Recent content by fartkontrol

These are all fairly old. May not still be that accurate, it's best to use price actions instead.

You may have a profitable strategy at the moment. But after some time, it won’t give you the same results. Every strategy calls for some tweaks and updates with time because of the ever-changing market conditions.

You can try ActTrader, simple interface, easier to use.

I don’t think it would be justified to set any limit on the time that you need to dedicate to your learning and improving. As you have to find your own way to success, you have to keep getting better whenever you get a chance. Focus on making the right trades at the right time and everything...

You just have to know what you are looking for. The internet is full of learning material that you would need to clear your basics. Learn well before you start risking your money.

You grow slowly. So, you better keep patience so that you don’t start taking up the risks that you should stay away from in the rage of growing quickly. Just make sure that you properly understand all that you are doing. If you don’t understand it, don’t do it.

EAs can be useful in the beginning and they do work, however you should do your own analysis first.

Risk management is essentially when you calculate the risks you’re about to take and see if it’s worth it to take them. Don’t take unnecessary risks simply because it seems like it’ll bring you a high profit.

You can’t trust anyone who states that they made millions in just a few days and they want to help you out. Rags to riches stories aren’t applicable with forex. You’re completely right, they’re fake gurus who just want to scam you.

A summary of what is written is that a black swan event is a negative and unpredicted event that takes place, causing the market to tank.

The best way to learn to trade is to do your own research rather than asking someone else to help. This is because scammers may try to rip you off.

As you are a beginner, I would suggest you start with manual trading, because EA will not be helpful for you, in any way. So it would be a better option to trade manually and gain knowledge about trading.

For me it is acttrader that does the job much better.

I completely agree with you. Money management plays an important role. In the beginning, there are high chances that you’ll ignore it but if you really want to survive in the market, you have to have a strong money management strategy.

Forex market is open 5 days a week for 24 hours a day. Fix a time which is best for you to trade and be consistent to follow up.