The combination of a regulated and low-cost broker works best for both beginners as well as seasoned traders who are looking to change their...
Thanks! Looks like you read a lot. Where can I find these books? No pdfs please!
The best tip is to keep track of what you are doing. Use a trading journal, I use a spreadsheet, and see where you are failing. And regularly...
Go with EUR/USD, if you are not sure which pair to trade. Then, trade with others. But as newcomers, it is better to stick with only major pairs.
High volatility and unpredictability are the nature of the forex that can not be changed and blamed when a trader loses. It is better to be...
Unlike other markets, you can start trading in forex with a low deposit. Also, you can trade anytime and get access to large liquidity. However,...
I have been using Elitetrader for quite some time. And since that, I have learnt some pretty new things that I didn’t know before. So, don’t worry...
Losses in forex trading can not be avoided but can be mitigated using strict risk management. It is common for traders to make mistakes but they...
It is important to have the right mindset in order to develop the right trading psychology. It also helps in maintaining a positive attitude and...
Motivation comes from within. So, we can’t do anything unless we genuinely want to. The driving factor is a change and how bad do you want it.
Most of it has to do with consistency. Great athletes run every day. Likewise, good traders trade every day and analyse themselves.
Yes, in stocks we trade stocks of the company, while in forex, we trade currency pairs. Forex market is larger than stocks and is also more volatile.
I’m sure where I would live. Maybe, somewhere with less population and more rural vibes, it sounds nice.
Separating emotions from trading is the biggest struggle for me. It’s not easy to lose money. I guess you have to make it a part of the process.
I use Forex Factory and Bloomberg. They are the best according to me.
Damn! That’s a lot of pills.
You speak the truth. Because of these things, we don’t value our time and spend it recklessly. Everything in leaves a balance.
I trade with EUR/USD and GBP/USD. You should certainly try that for this above time period.
Traders fail due to many reasons. A majority, roughly 95% -96%, of traders don’t have a trading system or a robust risk management strategy. Only...
Trading exotic pairs carry a high level of risk because these pairs are highly unpredictable and have high spreads. Beginners should avoid them...
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