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bearhugs
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Everything posted by bearhugs
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Your confidence will make you more strong for the next trade. so always keep your mind stable that you can trade for future also and have same hard work, that can help you for your profit.
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Always choose broker with your own knowledge and trading experience. Never go for any promotion ads and references or suggestion from others.
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Always use good tools which you can understand and help you for your trading. There might be many suggestions for helping, use them , try them but pick one which really help you.
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Forex profit depends on a trader that how he is managing his money and trading as per his strategy and analysis. Not every trader of the market is profitable every time in the market.
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Do you trade every 5 days of the week?
bearhugs replied to Levie's topic in Forex General Discussion
Trading is depends on the analysis and strategy that we have, so we should work as per our trading skills. There is no exact number for trading in week and trades we use to work. -
Gaps and Holes, happened to every pair of the market. They might big news which created the gaps or the monday morning always change the market opening with gaps.
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Forex trading might be a good income source if you take it seriously and work hard on it for making money with it. Nothing comes easy in life, you have to struggle for it.
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Do you trade every 5 days of the week?
bearhugs replied to Levie's topic in Forex General Discussion
To make a profit through Forex trading , first you have to know how to trade wisely and you also need a trading strategy. You need to find one that best works for you and then carry it out. -
Discipline is the ability to be patient to sit on your hands until your system triggers an action point. Sometimes, the price action won't reach your anticipated price point. At this time, you must have the discipline to believe in your system and not to second guess it.
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Trading full time is reserved for those who understand what it is to be an entrepreneur. You are on your own, the competition is fierce, and you have no safety net. If you can’t handle losing, you will never make it as a trader.
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Did you have enough income From Forex Trading ?
bearhugs replied to TenkoFx's topic in Forex General Discussion
If you have been around the trading and investing circuit for any amount of time, you have undoubtedly heard the statistic that 90% of retail traders will fail and not make any money. There is a ton of research and speculation as to the exact reasons why. -
Which indicator you use and why?
bearhugs replied to Anne Morris's topic in Forex General Discussion
We all have different trading strategies and according to that we actually work in this market. Trading indicators are also part of this work and as per our choice we select the indicator for our trading style. -
A good trading plan will be the best portion of trading which guide you what to do in difficult situation of the market. Your trading plan will help you for every stop point of trading.
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That is been really good post to see a good trade. I have never trade with Divergence but looks like help to me such a informative video for trading.
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How to Combine price action with Indicators
bearhugs replied to pipdmt's topic in Forex General Discussion
The post might help those who are not having clear mind regarding price action with EA. But There are many strategies which we can use for trading. EA are helpful tools for many traders and always useful. -
We all know the beauty of Forex, we can make money at home, if we are able to understand the market condition and able to make profit with our trading strategies that we have develop.
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There are many traders in the market who are working for many years and having a good trading career with Forex. But not every one who enters in the market is able to make a good amount of money with Forex.
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Forex is platform which provides everyone a way that anyone can join here and make money, all you need is skill and knowledge. To survive the market, you have to be very skillful and knowledgeable that you can work here.
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There is no easy way to be consistence in Forex work. You have to struggle for what you really want. There is no short cut for being rich here. Learn and earn is the simple rule, keep learning you will get success.
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Risk management is what helps us become self-sufficient traders, but without controlling your emotions, you have no chance. Understand that when bad things happen to us in the markets, it is not personal, it is not someone out to get you.
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Forex is similar like other trading sectors.
bearhugs replied to Gee Dee's topic in Forex General Discussion
Forex trading is probably one of the most profitable sides hustles you can grab today. You could take any decent strategy, be it based on technical or fundamental analysis. Risk management is what helps us become self-sufficient traders. -
Forex trading is not that easy otherwise everyone would be succeeding and making tons of profit. Most Forex traders lose money at first until some figure out how to learn from their mistakes, but even this sometimes does not work out.
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FOREX can be profitable, in the short-term in the medium-term and in the long-term. To make a profit through Forex trading , first you have to know how to trade wisely and you also need a trading strategy.
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Most traders focus on strategy and they try to harness the movement of the market. This is an impossible task. Look at the market differently and you will be able to handle the volatility and uncertainty that you encounter.
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Don’t focus on finding a strategy which wins all the time or a system which somehow predicts future price movement. None exist. Focus your effort on understanding how those who run the market operate so you can enter and exit the market with a net profit. That is what is important.