General advises and experiences sharing for forex traders

[Viaso]

I was reading some analysis and it seems that it can go down to $4.000. I am not sure in which time frame it can or will be down so low. Anyway, I think that there is currently some sort of market price correction, after which I am expecting up trend again

 

[Fistragos]

Losses are an integral part of both trade and any other business. This must be learned to accept, and act on a clearly thought-out plan of action.

 

[Electric Rainbow]

It is not easy to say how often Forex traders losses, because trading is a game. If you are winning that means somewhere someone is surely loosing their money.

 

[Electric Rainbow]

You need to find good material about Forex, it should be basic information, about classic patterns, levels and some information about candlesticks. All classic things are visible and workable on candlestick charts.

 

[Christof]

For example, I invest in cryptocurrency only for the purpose of speculating on the course. Long-term investment prospects are not for me, since I am not a risky person.

 

[Fisharet]

Forex is popular because in order to earn money it does not require special skills. You essentially learn yourself and depend only on your decisions.

 

[Firtan]

To enjoy financial freedom, you need someone to work for you, and you will profit from it. Working in the trade you are constantly at work, and if this gives you financial profit, then there is no freedom.

 

[Fistragos]

It seems to me that in difficult times it’s better to wait and try not to invest, especially large amounts. You need to wait and start trading with new forces.

 

[Electric Rainbow]

Patience is the key that most people lack. I always tell people to demo for a while until they are consistent before going live .

 

[Electric Rainbow]

Whether you are a successful long term trader or a day trader, freedom comes at a price. But freedom is not the only outcome of successful trading.