Recent content by Plethora

Hi, nice to meet you. Profitable forex trading requires patience, knowledge, and the maintenance of the appropriate trading mindset and approach. Do everything in your power to develop a proper trading strategy and learn about technical and fundamental analysis.

Scalping is a tough nut to crack for new traders. That’s because scalping calls for swift trade execution, it might be a little challenging for beginners to master. Otherwise, scalping is advantageous to all parties. Remember that when you scalp, risk management and trading psychology are the...

Not all! For Zulutrade and Duplitrade you should check the brokers they support. This info must be available on their websites. Etoro and Naga are brokers themselves, so you have to open an account with them. You can use copyfx with Roboforex if I am not wrong.

Successful Forex breakout trading setups can provide lucrative trading opportunities. Since breakouts frequently result in new price movements and trends, traders attempt to take advantage of an emerging trend by entering the market for a breakout as soon as it occurs.

The Forex market is one of the most liquid markets in the world. This means that there are many buyers and sellers at any given time, so you will always be able to find someone to trade with. If you are new to trading, the first thing you should do is learn about it. Understand how a currency...

Totally! The reason there are so many scams taking place is because of fake gurus. Every trader should use precaution and trade with caution.

Getting a forex education is essential for trading successfully. Start by reading up on risk management, how forex trading operates, placing trades, when forex trading is active, and so forth. You can use a variety of websites, books, and other resources to learn more about forex trading.

Forex is one of the most profitable financial areas. But forex is an arduous journey marked by great labour and effort. Only those who have everything sharply and neatly kept in the toolbox go ahead and become successful.

Different traders have different preferences for trading hours. However, some general guidelines can be followed. When the market is most active, it is the best time of day to trade forex. The Forex market is open 24 hours a day, from 5 pm EST on Sunday to 4 pm EST on Friday. Usually, when the...

One thing is for sure that losing money is an undeniable truth of the forex market. But not every trader who loses loses because of the market being unpredictable. Some of them are not ready to adapt to the changing market conditions and don’t even want to make some changes in their trading...

When you are a beginner, you will be good with trades that are not too long or too short. You must stay with medium-term trades. Keep your trading positions open for one or more days so that you have enough time to speculate the market and make your trading decisions.

Keep an open mind and find your own main objective. Learning is very important, so is applying skills by practising and getting better at making profit. The main purpose of trading is to earn good profit consistently. Practice is necessary and place stop loss if you just started.

Hello, the only way you must start your journey is by learning through books and videos. Most importantly, sign up for a demo account and practise. There are many free courses available online, you must check it out. Remember, only with patience comes good things. Don't rush into anything. Happy...

A successful trading career can't be predicted in advance, and there's no way to plan for it. It all comes down to the circumstances. It can take anywhere from 5 months to a year or more for some people, while for others it may take even longer depending on the dedicated hard work.

A novice trader can become a professional over a period of time by following these steps: Keep learning. Practice as much as you can. Start small and apply tested and proven strategies. Learn from your mistakes. Keep a trading journal and record your progress.