Recent content by Fedcorn

I have the same feelings. No matter how good your system is, it can’t beat the always-changing market conditions.You have to maintain your edge by backtesting and updating your strategies from time-to-time.

Having a mentor by your side can assist you in making fewer mistakes. It also improves your chances of success in whatever you do. Even though having a mentor can be useful, it is not required. There are many self-made successful traders out there.

Yes, I enjoy trading. It is a fantastic opportunity to make money. Many young people are now entering the market and making trading their full-time profession.

Welcome to the forum, instead of focusing on an indicator, increase your knowledge and understand the market sentiment, as that’ll help you in the long term. Good luck.

If only traders deal with loss, will they be able to rise in success as they move forward in their journey. It’s not easy and traders need to apply measures to secure their capital keeping in mind the constantly present risk levels. Accepting loss and learning from their mistakes is the only way...

If you’re making losses, you’re wrong somewhere. Evaluate your strategy and trading plan properly. Don’t risk more than your risk appetite and risk only 1-2% of your trading capital. I would advise you to practice on a demo account until you make steady returns before you trade live.

Without a doubt, Major pairs are the best. They comprise the leading economies across the world and hence the profits are high. That’s because they are high in liquidity and offer lower spreads. They are more stable than Minor or Exotic pairs.

My humble advice would be to give yourself more time and learn manual trading first. It surely is quite challenging and stressful at times but that is the only way to develop your skills in a way that can benefit you in the long run. Automated trading can be profitable but the success is not...

You can see many self taught traders who are quite successful and this proves that you don’t really need a mentor to learn about forex. It does take time when you are learning on your own. Don’t put the blame on your luck and continue to work on your skills as a trader. Read some good books and...

Trend trading is my favorite strategy. Every trader, however, has a unique approach that fits their personality and trading style the best. The majority of traders prefer day trading since it is the most effective for short-term trading and generates quick gains.

When the New York session and the London session coincide from 8:00 am to 12:00 pm EST, I prefer to trade my favorite currency pair i.e., EUR/USD. High liquidity and narrow spreads are available with this currency pair.

Scalping is a trading style in which traders profit from small price changes and make fast profits off reselling. Scalping may prove to be a nice strategy for beginners in certain cases only if they have entered the market with sound knowledge, a learning mindset, and a tested trading system.

It will not be a right thing to specify a certain number. The number of trades for a beginner varies from trader to trader. Some traders may start doing well from the beginning if they enter the market with proper strategies, then they can trade as much as they want. And others might not have...

Building a profitable strategy would be impossible unless you build your skills as a trader along with it. Any trading strategy would fail if one is not knowledgeable or skilled enough to execute it well. You should always look for ways to improve your skills and strategy, for attaining long...

I know it feels awful when you keep on failing even after learning for years. But please be patient and see what you are doing wrong. You must be repeating the very same mistakes which are hindering your progress and stopping you from attaining success as a forex trader. Keep on trying and...