Search results

For profit, of course. Everyone trades for the profit. Obviously, there are some additional perks - it's a good mental challenge, it's exciting, at least sometimes - that is, when it's not stressful - but the main motivation is always money.

I certainly hope it will be better than 2021, let alone 2020. Those were two hard years for everyone, I think. :(

I firmly believe that EAs are for experienced traders, not newbies. To use an EA you need to understand how it works,, and how can a newbie do that when they can't even trade manually.

I think this is the best advice. Every trader's situation is unique, based on their available time to trade, their strategy, the currency pairs they trade, etc. Every trader should decide for themselves.

I agree, safety is the first thing one should consider when picking a broker, then everything else. Don't pick an unreliable broker just because it allegedly has good trading conditions.

Influencer Kim Kardashian and legendary boxer Floyd Mayweather are being sued by displeased investor for allegedly misleading promotion of EthereumMax. EthereumMax (EMAX) disputed those allegations, but the lawsuit has already been filed in a Los Angeles federal court. Despite its name...

The best time to trade is whenever the corresponding session of the currency pair you trade is open. For example, the London session for the EUR and GBP pairs, the NY session for the USD pairs, the Tokyo session for the JPY, etc.

That is a good way of putting, I agree. Some people are better suited to trade, but that does not mean that the rest cannot learn if they put their minds to it.

Hahaha, that's a great way of putting it, actually. Joking aside, the market is so hard to predict because there are so many variables at play.

Personally, I think EUR/USD can be quite volatile, as well as prone to long periods of range - something which is happening right now, actually - which is why I think one should be careful with it.

I think that may be a bit of an exaggeration - there are plenty of successful traders who do make a living off their trading. They are a pretty small percentage compared to the overall amount of traders, but I wouldn't say it's a miracle.

The cryptocurrency platform Crypto dot com allegedly lost some 15 million US dollars due to a hacking attack. According to a recent report, the company was robbed of about 4600 Ethereum and were allegedly “washed via TornadoCash”. The day before the reported hack the company had blocked...

I agree. Every strategy requires extensive testing and observation, as well as analysis of its results. It's not prudent to just grab a strategy and start applying it to a live account.

I wouldn't necessarily say they are less volatile, but I do think their volatility can be more easily predicted, since most traders know what it depends on, unlike the exotics.

I agree. If one cannot trade on a demo account consistently, it's a very poor idea to even consider moving onto a live account.

I think long-term positions are best suited to part time trading, since they do not require constant oversight and analysis.

I believe fundamental analysis takes these things into account, which makes it so difficult and complicated to conduct without extensive training.

The American regulator SEC charged an Australian man named Craig Sproule, as well as his two companies – Crowd Machine and Metavine – with fraud and raising some 40.7 million US dollars through illicit ICOs. According to the charges, said Initial Coin Offerings funds were raised between January...

I agree. It depends entirely on the trader to make use of any given currency pair, to find the appropriate strategy for it and to follow it in a disciplined manner.

The market is not that unpredictable. Good fundamental and/or technical analysis can predict it fairly accurately more often than not.