Search results

Caffeine can have a negative effect if you overdo it. I think everyone knows how much he or she can take, and there is nothing better tahn being careful and not drink too much as you might feel more awake yes, but you may be more energetic athan usual and end up rushing too much in making...

Both can do well. An introvert may be more focused and prefer to work things out alone, but generally he will be very keen on his personal strengths and analysis, and an extrovert can learn through others and be willing to share and that is good for learning too.

Feeling frightened and unsure is completely normal and it is soemthing that any trader ends up feeling even experienced traders. Obviously over time you can manage to control your fears a bit better. I believe that some fear can actually help you a bit as it keeps you more focused on whether you...

I think it is difficult to make a living solely from trading. It may be enticing as you would basically be your own boss and work at your preferred schedule etc, but considering the risks involved I doubt it would be something many traders would consider, especially if they are breadwinners.

Good points there. I agree that automating is an option for some traders. I came across https://fxmerge.com/strategies-results/51/ea-profiter and I would like to use italthough I am not quite sure how to go about it to be honest. Anyone uses it maybe?

You cannot really hope for a strategy that is going to be successful always. You need to be very very careful, and it takes time to develop a plan that can work well in most occasions.

I think one of the most important traits for a good trader is to be consistent. You cannot try to trade on and off or every once in a while. It takes time to get better as well as plenty of reading, research and analysis. You need to devote time and energy to it if you hope to do well. It is...

I am also a beginner but I am trying to stick to a daily schedule so as to become more proficient at it. I think it is very important to start with a demo account. I am currently also looking into the benefits of automated forex trading systems as they are great to analyse the current price...

Good tips. It is important to choose carefully as the broker wil have an impact on your performance to a certain extent. The platform offered by the broker you choose will have an impact too, as it is needs to be easy to use and as helpful as possible. Make sure to check the broker's reputation too.

I believe that motivation matters a lot. And you should not feel discouraged due to the risks and possible losses you made. Over time you will become more confident in trading and so your motivation should also improve.

I suggest you stick to MT4 especially if you are still quite new to it. It is ideal for scalping.

I generally stick to EUR/USD as they tend to be a good currency pair. Fluctuations tend to be considerable.

Very interesting point of view to trading. I must say I never considered it as an art form, but considering that you are basically trying out new things from time to time and being creative through your intuition I guess that yes it can be viewed as such.

Yes there can be various differences depending on the brokers.

Yes self discipline is important in trading. You need to be aware of your actions in a way that if you deviate in one way or another you manage to lead yourself back on track. It is therefore important to have a plan, stick to it, and whenever you deviate you are able to notice it and make...

It is easy to feel discouraged if you suffer numerous losses. However You need to remain focused, discern what happened and learn from mistakes and experiences, so that in the future you will be able to make better decisions. It is important to avoid the urge to give up and remain motivated as...

Yes binary options do offer benefits, such as being better able to control the losses you could make. You could also trade both short term or longer term, so they are suitable for any trader's preferences.

I rarely stick to a schedule to be honest as it depends at what time I can manage to devote to analysing what seems to be going on and I also prefer to be in a clear state of mind to think well before jumping to conclusions. I would like to have a set schedule to be honest as it might help me do...

Interesting points while someof them make more sense than others. I particularly think that the most important traits for a good trader are discipline and persistence while being wise and careful and basing decisions on past experiences and lessons learnt from them.

I have come to understand that predicting is not that easy. There are going to be charts and you need to read between the lines so to speak, so as to understand what seems to be going on. True you will try to think what will happen in the near future, but you can never be certain and so it will...