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aimhi
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Everything posted by aimhi
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There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
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Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.
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In my opinion these candlestick charts are more easier to understand as compared with the other charts.
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I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
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There are many resources related to forex trading available on forums like babypips and forexfactory etc.
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How do I interpret candle stick chart in stock market?
aimhi replied to nameeta26's topic in General Trading
Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money. -
Thanks for sharing, also have a demo for backtesting and refining any current or new strategy before implementing on the live accounts.
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Are you an expert when you win, a beginner if you lose?
aimhi replied to jason.lee's topic in Beginners Forum
Traders should get their hands on journaling in order to review them for improvements and learning from their mistakes. -
Nowadays, it is really becoming hard recommending any broker since there are many new players joining this industry while many somehow winding up as well. So, it is good to check broker's reputation and number of years in service before opening live account with them. I guess HFM has a good past reputation in my opinion.
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Candlestick patterns are easier to understand than any other charts in my opinion.
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Yet being bad at contest but keep participating can be good to perform among the competition showcasing the skills and earning prizes as well. I guess even if there is no prize it helps us measuring our strength.
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Gambling and Trading are two different chapters however many new forex traders take it as gambling which lead them to losing money because whatever we take into casino is theirs.
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I always stick what Warren Buffet once said: "protect your capital", so whatever you risk keep in mind that it would be something that you can afford to lose and if you risk you can make some profits out of it.
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Demo trading contests are always good since they come up for free and give you a chance to stand out of crowd by showing your skills and earn a prize too as an appreciation.
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I guess the FPA can have some actual insights of the trader regarding any broker of your choice so we can check it before finalizing any reputed broker.
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In my opinion this usdt is the only stable coin which is being traded against the btc and other crypto currencies since a long time now.
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I hope you might have got this EA working on your MT5 platform or have you been using any other profitable EA now.
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Candlestick charts are easy to read as compare to the other price charts however it may take some time and practice following these charts.
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The traders need to think about what personality traits do they have in order to find out which type of trading best suits them. So if you are able to react quickly around the changes you can do short term trading but if not then you can go for a long term trading career in my opinion.
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It is so hard because we don't want to learn those necessary skills that needed to make money out of this marketplace.
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Many new traders go hunting for money in forex trading similar to gambling since they do not have the idea of whats going on in the market so they end up losing money. Better is to learn how the forex or any trading mechanism works in my opinion rather to end up wasting the time and money in this marketplace.
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Markets become volatile during the news release or during holidays (christmas etc), i preferably avoid trading during the high impact news releases since you never knew which one sided direction market may tends to reach for during such high volatile periods.
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They have a payment wallet however i usually withdraw my payments in ewallet and the transfers are usually instant.
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Many new traders quit the markets after losing money (approx 90%) , some stay in the market and eventually they also leave within the next two year and those who stay for longer are the few which makes the top successful traders.
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Agreed since every market crash is yet another opportunity of making money yet people got scared and stay away from the market at that times.