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Dora Wi

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Dora Wi last won the day on February 21 2021

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  1. Dora Wi
    It's indeed the busiest hours on the market when it's the most productive to trade, especially if you trade on a short timeframe.
  2. Dora Wi
    I know this was a while ago, but I'm curious - did the situation resolve in the end? How have you been doing since?
  3. Dora Wi
    A lot of people who trade with large amounts of money prefer to use several brokers to lessen the chance of losing their funds.
  4. Dora Wi
    The original post echoes my own experience - brokers offering such high leverage often don't comply with regulations perfectly. I think it's reasonable to stick with a smaller leverage than this - it can still give you good gains, and it's easier to manage your risks.
  5. Dora Wi
    The thing with confidence is, one needs to find the right balance. It's important to look at your own skills and progress in an objective way as much as possible. If you are very insecure, look at your successes, and look for solutions to your weak points. Overconfidence, on the other hand, is also not a good way to go - make sure you are realistic about your expectations towards yourself.
  6. skilski185 started following Dora Wi
  7. Dora Wi
    As a general rule of thumb it is indeed a good strategy to stick to older brokers with a solid reputation. Age is not everything, but an older broker is more likely to be safe and more liquid.
  8. Dora Wi
    Short timeframe trades can be good for practicing and understanding the technicalities of trading. Some caution should be used, though, when it comes to the idea of short-term gains. Scalping is not suitable for all beginners, as you need to place many trades over time to accumulate profits, and that can be difficult to manage.
  9. Dora Wi
    Another emotion to be aware of is anger. We may experience it if we made a bad decision, experienced slippage, or simply took a loss due to normal market movements. It can lead to revenge trading or overtrading if not dealt with.
  10. Dora Wi
    I'm not sure what this topic is about either. I feel like most of the times if I want to calculate what was a certain time ago it is not too hard based on the clock or the calendar. I might be misunderstanding the point, though.
  11. Dora Wi
    I think robots can be good if you have the skills to manage them yourself. With no programming skills and little experience it can be very risky to use a robot made by someone else.
  12. Dora Wi
    I actually think there is rarely a need for completely switching up your trading process. You might have to make changes from time to time for many reasons, for example if your results are not good enough or market conditions change.
  13. Dora Wi
    Different strategies will work for different people. What always matters is knowledge and practice. You need to have a strong understanding of analyses, risk management and creating a trading plan.
  14. Dora Wi
    Only risking what you can afford to lose is a good rule of thumb. And even if you are affluent, risk management is key if you don't want to blow your account.
  15. Dora Wi
    Risk management is indeed one of the most important aspects of trading. No matter how great your winning trades are, if you don't pay attention to risks, losses can easily have a devastating effect on your account.
  16. Dora Wi
    This has been quite a long time ago, so I doubt it's still relevant to newbies. It's a good analysis though, not going to deny that.
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