Recent content by Skyscraper

Patience is required in the forex market. Learn to observe and learn from your experience. Have realistic goals in mind and start working on them, as you cannot become rich overnight trading forex.

Start to learn from websites like Babypips. Learn from general trading books first and then focus on topics like risk management, trading psychology, technical analysis, etc. Everything is available online, and many of the good resources are free.

Forex trading is a highly speculative activity and carries a high degree of risk. Many traders fail to appreciate this and become over excited with the prospect of making quick profits, which leads to them making poor decisions that can result in them losing all their capital.

The top 5 mistakes I made as a new trader were - Not maintaining a trading journal Overtrading Letting emotions affect my decision making capability Not taking account of every economical news Using too many indicators at once.

Hello trader! Welcome to the forum. Such an indicator does not exist, one that will give you 100% win rate. You have to work hard on improving your trading skills to profit.

Three common mistakes that forex traders usually make are - They do not check their drawdowns regularly They ignore crucial market crossover hours They do not maintain a trading journal.

There’s no specific limit to how many years you need to learn forex. Basically, take as much time as you need to finish learning every basic thing, strategy, and demo trade for 5-6 months.

USD/EUR is the best currency pair for trading small accounts.

Acceptance is the first step in overcoming the anxiety of losing money and trades; even if we strive to avoid it, we will inevitably lose money and have losing transactions. Therefore, it makes no sense to "attempt" to prevent losing transactions; instead, we must develop the ability to accept...

Yeah! Major currency pairs are an excellent choice for trading. Not only are they less volatile and highly liquid, they are also easy to analyse.