Recent content by adil149

Professional traders approach trading as a business, employing disciplined strategies and risk management techniques. Here are some key principles that professional traders follow to generate consistent profits: Developing and Following a Trading Plan: Professional traders create a...

Sure! Trading Forex is like learning how to ride a bike. Just like you need to learn how to balance, pedal, and steer a bike to ride it properly, trading Forex also requires learning certain skills over time. Imagine you have a toy bike and you want to trade it with your friend's toy car. You...

Here are some popular websites and platforms that are commonly used for cryptocurrency mining: NiceHash (https://www.nicehash.com/): NiceHash is a popular cloud-based cryptocurrency mining marketplace that allows users to buy or sell mining hash power. It supports a wide range of...

Pin Bar Engulfing Pattern Doji It's important to note that candlestick patterns alone should not be relied upon solely for making trading decisions. They should be used in conjunction with other technical analysis tools, such as trend lines, support and resistance levels, and other indicators...

Many professional traders and investors use various tools and strategies to analyze and interpret market data and make informed trading decisions. These may include technical analysis, fundamental analysis, sentiment analysis, and other methodologies. However, even with sophisticated analysis...

Multibank is good. Fully regulated and safe. But I prefer you should invest $100 only (refundable) and get a $10,000 forex fund with prop fund trading companies. All you have to do is to optimise your trading strategy with less than 5% daily drawdown and a maximum monthly loss of 10%. Then you...

While there are many EAs available in the market that claim to be profitable, it's important to exercise caution and do thorough research before using any EA for trading with FTMO or any other Forex Prop trading or MyForexfunds. Here are some general tips to consider: Backtesting and Forward...

Binary options are a type of financial instrument that allows traders to speculate on the price movement of an underlying asset, such as currencies, stocks, commodities, or indices, within a specified timeframe. Some binary options sites may be operated by reputable financial institutions or...

Here are some key ways in which major news releases can impact the forex market: Volatility: Major news releases, such as central bank announcements, economic indicators (e.g., GDP, employment data), and geopolitical events, can cause significant volatility in the forex market. Market...

Leverage allows you to control a larger position with a smaller amount of capital, but it also increases your exposure to risk. It's crucial to understand the risks associated with leverage and manage them appropriately. Set a maximum risk per trade based on your trading plan and risk tolerance...

If you are considering using Westernpips Private 7 or any other trading system, it's important to exercise caution and follow proper due diligence. Here are some general guidelines for working with trading software settings: Understand the System: Familiarize yourself with the functionalities...

Maintaining proper equity management is crucial for successful forex trading. Here are some tips on how to effectively manage equity while trading forex: Set Risk Per Trade: Determine the maximum percentage of your trading account that you are willing to risk on each trade, typically ranging...

Trading gold using psychological / institutional price levels is always cleaner and better.

When considering investing in cryptocurrency, some factors to consider include the project's underlying technology, development team, adoption rate, market capitalization, trading volume, historical price trends, regulatory environment, and overall market sentiment. Diversification, risk...

Agreed. Even with a good trading system, if we are emotionally unstable, we can make mistakes and lose.