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These recommendations are mainly for the stock market, not forex. But I agree with you about micro-accounts. I once started with cent accounts. First I opened a cent account with FxOpen, then with ForexChief. When I mastered trading and earned some money, I switched to a standard account. In my...

I think the answer is obvious to everyone - people come into trading to make money. :giggle:

Yes. Therefore, traders choose different trading strategies, different brokers, etc. There is no strategy that works for everyone.

Not always. The training may also take a longer period of time. It must be admitted that most people will not be able to trade profitably at all.

All these points are easy to write, but hard to put into practice for many.

To gain skills and knowledge, you need to study and use other people's skills, knowledge and ideas. Then, when there is experience, you can already use your skills and ideas.

Interestingly, many traders trade the Nasdaq or other indices through forex brokers?

Many traders do not have a trading plan at all. ))))

Success in trading consists of many factors. Trading strategy is not the only factor that makes up success.

I agree. Everyone has different psychological characteristics, abilities and inclinations

What is the concept of smart money?

Not everyone can immediately leave their main job and switch to Forex. The process of learning and making money in the forex market sometimes takes a lot of time. I worked and traded on the ForexChief cent account for quite a long time. Then I tried a real account and only then, when I made a...

The basis of learning is real practice. I very quickly switched from a demo account to trading no deposit bonuses. Took bonuses in ForexChief, FxOpen and other companies. Then I started trading on cent accounts and then on standard ones. This approach allowed me to succeed in the forex market.

5-10 trades per day is not that much for scalping actually

The choice of money management strategy depends on the chosen trading strategy.

It will take a lot of time to acquire the necessary knowledge. I know this from experience. I traded for a short time on a demo account, but for a very long time I traded on a ForexChief cent account. Often used no deposit bonuses of many brokerage companies. When I switched to a standard...

It's all psychology. After a series of unsuccessful trading operations, it is difficult for a trader to contain his emotions.

At the initial stage, there is nothing wrong with copying the signals or actions of other traders. This may be one of the elements of learning. But in the future, of course, you should rely only on your knowledge and efforts.

If there are losses, it is better to switch to trading on a cent account. Now this is not a problem. ForexChief, FXOPEN and many other companies provide clients with cent accounts. In this case, you will trade on a real account with real money, but the losses will be insignificant. This way you...

Everyone has such problems in trading. I'm sure of it.