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I think it is very important to review the regulation of brokers, but now almost everyone indicates that they are regulated by some government agency, so I must add that brokers regulated by countries and more serious and demanding regulations, such as the United Kingdom, should be preferred ...
Reinvestment can be given in money, time, knowledge, relationships, capabilities, etc. In relation to the reinvestment of money it is important, but a balance must be found in the recovery of capital and the level of investment, perhaps a good ratio is 50% of the profits reinvested and 50%...
Forex is definitely the ideal online business, because you can earn by trading, referring, copying signals, with bots, constituting a broker (that if you need more capital and resources, but it is feasible), teaching ... in a word having fun
I think that losses are a natural thing in trading, it is similar to the cost of selling a product. The key is to minimize those losses with a good trading system, emotional control and I would add a set of tools where automated systems (bots) are essential to balance profitability and losses...
The handling of emotions is a very important factor in all fields, in fact the so-called "emotional intelligence" is nothing more than knowing how to master our feelings in difficult times, but for the world of trading it is indispensable, because it is a factor Critical of success, unlike in...
I have learned that a system that has a success of at least 51% is already profitable, as long as you have many operations, which is the basis for automated systems or better known bots
The ICMARKETS referral program is much more demanding to enter than ROBOFOREX (open by default), because the pages and social networks with which we will advertise to the broker must be supported to ICMARKETS, in addition to what services we will provide (education, experts, signals, etc.), but...
The level of leverage is a very powerful tool, but if it is not used well it can annihilate the account, the ideal is to have brokers with high levels of leverage (as Roboforex in CENT accounts gives up to 2000: 1), but continue operating with normal lots, that is, not to alter our operations by...
In my experience, the most difficult thing is to close losses when they go against them, so every system always, but always must have a stop loss; In addition it is also difficult to leave when we believe that the market will continue to rise, for which we must always place a take profit (basic...
Interesting topics of the book, in my experience the most difficult thing is to close the losses when they go against it, so every system always, but always must have a stop loss; In addition it is also difficult to leave when we believe that the market will continue to rise, for which we must...
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