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bigxy

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Everything posted by bigxy

  1. bigxy
    Good point to note, actually success lies in practicing and teaching our mind when to act and react in the market.
  2. bigxy
    In my opinion there are a lot many reasons behind new traders losing money in forex trading, better they should not go for live trading rather open demo account and practice it for six months minimum to go through learning how the market works.
  3. bigxy
    Just consider grabbing your share from the daily turnover of more than trillion dollars which revolves around the globe and changes hands.
  4. bigxy
    Yeah you right, everyone has their own broker and the brokers' list is huge where every single day new brokers joining the market while many on the other hand winding up too. That makes broker selection really difficult i guess.
  5. bigxy
    In my opinion London session is very good in terms of volatility and liquidity.
  6. bigxy
    Dollar is basically among the safe heaven assets and it is also the benchmark in forex trading and when it comes to forex trading USD is still the king among other currencies.
  7. bigxy
    If loan is needed for spending, personal use then i do not recommend taking a loan. Rather try to be short on money and spend what you have rather than creating more burden. However if you are willing to take a loan for a new startup which could yield more money or you wish to buy an asset like house etc then go for it.
  8. bigxy
    Indicators can be good however i believe they are the lagging indicator of the price so better to learn price action which is the only thing actually happening on the charts.
  9. bigxy
    Still i guess forex traders are making money while trading from home due to the lock down. Many traders found out corona as an opportunity to short and make money.
  10. bigxy
    Still many traders took it as an opportunity, shorted the market and eventually made a lot of money in my opinion.
  11. bigxy
    Taking forex as a hobby and devote some time for this hobby can lead towards a successful bright forex trading future.
  12. bigxy
    According to successful traders, not the five days trading is profitable however we have to find out the actual sweet spots which occurs anytime during the week and hunting them to make profits. Trading gurus recommends Tuesday and Wednesday as actual trading days out of the five days.
  13. bigxy
    One pair is good to learn and one pair to excel and becoming a profitable trader of future. Otherwise jack of all trades are usually masters of none.
  14. bigxy
    Stop losses are always beneficial because they helps us cutting our losses earlier than losing up the entire account within no time if the market trend moves against us, sometimes bad day occurs so good to some of the money than losing up the entire account.
  15. bigxy
    Demo account can be helpful in choosing the right broker however it is really hard finding a reputed broker these days so better if we can go doing some research before finalizing any broker.
  16. bigxy
    These new traders should trade a demo account in start for a minimum of six months before going to trade live in my opinion.
  17. bigxy
    Might be a marketing tool to get more customers, yes i guess you are right however many of the new traders eventually loses money in start.
  18. bigxy
    Starting with small amounts can be helpful in testing further processes of broker like withdrawal etc which can not be tested through their demo account in my opinion.
  19. bigxy
    Everyone has skills, everyone have strengths and weaknesses as well. It is better if we discover those strengths and polish them rather than struggling with our weaknesses.
  20. bigxy
    Many new traders lose money in start however those who let go off these losses and move forward make their way earning good money from forex trading.
  21. bigxy
    Yes you are right working with multiple brokers at the same time ending up with trading one single broker.
  22. bigxy
    Start forex as a hobby in your free time, take out a demo account and practice it in order to learn how forex trading works.
  23. bigxy
    Beside concluding convenience either live or online mentorship, first we need to find out a mentor and finding out right mentor is just like looking for a needle in hay these days.
  24. bigxy
    I am not sure if we can make stable income in forex in start. Maybe we could arrive at this level after doing some hard work.
  25. bigxy
    Not only limited to forex trading but in every aspect of life, greed is a curse in simple words.
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