Recent content by Monopial

As a beginner, you must learn each and every topic about forex trading. There is no point in depending too much on your instincts. When you have learnt well enough about a topic, you will be able to develop a winning strategy and follow it in the live market.

Don’t trade if you are too worried about the time spent on learning. You are mistaken if you think that time taken to learn is a waste of time. In fact, it is not less than any investment that you make into your future.

I had started with turnkey forex (still using them) because I didn't have much to start with (only 100 bucks) and I found them to be quite good and didn't find it hard to use their trading platform - mt4, you can also try their demo and see if they suit you.

I’d advise newbies to not to rely completely on EA. They should spend time developing their own analytical skills if they want to trade profitably in the forex market for a long term.

There is no best strategy. Just stay consistent with one for a long time. It will help you gain experience and upskill your trading strategies.

You can but I am no one to guarantee anything. Forex trading results are too individualistic because when you have your money involved, you tend to lose calm and make decisions in accordance with the results you have been obtaining. So, it’s hard to say anything about what you can make through...

If we talk about our regular living, we never buy anything that is out of our budget and if we do, we have an outstanding payment or a stress to cover up for the extra expense. The same is the case of risk management. It helps to stay in your budget while trading. If you trade with anything...

The best way to make more money in the forex market is to educate yourself and research the market. If you acquire several ways for coping with difficult situations, maintain composure, and know the technical and fundamental analyses of many systems, you may be able to retain discipline and make...

Any significant pair including USD has a lot of liquidity and is quite popular. So, major pairs are the finest currency pairs to trade for beginners as they are more stable. You should experiment with different pairs to find which pair works best for you. Because of their liquidity and...

There are numerous resources available on the internet to help you improve your knowledge and expertise. The only way to be successful in the market is to learn about it and understand it. You cannot compete in the market without it. It is preferable to concentrate on your learnings. It can help...

You have made a good post. Let me summarise it. Choose trading style wisely. Get the broker according to trading platform Determine entry and exit time wisely. Choose one method and stick to it. Weekend analysis

For beginners, the Ichimoku trading strategy will be an entirely novel concept. Many thanks for sharing, and for letting us know about it.

Thank you very much for those extremely helpful tips, man. It is worthwhile to read and put into action.

It’s not possible to use automated trading before you can trade manually. So, don’t believe in all that any random person tells you and do your learning properly.

It’s an important topic to be discussed. New traders need to understand the seriousness of trading and that in no way, they can make money the way experienced traders do until they spend equal time as them.