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- MarcoDresner replied Feb 7, 2021
Theres no specific monthly return in forex. I think the capital used in trading affects the amount of profits made in a month. The exchange value of the stock market also affects the profits that can be made in a month.
- MarcoDresner replied Feb 2, 2021
Success is achieved by those who are patient and have the determination it takes. The right choice of broker greatly determines your success, since a broker can kill your trading career. Your choice of currencies to trade, trading strategy as well ...
- MarcoDresner replied Feb 2, 2021
Of course we can manage the risk but it does not alter the fact, that we will still have losses or mistakes in trading. And we should accept it. While, there are many things to have consider to have minimize our losses and to prevent huge losses or ...
- MarcoDresner replied Feb 2, 2021
I find that trading on fundamentals is the hardest way of trading. It is time full of uncertainties whether the results will meet expectations or it will surprise market participants. Certainly a lot of experience and knowledge is needed to make the ...
- MarcoDresner replied Jan 31, 2021
You definitely need to understand how the market works and how the currencies get influenced by the various factors because otherwise you will not be able to know which way to go or how to do proper analysis. Without this you will simply be trading ...
- MarcoDresner replied Jan 31, 2021
To be on the safe side its better to make sure that you are better equipped to trade with huge funds and have a good strategy before you can trade with them. Trading with smaller funds is more ideal for me and you can gradually increase your ...
- MarcoDresner replied Jan 29, 2021
It's very practical and common attitude for beginners level, due to having emotions they can't survive when kick off a live trading , in practical there is no way to stop emotions at all, but only by regular practicing with discipline it can be ...
- MarcoDresner replied Jan 29, 2021
If we talk about technical aspects, every pair has its own reasons to move. Sometimes same strategy works on different pairs but not all the time. But we try to use the same strategy all the time. That's a mistake.
- MarcoDresner replied Jan 27, 2021
If you are successful in demo by following a very specific methodology for a long period of time, you have higher possibility of doing good in live as well. But if you are random in demo, your chances are zero in live. When it comes to real money we ...
- MarcoDresner replied Jan 27, 2021
Yes I agree with you. Most newbie traders do not follow risk management rules. They live in a false world that no matter what they can make money by taking high risk. Some random profitable trades make their perception strong.
- MarcoDresner replied Jan 24, 2021
Yes you are absolutely right. There is no such parameter. It's about individual skills. For example, If I can make 10 pips, that's success for me. But it should be on consistent basis. Focus should be on the process not on pips.
- MarcoDresner replied Jan 22, 2021
Yes practice builds our confidence. But for trading a trader needs to practice in a realistic and systematic way. Random demo trading is not helpful. One needs to develop his strategy by practicing demo .
- MarcoDresner replied Jan 22, 2021
Yes Trading techniques and strategy is very important for success. But along with this our mind plays a big role in the trading. At the end it's our trading psychology that define our trading career.
- MarcoDresner replied Jan 20, 2021
Yes you are absolutely right. Trading is meant to do with idle money. With the money one can afford to lose. Over time it's possible to make good money but that takes time and patience.
- MarcoDresner replied Jan 17, 2021
It is the psychological aspects that makes the difference between demo and real account. In real account, your own money is invested. That's why you are emotionally involved. According to human psychology, people tend to take impulsive decision when ...
- MarcoDresner replied Jan 16, 2021
Yes you are right. It is very important for a trader to know when to trade and when not to trade. Most traders make the mistake of trading all the time, no matter how market is behaving. Slowly it becomes their habit.
- MarcoDresner replied Jan 12, 2021
Yes you are right. But most traders don't give emphasis on learning. They are so much obsessed with the thought of making quick money that they overlap the learning part.
- MarcoDresner replied Jan 12, 2021
Emotion plays the important role in trading. Not just newbie most traders do not have emotional stability when it comes to trading. Fear and greed overpowers them. That's why it's very important to learn how to control emotions..
- MarcoDresner replied Jan 10, 2021
That's why forex trading requires skills and abilities. But unfortunately most traders focus on earning more than learning. But learning is the first step of trading and it takes time to be skilled.
- MarcoDresner replied Jan 9, 2021
For the long run vast majority of traders fail to make continuous profit. Some make occasional profit and not at all. Very few retail traders make good amount of money for the long run. One of the reasons of failure is lack of discipline.