Rather than demo I believe micro accounts give a better picture of the broker’s trading conditions including spreads. I tested both my brokers...
The effects of inflation may slow down because people won’t spend money as much as they used to which may also lead to the prices going down. For...
Practicing on a simulator with virtual money is better than losing your real money, especially for beginners who have no market experience. It’s...
It is the outcome of demand and supply. However, forex is a manipulative market. And more than 50% of the forex market is central banks. There...
They have low liquidity and high volatility. Other than that, they have high spreads. Some traders do trade with exotic pairs and trade them with...
@Bailiwick Yes, they have high liquidity in general and low spreads. In the beginning, it is better to stick with 2-3 currency pairs and...
I agree that demo trading is important but we must not depend too much on the results we get from demo trading. They are meant to get an...
Using stop loss and take profit orders are the best ways I can think of while trying to minimize risks and losses. The second best thing is not...
For those who want to get a taste of the market conditions after they are done with their theoretical knowledge, the demo account is what I would...
The major difference between stock trading and forex trading is because of the instruments being traded. And the other differences like volatility...
The biggest challenge is related to your market understanding. You can do well only when you understand the market well. To develop an instinct...
One of the major reasons for the popularity of forex trading is that it can be done any time of the day at any amount that you are ready to put at...
The countries are imposing lockdowns again because of the rising number of cases. Just when we think that the situation is getting better, it...
Scalping requires you to be highly skilled and super fast at making trading decisions. If you can’t do that, use some other strategy where you...
It’s not just scalping, every trading strategy is risky if you don’t know how to use it. You should choose a strategy on the basis of your...
Ignoring losses is not a permanent solution to the problem. You have to find the root cause of the issue and eliminate it. If you find an issue in...
In no way forex should be seen as an easy way of making money. It requires the talent of patience and understanding to win over the market. You...
When they say that you must do your trading step by step, they mean that you must leave no stone unturned that could become a stepping stone...
I don’t think that tiktok can have any big impact on forex. It may become the reason for losses of some traders who use it to learn strategies or...
While knowledge and experience are necessary, praying may also help in trading. It can help through emotional control and improvement of state of...
Separate names with a comma.