Recent content by Asteism

Hey, I must say that you have chosen a great forum to learn. Stay active here and keep learning from your senior traders.

Trading has become a major part of my daily routine. Once I get back home, the first thing I do is check my charts and find entry signals. The time I have spent in the market didn’t only tell me about the market but also my capabilities.

Well, it is impossible to find a strategy that works with ease in all commodities or financial markets alike. A strategy is more specific and needs to be revised as and when the situation demands. No strategy and work forever and that is why we need to focus on becoming knowledgeable and skilled...

I would say trading is 50% analysis and 50% psychology. So, trading psychology is an integral part of trading success. A trader must be able to make decisions based on logic without any emotional bias. New traders often don’t pay much attention to the concept of trading psychology and this...

Dedication along with a proper trading plan leads to success in forex trading.

Although indicators help in improving our understanding of the market, they do not predict how the market will act. In addition, your trading approach will determine how beneficial an indicator can be.

Don’t follow anyone. Build your own rules-based trading routine and stick to it. Be thoughtful about the capital you will be using for trading. Learn to keep patience because good things take time.

Because of the ongoing discussions about bitcoin being harmful to the environment, I am sure that a lot of new environmentally friendly cryptocurrencies will find their ways into the market.

You should apply for a course. There are free courses available, but I will personally recommend to you the courses offered by Coursera. There are many beginner, intermediate, and mixed courses. Just search for forex trading in Coursera and choose an appropriate one. It’s highly informative, and...

You have stated good points, but according to my experience in trading, I will state that these are my top 3 tips - 1. Risk management. It should be your first priority after researching and analysing the market. In my trading journey, I feel like risk management is the most essential brick. 2...

New traders are too influenced by the social media tips. Some of them make trades even before they have a precise trading strategy. As you will be spending your money, make sure that you do your own research.

Unexpected things happen in the crypto market when you least expect them. If you don’t have a risk management plan and keep trading intuitively, you will definitely lose your money. Keep in mind that crypto trading is not just about profits but risks as well and if you don’t want to drain your...

Depending on your trading strategy and level of risk tolerance. For intraday trading, I prefer 15 or 30 minutes, and for swing trading, I prefer an hour.

Just use a demo account to practice before switching to a real one. The main psychological difference between demo and real is that you don’t take your profits/losses seriously in demo because there’s no real money involved, so try to treat demo account as a live account and strengthen your risk...

Beginners should start with one or two trades, until they gain experience in the market. You can always expand after you gain enough confidence to make the right moves at the right time. Practice on a demo first, then trade live.