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bluemac
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Leverage is something to be kept lower in start since the new traders being unaware of the market conditions can blow up the accounts so better to adjust it accordingly.
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I think sticking with the demo for a minimum of six months before jumping to the live trades or else we can burn our live funds which could be saved if choose to stay on a demo while learning.
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Cryptocurrencies and gold: You need to take a position
bluemac replied to fahdforex's topic in General Forex Discussions
Looks like both of the commodities looking for a deep correction and then may go up again since for now it looks like blood bath making panic among those who bought it at the top. -
Cryptocurrencies and gold: You need to take a position
bluemac replied to fahdforex's topic in General Forex Discussions
I think the crypto or alts are competing with the gold and other trading assets, let see how we transform a transition from fiat to digital assets in the near future. -
I think trading comes through practice and only watching without practice is just leading to nowhere in my opinion.
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I think if we make any lose we reduce the risk amounts as well, while if we win we should not anticipate any more in trading.
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Forex Basics 4 Advanced&Beginner Traders
bluemac replied to StefGrig's topic in General Forex Discussions
Agreed, that's why it is recommended for new traders to look at the higher time frames to analyse if they wish to trade rather than trading on smaller timeframes. -
I think we need to start with small while learning and choose any reputed broker like hfm, octa, exness, lmfx etc as our trade partner. Learn the skills carefully and pratice on demo or either with those small funds and grow.
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I have been crypto enthusiast as well holding some of the altbags lately and still waiting for the bull run which was supposed to be in the late 2025. I am quite confident that this will be in 2026 for sure so can you predict how far this token can grow!
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Agreed since that school of pipsology have served for a long time in this trading industry however the brokers like hfm, xm, lmfx, etc also have demo learn & earn or demo to real trading contests which can be used to earn money while learning how to trade through demo accounts.
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All of these pairs are major one which are more liquid than any of the other currency pairs which are not paired with the USD. They have average competitive spreads and more liquid while comparing to the exotic pairs.
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Cryptocurrencies and gold: You need to take a position
bluemac replied to fahdforex's topic in General Forex Discussions
Both bitcoin and gold was worth buying in the past and still we do not know how far it will go in the upcoming years. -
Yes you are right because it is a very professional market which does not even spare traders' mistakes so my loss is someone's gain and vice versa.
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Become organized and disciplined in beginning.
bluemac replied to a topic in General Forex Discussions
So the successful traders have two things in common, one is the discipline and other is the focus. We first start with a trading plan and then stick to it with periodic reviews for improvement till we succeed in this business. -
Learning is the key and if someone is actually making any money just because of luck then that might be coincidence for a limited time.