Recent content by Kate_Wal108

glad to see coinexx here. Just signed up with them 2 months back and I like trading on their spreads & comm. I'm not a very risk taking trader, I trade small lots with low leverage and with their conditions, I end up making some bucks. They are good to traders like me. I was really doubtful...

This is really nice! But so many people underestimate the importance of this habit. Some downtime is essential to refresh your mind!

Slippage mainly occurs due to excessive volatility in the market during the release of any key economic news

Quotes are useless. Pay no attention to them. – Andreas Clenow :p

I agree. That's my motto. Why to risk if the markets are static and you are not sure ?

Well said. Without proper knowledge and understanding we should not invest in a currency pair(or any other trading instrument). Also it'd be better not to trade when unsure of which direction the market is headed towards.

Thanks for sharing this!

If done properly diversification can come to your rescue in tricky times as your risk gets spread across varied assets, instruments, strategies, markets, etc.

agree! When starting out in forex it is important to trade in only those currency pairs that you feel comfortable with and have good knowledge about. Like the most common currency pairs suggested for beginners are EUR/USD, GBP/USD, USD/CAD. These have high liquidity and are traded on a large...

Well said. Listen to what people have to say but apply your brain also. That is more important.

It is disappointing to hear your story. Reminds me of a friend of mine who lost about $3000 worth of savings trading the forex market. This was in 2015. But he built himself up again after this massive fall. Reworked his trades and strategies and bounced back. It took time but it’s relatively...

True that. A healthy mental balance is required to trade profitably.

Agree. If everyone could trade easily there'd be hordes of rich/ well-earning people around. I don't think trading is meant for everyone. Or that everyone is meant for trading.

There is no clear answer to this. It all depends on your willingness, constancy, knowledge and hard work. There are some people who learn it relatively faster than others whereas others are not so efficient. They take their own time. However I must say this that for a field as elaborate as forex...

Nice points. I’d like to add to that an effective money management strategy also.