I remember feeling quite nervous when I first started out. In order to practice, I used several brokers including fxview & pepperstone, and slowly gained confidence in my trades.
Being a disciplined trader requires commitment and effort. Here are some steps that can help you become a more disciplined trader:
-Develop a Trading Plan
-Set Realistic Goals
-Follow a Trading Routine
-Use a Trading Journal
-Manage Risk
Remember, becoming a disciplined trader takes time and...
Considering your point of security of funds, I guess I can very well relate to it. I have been trading in forex for a while and this one factor is something that really matters to me and is one of my main reasons to go for fxview. They are regulated, have secure payment options, offers NBP, and...
As far as forex trading is concerned, thinking does include 95% because before actually executing any trade extensive research and planning are needed.
Just got an email update from Fxview that they are shifting svg clients to fsca. Personally, I think it is a good decision since a licensed entity would more safe. What do you guys think?
Read more, do more research, and create a strict trading plan for a week that you stick to, and then at the end of the week evaluate what works for you and what does not. Keep a small winning goal for yourself in the meantime to push you to work harder and with more discipline.
So, whether you are a scalper or a long-term trader, you have to think about which broker can work well for which strategy. For me, I noticed that fxview and pepperstone are something that fit my trading needs, plus they are also well-regulated and quite solid.
I don't believe that beginners always prefer to trade on the basis of scalping. Scalping is a type of trading. To determine the optimum strategy for a new trader. Before going live, the trader should test out several strategies on a demo account. What matters is that you try out different...
Yes, I do consider factors like hedging and scalping while choosing a broker. To be precise hedging is something that protects you from losses whereas scalping is a trading strategy that allows you to trade on the same day. These two are the trading strategies mostly used by day traders and EA...
Traders' common mistake could be a lack of motivation. when you first start trading as a beginner your biggest drawback could be a lack of knowledge but as you grow in trading keeping your motivation high is what matters the most.
@tony.m Losing money is bound to happen if you are not concentrating on how you are approaching your trade. Having proper management when it comes to your risk and money is important. I am sure that you will be able to minimize the loss if you incorporate the right strategies in your trade...
Simply put, the difference between demo and live is that in the demo, no real money is involved, whereas, in live, you trade with real money. A demo account is a good way to practice trading, but when trading live, you must be cautious.