Recent content by Siphonic

There are so many courses available on the internet. However, checkout babypips, it has some good resources to learn and polish your knowledge.

Fxview has a good one - costs around 25 bucks. Ping their support team if you have any questions.

There is no easy way to ensure your success as a trader, and there never has been and never will be. All of it comes from consistently educating oneself and working hard in the marketplace.

Hi, welcome to the forum! Develop a strong base understanding of how the market functions, so you’re prepared to face the tense situations with ease. Practice on a demo account to get familiar and use the process. Good luck!

Naturally, knowledge only helps you make better decisions to bring in more profit. Hence, traders need to focus on learning if they want to earn consistency in a market that frequently changes.

I don’t think there is a specific right way of trading, everyone has their own approach to market sentiment. You need to focus on gaining knowledge and practising on a demo account so you’ll know what to expect during the live trading process.

EUR/USD is certainly the most profitable pair but also GBP/USD and USD/CAD are very good pairs to begin trading with.

I am using fxview for daytrading, works really well. mostly into gbpusd and usdjpy and yea, the overall trading cost has been good, better than expected.

Fear is a common emotion faced by many traders when they enter the market. Traders need to understand that by making mistakes, they increase their chances to make profit because learning from loss is only a step forward. This is exactly why experts advise to start low and expand with experience.

I do love trading but I still treat it like a job or profession. I enjoy being a trader but at the same time I try to be serious about it. It is good to love what you do but that should not make you emotional at any point especially when it comes to forex trading. It is better to not get...

Thanks for sharing. I really like learning about various strategies and looking forward to more of this. Although the Quasimodo pattern is one of the most reliable patterns to detect trend reversal, it is not that popular among forex traders.

Many beginners start out as scalpers for making quick profits in the forex market. But it is not that easy to become a profitable scalper. I would suggest you try out any strategy on your demo account first and then decide if it will be the best one for you.

I agree! Practising on a demo account is a must. Many brokers even have a low initial deposit requirements like fxview, fxtm, hotforex and the ones you mentioned like XM and exness. Traders can even test the waters on a live account with small capital. This will give them a better experience.

I think knowledge comes before anything else. You need some kind of knowledge even to make profits using forex bots. The one who lacks knowledge will never be able to find success in the long run. I would always trust and depend on my knowledge and skills more than trading bots.

Good luck with that. But I would advise you to try learning manual trading again. You should not give up on learning this easily. Automated trading also has its own challenges and sometimes it is way riskier than manual trading. Learning to trade forex will never be easy but the knowledge about...