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- ThinkMarkets replied 19 hr ago
Do you use stoploss or not? Yes, stop-loss orders are recommended in any trading strategy. They are a crucial tool for managing risk and protecting a trader's capital from significant losses. Why do you use stoploss and why you don't? The primary ...
- ThinkMarkets replied Jun 3, 2024
Feeling anxious when trading is normal. However, if it's heavily affecting your decision making, then here are a few strategies to help you maintain a healthy mindset 1.Develop a Trading Plan - Having a clear plan with predefined entry and exit ...
- ThinkMarkets replied May 30, 2024
Trendlines work because they help traders visually identify and capitalise on prevailing market trends. They are drawn by connecting multiple price points over a period, creating a straight line that represents support in uptrends and resistance in ...
- ThinkMarkets replied May 20, 2024
Interest rate increases can strengthen a country's currency. Higher interest rates provide higher returns on investments in that currency, making it more attractive to foreign investors. As investors buy the currency to invest in higher-yielding ...
- ThinkMarkets replied May 15, 2024
Absolutely, using a demo account is a highly recommended step before transitioning to real trading. Demo accounts provide a risk-free environment where you can familiarise yourself with the trading platform, test your trading strategies, and ...
- ThinkMarkets replied May 13, 2024
"Staying motivated as a new trader can be challenging, especially when faced with the inevitable ups and downs of the market. One effective way to maintain your motivation is by continuously learning and building your confidence through trading ...
- ThinkMarkets replied Mar 26, 2024
The choice between using a trailing stop and a take profit order ultimately depends on your trading strategy, risk tolerance, and the specific market conditions you're trading in. Both tools are valuable for managing risk and securing profits, but ...
- ThinkMarkets replied Mar 22, 2024
Consistent practice, discipline, and adherence to a set of well-defined rules are required to become a successful trader. Even then, there are still factors that are out of the trader's hands that may result in losses. Here are some of the rules ...
- ThinkMarkets replied Mar 21, 2024
Deciding the right time to buy Bitcoin, or any asset for that matter, often boils down to thorough research and understanding market dynamics. It's crucial to 'do your own research' (DYOR) to make informed decisions. One significant factor to ...
- ThinkMarkets replied Mar 20, 2024
Both markets offer unique advantages and cater to different types of traders. The choice between the two ultimately depends on the trader’s availability, goals, preferences, and the kind of markets they feel most comfortable navigating. The stock ...
- ThinkMarkets replied Mar 19, 2024
Leverage is a double-edged sword. Moving beyond a 1:1 risk-reward ratio in trading is a significant step that can potentially increase profits, but it's important to understand that with higher potential rewards come higher risks. A risk-reward ...
- ThinkMarkets replied Mar 15, 2024
For beginners, the concept of leverage can be tempting. Multiplying your profit by 2000? Sign me up! However, it's crucial that you understand that leverage comes with both benefits and risks. Opting for high leverage allows you to open large ...
- ThinkMarkets replied Mar 12, 2024
Scalping involves making a large number of trades to capture profit from small price movements, often holding positions for short periods of time. While a profitable strategy when done correctly, it requires specific conditions, discipline, and a ...
- ThinkMarkets replied Mar 11, 2024
Becoming 'emotionless' in trading might not be entirely achievable, as emotions are a natural part of the human experience. However, it is possible to reduce the impact of emotions on your trading decision. Emotional trading often stems from ...
- ThinkMarkets replied Mar 7, 2024
To answer your question, yes 20% profit every month is possible. However, that is an ambitious target. While it is possible, it's important to understand the context and risks involved, especially when it comes to forex trading. Achieving such a ...
- ThinkMarkets replied Mar 6, 2024
In trading, leverage is considered a double-edged sword. It has the potential to significantly amplify profits despite limited capital and small movements in the market. However, this also goes the other direction where losses are magnified and can ...
- ThinkMarkets replied Mar 5, 2024
Leverage is a double-edged sword in trading. While it has the potential to significantly amplify your profits, it also increases the risk of incurring larger losses than expected. The key to using leverage effectively lies in careful risk ...
- ThinkMarkets replied Mar 4, 2024
Managing trader anxiety is an important step in a successful trading journey. Start with a solid trading plan that outlines your strategies, risk management, and specific goals. Incorporating mindfulness and stress-reduction techniques, such as deep ...
- ThinkMarkets replied Mar 1, 2024
Absolutely, starting with a demo account is highly recommended before diving into real trading. Trading on a demo account offers a risk-free environment where you can familiarize yourself with the trading platform, test your trading strategies, and ...
- ThinkMarkets replied Feb 29, 2024
Dear traders, We're excited to announce our Monthly Demo Trading Contest. Trade your way to the top and win up to $2,000! Registration is free. The next contest is scheduled to start on March 1, so make sure you register now! Monthly prize pool: ...