Recent content by maria_taylor

Well explained, actually forex is a complicated thing to understand and also it is not everyone's cup of tea.

Two years back i started reading about Forex and now its been almost one and half year I am trading.

You can trade BTC and other major altcoins including XRP, ETH, BCC on CFDs with the following brokers Coinexx (MT5), 500X leverage SimpleFx (MT4), 500X Leverage Whaleclub(No MT4), 50X leverage

Right! Forex is indeed an amazing place but if you are not passionate about it and just starting trading in the hope of making huge profits, then you can't survive here for a longer period of time. It requires enthusiasm, dedication, learning attitude and off course patience.

You are right, but do you think that relying completely on robots is a good idea?

Totally agree with you, if anyone uses demo account for random trading then it is of no use.

I completely agree with you, beginning is the most challenging part of everything.

Well said first focus on learning, spend enough time on demo account and it is advisable that as a newbie always start trading with a small amount.

First of all spend enough time to understand the Forex world, learn as much as you can, keep updated yourself with all the major events happening in the Forex world and try to understand technical as well. Once you have a good understanding of market then start trading on demo account. Good luck!

I completely agree with you, actually demo is like the trading laboratory. We can test here any kind of trading strategy before implementing it in real trading world. But if traders won’t take demo seriously then surely it will hamper their psychology while trading on live account.

Yes you are right, there may be several reasons of losing in forex, along with the less knowledge of basics and fundamentals, poor money management, lack of experience, indiscipline are also the common reasons which are responsible for traders lose in forex.

Technically you can trade with a bank who exchanges currencies. But you have to pay hefty fee to the bank in return of exchanging your currency every time. Moreover, you cannot enjoy the other services like leverage, deposit bonus etc. But still if you want to trade without a broker than you...

You are absolutely right, it is the golden rule of trading that "Don't put your all eggs in one basket" . This is followed by every successful trader. Along with this they are disciplined, patient, follow proper strategies and keep themselves updated with the market conditions.

What is the need to deal with multi brokers if you are already satisfied with your current broker?

I think a new trader required to be more mentally stable, as professional traders have already gone through the pressure and stress and now they know very well how to handle that.