Recent content by YellowWitty

Consistency is the X factor that determines your success. Forex journey is a long venture, and many are not able to keep up with the efforts. If you follow a proper schedule, backtest regularly, and learn daily, success is possible.

Making profits, once or twice, is easy, but making consistent profits is the hardest thing to do. You need to be regular with your backtesting and study the market in detail.

EAs can be helpful if you learn from them. When you use them, understand their functioning, which could be helpful in creating your own strategies in future. But I have never relied on EAs completely. So, with time, it is good to learn manual trading as it is more effective.

Sorry, but there is no right way. Everyone learns in their own way and speed. I would recommend you to keep track of your trades and analyse them from time to time. Leave live trading for a while and practise on a demo account.

If you want to trade with stable pairs, try major pairs - EUR/USD, USD/JPY, etc. They are less volatile compared to other pairs.

USD/JPY, EUR/USD, EUR/CHF, and GBP/USD are my top picks.

Agree, if they actually worked, trading would have been so easy.

Knowledge is only useful if you implement it practically. Did you trade on a demo account? I would recommend you to clear basics again -babypips is a good source. And start practising. Take help from traders who share free strategies. Implement a demo account and see how they work. Later, you...

The overlap of the London and the NY session is when the market is very active.

I guess that depends on the objectives of your trades and style. There are trades who sit in front of the screens all day, but don’t make a good trade. On the other hand, some traders make the same profit in a single trade.

Totally agree! I trade behind closed doors, away from my loud family :)

As a beginner prefer trading with regulated broker that has low trading costs and offers fast deposits and withdrawals.

Have you tried Price action? This strategy is great if you know how to read candlestick charts and identify different patterns.

Hi. I would give it a go. Thanks for sharing, mate.

The best would be stable pairs such as EUR/USD, USD/JPY, etc. Initially, do not trade with highly volatile pairs, such as exotic pairs, as they are very complex to trade.