Here are some that I try to abide by - 1) Manage risk - use stop and take profit order and assign proper risk and reward ratio. 2) Control...
Psychology is something that cannot be learnt in a course, it’s something you learn only with experience.
In terms of spreads my experience has been good with coinexx and lmfx. Most times on majors I get spreads ranging from 0.1 to 0.4 pips which I...
Never trade with greed or fear!
Reasons why you should use a stop loss- 1) It prevents losing money more than you can afford to lose. 2) It helps in money management. 3) You...
Take a break and introspect. If this is an overwhelming feeling, then talk to your family or consult a doctor. You will be fine!
It’s not unknown that during the pandemic more people started taking interest in forex because of the need to stay at home and make both ends...
Inflation is the highest in the last two decades. High energy and food prices are a major reason and Covid doesn’t seem to be stopping.
The aim is probably to attract more investors to enhance the standard of living in the country. More jobs and development are likely to come up...
When I started I felt so distracted in the live market that I couldn’t stick to my trading plan. But after constant efforts and losses, I have...
Risk management and money management tell you how much to risk and how to handle a loss. But to keep moving, that is not enough. You will have to...
I keep an eye on the forex factory economic calendar to track economic indicators and monetary policy decisions. It’s good for organizing my...
Pick any major currency pair out of EUR/USD, USD/JPY, GBP/USD, AUD/USD, or USD/CAD. They are more stable than others and if you use a low spread...
Experienced traders are still safe because they know that it’s not easy to make money in any of the financial markets. But the newbies who want to...
If you are asking what I prefer, then forex is my answer. But since risk management and money management are important too, I diversify my overall...
Maintain a record of the trades you execute and you will know which way your trading career is going. I have been keeping a trading journal for...
The good thing about using the price action strategy is that I don’t have to crowd my price chart with a ton of technical indicators that make it...
I don’t see any major difference between stock trading and forex trading other than the instruments that are being traded. Both the markets move...
I would rather take losses that I understand and improve than talk to “gurus” who have nothing new to tell that I can’t find on Google. Your money...
Failures and winners are equal participants of the market. Failures make winners and winners also fail. Your profit is someone else’s loss....
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