Recent content by Cervicorn

I always wanted to trade forex as a side hustle. But I have a full-time job which leaves me no time to practice trading. So, after a bit of research, I found this concept called copy trading. Copying the trade positions of an experienced trader sounds like a good idea to me. Would love to know...

This might help https://www.forexforum.co/threads/most-important-forex-regulatory-bodies.25813/#post-179868

True! Due diligence is very important while choosing a broker to avoid such issues later on.

That is dependent on how much money you require to support yourself. And it's not easy to make money as a newbie because the market is full of risk, and trading isn't a walk in the park. Take small moves at first. Start with a demo trading account.

Plans are essential in the forex trading market for profitable trades. Without a proper trading plan you can never understand the market properly and miss out on the opportunities. Also, plans help you to manage your emotions and be rational while trading. Not only do you need a good strategic...

Strategies are important in Fx trading as they help give structure to your already creative ideas. They act as a guide, a plan to help the trader identify the correct opportunity and time trades accordingly. Loss is inevitable but a solid strategy helps you focus on minimising risk and receiving...

You can try out both and select the one that works best with you. If you are unable to manage your emotions and rely on luck, often, automated trading helps guide you. If you have confidence, then go for manual trading. It's really up to you.

No one can teach you how to trade, they can only guide you as you learn yourself.

Very. it's my entire life. To be honest, there are days where I feel as though I might be a little addicted to it, since I start my days with forex and end it with that as well. It's the highlight of my day at the worst of times, and picks me up at the best.

I prefer a broker with tight spreads and fast order execution so that there is no chance of slippage. A few beginning trades can give an idea about how the broker executes your trades and you can decide how you wish to proceed further.

The best forex strategy is also the easiest and most popular. It is trend trading. In this strategy traders choose to trade the currency pair that is the most trending. This type of currency pair is the most volatile in the market. The more volatile the market, the more profits can be made...

Yes I agree with you. However there are 4 major exchanges in the world - New York, London, Sydney, and Tokyo. The best time can be anytime of these crossovers. However, as the JPY has not gained interest, many people are now not focusing on the Tokyo exchange.

Forex trading can be handled in the best manner, if you have deep knowledge and experience. Yet, the market is classified on the basis of volatility. Hence, if you want to trade for frequent profits, then, you should trade when the London and New York sessions overlap because the market is most...

Yes, I really love forex trading. It gives me a lot in return for my hard work. But, I always make sure that I trade with good strategies and implement risk management strategies to ensure that I end up getting consistent returns.

The fastest way to learn forex is to visit the forex market and start following the other traders, asking questions and learning through the trial and error method. The more time you spend, the more you will learn. The more you learn, the more confident you will become. The more confident you...