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- Akila105 replied Jan 16, 2023
a) To become a successful trader, one should have a strong understanding of the markets and the assets they are trading, as well as a solid risk management strategy. It's also important to continually educate oneself and stay up-to-date on market ...
- Akila105 replied Jan 16, 2023
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- Akila105 replied Jan 16, 2023
Stop loss is a risk management tool that allows traders to limit their potential losses on a trade by setting a certain level at which the trade will be automatically closed. Many traders do use stop loss in their trading strategy as it help them ...
- Akila105 replied Jan 16, 2023
Forex trading can be challenging for new traders, and it's common for traders to experience periods of frustration and loss of motivation. Here are a few tips to help new traders maintain their motivation: Set realistic goals: New traders should set ...
- Akila105 replied Jan 16, 2023
Forex demo accounts are often used as a stepping stone before moving on to live trading. They are designed to provide traders with a simulated trading experience that closely mirrors the real-world market conditions. Demo accounts allow traders to ...
- Akila105 replied Jan 16, 2023
Martingale and hedge are two different trading strategies that can be used in the Forex market. Martingale is a strategy that involves increasing the size of a trade after a loss in order to recover the lost amount and make a profit. This strategy ...
- Akila105 replied Jan 16, 2023
Demo accounts in Forex trading are often used as a tool to practice and test out trading strategies before applying them in a live market. The prices and conditions in a demo account may be based on real-time market data, but they are not exactly ...
- Akila105 replied Jan 16, 2023
Moving averages are a commonly used technical indicator in the Forex market. They are used to smooth out price data and help identify trends in the market. One of the main reasons why moving averages are important is that they help traders identify ...
- Akila105 replied Jan 16, 2023
There are several reasons why new traders in the Forex market may lose money: Lack of knowledge: Many new traders enter the market without a proper understanding of how the market works and how to analyze currency pairs. This can lead to poor ...
- Akila105 replied Jan 16, 2023
Have realistic expectations: The Forex market can be volatile and unpredictable, so it's important to have realistic expectations about the potential returns and risks involved. Develop a plan: Having a well-defined trading plan can help you stay ...
- Akila105 replied Jan 16, 2023
The Forex market is a decentralized market, which means that there is no central authority or exchange that sets the prices. The prices are determined by the supply and demand of the currencies in the market, and are influenced by a variety of ...
- Akila105 replied Jan 16, 2023
It is difficult to say which is the "best" Forex ECN broker, as the choice of a broker will depend on an individual trader's needs and preferences. However, some ECN brokers that have a good reputation in the industry include: Dukascopy: It's a ...
- Akila105 replied Jan 16, 2023
Forex CFD (Contract for Difference) prices are anchored to reality through real-time market prices. These prices are based on the exchange rates of the underlying currencies and are constantly updated to reflect changes in the market. The price of a ...
- Akila105 replied Jan 14, 2023
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- Akila105 replied Jan 14, 2023
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- Akila105 replied Jan 14, 2023
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