As many questions about Forex, is the Forex market not for you?
What is Forex ?, Why are you doing Forex?
If you make a profit by forex, then why not Bill Gates?
Is it possible to earn money from forex? How much did you earn?
How long have you been trading Forex? Forex will not go?
There are some traders, they just analyze, they analyze that they can't make a profit from the market and provide it. But why?
Where is the difficulty in teaching your country's brothers for free?
Is the forex halal in Islam?
Where does Forex get so much money? Isn't it gambling again?
If everyone makes a profit, where will Forex pay so much money?
If Forex is so good, why does everyone lose?
Faced with thousands of other questions, when you try to answer them with a cool head without creating any confusion, you will realize that you are really good for forex trading.
When a trader begins to see the face of success after years of continuous pursuit, it is the fruit of that trader's own experience. Maybe he has some good guidelines behind it. Because if there is a guide in front, there is no fear of getting lost easily.
And when this trader is unable to teach all his experiences to anyone else who wants to do forex very quickly (within 3-4 days) or demands a little behind this hard work, then some people leave their face blackened nonsense on a Facebook post, Like Forex no juice powder. You can learn by playing with confusion. Why brother, why are you blaming only those forex traders? The big outsourcers earning lakhs of rupees have started training by opening various types of IT firms in return for what? They also make a profit online.
Everyone should learn to value someone's hard work. Otherwise, you expect to earn thousands, millions of rupees from Forex and do not try to learn from somewhere good. Go around for free like the government relief fund. So in this case, why only you, even a helpless child will say in one word, it will never be possible for you to learn Forex.
One thing to note here is that the person you are going to learn from understands Forex well. At present widespread fraud has started with it. There are some Lao people who try to run with what they get by trading and losing. Everyone needs to be careful of them.
Again, there are many who think that Forex is a money tree and start trading. But after eating the loss, he started talking about the opposite. Those who are making a profit by forex, why they are not Bill Gates, etc., etc. I tell them, brother, forex is not a money call. It's a business. Maybe it's a currency business. So why Forex, you can be Bill Gates if you make a profit in any business. What is the need to pull the forex?
One thing to keep in mind, Forex is a business like any other business. So plan your trading plan with specific targets just like any other business. Then proceed slowly. Gather different types of strategies and information from different places and keep practicing with them. One day the market will be easier for you.
Keep practicing with any strategy of your choice. Don't even look at any other strategy. Remember all strategies are good if you stick to them well. You see, you too have started making a profit. One day you too will succeed.
And remember, being successful doesn't mean being Bill Gates. Identify your workplace first. Then you can know your own situation. Thanks, everyone.
What are the habits of successful traders? How can you implement these habits in your own trading to achieve better results? In this article, you can find some tips about trading habits that may help you achieve better results. The better way to achieve success in trading is by having good trading habits. Find out what these are and how you can implement them.Self-controlFirst of all, one of the most important characteristics of a trader is self-control. Once you develop a winning strategy, it's very important to control your actions and emotions when time comes to put it in practice. Some traders are not so successful because they cannot handle their actions when trading. In this sense, although they have a very good strategy, they let their emotions interfere too much, which may be prejudicial. Highly successful traders are often capable of becoming emotionally detached from their profits or losses. This can be very hard to achieve, but it's all about being capable of doing the right thing regardless of the amounts involved. The ultimate goal should be to trade well instead of making money – and the results will eventually come.Accept RiskAlthough trading allows you to make a serious amount of money, it may also lead you to lose a lot. This is a risky activity where high potential losses are involved. This means that, if you want to be a successful trader, you need to accept all the risks involved. You also need to be able of taking losses without it affecting your strategy. It's impossible to win every time so it's important to know what the stakes are from the beginning.Once you manage to deal with risk, it's time to test your own limits. Some traders are risk lovers and can handle a major drawdown, while others prefer safer bets. Before starting to trade, it's better to know what kind of risk can you handle and develop a strategy from this point on.Keep Stress at BayA successful trader should also be able to withstand a high level of stress. Real money is involved, and it's easy to lose focus once the market starts going against us. During such times, keep your rationale over your emotions. If you can make the right decisions under stress, probably your actions will be the right ones.Be Patient and Adapt to the MarketThe fourth essential habit in trading is to be patient. You don't need to be always trading to make money. The better trades come when you wait for the right time. If you wait for the right market conditions to apply your strategy, there's a higher probability it'll be more successful.Establishing trading habits through psychology is the best way to apply it to your daily life.Every day is different and the market may easily change drastically from one day to the other. Successful traders are the ones who can easily adjust to the market conditions and even profit from these changes. The first trader to realize a trend reversion and trade it is going to profit more. What was true yesterday may not be true today, and so it's always important to be prepared to adapt quickly.Be ConfidentYou must be confident about your trading. If you did your analysis properly, don't be afraid to