#Forex

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How is AI changing the way trading works?

Uriah Hansom

I think AI assistants will make individual traders much more effective at filtering and processing information and evaluating strategies, and I think it's possible that AI could be an information equalizer between the individual retail trader and the "professionals".

What is the worst thing that bothers you in Trading?

z163634114

Please refrain from investing and read reviews. I kindly ask anyone who reads this review not to invest in this platform. This is a major scam. They had a pleasant conversation before investing and display early profits. Please take note that there is no withdrawal option. You must obtain their consent. My wallet was stolen by a con artist using a phishing scheme. The 2.8 BTC were taken. I was able to find my misplaced item by getting in touch with Jeff at jeffsilbert39 gmail com. Jeff assisted me in recovering my misplaced currency. be cautious, folks. ....,.,...

Profitable & consistent daytraders, how much did you lose before making it?

fong zi cheng

I would say my journey of trading FX wasn't very tough. I started off young so therefore the capital wasnt too huge but I lost 80% of what I deposited. The reason of the loss was due to trading without proper risk management and greed. I started investing time into learning and got myself to who I am today.

How to explain leverage in the forex market?

April Michael

Learn to calculate leverage. Or excel it out. Law of deminishing returns kick in > 4:1 Not saying use it or don't. We all have. And knowledge is power.

Which is of greater significance and simplicity for you: a High Risk-Reward Ratio (RR) or a High Win Rate?

saifalhilali

I think it's a mix of both For example 55% win rate with risk to reward 1-1.5 still profitable And 45% win rate with risk to reward 1-2 also profitable

Are Forex Bots Profitable?

sifusteve

Never used before. Therefore, cannot really answer it. However, some bots do well, some don't. Its programmed by humans. If the human is not proficient in trading, therefore the program will not be as profitable.

I keep repeating the same mistake

Yehudi Moll

Not adjusting trading strategies to changing market conditions

What have you learned from your trading experience?

Nguyễn Thành Lợi

The important thing I learned after those losses was discipline and emotional management

Is it logical to give promised high returns for investors?

Nora Dewar

The market is uncertain so don't give certainty because everything is still a possibility

Should we trade when we are sad or angry?

fong zi cheng

It is best to trade when your emotions are completely in a peaceful mode.

How Long Till I Become Consistently Profitable?

Chandan Gupta

In reality, I have no idea, and no other mentor/trainer does either. Why? Becoming consistently profitable depends upon the following; a) how much time you can dedicate to this b) your experience/skill level c) how fast you will digest it d) your psychological and emotional disposition (trading mindset) e) how disciplined you are in following the rules f) how the market will be in the future There is probably more, but based on all this, how can I give you a specific answer? Now, I’ve had students do this in a couple months. Some took six months, others took a year or more. In all honesty, there is no way for me to know or answer this specifically. Insight: For some reason, when people approach trading, they seem to have a general myopia about the learning process. Imagine walking into a martial arts school and asking, ‘how long till I become a black belt?‘ Or a beginner walking into an archery school asking the head teacher ‘how long before I can consistently hit the bullseye?‘ Would you really walk into any of these schools and ask these same questions? Does any of the above scenarios make sense to you? I’m guessing not, so ask yourself why you feel trading is different? I understand why you are asking this question – I really do! But this is not the question you should be asking. What you should be asking is the following question: “What are the skills I need to become a consistently profitable trader” This same type of question can be asked in any of the above scenarios and would be totally appropriate to ask. In fact, they would actually speed up the learning process for you if you approached your training this way. Food for thought.

Do you think making decisions from one timeframe is enough?

Gregary Herty

Adding more will just confuse the geewillikers out of you and you'll suffer from analysis paralysis, then proceed to go crazy.

What are the best timeframes in forex trading?

Chandan Gupta

Best forex timeframes for scalpers Scalping is a trading style that involves identifying small price changes in the forex market and then buying and selling high volumes of currency over very short periods. By repeating this strategy over time, scalpers aim to build up a series of little gains that add up to a decent day’s profits. Scalpers usually work within very small timeframes of one minute to 15 minutes. However, the one- or two-minute timeframes tend to be favoured among scalpers. To action this strategy, you must choose a highly liquid currency pairing. Buy into the market and watch the market movements, and use trend analysis to identify an appropriate entry point. You can then buy a certain amount of your chosen currency and wait for it to tick up very slightly within a one-minute window. Once it ticks up, you sell your holding and bank the profits, then start the process all over again. If it doesn’t tick up by the end of the one-minute timeframe, you’ll sell at a small loss before trying again to profit from a new one-minute timeframe.

Will the dollar rally continue?

diZ6929899

Dollar will still go stronger because of other currencies decreasing value

WHY do you think you still standing here in this industry?

fong zi cheng

The reason why I am still here is because I am profitable and I am living the life I want.

What kind of skills do we need to be profitable and forex?

saifalhilali

One of the powerful mental skills is discipline to follow the setup or the edge or the rules we put to ourselves .

Why Do Majority Of Traders Lose Money?

fong zi cheng

How should I analyse the market?

Chandan Gupta

A good trading coach should be able to explain to you the advantages and drawbacks of popular market analysing tools, such as technical, fundamental and sentiment analysis. While many successful traders base their trading decisions on a combination of two or more analytical disciplines, such as technicals and fundamentals, there are also many traders who’ve mastered only one approach and trade profitably with it. If your trading style requires longer-term trading, then combining fundamental analysis with technicals might be a wise decision. Currencies follow the development of macro-fundamentals in the long run, and market-moving reports can easily break a well-defined support or resistance zone. Traders who combine fundamentals in their trading are able to anticipate large exchange rate moves and increase the success rate.

Does a profitable EA exist?

fong zi cheng

which one you prefer, forex or crypto? and why?

Vincent Norris

I prefer Forex, it is less volatile