Recent content by Jingoism

Most traders make mistakes at the beginning of their journey in trading and there is nothing wrong at all. I am listing down a few mistakes that you should avoid as a beginner - Start trading directly with a live account Not practising a lot on a demo account Starting to trade without getting...

You have to be knowledgeable to be able to make money in the forex market. You may have money but if you don’t know how to put it at risk at the right time and in the right amount, you may become a gambler.

There is no justified answer to this since the strategies and financial goals are different for each trader. Moreover, two scalpers don’t execute the same number of trades per day nor do two swing traders.

The forex trading market offers ultimate flexibility and is open 24 hrs for five days a week. You can trade anytime according to your convenience and comfort. Depending on your geolocation and your strategy, fix a timing that goes well with you to trade forex.

Money management is essential to being a good trader, it is a skill that takes time to learn, and one should be patient with it. There isn’t anything other than that which you can do. Be careful and make sure you know what you’re doing.

It's more about understanding the chart patterns and forex indicators.

To be a profitable trader you need to focus on a few things such as using a trading plan, treating it like a business, learn to develop a methodology which is based on facts, always use a stop loss and take measures to protect your trading capital.

As they are not foolproof, so there is no such guarantee of getting long term profit out of it. So according to me they are not legit.

- Focus on learning - Choose the right broker - Start with demo accounts - Use stop losses

There are so many people who fall in this trap, by just watching someone’s fake luxury lifestyle. Focus on learning newbies.

Forex trading robots are automated software programs that generate trading signals. Apart from that you should have the basic knowledge about trading.

If you don't have a trading plan, there might be chances you will lose all your money and there is no way to track your patterns and profits, as you do not have any trading plan.

There are no such full proof strategies, which can give you profit. Different people have different strategies, according to their convenience. You just need to plan according to your understanding and chart interpretations.

How you can't love that one asset, which gives you profit as well as passive or primary source of living.