Recent content by DukeBarrel

I advise you to not completely leave manual trading but practice. It will be great for you, but I am not into automated trading. I admire the traditional manual trading method because I can feel my trades more.

The London session, Sydney session, New York session, and Tokyo session are the four trading sessions. The best times of the day to trade, in my opinion, are during the New York session, which runs from 8 a.m. to 5 p.m. EST, and the London session, which runs from 8 a.m. to 12 p.m. EST.

I would advise you to start out by practising on a practise account as you won't realise which approach works best without practise. Also, choose a strategy after testing it and progressively construct a trading plan around it.

Learning to trade foreign exchange usually takes one year on average. Technical knowledge can be acquired in a matter of weeks, but understanding risk management and psychology will take around a year. Most traders give up before ever developing a regular trading style.

Success in forex trading depends on certain factors like defined trading strategy, risk management, good trading psychology, knowledge and skills. If you learn and develop appropriate trading skills you will be well on your way to success in the forex market.

Some of the common and popular currency pairs that are often traded are EUR/USD, USD/JPY, and GBP/USD. These pairs tend to be more liquid, have tighter spreads, and are easier to analyse.

Any random person selling you courses and saying that they have the best course and they know the secret of forex trading is fake because there is no one who knows the 'real' secret of forex trading.

Self-learning is widely popular among the traders of today. Learn, practice on a demo account, and then trade on a live account until you are confident enough to trade.