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I would say GBPUSD. In my opinion its pretty hit or miss. If you're right you'll know, and if you're wrong you'll know too. From what I've seen it tends to be pretty relentless with its moves.
Most things in life are risky, but risk can be mitigated. With forex, yes you are inherently taking on risk in the hopes that your investment will increase your equity balance. Your risk depends on your particular parameters(i.e. position sizes, stop loss positioning, and win rate, etc.). All of...
I absolutely love trading, I love the charts and the puzzling aspects of it. The one thing I absolutely love is how dynamic it is, by that I mean you could have a winning trade going long on a pair, but someone could also be making a winning trade on the other side going short. This industry is...
Although I'm sure you want to continue trading live accounts, the best way to be profitable trading is to utilize many free resources or going through charts from the past, and backtesting your strategy. This means doing all of the tedious grind of drawing on the charts, logging the profits on...
Definitely overtrading and revenge trading. I highly recommend longer time frames like the 1HR - Weekly charts if you're just getting into this. They are way more forgiving than if you are trying to scalp or daytrade. Too tight of a stoploss and those small loses over time add up significantly...
There are many ways to make money online now, its the best time for anyone to overcome their financial circumstances. Youtube or video content. Trading obviously. Other investments like stocks, real estate, futures, etc. Selling books online or retail arbitrage, etc. The choice is yours...
Keep your lot sizes small... if, or when I should say, rather - you start losing, start reduces your positions until you get back to an ideal balance curve so you can start increasing your risk or position sizes again.
i've been studying on and off for 7 years... went live about 3 months ago finally. Heh... Everyone is different. Some prefer to relax on the learning when they find a profitable strategy, and some are just entranced and fully dive with passion into the markets. There's really no set in stone...
