Recent content by Balshine

See, when you enter the Fx market, you can’t expect to set a deadline for time spent learning. There will always be something new to learn during the process. You have to enhance skills and build knowledge as you move ahead, it is the only way you will be able to master the art of trading. So...

I think what matters most is how you view the market and how you wish to approach it. Create your own strategy and follow your own plan. If you fall for these distractions or copy another trader’s ideas blindly, chances are you might not win. Be unique and have faith in your decision making power.

Yeah, that’s true. No matter how much you learn or practise, if you’re not dedicated to what you’re doing you can never achieve success. Success is achieved via trial and error. It necessitates dedication and time. Learn what works and what doesn't. There are thousands of trading methods...

I agree with you. A successful trader must be disciplined and adaptable. The forex market is risky and volatile. This is why it is important for the traders to be flexible so that they can adjust to the market behaviour easily. Also, a successful trader must be able to take losses as a lesson...

Yes, I do love trading. Though initially it was hard to get through but as I started making profits, it felt wonderful.

It is important to consider these facts in order to understand the nature of the market and the reason for which the market is behaving in a certain way. Understanding them helps in depicting the future market movements.

Do your homework prior to making any decision Practicing is the key to be the perfect one Never stop learning

Why don’t you try copying professional trades instead of making your own trading decisions for the time being? There are so many platforms that let you do that like zulutrade, etoro, duplitrade etc. When you are ready you can take things in your hands.

In forex trading, there is no best or worst time to trade. However, appropriate time slots can be identified based on the specific currency pairs and timezones.

I don’t think any course would work better than the school of pipsology. I suggest going through it and obtaining the basic knowledge seriously so that you can use it in the live market.

Depends on the strategy you are using. You cannot be sure about the number of strategies you would be required to execute per day until you have a strategy in hand. So, just focus on building the right strategy and you will be able to find the right number of trades per month.

First thing to do is go through your previous trades to see what went wrong so that you can improve your mistakes. Secondly, don’t depend on spoon feeding. As you have already placed some trades, I am expecting you to know the basics. So, practice well on a demo account and keep improving your ways.

For a trader to become successful in forex trading, the most important requirement would be focus. If you distract yourself from your goal, you won't be able to put efforts in the right direction. You must focus on obtaining forex knowledge from different sources so that you are prepared for...

Basics alone won’t work if you don’t know how to apply them on your account. To overcome this barrier, you can use a demo account where you can practice trading with virtual money. Try using different strategies until you are sure about trading in the live market.

Consider risk management as an important part of your trading career that tells you which risks are worth taking and which ones you must avoid. You get to know how much money you should put at risk in a certain trading condition and what ways will help you save your money and help you trade in...