Recent content by gianfranco

Finding a mentor might not be easy, it’s better to learn everything on your own, there are plenty of good resources online.

Yes, you can use indicators and robots on the MT5 platform. Always backtest your indicators and robots on the past data before applying them to the live market.

Trading major currency pairs is the best for traders with insufficient experience in the market. Only after gaining enough experience does it make sense to try other pairs.

I still struggle with emotions while trading. Haven’t been able to get rid of anxiety although it’s been a while since I started trading live.

The best comes when you know you are doing the right thing. A trader should always keep in mind that he is doing the best for his own benefit and not make decisions with other people involved. Also, the risk of loss when trading is always present. People trading in forex should always be aware...

Price action is one of the simplest and best strategies to follow.

A spread is a difference in price between what you are willing to buy a currency for and the price at which somebody is willing to sell that same currency. Leverage is the act of putting up a portion of your capital in order to trade with more than you actually have.

A one-day chart is more likely to provide deeper detail of near-term market action, whereas a weekly chart may offer the longer-term context required for evaluating the significance of daily price moves. You can draw a trendline on a daily chart. The price action on the higher time frames is...

Many working strategies exist in the Forex market. These strategies range from very simple to more complex. Scalping and price action strategies are some of the strategies that can be used to trade in this market.

Sometimes it is tricky to stick to your strategy because you are always emotionally attached. I am still learning about money management, and I will surely try these strategies out. Thank you for sharing them with all of us here.

Thank you for sharing this, hopefully should be a good one.

Many ebooks are available on the internet that teaches you how to make money in the forex markets. There are many written by professional traders who have been trading for a number of years and have turned that into a profitable business.

Price action trading is a forex trading strategy that emphasizes the study of price movement. I like to trade with price action. Price action trading is fast-paced, intuitive, and provides traders with plenty of information. It has no use for any indicators, but traders can use it with all...

For beginners, I would recommend learning from the free resources available on the internet to get your feet wet. Once you're ready to begin trading for real, you can get some practice on a demo account.

Having the right mindset can help a trader throughout their trading career. When it comes to forex, things can get very difficult. Even if you have a lot of experience in the market, the right mindset will be the key to success. That's why you have to learn how to develop the right mindset from...