mimicked on your account.
It’s true that copy...
Absolutely. Trading is something that I genuinely enjoy and love, and that isn’t going to change anytime soon. It's something that has brought me a lot of joy and comfort over the years, and it also brings in a profit for me. I would personally recommend pursuing it as a career.
Extremely. I was as dedicated in the beginning but I became after making my first successful trades and have been ever since. Forex is one of the best things in the world for me, and that hasn’t changed one bit over the past few years.
It’s hard to determine the best broker, but any broker that provides fair pricing and fast withdrawals is good for me because these two are most important in trading these days.
The market is always moving and this may make you believe that the market is full of trading opportunities for you. But a trading plan helps you find the right trading opportunities and helps you execute trades in the right way.
You can learn how to trade by reading and practicing on a demo account. But no book would teach you trading psychology because that comes mainly from your life experiences. So, try to be patient and leave greed at the door before you start taking any risks.
Udemy offers a great forex trading course. But since it’s a bit pricey, many won’t want to buy it. You can try the school of pipsology for free learning and use their forum to get help with your queries.
Actually, I never cared about how many trades I was executing per month. All I have been conscious about is how my strategies work. I have a habit of testing different strategies with different amounts because you never know which one would work for you in a certain situation.
The internet is full of information that you need to learn the forex basics. Most brokers also offer their demo accounts where you can practice for free.
I think it’s best to try your hands at a few trades first so that you get a clear picture of the market. You won’t get to know what it is if you are not putting in enough effort to understand.
Any strategy can work for you. So, I believe it’s best to try your hands at as many strategies as you can and compare them to see which one offers the best results.
I am not sure how much time other traders took to do their learning. But I did my learning in a year and a half, including clearing my basics and demo practice. Even after dedicating this much time to learning, trading in the live market wasn’t easy. I didn’t increase my investments until I saw...
Beginners have to keep struggling until their grounds harden up. It takes time for them to get a hold of the market. Those who keep patience along the way often become successful while those who are too curious to make money often have a short career.