Recent content by Tempera

The only way to gain profit in a fast growing market like this, is by learning and applying every skill to bring in potential profit. By creating a solid trading plan, adding risk management to the equation and doing whatever it takes to get it. Many traders get lazy and depend on luck, they...

The most important thing to keep in mind before trading forex is that you need a lot of knowledge and experience. It takes years to learn forex and making profits takes even more. Once you clear all the basic concepts, you need to trade in a demo account for a better understanding of the market...

The top three tips for trading forex in my opinion is to be consistent, to learn about the market properly, and to be patient.

This strategy doesn’t work for everybody. So, before you think of using it, do some practice and see if you like it. Moreover, if it holds any future potential.

Learn everything and grasp all the kinds of tricks from fellow traders. Build your network and interact with new experts. You must put your knowledge to use by practising on a demo account. Take your time and when you feel ready, start trading live.

I am fully dedicated towards trading and every trader must do the same. If you’re not dedicated and consistent then you can’t be a successful forex trader. Along with dedication, you need skills, strategy, consistency and patience too.

Trading plans pave the way to a profitable trading career. It is like a guide that helps you make decisions wisely. You need to develop a strategic and flexible plan for a simpler trading. Trading plans will always show you the right direction and keep you away from distractions.

Keep learning and upgrading yourself. Practice as much as you can on a demo account Analyse several strategies and find out a profitable one. discipline is essential. Trading is not a shortcut to making money so have patience.

There is no such thing as a best or worst time, in my opinion. However, you can determine the best time to trade based on the currency pairs you are trading.

I tend to grab a cup of coffee and listen to light music.

When it comes to forex trading, having a clear and defined strategy is essential to success. Trading without a strategy is often compared to gambling, as it is simply a matter of chance whether you will make a profit or not.

There are a number of reasons why trading without a strategy is a bad idea. Firstly, it is very difficult to consistently make profitable trades without a solid plan to follow. Secondly, without a strategy, you are more likely to make emotionally-driven decisions that can lead to wrong decision...

I think beginners mostly stick to the major pairs like EUR/USD. It is because they are more safe and popular. I also started with major pairs as a beginner. It's better to focus on mastering one pair that fits your strategy and also convenient based on your geographical location. Trading with...

That would be some group I wouldn’t want to be part of! When too many smart minds come together, there will be clashes. Also, you can’t follow another individual’s plan. You must listen to yourself. When you ride solo, you make space for growth and discipline.

There is no best trading strategy. The best you could do is to backtest a few different ones, and select the one that matches your main idea. You have to put in hard work and stay focused. Fx market has no easy way out.