The OA and Midnight Mass.
Some of the rules that have helped me to become a better trader 1) Use of stop loss and take profit order. 2) Risking 2% of my trading capital 3)...
Yes, it can be an addiction, which can cost you, both financially and emotionally. If that is happening, then you need to reconsider it.
Using FinproTrading, no inactivity fees, no withdrawal fees and pretty tight spreads.
I track my trades and study a little bit about the market and other ways to make money online.
These are few of the challenges that I faced when I started trading- 1) Creating a strategy. 2) Coping with trading psychology 3) Good risk...
Yes, diversification is a good way to avoid risk. In order to generate income, we should invest in stable, lower-risk investments that can produce...
Trading Psychology: how to get a successful mindset by Timothy Sykes. Trading in the Zone by Mark Douglas is a good book as well. Books and...
It’s personal preference how much risk one is willing to take. But it is recommended that traders should risk a very small percentage of their...
I trade with EUR/USD and USD/ JPY. but looking at exploring more.
NO. You should never ignore losses in forex trading. Indeed, whether you win or lose, you should always backtest your strategies and work on...
Same here! I trade two major pairs: EUR/USD and USD/JPY. Trading 2-3 currency pairs has been very beneficial to me. And Gold is evergreen.
In stocks- You buy shares and become a part of the company. As the company grows, your money grows. In forex- You exchange currencies at a certain...
That makes sense because only your trading skills take you ahead in forex. Demo trading helps you develop required trading skills. Therefore,...
The forex market moves because of supply and demand. The main participants in the forex market include central banks, hedge funds, and financial...
Start with a major pair because they are more liquid and not very volatile. EUR/USD, USD/JPY, and USD/CAD are some best pairs to trade. Initially,...
The forex market opens on Mondays and remains open 24 hours till Friday. There is low liquidity on weekends; therefore, traders don’t trade on...
Yes, scalping is a risky strategy because you have to make quick profits in a short period of time. Traders also have to do multiple trades to...
No. But social media platforms, including Tik Toks, can scam a lot of forex enthusiasts.
I use stop loss as a way to minimise my trades because when I am taking a break from trading, I can be certain that the trade will automatically...
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