If you want to know how to make spaghetti sause and you ask a group of people how to do it and 10 people tell you add garlic and one says no, then you should probably add garlic [quote=“Chinmay_Kalmane, post:18, topic:136069, full:true”]
Please dont mistake me sir, but I am a newbie and cant tell the difference between right and wrong information posted here.
Please do guide me and help me. If you think the posts here are wrong then do guide me to the right information. being a newbie all i can do is to look up to experienced traders like you and many others to guide me. Always looking for your advices.
When traders answer black and white questions, Those questions are answered by facts. You can verify by searching pips school google and forex, training guides. Example what’s a pip, what’s a pipette, what’s the difference, how does leverage work?
Correct Grey answers are based on a balance of probabilities : Whats the best forex indicator, should I trade a demo or real, what’s the best time frame. Those answers will mostly be opinions,based on a balance of probabilities. Some will be based on the traders experience, some will be based on a trader trying to sell you something, and some won’t be based on a balance of probabilities but on someone’s ego or very little experience .
Success in forex is based on decisions. The better your decisions; the better your success. The way to make better decisions based on a balance of probabilities is to first; Gather as much information as you can, then verify what’s true and what’s not, and you do that by researching, asking questions and common sense. Next Look at your Options. Then pick the least of the evils.
Don’t feel bad if your questions spark debate, that’s a great thing when you get opposing statements to the same question. Do some research and find out who’s right and who’ wrong if anyone is either right or wrong, just remember sometimes there is no right or wrong, there’s what closer to what YOU are trying to achieve.
PS Try this Leveraging in Forex Trading and How it Can Backfire | Investopedia