Recent content by Pontoon

Grump Robots are really profitable without long drawdowns. Though not a big fan of EAs, this looks cool.

Yes, forex education is really important to trade forex! You can learn from free videos, courses, and demo trading. You can also opt for any trading course.

Yes, they’re good, using them as well as fxview, both have good trading conditions.

There is a lot of information available and forex being a vast subject, you can not simply dive into and study everything which is not even relevant. I’d suggest you start with basic study, identify what is your style; meaning how do you want to trade (long-term, short-term), check out the...

To be honest, no indicator is 100% accurate. We use them to speculate the market movement in the short-term. You can use indicators of your preference which you know. It is recommended to use more than one technical indicator to increase the probability of the trade.

Over-complicating trading is the biggest mistake of traders. I don’t know why most of them think that the tougher a strategy is, the better the chances of making money are. New traders need to know that it’s their understanding of the market and the strategy they are using that helps them make...

Automated copy trading is really useful for new traders. Usually when beginners start trading they often look for an effective and viable trading strategy but it’s not really that easy. It takes professional traders’ a lot of market research, hardwork and time to build a workable strategy but...

I am quite dedicated, I must say. There is never a day when I don’t trade. I keep checking the market to keep myself updated with its movements so that my strategy works properly.

Automated trading is many times helpful as it may mitigate risk by deciding on exit and entry orders based on charts and patterns. But sometimes they may be counterproductive as many aspects like fundamental analysis are not taken into consideration.

Most traders lose money due to lack of effort and patience. They neglect the most important aspects like technical and fundamental analysis, risk management and money management and often trade with eagerness instead of taking decisions with patience.

The amount of trades you make is determined by the strategy you employ. If you use a scalping strategy, you will execute more trades than you would if you used a swing trading approach.

A forex trader must have a trading plan as it helps to execute the actions in a disciplined manner. By a proper plan you can set your parameters for trading and be prepared for the upcoming challenges. A strategic plan really guides you and helps you in making better decisions. Emotions such as...

Well it depends on the trader’s learning capacities and how fast they grasp all the information & knowledge about the forex market.

Money management is one of the most important factors in growing as a successful trader. The main reason you should have a proper money management technique is to ensure that you can remain in the markets long enough to become a profitable trader. This is because when the money's gone the game...

Know the Markets, Make a Plan and Stick to it, Practice, Know Your Limits, Know Where to Stop Along the Way, Keep It Slow and Steady, are few tips I’ll give to anyone new in this world.