Knowledge and Skills

[maspluto]

the choice of broker must be able to be considered carefully, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Boogle]

Without knowledge and practice, it is almost impossible to expect to make profit in this market. You need to understand the market to make decisions and that is a skill learnt through experience.

[pradegxs]

For your fund’s safety, there is no alternative to highly secure trading broker like Hotforex which offer segregated accounts. Insecurity is a big issue of brokers as traders are mostly victim to it. The securer a broker is, the more trustworthy it is among traders. There are several issues a trader needs to look for before choosing the right trading broker.

[maspluto]

The selection of the existing broker must be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from tickmill.

[Breed]

On 8/9/2022 at 10:03 PM, Boogle said:

Without knowledge and practice, it is almost impossible to expect to make profit in this market. You need to understand the market to make decisions and that is a skill learnt through experience.

This can never be overstated, having adequate knowledge and practice will help traders develop a good plan. A good trading plan will help you to avoid making emotional decisions in the heat of the moment.

[maspluto]

a trading plan must indeed be owned by traders, this is done so that traders can be more leverage in managing funds and existing risks to be better than before.

[Nilde Lucchese]

Passionate traders can make better results because passion drives a trader far ahead but in many traders this quality lacks as a result they area away from their goal. Because this habit, they are in illusion.

[Eraser]

Traders can’t purely overlook the consequence of riskiness related to foreign currency exchange. Otherwise the whole trading journey can be similar to gambling as trading will require proper utilization of risk management tools which will facilitate him how to take supervision over trading risks in managed manner. But if a trader is unable to trade with proper preparation and does trading in haphazard manner then trading will definitely turn into gambling.

[maspluto]

the funds and risks that exist must indeed be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Golden Sark]

In Fx trading , by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non sense planning and zero risk management policy, nothing to do with high leverage at all. so, I think, before trading with high leverage we have to know how to manage risk.  
 

[Breed]

4 hours ago, Golden Sark said:

In Fx trading , by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non sense planning and zero risk management policy, nothing to do with high leverage at all. so, I think, before trading with high leverage we have to know how to manage risk.  
 

Exactly, we need to learn properly, this I have come to realize more from an article provided by my broker forexchief about a traders first step. They have useful information about trading and working on the currency exchange in their library, great stuff. In fact we need to take advantage of any education provided by our brokers, they can come in handy.

[uncle gober]

The selection of the existing broker must be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[Golden Sark]

The best broker is a broker which does not restrict any kinds of trading techniques with scalping and hedging. They until the end of time ensures best trading environment for using any kinds of trading techniques by providing comfortable trading spreads as well as minimum margin requirements.
 

[Golden Sark]

Honestly speaking, if you want to get maximal result by scalping first of all you have to make sure lowest trading spreads which is very supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time. Actually from all trading elements spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker.  
 

[maspluto]

the trading plan must be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

[pradegxs]

On 8/23/2022 at 12:43 AM, Breed said:

This can never be overstated, having adequate knowledge and practice will help traders develop a good plan. A good trading plan will help you to avoid making emotional decisions in the heat of the moment.

Agree trading without a trading plan is a disaster, tried that many times. Even conservative martingale strategy I used with Hotforex has better survival rate compared to reckless gambling. 

[uncle gober]

a trading plan must be owned by a trader, this is done so that traders can become better and can be maximized in getting maximum trading security and comfort like what I got from Tickmill.

[Nilde Lucchese]

More and more practicing will help traders develop their trading skill. Practical knowledge is more effective than theoretical knowledge. Technical analysis can be the perfect choice for you if you want to forecast the market within the shortest time. For technical analysis, using indicators is a must. FXOpulence broker offers more than 400 technical tools for technical analysis.

[maspluto]

I totally agree with your point. That's why I'm diligent in continuing my learning process and making use of webinars and ebooks provided by Tickmill. It's incredibly beneficial and helps me gain a deeper understanding of the forex market.

[Nilde Lucchese]

Forex trading requires dedicated learning and skill development. It’s not a quick process—investing time and effort over months or even years is essential. Once you’ve gained the necessary knowledge, trading can be done in a few hours daily, but continuous learning remains key to long-term success. LQDFX broker’s free educational resources and other support are helpful for learning the market well!