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- Drew-pips1 replied Sep 15, 2018
I think it should be more about knowing how leverage works and being able to deal with its associated risks intelligently. But for a beginner I'd say start with low leverage, just so that you can get a hang of things.
- Drew-pips1 replied Sep 15, 2018
IC Markets seems to have done in a lot of Canadian traders it seems leaving them in a tizzy. If such regulatory clog is going to be forced down our throats the trading industry will choke and we’ll gravitate towards brokers that understand what the ...
- Drew-pips1 replied Sep 15, 2018
You can of course go with smaller investment. Being a newbie you shouldn't risk too much of your capital
- Drew-pips1 replied Sep 6, 2018
I think persistence is one of those qualities of a trader that can help you become successful in forex. Being in the business of trading you will lose at some point. But if you are able to draw some worthwhile lessons from your defeats and hit back ...
- Drew-pips1 replied Sep 6, 2018
Coinexx seems to fit the bill here. They accept bitcoin deposits and transfers besides offering 20 more cryptos to choose from. And they’re pretty solid too. I don’t normally say this for a lot of brokers but I’d say they’re good to rely on.
- Drew-pips1 replied Aug 22, 2018
Forex Factory does it for me so I really don't feel the need to refer multiple sites all the time. It gets too cluttered otherwise.
- Drew-pips1 replied Aug 13, 2018
Yeah that's the usual way to go when experiencing losing streaks. If you keep trading despite losing continuously there are high chances you'll keep on piling more losses. So it is best to stop trading for a while and just sit back and try to ...
- Drew-pips1 replied Aug 13, 2018
Thus defeating the entire purpose of demo trading. It's a waste if people don't trade on demo accounts as they would on live accounts. It is important for new traders to understand that if used scrupulously demo account can work in their favor. It ...
- Drew-pips1 replied Aug 10, 2018
Start with low leverage and see how well you are able to handle that. Then after gaining enough experience you can move to higher leverage. You should choose your leverage keeping in mind how much risk you are willing to take and can afford to ...
- Drew-pips1 replied Aug 10, 2018
I find forex factory calendar to be the most useful for getting forex updates
- Drew-pips1 replied Aug 8, 2018
Demo trading is the general precedent of live trading. So utilize the time spent on demo trading well otherwise it’ll be of no use and you’ll suffer greatly in live trading. Demo trading is as serious as live trading. Moreover demo accounts can come ...
- Drew-pips1 replied Aug 8, 2018
Very true. A well constructed trading plan provides structure and direction to our trades. And money management is just as important in forex as it is in life in general. You need to have a definite plan with respect to where you want to invest your ...
- Drew-pips1 replied Aug 7, 2018
There is no difference between demo accounts and live trading accounts. Trading conditions are same so that you can practice your trading skills and strategies comfortably. The only difference is the involvement of REAL money in live trading. So ...
- Drew-pips1 replied Aug 1, 2018
Nice advice. Trading can be risky and if you are not sure of or comfortable with certain trading styles/types, then it's best to avoid them
- Drew-pips1 replied Aug 1, 2018
If you are trading forex then you'll be bound to encounter greed, fear, overconfidence and other negative emotions. Forex trading is as much a play of your emotions as it is of market forces . So learn to manage your emotional swings. Greed will ...
- Drew-pips1 replied Jul 31, 2018
I believe I am still learning till I can give a definite answer to that . But based on my experience so far and seeing others as well, I think success in forex comes to those who are mentally strong enough to persevere through the ups and downs of ...
- Drew-pips1 replied Jul 25, 2018
I prefer some soft instrumentals. On rare occasions I go for jazz hip hop also
- Drew-pips1 replied Jul 25, 2018
The reasons could be manifold. But the most common ones are lack of a trading plan and if they have one they don’t stick to it. A lot of the traders don’t realize the importance of risk management. Spend as much time as you need on demo account to ...
- Drew-pips1 replied Jul 24, 2018
absolutely right @lordadry. It's only real experience in forex that can teach you about it. Real experience on a live account. Your biggest lesson will be learnt when you fail and lose. Just be careful to analyze your trades and strategies and ...
- Drew-pips1 replied Jul 24, 2018
Yes it is reliable. You just need to know how to make it work in your favor. You’ll fail many times but if you are smart enouh you’ll learn from your failures and come out stronger.