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CrazyCzarina

Members
  • Content Count

    331
  • Joined

  • Last visited

2 Followers

Personal Information

  • First Name
    Czarina
  • Last Name
    crazy
  • Country
    India

Trading Information

  • Vendor
    No
  • Favorite Markets
    forex, crypto

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  1. Because some people want to earn money but don't wish to work hard. Short-cut in sucess to earn money is not possible in Forex trading.
  2. Systematic trading is crucial for long-term success. Sticking to a trading strategy allows you to remain focused amid the huge inflow of news and economic data that can seriously impede your analysis process.
  3. Similarities between trading and poker, in both, you try to make optimal decisions on the basis of incomplete information. Money management (trading) and bankroll management (poker) are very similar - both are crucial to manage risks. Because in both, you have a luck/variance factor, without the right money management even the best strategy can lead to being broke without the right money management.
  4. Forex stands for foreign exchange and refers to the buying or selling of one currency in exchange for another. It's the most heavily traded market in the world because people, businesses, and countries all participate in it, and it's an easy market to get into without much capital.
  5. Trading is hard because it is the ultimate case of a competitive market. If there was an easy way to trade and be profitable, everyone would start doing that, and prices would move accordingly so that's no longer the case.
  6. Bolly Band Bounce Trade. This strategy is perfect for a ranging market. Forex Overlapping Fibonacci Trade. These strategies are a favourite among many traders. The Pop 'n' Stop Trade. Trying to chase the price when it goes upside rarely works.
  7. CrazyCzarina

    Risk

    In forex trades, spot and forward contracts on currencies are not guaranteed by an exchange or clearing house. In spot currency trading, the counterparty risk comes from the solvency of the market maker. During volatile market conditions, the counterparty may be unable or refuse to adhere to contracts.
  8. I would say why to hire a broker at the beginning itself. First, you yourself learn to trade, understand the market, trade on a demo account then when you feel so things are not going well and you have the capacity to invest you can hire a good broker instead of cheap. I would recommend LMFX.
  9. Many beginners in the market quit trading in the first year, either because they blew their account several times or they didn’t approach the market the right way. That’s why seeking help from a Forex trading mentor can help develop your trading career. A Forex trading mentor should be an experienced trader with the necessary knowledge and know-how to successfully trade the markets. A trading mentor can significantly improve your trading performance. I remember the days when I started to trade, focusing too much on short timeframes and applying a large number of technical indicators which provided contradictory trading signals.
  10. Order flow and volume profile trading is a method of trading practice which combines two separate methods of price action analysis to identify price levels with significant support and resistance, thereby improving the rate of accuracy of trades. Traders use order flow analysis to identify and visualize both historic and current/real-time price data to get a clear(er) picture of the depth of market. A volume profile analysis is performed to identify the volume traded at specific price levels over a certain period of time.
  11. Yes, its important to select a forex broker, start by looking for brokers that are regulated in your country. Next, read full length forex reviews to assess the trading costs, tools, research capabilities, customer service, and other features of each forex broker. Finally, compare your top two choices side-by-side to decide on a winner.
  12. Many retail traders turn to the forex market in search of fast profits. Statistics show that most aspiring forex traders fail, and some even lose large amounts of money. Leverage is a double-edged sword, as it can lead to outsized profits but also substantial losses.
  13. The currency or forex market is a decentralized worldwide market. Today, it is the world’s largest financial market and has an average daily volume of about $5 trillion. A large currency trades involve the US dollar as one of the currencies in the currency pair. In Indian exchanges, currency derivatives segment provides trading in derivative instruments like currency futures on 4 currency pairs, cross-currency futures & options on 3 currency pairs (EUR-USD, GBP-USD, and USD-JPY). Demand and supply make the currency market work.
  14. It doesn't need to give you a 60% profit, but yet you can try it out by combining two strategies if it works well. Being a beginner to take chance is definitely risky.
  15. You can’t make good decisions without knowing the mechanics of a specific technique. In fact, the best traders are those who are acutely aware of the shortcomings of their particular approach. If the strategy isn’t appropriate for your financial situation, it should be avoided, regardless of how attractive it appears. Obviously every strategy has risk. The key is to develop an arsenal of profitable methods. Use only those that fit the market outlook, and manage each trade for maximum potential.
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