Recent content by deaddog

Couldn’t agree with you more, there are so many good brokers available these days, offering such great conditions and low brokerage, idk why people still want to trade without a broker, which btw isn’t possible as well.

A broker’s customer support team is really important because you can get stuck any time of the day and would need some guidance to get out of the problem. I prefer brokers that offer 24/7 customer support.

There is no best or worst strategy as the effectiveness of the strategy would depend upon your skills and knowledge to a great extent. So make sure to do your research and select a strategy that aligns with you the most. And if you don’t find one, you can use a combination of different...

A trading plan helps to plan your trades and manage your risk. It's a helpful tool that you can use to manage stress and keep your emotions in check.

Have you made real profits from it?

Some tips to become profitable - 1. Define your trading strategy and the trading rules. 2. Record the trading rules in writing. 3. Start trading. 4. Record results. 5.Review your trading, identify mistakes and fix them.

You don’t really have to make it that hard for yourself. If you know what you need your broker to provide you with, you will be able to find a good one easily.

Check your broker’s previous reviews. They can tell you quite a lot about how the broker serves its clients. Read negative reviews more closely to see what issues the broker has.

The technology used and the backup features offered by the wallet are important to consider. Make sure that you obtain complete information about the wallet you are planning to use.

It’s good to see how others have been doing in their forex careers. But it would be best if you set your own limits and find your own mantras. The forex market doesn’t easily let you win over it. It takes time to make money through it.

Risk management is the basic practice of trading where you don’t take a risk that you don’t understand. Be it opening a trading position or choosing an amount to trade, you never risk more than you can afford to lose.

Trading has always been a passion. It has shown me that even with a small amount of money, you can make a lot of money. Many people believe that if they have experience in trading, they would be able to survive even if they do not have a job.

Trading forex can help you earn extra money and increase your living standards. Learning to trade will increase your chances of getting that chance.

There are a lot of indicators out there, you should start with ones that suit your strategy and your trading style.

This is accurate! In forex, we have to separate our emotions from our trade and learning about the psychology of the market can be really helpful in trades.