Recent content by Possessive

A trading plan is the basic necessity of your trading career. You may think that you will be able to make trading decisions when in the market. But it’s not as easy as said. As there are chances of wrong decision-making, you better enter only when you have a trading plan.

Yes I absolutely love trading and that is why I am trading forex. I would never do anything that I don’t like. However, it is emotionally challenging and stressful. You may get frustrated at times but with a good knowledge and experience, you can become a successful forex trader.

To earn consistent profit in time, while trading that every trader must keep in mind is (1) good risk management strategy (2) picking the right market trend opportunity (3) Rectifying past errors. As soon as a trader realises how important money management is, and how backtesting helps decide...

It is only natural to be emotional and many individuals confuse emotions with practical decisions, as long as they realise the difference between controlling your emotions, which means creating a balance between trading and daily life chores. Being patient is important.

Actually, if you have a thorough understanding of the market and are proficient in analytical skills and capabilities, you might not need any indicators. However, you can take trading signals from some indicators but do not completely rely on them.

You do not need to attend any kind of trading school. You can find everything online. You can dive into a big sea of resources about trading, investing, and forex. Improve your knowledge without spending any money. You can also prefer taking free courses that are available on Babypips or Udemy.

The beginning can be quite difficult, but that’s the case with any other process and not just forex trading. The key is to remain persistent and motivated because that is how you will overcome the challenges as a newbie and move towards a successful trading journey. As a beginner, your only goal...

There are a few things that I took care of and it went pretty smoothly for me. Stay away from the herds and their thinking. Do not attempt to time the forex market. Take a methodical approach to trading. Never allow your emotions to impact your decision-making. Always set goals that are achievable.

One of the most significant problems for traders is trading without a strategy. That is why, when it comes to taking a position in the world's most liquid trading market, having a trading strategy is a vital element of every trader's toolset.

The world's largest financial market, foreign exchange, is a platform for exchanging all of the world's currencies. The convenience of trading forex, as well as strong liquidity and the option to trade on leverage, are just a few of the advantages.

No one can teach you how to trade as such. It's something you have to learn yourself. You can opt for taking trading courses and reading books or watching videos in order to learn.

There is no exact limit to that. I will suggest you take every step with caution. If you are a beginner, it is likely that you will make mistakes at the beginning of your journey. So your first goal should be to become the master of your trade. Gain experience and then enter the market with all...

If you are really interested in learning how to trade successfully in the foreign exchange market, I am listing down a few steps. Follow these to be a profitable trader- Start by learning the basics. Explore good articles, blogs, videos, and tutorials. You can find thousands of free and paid...

What is this supposed to mean? I don't quite get it. Please elaborate.

Very well written! Some may be slightly outdated, but I'm sure they still work!