Recent content by Sheldon.D

It's important to learn from the past mistakes but not to dwell on it so much so that it stops your progress toward future goals.

More than Youtube channels, why don't you use educational videos offered by brokers. They're much better compared to the ones on youtube.

I agree with you. Market analysis is ofcourse a crucial aspect of trading, and many newbies struggle with it. Practical market analysis involves understanding market trends, interpreting economic indicators, and using technical analysis tools to make trading decisions along the way. Traders who...

How has your experience been trading with TradingView?

Because MT4 is multi-functional, user-friendly, and lets users tailor the interface to their needs, both new and seasoned traders value it. Additionally, it provides sophisticated trading tools that enable users to use their preferred techniques.

The currency pair to trade that is both the simplest and most steady is EUR/USD. It is the best option for both experienced and beginning traders. Due to its low spreads and high liquidity, this currency combination is among the most popular ones.

From my personal experience, manual trading does not require a higher balance and the profit or loss depends on the traders' strategy and skills. EA trading requires a higher balance, and consistent profit is not guaranteed because it is based on the calculation of the robot.

The MT4 and the MT5 are excellent platforms to trade. I mostly use the MT4 since it is most suitable for forex trading; their software tools are easier to understand and trade with.

I personally feel better trading manually because robot trade requires a higher balance, and it is not 100% profitable. Whereas manual trading depends on trading skills & strategy, and consistent profit is possible.

There are several indicators that can help traders to trade and make a decent profit. I would suggest Moving Average because I have not found any lag in it for the past three months.

It depends all on the traders' experience and knowledge in forex. It is possible to make consistent profit in trading with any other regulated brokers.

A reputable forex broker is a broker that has been present in the forex business for more than a decade and holds a good reputation among other traders.

Good points Hitch, I agree with you as well that many traders, mostly beginners think that forex is like gambling, but with the right forex knowledge and strategy, it is possible to make consistent profits.

A demo is good for developing skills and using it to try new strategies, but the live account is where the actual market trades take place to earn profit. The demo account is actually a handy tool because when I wanted to check my broker FP Markets trading conditions, the demo account gave me...

I trade with a leverage of 1:200 with such high leverage I prefer trading with a reliable broker, so FP Markets is what I trust, and their withdrawals have also been fast.