radex78 Posted May 15, 2023 Share Posted May 15, 2023 On 4/6/2023 at 5:05 PM, Ritesh.R said: It is possible to achieve quick profits by using the scalping method, and most beginner traders prefer it and end up burning through their accounts due to a lack of experience and skill. Scalping is short-term trading with small target pips of roughly 5-10 or a maximum of 20 in a single trade. However scalping traders could open and close orders many times a day, and active scalpers could make 100 trades a day trading. Some traders maybe use scalping robots to replace their hands to work in trading. Quote Link to comment Share on other sites More sharing options...
davidblack Posted May 25, 2023 Share Posted May 25, 2023 While it is possible to make quick profits in forex trading, achieving consistent and sustainable quick profits is challenging and often comes with significant risks. Forex trading involves buying and selling currencies with the aim of profiting from fluctuations in exchange rates. The forex market is highly volatile and influenced by various factors, including economic indicators, geopolitical events, and market sentiment. Some traders may experience occasional successful trades that result in quick profits. However, it is important to note that forex trading is speculative in nature, and the market can be unpredictable. Quick profits often require traders to take on higher levels of risk, such as using leverage or trading in short timeframes. Successful forex trading typically requires a combination of knowledge, skills, experience, and a well-defined trading strategy. It involves careful analysis, risk management, and the ability to adapt to changing market conditions. It is essential for traders to have realistic expectations and to understand that forex trading carries the potential for both profits and losses. Consistency and long-term profitability in forex trading usually require a disciplined approach, continuous learning, and the ability to manage risks effectively. mt5 trade copier Quote Link to comment Share on other sites More sharing options...
radex78 Posted May 25, 2023 Share Posted May 25, 2023 Yes, in nature forex trading is risky and included speculative investment, we can make a quick profit in trading, even when the good time only needs a few minutes to take a profit. However forex is also risky, we need a trading plan to manage the risk and capital as well. Quote Link to comment Share on other sites More sharing options...
nanamage Posted June 20, 2023 Share Posted June 20, 2023 Forex is full of risks, so you have to be careful when choosing a broker, don't be tempted by brokers that offer big profits because they end up as scams like Forexmetal. Quote Link to comment Share on other sites More sharing options...
radex78 Posted June 26, 2023 Share Posted June 26, 2023 The role of the broker is like a bridge, if we choose a strong bridge hence will be no worry about traveling, however, the security or not also depends on each trader, just like driving a car, despite the bridge being strong but the driver is reckless, it possible falling to the river Quote Link to comment Share on other sites More sharing options...
Hudson Posted August 9, 2023 Share Posted August 9, 2023 Yes, there are several methods, and one of them is scalping. It is one of the quickest methods to earn profit, but it also comes with a risk of loss when not traded properly. It is better to trade with regulated and suitable brokers for better trading. For example, I use FP Markets for scalping because the spreads start at 0.0 pips and the execution speed is fast at 30 ms, which is better than my previous brokers. Quote Link to comment Share on other sites More sharing options...
nanamage Posted August 25, 2023 Share Posted August 25, 2023 The main thing to learn before trading at Freshforex is money management. Learning money management that must be understood and applied correctly and consistently: - The amount of risk per trade - The size of the lot size per trade - The size of the risk-reward ratio Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 4 Share Posted January 4 On 8/25/2023 at 11:39 PM, nanamage said: The main thing to learn before trading at Freshforex is money management. Learning money management that must be understood and applied correctly and consistently: - The amount of risk per trade - The size of the lot size per trade - The size of the risk-reward ratio If we are able to do our trades with the use of the Money management systems then the income will remain profitable for us. Quote Link to comment Share on other sites More sharing options...
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