Recent content by stefaniawendt

In the beginning, when I started, I always used my demo account to study and learn more about stock trading. I think experiencing it will enrich your knowledge so much more.

Always diversify your stocks and do not put all your money in just one industry or stock. Manage your money in various stocks and in the beginning make sure that you keep an eye on them at all times.

I go by various technical indicators and fundamental analysis before making investment decisions. It works for me most of the time when I have to hold my stocks overnight.

When you begin as a trader, it is not wise to invest everything you have. Money management is actually crucial so that you are able to safeguard your principal amount at least and then work with profit and loss.

I always consult my stock broker for entry and exit strategies. I am a day trader so working with a broker is always easier for me.

Forex is an ongoing study and analysis. Every day, with every experience you learn something and you can never fully accomplish it. There is nothing to win but you can always research and learn more.

High leverage is not recommended but it can sometimes turn around in your favor as well if you use that wisely. However, in most circumstances, it is better to avoid high leverage,

Poker players and stock traders share the ability to invest with the convenience of knowing that they can lose as well. So, this clears the first step of trading for them. However, subjectively, they do need more research and knowledge.

It is not clear as to what you need help with. Can you be more specific? If it's related to forex, then you can check out other threads on the forum which are informational.

My favourite trading strategy is day trading because I think it reduces or diminishes overnight risk for me. I get more trade opportunities and also it is easier to manage time because this is very flexible.

Trading is an ongoing process where you keep on learning every day. There is no one success point. Every day, you may make profit or incur loss.

Very true! I would never risk my money with unregulated brokers. Another thing important for me is withdrawal policies. I always prefer regulated brokers currently trading with fxview, they are cysec regulated.

It would not be correct to state that only major currency pairs are good for scalping. The experienced traders even use exotic currency pairs for scalping and doing quite well. I have a friend of mine using exotic currency pairs for scalping and earning good profit. I would recommend only...

Risk management is one of the most important skills that matter the most when you are trading forex because you need to be careful about how and when you trade. I suggest not risking more than 1-2% of your total trading capital per trade.

Yes, it’s true that you can never be sure about the returns that you may make in the forex market. But if you are knowledgeable and have prior trading experience, you can prepare yourself well for the typical market conditions and act accordingly.