Recent content by Wallflower

Studying about market is important as it will give the trader an idea of how to make the most profit from a particular trade by analysing the technicals and fundamentals.

I’d recommend Babypips’ School of Pipsology, as well as Coursera - ‘Forex Trading Around the World’. I’d also recommend you to read the books - Disciplined Trader and Trading in the Zone. All the best!

Unless and until you know how to manually trade and make a profit, you won’t be able to trade automatically and make a profit as well. Automated trading necessitates that traders possess technical expertise in software development, coding, and management. Due to the complexity of building...

The money you lost in forex trading is gone. There is no way to recover it all. In forex trading, you must pay for every mistake you make. This is what makes you a successful trader.

Both apps were taken off from the App store. There are other good options as well that you can consider. I’m using acttrader with aaafx and ctrader with pepperstone. Can give both a try until any update on mt4/5 comes.

The best solution for you right now is to avoid making live trades. You should brush up on your knowledge and practise more on a demo account.

The best way for beginners to learn forex, whether through a course or through books or YouTube videos, and simultaneously practising on the demo account. You can make the best use of the resources you have by practising how forex trading actually works in real life, how charts are analysed, etc.

When changing over to a new strategy it's best to run it in a demo account for at least 3 months. Running it in the demo account on different time frames and various market environments will give you upper hand over backtesting.

There are many reasons ! But here are some of the most common ones: 1. Not having a plan or strategy. 2. Not knowing when to enter or exit a trade. 3. Not managing risk properly. 4. Not having enough capital to weather the stormy periods. 5. Trading emotionally instead of logically. 6. Not...

Strategy is the root in fx! The most important thing in Forex is to build the right strategy because this not only helps you pick good trades but also in entering and exiting the market at correct timings in order to get the most out of each trade.

An ECN broker won’t manipulate the market. Here are some good ECN brokers you can try - aaafx, fbs and roboforex. They’re also regulated.

Yes scalping can be quite good for beginner forex traders. As the risk per trade is less and scal trades don't require deep fundamental analysis, new traders may find it easier. Additionally, it can help you learn more about the market and how to trade it effectively.

You can never leave learning. Your initial learning stage will have to learn from websites and practise on a demo account. It will take several weeks or months to understand enough to build confidence for trading. You should never rush the process, as you will leave many crucial things behind in...

The best places to learn online are websites like Babypips and Udemy, online libraries and subscription-based ebooks and audiobooks like Kindle and Audible, podcasts, and videos. Beginners should start learning from Babypips school of pipsology first and then expand their knowledge further.

A trader must learn forex trading with focus and attention. That will help them explore the market in detail. They should learn and practise on a demo account to explore the market's scenario and how to deal with various situations. A demo account will give them a 'taste' of the market. They...