Search results

Most traders can't really do both types of analysis. That is a whole lot to learn - most people focus on just one and have a passing understanding of the other.

I agree. I think it is better to learn how to trade on your own before you start trading with an EA. It's important to understand the EA to use it properly.

I don't know about that. Do you have any statistics to support that scalping offers the best profits?

That is true. Forex profits are neither easy nor quit, and it's important to go into trading with that in mind. If one is willing to put in the time and energy and effort to learn, however, it can be very rewarding.

If a person has an anxious and/or nervous personality they may not love trading after all. Every person is different, there's no shame in realizing trading is not for you and moving onto something else, I think.

The Ronin Network was hacked and lost a whopping 615 million US dollars. The perpetrators made off with that sum in a relatively short time, committing one of the largest crypto heists in history, maybe even the largest cryptocurrency heist in history. The Ronin Network was apparently hacked on...

It's certainly a source of plenty of stress for a lot of traders, for better or worse. Also, traders don't necessarily have to take on a lot of risk - if anything the idea is to reduce risk.

Peer pressure how? Did your circle of friends consist of traders?

I agree. Having a well-organized trading plan includes all that, as well as a number of other necessary things, at least in my experience.

Robots have their use, but it is limited and only in concrete situations. One has to be an experienced trader to be able to recognize when it's a good time to use their robot.

I agree. Forex trading is a marathon, not a sprint. If you take it as anything else you'll likely end up losing money and get a completely skewed perception of what trading is.

The European Supervisory Authorities (ESAs) issued a warning to the public about the risks involved in cryptocurrency assets. According to the warning, many such assets are highly speculative and consumers “face the very real possibility of losing all their invested money if they buy these...

Most traders are self-taught. I recommend looking for good sources of information and then testing and practising your knowledge on a demo account. Don't use real money while learning!

I think the vast majority of the people do it for the money. Some certainly enjoy the challenge of it too, though.

If I did not love trading, I would not trade. I think one has to at least enjoy it to be able to do this all the time.

I think to use a forex robot properly one already has to be pretty knowledgeable. The idea that a newbie would plug in a robot and sit back while it makes a profit for them without understanding how or why or the strategy behind it is not very productive.

Even that much is too much for me. I have never used more than 1:200 leverage, and I've been quite careful about it.

Thailand’s financial regulator, the Securities and Exchange Commission (SEC) announced that it is planning on banning the use of cryptos for the purchase of goods and services from April 1st. This decision was made after consultations between SEC and the Bank of Thailand (BOT) on the necessity...

Without a trading plan you just end up trading at random, which is little better than gambling, and no gambler can profit on a regular basis.

With some brokers that don't offer such protection you can actually go into the negative and end up owing the broker money.