Recent content by Hercule Butler

Both are beneficial, and you should consider what works best for you. Giving up manual trading without trying enough is a bad idea, though. Backtest for some time, I’m sure you will find something that works for you.

I prefer trading when liquidity is high, and volatility is medium. This is why I find the overlap of the U.S./London markets (8 a.m. to noon EST) are more profitable.

Forex trading can be very profitable, but only if you have trading skills and sound knowledge.The market is erratic and you must know how to handle the volatility. You must also concentrate on gaining practical knowledge so that you understand what is going on in the market and how to capitalise...

See, almost all of the best-paid courses and tutorials simply teach you the fundamentals of trading and the market. They cannot guarantee that you will be profitable. Profitability is determined by your own market knowledge, research, and understanding.

Since you just started, you should prioritise getting educated. It's too early to try and make a profit in the market. Enhance your skill set and broaden your horizons to ensure your continued success in today's competitive marketplace.

It is true that once money is lost in the market, it cannot be recovered. To be successful in the market, you need to have a thorough familiarity with the market and trading and gain experience. As they say, experience is our best teacher.

If you need to get clear headed on how the process works, demo trade until you figure out the right way to approach the market. There is no end to learning in this market. Hence, if traders don’t understand how to apply their skills to each trade to win, gaining consistency will fall flat in the...

Well, not every strategy will work for you, there are some that could seem easy but it won't necessarily apply to your current situation. Everyone enters the market to gain profit, but there is no 100% guarantee on winning. Traders need to learn how to analyse and strategize in order to maintain...

Getting success in the forex market is possible with consistency. You must be disciplined, have good trading psychology, well-planned strategies and good control over your emotions.

Most of the people lose money because they don’t have proper risk and money management systems. Trading with discipline and having proper risk management can surely save you from losing money in the market.

You may not know how the market moves and what the outcome of your trades will be. But you can obviously decide how much money you should put at risk and what you can easily afford to lose. Learn not to go beyond your risk appetite.

There are surprises at every turn you take. You have to recheck and refine your strategy every now and then. You will make money and lose it and again make it. The cycle continues and it’s just patience that can protect you and help you stay in the long run.

There are new coins coming into the market every now and then. But I only trust the ones that have been around for a while now.

I would say months not years. If you keep implementing the strategies you learn side by side, you can learn trading in months not years. This is true for any financial market.