Yup it is gaining popularity however there are also some rumors that it might become a bubble which can also pop..! Yet its popularity is growing day by day.
EURUSD means the EUR price against the USD either it will go up if the EURO strengthen or may go down if EUR currency becomes weaker against the later one and vice versa.
Yes but it would hurts when you open trade in a bad mood which goes wrong and even after several weeks you keep waiting for it to reach the break even.
In my opinion you are more than welcome to assist the new traders here on earnforex, and this is the best part of this forum that every one is looking for helping the others. Good work!
That's means you might be a day trader or scalper because SL is a recommended option and it is not mandatory though.. moreover i rarely trades during news release because the markets become more crazy and kinda unpredictable.
Everyone has their own opinion and you are right about starting a small account however i started trading demo account with hotforex and then switched to their micro account as well just to get some good hands on trading. Now i am trading with good ROI and my amount is diversified with more than...
In my opinion this bitcoin will go more than 10000 usd this year end or even more because i also heard amazon is going to add it as a payment method however there are majority of others who think that it is only a bubble which can pop too but till then we can make good out of it in forex trading.
Things like "how can i achieve this.." or "i can do it.." produces positive vibes in mind which enable it to think and rethink about how we can turn any impossible into possible one so positive minds makes their way to success and negative minds stay where they are.
In fact the forex trading business can only be termed as the legit business available online these days however on the other hand, it is riskier too because forex trading is easy but earning money from trading require learning the necessary skills before anyone jump into this business.
Choosing the right broker is really getting harder these days however it is better if we can make some research by shortlisted a few decent brokers and testing them for some while before finalizing the right and top best among them.
Demo accounts are good to take insight about any broker without investing any money with them. In fact these accounts also help new traders to learn the forex trading processes more easily than any other said methods and they are i guess the biggest asset for any successful traders. So the new...
Obviously everyone will move to MT5 when MT4 seized up working however till then my experience and hands on MT4 is good so far, lets see what works in future.
Worst time in my opinion is when we are mentally occupied or under stressed because at that moment even a good trade ended up bad i guess. I also avoid trading when i am under high pressure and usually avoid trading when the markets become highly unpredicted.
Besides all this i would suggest new traders to learn how resistance and support works which might be really helpful for them if they wish to earn money from forex trading.
Many professional traders uses this stop loss technique in order to reduce their risks in the event when the odds start moving against them so if they loose, they loose less because of this stop loss.
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