bluemac
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Essential part of the risk management and churning with the possible probabilities to lose less and win more. This is yet another skill which is required for consistently profitable forex trading.
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Introduction To Online Forex Trading
bluemac replied to StefGrig's topic in General Forex Discussions
I guess better going through some of your own research shortlisting a few brokers like hfm, xm, exness, lmfx etc and comparing them together to find out which one suits to our needs. -
I see the gold and bitcoin, to my surprise they both been touching the all time highs and not sure when they get dumped making a reasonable correction.
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It is good actually to wait for the market volatility to settle down initially and then looking for the setups or staying on the sidelines just watching the markets.
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We would like you to enlighten us more about what this link is intended for..? For trading transformation, i believe there are many resources out there on every google search and then there are many brokers like hfm etc which provides online webinars for free to educate the traders.
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Forex Basics 4 Advanced&Beginner Traders
bluemac replied to StefGrig's topic in General Forex Discussions
Forex is a very professional market which does not allow any trader's mistake so it is better to go and back test the strategy on a demo before implementing live. -
No doubt, the babypips remains a good resource for quite some time however there are many brokers like hfm etc offering free educational webinars for free.
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This traderpot is increasing in value, i don't know how long will this promotion last! Good for the forex traders in my opinion.
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Depends on how much risk we can take, scalpers and news traders usually have high risk averse and also experienced to hedge against the market therefore, new traders should instead try to avoid trading during news or high volatile market conditions.
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The real profitable traders have two things in common, one is they have focus and the second is discipline which means sticking to their plan.
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There are also some digital tokens like $lmgx which can be collected at cheaper prices and can hold for future to sell it on higher prices. The point is simple that the earning money is not limited to mining only. We can trade assets on forex brokers, buy or sell the spot cypto and can buy some digital assets directly from their ico phase beside the mining operations.
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We can expect anything in this trading world especially when it comes to digital assets since the new era being revolutionized by the digital currencies and everyone now is able to transfer millions of funds from one place to another within minutes using the digital currencies in a simple manner without involving banks of other intermediaries. So in short, i guess that this might change or replace the gold too in future.
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It is actually better than trading a simple demo account because it at least give you an option to win prize money beside back testing or trading the real market conditions using a demo.
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Miners consume electricity and other resources too while i guess this may inefficient now however trading is more lucrative these days to make more money within no time. I also noticed that many brokers like hfm now allowing btc cfd trading.
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Monetary prizes are also boost morale and helps trading with more confidence in my opinion.