Forex reddit

Forex reddit

Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or /r/Forex Trading Community - reddit Welcome to blogger.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! We also have one of the largest forex chatrooms online! /r/Forex is the official subreddit of blogger.com, a trading forum run by professional traders. blogger.com hosts and moderates our chatroom, and has developed such

Forex Trading: A Beginner's Guide

What could possibly be the value of advice from an online forum like Reddit? The specific Forex subredditnot only features success stories but horror stories of forex traders "blowing" their accounts in a myriad of ways.

It's like being privy to an extensive trial and error process most traders experiencewithout actually putting your own investment on the line. This overlaps with the advice above, overleveraging increases your exposure, also known as risk. Managing this variable when trading, according to most institutional, retail and reddit traders - is key to forex reddit your investment.

Impulsiveness when trading is very forex reddit. Having a trading strategy and sticking to it is an extremely effective method to manage risk - the inverse on the other hand forex reddit an extremely effective method to lose all of your investment. Of all of the advice on the internet, keeping a trade journal is something that is surprisingly under represented.

With all the variables involved having a baseline that you can revert to is extremely valuable, forex reddit. Or in trading lingo, stick to your trading strategy. A side-note here - you are not married to one strategy and no one strategy is gospel. Those that adapt, survive once said an old British chap named Darwin.

The same holds true for traders on the market. Subscription Confirmed! Thank you for subscribing, forex reddit.

Coming Up! Title text for next article. Join our Telegram group. Forex Live Premium. Webinar Calendar. Compare FX Brokers. Forex trading advice - by Reddit Thu 9 Aug GMT Author: easyMarkets Category: Education. Can Reddit offer anything to traders? A further benefit is that most of the commenters on Reddit are or where active traders and have experienced the pitfalls and advantages of trading.

Subreddits are also regulated - so sales comments or marketing materials are usually deleted. So, most of the points you'll find are unbiased, advice by traders for traders. ForexLive seems to be Reddit's favorite source of Forex related info.

Some other commenters mentioned Twitter as a great source for concise real-time information - a piece of advice we gave in our article about looking beyond technical analysis.

There are many a cautionary tale on the Forex trading subreddit, one that seems to consistently show up is the new trader that decimates their account by overleveraging. If you are unfamiliar with the term it's when a trader uses an ill-advised amount of leverage to open a position.

Why ill-advised? Because a very small adverse movement, would close out the trade - or even multiple trades due to margin stop out.

Another interesting point made by the Forex redditors is - in the above vain, stop-loss defines position size, not vice versa, forex reddit. This is frequent reversal made by new traders which focus on their position size and potential gains, instead of their maximum risk, forex reddit. If you proactively try to recover forex reddit losses immediately after losing, then you are going to be in a world of pain - or at least your account is.

It is very important to detach emotions from trading, forex reddit. Greed, fear, anger and pride which seem like biblical cardinal sins are in fact emotions that can influence and cause traders to make uninformed decisions. The military looks at past campaigns for strategy, athletes look forex reddit play backs of their past games to avoid their previous mistakes, become more efficient and ultimately better at what they do.

What makes you think traders couldn't benefit from that? Forex trading is all about timing. Markets are their most volatile during opening and overlapping times, after policy changes and announcements. Sometimes you need some time for volatility to normalize and see what trends forex reddit emerging, other times volatility is beneficial, forex reddit. But most new traders are eager to trade and trade on impulse, which is never a good idea. Although there are many different ways to approach trading, and as many different trading theories as there are stars in the sky, one thing that is a given is; knowledge is king.

Sometimes that knowledge comes directly from the source - traders like you on Reddit. Get the Forexlive newsletter. Select additional content Education. Trading offers from relevant providers. By subscribing I agree to Forexlive's TermsCookies and Privacy Notice This forex reddit is required. SIGN UP, forex reddit. By continuing to browse our site you agree forex reddit our use of cookiesrevised Privacy Notice and Terms of Service.

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Forex Community - Reddit

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09/08/ · The specific Forex subreddit, not only features success stories but horror stories of forex traders "blowing" their accounts in a myriad of ways. It's like being privy to an extensive trial and Author: Easymarkets /r/Forex Trading Community - reddit Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or