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deucher
deucherActive Contributor
Asked: April 26, 2024In:

There are many different events happening in the world and this definitely affects Forex. And this is one of the main reasons for the price movement, because the purchases and supplies of the people themselves are not so important. After ...Read more

There are many different events happening in the world and this definitely affects Forex. And this is one of the main reasons for the price movement, because the purchases and supplies of the people themselves are not so important. After all, any decision of any country can strengthen or weaken a separate currency, and then it will not matter how many people buy or sell

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forexgeopolitictrading
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Certainly! The situation in world politics has a big impact on the Forex market. Things like wars, elections, sanctions, trade deals, and economic choices can swiftly boost or weaken a currency. When there's uncertainty, investors tend to shift funds to stable currencies like the US dollar or SwissRead more

    Certainly! The situation in world politics has a big impact on the Forex market. Things like wars, elections, sanctions, trade deals, and economic choices can swiftly boost or weaken a currency. When there’s uncertainty, investors tend to shift funds to stable currencies like the US dollar or Swiss franc. The policies of central banks and actions taken by governments can affect inflation, interest rates, and how confident investors feel. As a result, Forex rates are often swayed more by international news and political moves rather than just regular trading activities.

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deucher
deucherActive Contributor
Asked: April 26, 2024In:

I know that in trading, not only knowledge about the price is important, but also emotions, but emotions do not play a role in predicting price movements. Of course, everything depends on the strategy you choose, but what is most ...Read more

I know that in trading, not only knowledge about the price is important, but also emotions, but emotions do not play a role in predicting price movements. Of course, everything depends on the strategy you choose, but what is most important for forecasting? maybe the direction of the trend?

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forexpredictiontrading
  1. Avarose
    Avarose Enlightened Mentor

    In my view, the most important factor for predicting price movement is understanding the trend and the market context around it. Identifying whether the market is in an uptrend, downtrend, or consolidation phase gives a clearer picture of potential direction. Alongside this, analyzing volume, key suRead more

    In my view, the most important factor for predicting price movement is understanding the trend and the market context around it. Identifying whether the market is in an uptrend, downtrend, or consolidation phase gives a clearer picture of potential direction. Alongside this, analyzing volume, key support and resistance levels, and broader market sentiment can help validate the trend. While strategies vary, having a disciplined approach to reading these signals is usually more reliable than trying to guess short-term fluctuations.

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deucher
deucherActive Contributor
Asked: April 26, 2024In:

This is a fairly popular but not effective trading method when a trader opens a deal thanks to the signals of an indicator that signals whether to sell or buy. When I started my journey in trading, I also studied ...Read more

This is a fairly popular but not effective trading method when a trader opens a deal thanks to the signals of an indicator that signals whether to sell or buy. When I started my journey in trading, I also studied these indicators, but they are not effective, so I do not think that it should be taken seriously. What is your opinion?

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forexindicatortrading
deucher
deucherActive Contributor
Asked: April 25, 2024In:

I think that everyone who started their way in trading chose a demo account in order to practice and not lose real funds, but for some it became a real trap, like for me, because I spent more than 2 ...Read more

I think that everyone who started their way in trading chose a demo account in order to practice and not lose real funds, but for some it became a real trap, like for me, because I spent more than 2 years on a demo account and could not start trading on a real account due to fear of losing funds. I tried a lot of strategies but couldn’t stick with one so I only tested one and that was my main mistake

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demorealtrading
deucher
deucherActive Contributor
Asked: April 25, 2024In:

Each person has a very different trading system, and for some, even one failed order does not play an important role, but for me, for example, such orders had a great impact because I analyzed it a lot and could ...Read more

Each person has a very different trading system, and for some, even one failed order does not play an important role, but for me, for example, such orders had a great impact because I analyzed it a lot and could not understand why the order failed if I did everything correctly. If I had several failures in a row, I generally thought about stopping trading in order not to lose all my funds, and this greatly affected my emotional state

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deucher
deucherActive Contributor
Asked: April 25, 2024In:

In recent years, I see a trend that most people want to learn trading because most of them consider it more profitable because the stock market is not growing as everyone would like, and in trading a lot depends on ...Read more

In recent years, I see a trend that most people want to learn trading because most of them consider it more profitable because the stock market is not growing as everyone would like, and in trading a lot depends on the person and he can make money even in a falling market. But due to such a demand for trading, there are many ways to deceive beginners. For example, sell various courses or sales jobs and people will believe it because they want quick money

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investingpopularutytrading
  1. Lastborn
    Lastborn Newcomer

    Trading or Investing both a favourable topic for People who like stocks market. I feel this is a general question everybody asks. I will give some reasons for both It totally depends on the individual who is engaged in all these things Particularly trading, if someone who have more risk taking abiliRead more

    Trading or Investing both a favourable topic for People who like stocks market.