enter a position. There are a lot of great analysts that are poor traders because they are not capable of "pulling the trigger". Doing the research and testing a strategy is only half the way. The other half depends on the ability to enter the trade at the right time. Don't delay your actions, otherwise when you finally go in, the market may have already lost its steam.Accept LossesWhen trading, it's essential to be completely open-minded. What was right yesterday may be wrong today and the faster you realize your errors, the better. A lot of traders refuse to accept when they are wrong and always expect a market rebound. However, these traders often end up losing more than if they accepted their loss right from the beginning. It's not easy for the human being to accept he is wrong, but the most successful traders are the ones who can do this.Recognizing a mistake earlier may lead to smaller losses, which contributes positively to your overall balance.Establish GoalsFinally, establish your own goals and be perseverant. Sure, there will be times when everything seems to go against you: the prices never go your way, and that makes you go through a series of losses. That happens to all of us, good or bad traders. Just keep in mind that those losses are important for you to develop your skills and strategy, and to have better results in the future. Instead of focusing on the money lost, you focus on learning from what went wrong and try to improve it.Establishing higher goals as times passes by is a good way to challenge yourself and commit to working harder.Learn the top tips about trading habits that will help you achieve better results.Of course, it's essential to have a good strategy and make a good analysis out of the market, but that's not everything in trading. Psychology plays a bigger role that we might think, and establishing trading habits is the best way to develop this in your daily life. The next time you trade, try to implement some of these trading habits and share with us if it helped to improve your results!
Implementing highly effective and successful money management techniques and using these in your trading decisions is a huge help in achieving success as a currency or forex trader. In general, there are 2 means of practicing successful money management. One of these is for you to execute frequent small stops and harvest profits from some of the best and the largest winning trades. The other one is to pick small and slow gains while taking infrequent yet large stops while aiming to let the small profits that you acquire to outweigh your huge losses. The first money management technique which aims to protect your investment in currency trading often generates minor situations of psychological pain. Still, it is beneficial because it offers more moments of victory. The second money management strategy associated with forex trading often produces plenty of minor instances of pleasure, but this is often experienced at the expense of encountering a few nasty psychological hits. It is necessary for you to pick between these strategies the one that perfectly suits your personality as a trader. You have to spend time discovering your trading style and the specific manner through which you manage each of your trades since this is useful in determining which among the money management strategies can really protect you against substantial losses. The good thing about the forex market is that it is capable of equally accommodating different trading styles without requiring a trader to invest additional costs. Because of the spread-based nature of the forex market, it is safe to assume that the cost per trading transaction is actually the same irrespective of the size of the position given by traders. If you are willing to do trades while also seriously contemplating about using an effective money management approach and properly allocating the right amount of capital in your account, then it is essential for you to consider a few stops. This is important in properly managing your money as a trader and in ensuring that you consistently receive profits. One of these stops is the equity stop which is considered to be the simplest among the many stops available for traders. This requires a trader to only risk a fixed amount on his account in one trade. One of the most commonly used metrics in equity stop is to risk only two percent of a trader’s account on any offered trade. This is beneficial because it satisfies your internal risk controls. You can also use the chart stop in proper money management. This actually involves using technical analysis in acquiring thousands of potential stops mainly driven by price actions of a given chart or by a variety of technical signals or indicators. Other stops that you can use to manage your forex money and protect your investment are margin stop and volatility stop.
Many people say that it is not possible to do backtest or the modeling quality of the backtest is much less. Moreover, Chart Mismatched Error is. Moreover, there are many differences between OHLC (Open-High-Low-Close) in the history data of different brokers. Therefore, the results of the backtest are different in Brocaraveda. How to do backtest properly, I'm telling you the way. Moreover, many brokers allow many options in the case of trades and many brokers do not allow many options. For example, the minimum lot size of a broker is 0.01 and the maximum lot size is 100. Again, the minimum lot size of a broker is 0.10 and the maximum lot size is 1000. Some set specific pips for stop loss and some do not. Broker or account type change is required for these two problems. Let him, in today's post, only show the solution to the broker's history data problem. First, click on History Center from MT4's Tools menu. Then expand the pair of data you want to download and double click on 1 Minute (M1). Then click on Download. I wanted to give pictures to be clear. But I am sorry that I could not pay the maximum upload size 40.96 kb. Once the download is complete, you can backtest as you wish. Where does history data come from? History data is downloaded from the data center of Metaqouts Corporation, the company that developed the MT4 software. Different brokers deceive clients with false candles with false movement at different times and cause loss to the clients. And the history data of Metaqouts Corporation is completely pure. There is no adulteration in it. So the result of the backtest is more likely to be accurate.