bluemac
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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.
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Scalpers only wait for the right time to make their profits as the market moves sharply including volatility on news release. This broker allows trading during the news release.
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⭐ nadjib reacted to a post in a topic:
Will Bitcoin hit 100k?
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I think it might become a rare element like diamond or gold however it is just my assumption but maybe it comes true.
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The newcommers lose money because they come with a mindset of becoming rich right over the night after joining this industry. They do not cater trading as a business and treat it like casino to push buttons to make money.
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I guess the forex trading is better than the binary option trading in my opinion.
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I see with binance and coinbase evolution, there are many brokers like lmfx who started offering spot digital currency trading and some like hfm also offer bitcoin cfd trading too.