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There are times when you need to be agile in trading, and there are times when you need to be patient to close the loss. So, be careful and do not be emotional guys.
Losing money is something no one would want, but whether or not to risk it is completely subjective. If you are interested in trading, there is of course the possibility of losing money as well as making money. If you want high profits, you have to take the risk of losing money. Economics 101...
It is logically inevitable that there will be losses in inexperienced trades without good experience. However, I believe that the psychology of the traders and the success in their trades are directly proportional. First of all, when you are sure that you are really ready for this with the...
You should start with the demo. Buying and selling seems easy at first, but there is so much finesse in trading that I personally recommend you not to engage in leveraged transactions without gaining a good experience.
That’s very true. Also it depends on what is going on in terms of politics. (As may you know: silent world economic crisis, inflation monster is everywhere )
First of all, the best trading time changes depending on which product group you will trade. For example, if I give an example from the majors in the Forex group, it is generally best to trade at the NY opening time if USD is to be traded. Of course, these hours change on important dates, for...
I believe bitcoin is too big to fail, yes it has been on a downward spiral but too many people have invested on it and not some casual joes, real big investor. So be careful but its not going anywhere anytime soon
There are two main rules I've got from the past experience:
To follow the market closely.
Do not be deceived by emotions.
And, things that you should stay away:
To follow successful traders without questioning what they are doing.
Last but not least: too much self-confidence :)
Leveraged transactions can be to our advantage, but we should not increase the volume too much without knowledge and experience about these transactions. The greater the probability of gain, the greater the risk.
When we do not know when to close the position at loss, we can keep the position...
First, you should practice with demo accounts.
There are educational sites and youtube channels, you can learn basic terms there. If you start trading without learning the terms and their usage, your foundation will not be solid.
You can search and follow successful traders.
I think, for a beginner, you should focus on following up the products' charts and get to know the features of the platforms that you trade. Then you need to start with small investments and of course low leverages.