Recent content by pumlley

Of course, Babypips is one of the best places to learn forex trading. Its simple yet powerful language makes you understand everything easily. Practising will add another layer of learning.

Learning new things and getting better at trading are the only ways to ensure a steady stream of profits for yourself. Therefore, focus on educating yourself first, and only then can you anticipate making a profit.

In the simplest terms, I can define risk management as the process of managing your money so that the results of your trades don't significantly influence whether you made a profit or a loss. You continue trading in the market because you are ready for both of these.

The greatest way to study forex is simply by self-education. You can read books or search the internet for sources to learn more. Fill up on all the theoretical information, and once you've mastered the fundamentals, it's time to put it all to practice with a demo account. Learn risk management...

EUR/USD and EUR/JPY are one of the best pairs to trade in forex. You can also trade in these pairs as a beginner.

Begin by learning. There is a wealth of information available. When you have finished learning the basics and fundamentals of the market. You can get a demo account and start practising. It is the most effective method of learning forex trading.

To win and make money in the forex market, you must have knowledge. Although robots can assist you in trading, they are useless if you do not understand the basics and fundamentals.

One can not rely 100% on trading signals. Moreover it is very difficult to find genuine trading signal providers.

For me, manually trading before using a Trading EA is the best course of action because if you're not sure what's going on, your Trading EA may be of no use to you. Learning to trade manually is really important for success in the long term.

It does not matter ‘how many’ trades you are doing. To make a living out of trading, what matters is ‘how much’ you are making, not how many. If consistent big profits are made, a few trades a month is enough. But if small profits are made per trade, then you need to make many trades per week...

The book I would like to suggest is called ‘Currency Trading For Dummies’ by Brian Dolan. It is definitely one of the best books out in the market for beginners and newbies. It teaches you the ABCs of trading and helps you understand everything about strategy and analysis.

1. Not spending enough time on demo account practice. 2. Not taking forex trading like a serious profession. 3. Being impatient and quitting too early. There are many more mistakes but these mistakes are the most common yet unacceptable. You must avoid doing any of these if you...

Some lose due to greed and overtrading while some traders lose because they lack knowledge and skills. Impatient traders who don’t even bother to learn will only lose their money in the end. You must focus on becoming skilled in order to become profitable over time.

I absolutely love trading. It’s like my second source of income. I don’t make profits all the time but it’s still going great and I love being a trader.

For now, it’s crypto trading for me. The crypto market is highly volatile and gives plenty of options to make money. I will never go for binary options because of the risk of manipulations.