    I feel this is a general question everybody asks. I will give some reasons for both

    It totally depends on the individual who is engaged in all these things

    Particularly trading, if someone who have more risk taking ability, pretty good trading psychology and manage risks and handle stressful situation might fascinates him to do trading.

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deucher
deucherActive Contributor
Asked: April 25, 2024In:

Trading is something much more risky than just investing, and here a lot does not depend on the person, as in gambling. A person can be a professional but still lose money because the market is unpredictable. And sometimes such ...Read more

Trading is something much more risky than just investing, and here a lot does not depend on the person, as in gambling. A person can be a professional but still lose money because the market is unpredictable. And sometimes such losses can be due to human emotions, so it seems to me that this is definitely one of the forms of gambling

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gamblinginvestingtrading
  1. Favor richy
    Favor richy

    Yes, trading can also be refer as gambling is just that in betting u depend on person while in trading u depend on the market which can  fail sometime I think  gambling is even more risky than trading. However, with trading you can have a winning strategy, you can take calculated steps to profit forRead more

    • Yes, trading can also be refer as gambling is just that in betting u depend on person while in trading u depend on the market which can  fail sometime I think  gambling is even more risky than trading. However, with trading you can have a winning strategy, you can take calculated steps to profit form your trading activities.but it’s not entirely the same. In trading, decisions are often based on analysis, research, and market trends, whereas gambling typically relies more on chance.
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deucher
deucherActive Contributor
Asked: April 25, 2024In:

With the development of technology like mine, it is possible, but it will definitely not be available to a simple trader, because artificial intelligence is something much better than a simple robot that has limited thinking. And if someone manages ...Read more

With the development of technology like mine, it is possible, but it will definitely not be available to a simple trader, because artificial intelligence is something much better than a simple robot that has limited thinking. And if someone manages to create such a bot that will predict better than a person, then that person will never share such technology with anyone.

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artifficialintelligencetrading
deucher
deucherActive Contributor
Asked: April 25, 2024In:

I had this thought before because I thought if I had more funds I would definitely be able to feel more free when trading and even my mistakes would not seem so significant but now it is definitely not true ...Read more

I had this thought before because I thought if I had more funds I would definitely be able to feel more free when trading and even my mistakes would not seem so significant but now it is definitely not true because if I would have made such mistakes then even a lot of funds would never allow me to earn stably

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fundsknowledgetrading
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    In trading, knowledge and strategy are extremely important for making the right decisions and minimizing risks. While having a large amount of money in your trading account can provide more opportunities and a buffer against losses, it doesn't replace the need for understanding market trends, analyzRead more

    In trading, knowledge and strategy are extremely important for making the right decisions and minimizing risks. While having a large amount of money in your trading account can provide more opportunities and a buffer against losses, it doesn’t replace the need for understanding market trends, analyzing data, and making strategic decisions.  So at the end of the day, having a large amount of money is good, but having the needed skill is important. 

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deucher
deucherActive Contributor
Asked: April 25, 2024In:

This is not exactly the way I wanted to write the question and I understand that I need to pay taxes, but I am more hesitant about whether I should pay taxes right away as soon as I buy the ...Read more

This is not exactly the way I wanted to write the question and I understand that I need to pay taxes, but I am more hesitant about whether I should pay taxes right away as soon as I buy the equipment or is it better to wait for a while in order to gain stability and then I can work and pay taxes for so that there are no problems with the authorities

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cryptominingprofit
  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Yes, in 2026, crypto mining rewards are taxable in Nigeria under the Nigeria Tax Act (NTA) 2025. Mining payouts are treated as regular income, similar to a salary. You are taxed on the Naira value of the tokens at the moment they hit your wallet. The first ₦800,000 of your total annual income is taxRead more

    Yes, in 2026, crypto mining rewards are taxable in Nigeria under the Nigeria Tax Act (NTA) 2025. Mining payouts are treated as regular income, similar to a salary. You are taxed on the Naira value of the tokens at the moment they hit your wallet. The first ₦800,000 of your total annual income is tax-free; above that, progressive rates range from 15% to 25%. Additionally, if you sell the mined tokens later at a higher price, that profit is subject to Capital Gains Tax. You can often deduct equipment and electricity costs to lower your taxable amount.

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