It’s amazing that many people have begun to realize that making money may be easy, but keeping it is not. Ironically, successful trading depends on great extent, on our mental conditions while our markets orders are still open.
Could someone please help make a list of all the lands on this planet which have banned Forex trading? – July 1
Yes, it helps to also be engaged in other things you like doing. There’s life outside Forex. – July 2
All of us have paid for Forex education: either we pay for crap education of for a quality one. We could either pay low or pay through our noses. Some also pay through losses. Yes, they gain good education through that. – July 3
Demos are used forever by me, though I also trade live. Demos are needed to test any new trading ideas before adding them or using them to replace the existing ones. – July 4
When I first started trading, I was attracted to it by solicited and unsolicited promises from vendors that I could become rich through their strategies and speculation solutions. But what I experienced was totally different than what those vendors promised me. Success is possible in trading, but how to attain it isn’t what those vendors are saying. At the same time, we’re also afraid that if we tell people that trading isn’t easy and that it requires hard work and continuous persistence to succeed. That may scare them away. What do you think: tell people the truth about trading and possibly scare them away, or tell them what can attract them? – July 5
To me, Stochastic reacts faster to price changes thaan the RSI (which could sometimes result in fakeouts), but the RSI is more accurate when it comes to the overbought and oversold conditions. The RSI is also used to show a bullish bias and a bearish bias, i.e. when the price is above or below the level 50. Therefore, it looks like the RSI is more favored than the Stochastic. – July 6
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