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aimhi
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Everything posted by aimhi
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Yes exactly without practicing all of the learning will end up omissions so better doing a demo account to trade on a real time market conditions from any broker you wish to learn things more easily than any other learning resources.
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I am trading fx however i have heard a lot about these nft(s) and willing to take some time looking how they works. Any help would be really appreciated.
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I guess taking calculated risk we can make our account grew into good balance over the passage of time yet it requires patience and avoiding over trading and over leveraging the trades.
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Starting with small amounts always pave the ways because we can further test the broker processes like withdrawal etc which we can't usually test through their demo trading.
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Most importantly those intraday traders does not have to pay for any swap charges because they does not hold any positions over night.
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Small amount starts have many benefits like one of them is that we can test the broker's further processes like withdrawal etc which we usually cannot test using their demo account.
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Success mostly depends on the traders skills and broker contribution is also required as they usually are those who provides all the necessary tools to initiate trading in the forex markets.
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You might be right because many scalpers trades turned into hedging and then due to high leverage they ends up losing money and blaming others for their loses.
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I do recommend new traders to look for the major forex pairs for trading as they comes up with good liquidity and low spreads.
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Small amounts can be helpful in testing brokers other processes like withdrawal etc which we can't usually test through their demo account so i think small account start ups can be good enough for a new trader going live with a new broker.
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Yes i agree we can make a living even by trading with small amounts provided we know what we are doing. It only takes time to master the skills yet we can learn them honestly.
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Some top traders even make more than this 300 in my opinion and we cannot under estimate anyone as there is a lot of talent here in the trading industry.
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Three Rules Every Stock Trader Should Follow
aimhi replied to inthemoneystocks's topic in Beginners Forum
These small amount accounts can be a good start even to test the broker's processes like withdrawal etc which we can't usually check through their free demo account. -
Advice for Beginners....don't Try to Make Money.
aimhi replied to TheNegotiator's topic in Beginners Forum
Exactly anyone should focus on learning first money came in for sure if they learn the required trading skills. -
The basics can be learned through forums which are in fact easy way to interact with professional traders as well in my opinion.
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Only give time to sit and learn from the available resources, more importantly trading a demo account also improve the trading skills within days.
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Still the bitcoin market conditions seems to be uncertain so i am only considering it as payment deposit or withdrawal option from my brokers.
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What is the difference between Forex and CFD Currency Trading?
aimhi replied to David Carter's topic in Forex
I am interested only in trading currencies and most importantly major currency pairs which have less spreads as compared to the exotic pairs. -
I think that the brokers usually takes whatever you deposit with them but i think we should start with small in start and then grow the account gradually.
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That's a good elaboration and i agree with your thoughts.
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Advice for Beginners....don't Try to Make Money.
aimhi replied to TheNegotiator's topic in Beginners Forum
Yes everyone have a different personality with a different mind set we should figure this out before staring trading. -
I guess the MT4 trading platform is good for now although the mt5 is rolled out in the market but better sticking with the one i told you earlier.
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Yet we should avoid trading with live funds if we are new traders, we should only go with the demo account in start.
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I am not behind the idea of sticking with one but I also endorse the idea we can diversify our portfolio. I tried writing that we should go with the reputed broker rather than choosing any unregulated plus unreputed broker.
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Everyday new crypto is launching and i can say those coins which goes up and give healthy rewards are the best while those who does not perform are the worst in my opinion.