Recent content by Frank Rogers

Maybe! But money can never be enough! So even if I start earning consistently, I would still want to earn more money. Such is the nature of money.

Generally, I avoid listening to music while trading. When I do, I prefer something soft. Like some instruments or something.

I trade to become financially free, which I think must be the reason why anybody would invest their time and money in trading.

Right! It’s a wrong perception. Trading is a long-term business. If you become hasty, then you will end up losing. The best way is to win small and then place bigger trades.

Scalping requires a quick strategy and good technical analysis. Moving Averages, RSI, and ATR indicators come in handy for scalping and other short-term trading strategies.

Although every pair is different and requires a different strategy, new traders should go for liquid and less volatile pairs such as EUR/USD. Aim for major currency pairs.

There are a lot of books in the market. Like most traders, I started with Babypips and books like trading with dummies and trading psychology. They can give you a basic idea, but you will learn the most while trading.

The forex market is volatile and a lot of factors influence the price movement. You can understand its fundamentals in a matter of weeks. However, you have to constantly analyse the market and stay with the global events to make profits.

It’s a very personal journey because success holds a different meaning for everyone, and in the matter of money, the more, the better. For me, success is consistent profits, even if its small.

Of course, experienced traders have years of knowledge that can help new traders to avoid mistakes that they did, which significantly reduces the path of learning. But it only works once traders implement those lessons.

Finpro Trading is good , using their ecn account .

If you’re starting out, you should start with basic trading strategies. EAs are not completely accurate, and there is no guarantee of profits. However, you can use EAs to learn how strategies work, rather than how to make money out of them; in return, this will help you create your own...

You can check youtube videos. Also Babypips, a very popular forex forum, offers a free, foundational course on their website. Robots have very limited use, and they can’t take informed decisions because the market is volatile and unknown. As a beginner, you can take help of signals and...

Your analysis and trading strategy are two components essential when trading with any pair. Every pair requires a different trading strategy and understanding. I prefer to go with EUR/USD, USD/CAD, and GBP/USD. New traders begin with major pairs because they are more stable.

Yes, it is one of the most important aspects of trading. If you fail to keep track of the flow of your money, then becoming a profitable trader is difficult. Your risk appetite depends on your investments. To win trades, you should know how much you’re ready to bet.