Forex market and stock market both have buying and selling of currency and stock, changes in price fluctuation tends the trader and broker to earn profit. It depends on the market condition and strategy used by the trader w.r.t profit.
Yes it is very true that Covid-19 is very bad as it have disturbed the whole interational and national markets also. This has been such a period where all stocks are down and traders are facing loss.
They are some quality a good trader have, firstly to have proper knowledge and skills about forex market secondly to be emotionally and mentally stable yet strong which will always help a trader in his low time or peek times also.
Very truly said it is better to stay out from such situation where you known the probability of loss is high and fear of loss may tend the trader to take wrong decision by which he will loose even the capital amount invested.
Demand and supply analysis can be done where their is fix variable and we can assume some factors, but here in Forex market everything can fluctuate in a mint, Demand and supply analysis may or may not work.
Demo account in Forex is added advantage for new trader as they get to trade without any fear of losing money. They can use their skill and strategy here before applying to the actual market.
Once you make profit the confidence boost high and you are very much interested to trade the next one. The profit made is either used for next trade transaction with can incur any profit or loss depending on the pair of currency trade or withdraw it for your personal financial need which may be...
Trading is easy for the one who is having in depth interest and expertise in trade. Who can make out the changes and predict the currency fluctuation of foreign exchange market. Risk is involve with each transaction of trade, hence its not too easy but not difficult also.
There are many traders saying that demo and real account are different, but reality is the demo account is emotionless because you have notice this while working on demo account.
Agree, reputation help us to trust some one that the condition of the broker. Regulations is allso having its own important, without it, you can not trust for future.
Every trader is knowing the fact about MT4, why everyone likes it and use it still in trading. The easy and understanding software of MT4 is always useful.
Emotions are the main key of trading and learning, Demo is just for learning the tools and activity. Main part is emotions and feelings which we have to control.
Why should we discuss on gender, it is good that females are there for trading. But what is the need to discuss, we all know, there will be female traders in this market.
It is better to check the legal body with FCA and always check the complete website of the broker so that we can know how actually the broker is working.