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- rachelo replied Dec 4, 2020
Well scalping is not an easy trading style. It must be practiced only after some good experience in forex trading else chances of disappointments are high. A scalper needs to be super alert and quick in making decisions and that only comes with time ...
- rachelo replied Dec 4, 2020
If one is experiencing consecutive losses, then you should spend sometime on the weekend, reviewing your trades and seeing what's not working. See if you need to work on your strategy or plan and take necessary actions. Reviewing is the best way to ...
- rachelo replied Dec 4, 2020
When I chose Fxview, all I had in mind was Strong regulation, tight spreads and low costs.
- rachelo replied Dec 2, 2020
Fxview might be the one that you are looking for, judging from your criteria. commissions are $2/100K RT.
- rachelo replied Nov 30, 2020
Always try to protect your trading capital and learn from every trade.
- rachelo replied Nov 30, 2020
For a beginning, you can test the demo and then start with a small account with one suitable broker. There are a few good ones you can check IMO: ICM, fxview and pepperstone.
- rachelo replied Nov 30, 2020
Of course, forex is highly profitable providing the potential to multiply your initial investment ten-fold overnight.
- rachelo replied Oct 7, 2020
Greed is harmful. It makes you take wrong decisions, losses follow and then one loses confidence too.
- rachelo replied Oct 7, 2020
Absolutely a trading plan is extremely important as it sets rules and boundaries as well as defines entry and exit points.
- rachelo replied Sep 22, 2020
Forex is undoubtedly risky, that is why its believed that its not everyone's cup of tea.
- rachelo replied Sep 22, 2020
Demo trading for a good time. Atleast 5-6 months before going live.
- rachelo replied Sep 18, 2020
Exactly. One of the scariest things for a trader,especially for a beginner like me. Any good tips on how to control greed?
- rachelo replied Sep 18, 2020
I understand what you are saying. You can try on a small account maybe, that helps.
- rachelo replied Sep 18, 2020
Haha Thanks!
- rachelo replied Sep 14, 2020
Music while trading? Really ? How does that help?
- rachelo replied Sep 14, 2020
Very well said. Losses should be taken as lessons and henceforth should be avoided in future.
- rachelo replied Sep 8, 2020
You are right. People really have this misconception about forex trading that they can get rich through it quickly however the reality is much different. It requires as much effort, patience and skill as any other profession or money making way.
- rachelo replied Sep 8, 2020
Yes, losses are a part of forex but as traders we have to take necessary steps to minimise the possibility of losses. Else no fun in trading.
- rachelo replied Aug 28, 2020
One can get rich from forex but thats a slow process in reality and needs a lot of patience,practice and skill. Goals should be realistic and therefore any unreasonable expectations from forex is not advised. Aim at consistency and you'll get closer ...
- rachelo replied Aug 28, 2020
Right. Learning forex isn't an easy thing to do. People spend a lot of time on learning and every beginner should do that imo. Sticking on just one course wont help, you have to keep looking for meaningful stuff on the internet.