Recent content by Eusorphia

Yes, forex trading is a high-risk endeavour. Traders must tread carefully at all times or things will become extremely complicated. To survive in this competitive market, it is best to strictly adhere to all rules.

There are some most common mistakes that must be avoided like: 1. Entering in the live trading with poor knowledge and expertise 2. Not understanding the nature of the business. 3. Underestimating the risk management 4. Trading with emotions 5. Not learning from failures

Forex trading is not a scam. However, the majority of so-called trading gurus are tarnishing the image of forex trading. They are selling useless courses and signals in order to steal money from aspiring traders and live a lavish lifestyle. Beginner traders are advised to identify these...

In forex trading, even a single mistake can result in significant losses. You will never be able to recoup your losses in any trade. This is why traders are advised to trade with a clear mind and only after gaining confidence in their knowledge and skills.

Fear is a strong emotion indeed. Some manage it well, while others do not. Don't be concerned about losing money! You will conquer your fear once you comprehend that losing money is a part of this business. Accept that you will never be correct 100% of the time. Focus on your risk management and...

I agree, a good trading environment is really an important factor. I cannot trade in a noisy environment so I always trade in my room and don’t allow anyone to enter while I’m doing so.

There is no end to learning, similarly, there is no full course, it's a step by step ladder that you’re climbing while you figure out the best way to make profit. The internet has multiple courses to look at. I suggest you learn through books first.

You lose and then you learn. it is going to happen whether you like it or not. Learning from your mistakes can help you become a wise trader. People lose because of lack of understanding of the market sentiment which is important while analysing and picking a profitable opportunity.

Everyone always says you need to learn from books and videos. Yes, you do but if you don’t put that theoretical knowledge to practical use, are you really learning? I guess not. Hence, read all you can and practice on a demo account for a while to Ian confine and a deeper understanding of the...

Can give fxview a try, they have a vast market analysis you can check out

Give time to the trading process. Be patient and learn how to analyse and make wise moves precisely during shifts. Even if you practice on a demo account, it doesn’t prepare you for facing real loss. So, make sure you understand the importance of your capital to tread carefully.

I am sorry to hear that you are having a hard time as a trader. Failing is just a part of the learning process and such experiences are inevitable when you trade forex. I would recommend you to read the book ‘Trading in the zone’ by Mark Douglas. Because I feel that the psychological part may be...

Scalping is not an easy trading style if you ask me. So, I am not sure how ideal it will be for a beginner. But you can surely give it a try after practising well on a demo account first. Your timing will decide your profitability as a scalper. So focus on developing your skills and backtest...

You will have to scan the market in the place you’re located in. Check when the market is most active (the currency pair you wish to trade) and plan your timing accordingly. You can check geographically online. As for the currency pairs that you should choose, it is only you who should decide...

Hi, welcome to the forum! Hoping you achieve your goal with the same aspiration as you started. Keep self motivated and carry on forward. Cheers!