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- louiseking replied Jan 28, 2022
Besides polling, there are other ways: you can check if your broker offers position summaries. Many brokers also offer sentimental tools. You can also verify from online resources like DailyFx. They have their own sentimental indicators.
Is there a way to collate the sentiment data?
- louiseking replied Jan 28, 2022
Besides your trading skills and knowledge, trading psychology is the key component that determines your success in trading. A trader should know when he is trading with brain and when he is with greed, fear, or anxiety. Good trading rules help you ...
Trading is 90% mental - Second guess yourself, you'll fail
- louiseking replied Jan 28, 2022
Trading in the Zone – Mark Douglas. Market Wizards – Jack Schwager. Market Wizards- Jack D. Schwager
Best Trading Psychology Books
- louiseking replied Jan 28, 2022
I only like ECN accounts because of the transparency and tight spreads. FinproTrading and lmfx are the two brokers I find excellent for lower spreads and commissions.
Broker Discussion
- louiseking replied Jan 18, 2022
@ Epeolatry No doubt. Those two are a must.
Trading is as simple as ABCD
- louiseking replied Jan 18, 2022
Forex is a manipulative market. Banks have the power, because of their huge market size, to move the forex market. There is no tool that can fully determine the market.
Is forex education misleading or everyone is stupid?
- louiseking replied Jan 17, 2022
That’s true! Whether fundamental or technical analysis, traders can’t predict the market 100%. The market is always moving. Indicators are just probabilities. Traders can enhance their winning chances with strong risk management and trading ...
It's Unreliable
- louiseking replied Jan 17, 2022
That makes sense only when you are learning from your losses. The reason why new traders fail is because they don’t backtest their strategies and try to learn from their trades. However, if we try to look at trading from different angles and market ...
To Succeed is to Lose?
- louiseking replied Jan 17, 2022
Some of the Youtube channels that you can check out- 1) TraderNick 2) AlphaTrends 3)No Nonsense Forex 4)Trading180
Best newbie videos
- louiseking replied Jan 14, 2022
I would never say yes to some random signal ads that guarantee success. They are not reliable . There are communities who share free signals. Try that if you want to give it a go.
Has anyone seen these Forex Signal ads
- louiseking replied Jan 14, 2022
@Epeolatry Successful traders have expertise in technical analysis. And most traders who fail in trading are either because of lack of trading skill/strategies or bad psychology. Apart from that, risk management is important, once traders focus on ...
Why 98% Of All Day-traders Fail
- louiseking replied Jan 14, 2022
Love this! Plenty of stuff to learn from.
List of movies or videos related to trading
- louiseking replied Jan 13, 2022
I generally avoid music during trading. Occasionally, I don’t mind something soft and slow playing in the background.
What kind of music you hear while you trade?
- louiseking replied Jan 13, 2022
The reason why most of the new traders fail is because of bad psychology. You feel a variety of emotions during trading, from greed, fear, to anxiety. Traders should abide by strict trading rules to avoid them. If trades learn how to control ...
Psychology matters most!
- louiseking replied Jan 13, 2022
If you are an inexperienced trader, then going with a demo is a good decision. You will get to develop trading skills. However, starting with a micro account is beneficial as you get to trade in the real market and with better consciousness.
Is demo a step before real trading?
- louiseking replied Jan 12, 2022
AI is shaping the future of trading. With the help of AI, we can analyze millions of data and predict the future of the market. It has the possibility of providing us higher returns. But I don’t think it will replace traders because humans are ...
Do you think AI will affect trading? How?
- louiseking replied Jan 12, 2022
There could be multiple reasons for that. However, above all, I think they fail because of commitment. It is very unlikely that you will win a big amount on your first few trades. Indeed, most of the traders lose money when they begin live trading. ...
Why do Newbies Lose?
- louiseking replied Jan 10, 2022
MT4 is by far the best trading software that I would recommend you to use. It’s easy to customize, which means you will be able to execute the trades the way you want. It also comes with several trading tools that you can use to trade.
Trading software
- louiseking replied Dec 31, 2021
Looks like you were confused when you wrote this post. Base currency is the first currency of the currency pair quotation. You buy the base currency and sell the quote currency.
Understanding basic forex terminology