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This is an open community for every type of day trader whether if you're beginner or expert. The purpose of this subreddit is to share trading experiences, trade reviews, knowledge drops, market news and generally anything related to trading. We will be mainly focused on day trading US equities but will not be limited swing trading, crypto or forex.
Beginner FOREX Trader Looking For Some Advice - First negative days
I´ve been scrutinizing forex since September 2015. I have finally opened my first real acc last friday and today I am coping with a 10 % overall acc loss My question to you more experienced traders: How do you cope with losses? What do you think the best move would be?Should I increase my lots to regain the capital more quickly? My trading strategy is based on RSI and Stoch - both 14 period trying to scalp on 5 min charts when it gets overbought/sold on both
Hello everyone, I've been lately getting to know this amazing world of Forex because a friend of mine told me about it, and I'm planning to start my own journey as soon as possible. The thing is that my friend explained me he's learning and trading through a website which combines Forex with Network Marketing. I know what Network Marketing is, and how it works applied to classical products like cosmetics or food. But I just don't understand how do you apply the concepts of network marketing to the forex market. Basically I want to know what it means, and if there is some kind of benefit of combining the two techniques toghether, or if I should only learn and practice forex trading and forget about network marketing. It will help me choose whether I should sing up in the same academy where my friend is, or follow my own path. Thanks so much for the help!
Forex indicators for beginners, forex strategies based on moving average, forex patterns and formations, forex strategies, forex configurations, Forex technical analysis for beginners and novices of forex includes moving averages
New to posting on Reddit. Looking for some personalized advice and guidance on what to do next. I had all my eggs in one basket (Tesla) from last year which turned out well. I have about ~$30k cash on hand that I’m itching to invest and would like to learn day trading. I started my research over a year ago and decided to try Forex over Stocks since I didn’t have the capital to avoid PDT. My MBA got the better of me and my interest in DT halted. Now that’s changed again, I’m honestly not sure where to best start as a beginner; Forex or Stocks? Anyone have their own preferences between the two and why? I’m seeing a lot about risk and reward ratio - is 1:2 the most standard and any suggestions otherwise? Risking capital. Is it correct to say that if I don’t want to risk more than 2% per trade, that a capital of ~$30k would let me trade $600 at a time? How much would you then expect to set for risk/reward from a $600 trade? Trading platform and broker. I have the hardware set up and enjoy looking at numbers and graphs enough to know I’ll enjoy whatever platform I’ll settle for. Downside is, I’ve no idea where to start. Any suggestions for choosing a platform and broker or what I should look for specifically when I compare? I’m aware I’ll get varying responses and that there are other places I can look to learn. I don’t want to make the mistake of jumping in too early and wiping myself out. I’m happy to use a demo for a few months while I learn, just looking for head start and a way to set my expectations correctly from the get go. 😊
First trip report had a breakthrough and saw Ganesha
So I just had my first DMT experience yesterday. It went something like that: as soon as I put down the pipe and laid down it felt as tough I had woken up from this “dream” called reality and came back home I had such a warm feeling throughout my not even body just my being, I guess it felt like I’m home it was very very weird and good feeling . and I remember seeing this half elephant half Buddha like creature I don’t remember much of a “conversation” just remember him and bright orange light around us, felt like I’ve known him already for a long time, mind you I’m a jew so was never interested/read about Hindu gods and Ganesha in particular, so as soon as I came out I searched “elephant dmt” on google and found alot of stories about Ganesha So I know for sure it was him I’m a beginners forex trader for the past 2 years and I went with the intention of learning what I need to do next in order to achieve the success I want And I saw this god and he symbolizes good fortune and wealth and remover of obstacles I take it as he will remove the obstacles which impending my progress and I trust him and my self that the success I’ve been trying to achieve for so long will come soon. Any way had to just get it off my chest would love to hear similar experiences and thoughts
Anyone who read Forex for Beginners by Anna Coulling? Need your help!
Hey there, I just finished reading the book and I was disappointed to find out that she missed out on some vital information. Would really appreciate it if you could help me figure this out. - How to set up the tick volume indicator on MT4 - How to find the currency strength indicator on MT4 I couldn't find any reliable information online as well. Thanks!
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If you’re looking to become a forex trader, we have six tips every beginner should know. Understand the Markets. Before anything, you need to learn the forex market. There are various terms specific to forex trading that can stump you if you don’t know what they mean. It’s essential to learn currency pairs and what all affects them. Learning from the best forex brokers is an excellent ... i am beginner and total novice in forex trading. I want to be under your mentorship and guidiance in learning the ropes of forex trading. Reply. dr. punit goyal June 26, 2019 at 5:14 pm . i found this really helpful post keep posting these types of posts. Reply. Stella Idowu Asiwaju August 16, 2019 at 10:06 pm . Good day, I’m a novice and I’m interested. Please I need you to put me through ... This concept is a must for beginner Forex traders. The leverage is the capital provided by a Forex broker to increase the volume of trades its customers can make. Example: The face value of a contract or lot equals 100,000 units of the base currency. In the case of EUR/USD, it would be 100,000 euros. If you use a 1:10 leverage rate and have 1,000 euros in your trading account, you can trade a ... The forex markets are open 24 hours a day, five days a week. To learn more about the basics of trading forex, we recommend the School of Pipsology alongside the NFA's Trading Forex booklet. The Best Forex Brokers for Beginners. Here's a summary of the best forex brokers for beginner forex traders. Plus500 - Best for beginners overall This Forex Trading for Beginner's Guide will give you all the information you need so you can start trading Forex. You'll learn what forex trading is, how to trade forex, how to make your first trade, plus our best forex trading strategies. By the end of this guide, you'll be equipped with the right knowledge to tackle the world’s largest capital market. Forex traders buy a currency if they anticipate that its price may rise, and short-sell a currency if they believe its price could fall, making a profit from the difference in the entry and exit price. In order to start trading on Forex, all you need is a computer with internet access, a trading platform, and a brokerage account. The trading platform is a type of software used to analyse the ... If you're a beginner to the Forex market, this free 19-step beginners guide to Forex will turn you into a profitable FX trader. Get started now. It's a type of trade that is widely used by professionals too, so it is not purely a beginner Forex strategy. Best of all, it is easy to implement and understand. The essence of the carry trade is to profit from the difference in yield between two currencies. To understand the principles involved, let's first consider someone who physically converts currency. Imagine a trader borrows a sum of ... Forex Trading: A Beginner’s Guide. Forex Trading Risks . Trading currencies can be risky and complex. The interbank market has varying degrees of regulation, and forex instruments are not ... Forex trading is one of the most popular types of trading there is in the financial field. Currencies hold a certain degree of importance to almost everyone in the world, whether they are aware of it or not. This is mostly because currencies are the medium being used in order to conduct foreign trade and business.
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