Recent content by Hootenany

Do not lose hope when the market is not showing you the results you seek. Many traders lose hope quickly, and they don’t survive for long.

One should never rush to change one’s strategy without backtesting and forward testing it. Rushing to change one’s strategy leads to failure and nothing else.

That's strange, best to get in touch with their support, especially live chat - usually got my queries resolved when I pinged on the live chat of my broker (fxview)

There could be several reasons for the majority of traders' failure. One of them is a failure to constantly educate oneself. When you stop learning, you are on the verge of failing.

Study for months but have years of practical experience. Knowledge and skills are required to be successful in forex trading. There is no restriction on this period. It is a long-lasting journey.

This is not how trading works. You can be profitable in the market because of your extensive knowledge and expertise only. In my opinion, there is no best or worst trading time.

You must investigate the true problem. Examine all of your trading efforts to determine the true cause of your massive losses. Apply appropriate remedies.

I personally don’t think that there is anything like the best or worst forex pair to trade. It is up to the traders what they want to trade as per their tastes and requirements. Talking about my most-preferred forex pair, then it has to be EUR/USD because I find it very easy to trade. The best...

Spot on! I would add customer support too to the list, I mean that’s 1 thing that really impressed me about fxview, as they provide quick solutions to my queries. If one is planning to go long-term with a broker, I’d say even this point is important, what do you say?

Hard work and effort is accounted for, profit is earned through patience and testing your skills. Keep learning until you understand the market’s nature.

Everyone has a different approach, so what may work for you, may not for them. According to me, the ‘buy low-sell high’ strategy worked so far. You just have to find your strategy that matches the plan you've created and work towards achieving profit.

Sure, take time and relax before you start manual trading again. Using an EA for a long time is not suitable as you cannot completely rely on it. So, go back to learning and practice on a demo account if you must and gain confidence! It is okay to feel low, pick yourself back up, remember the...

There are many courses online that you can browse through, have a look at. But, I suggest you read ‘Trading in the Zone’ by Mark Douglas and ‘Currency Trading for Dummies’ by Brian Dolan and Kathleen Brooks. Start basic, develop a strong foundation and then if you want to get mentored, find one...

Start with gaining theoretical knowledge from books and online resources. Then use a demo account for practical learning. This is the best approach for learning forex as a beginner.

Hello and all the best for your journey ahead (with or without a forex slayer robot, lol). Hope all of us can find success and reach our goals.