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First-time forex traders rush into the market. The 24-hour, five-day-a-week foreign exchange market is convenient for them to trade all day because they track multiple economic calendars. The technique not only depletes a trader's reserves easily, but can also burn even the most tenacious trader...

For me, the most important aspect of FOREX psychology, and what often leads to problems, is a lack of appropriate education. The majority of new and struggling traders will make the same mistakes without the right education. Some traders made some of these mistakes because they did not have...

As a forex trader, it's almost inevitable that you'll go through some ups and downs. In order to become a successful forex trader, alertness and decisiveness are essential ingredients, and the ability to apply both of these skills while remaining emotionally and strategically rational will...

XM is a great broker with a lot of good trading features. Withdrawal is instant and customer support is excellent and very fast.

Experience is the best teacher, as the saying goes. In regard to this statement, psychologists indicate that there are a lot of happenings within the process of trying to gain knowledge through experience that involves a hard, expensive and inconvenient method of learning. To learn by experience...

As a newbie you can learn a lot from online forums and with the help of youtube.

Sellers lock and encrypt most good robots as a way to limit its use just to genuine buyers. Prices are usually more expensive than the normal robots we see, but they perform far better so it is worth buying if we are serious about trading with robots.

Depending on my mood and the time of day, I listen to various kinds of music. When I work, I usually play instrumental music as background music. In the evening, I enjoy listening to blues. Loud music does not appeal to me.

Always make your own trading strategy and should not follow others' strategies.

When I traded with indicators such as MACD, RSI, and/or Stocastic, I had several good weeks of consistent profit, and then all of a sudden those profits were wiped out by a few disasterous weeks. Obviously, the market conditions changed, and my indicator-based methods were no longer profitable...

Demo trading is an important part of our trading career. With a simulation, we can understand about the real business and develop the growth rapidly. In both trading platforms we can earn profits, but in a demo account we can not earn profits, but the experience is much more valuable.

Making a good analysis is the hardest part. Whenever we will make a trade, we will need to make a better analysis. Traders who are new to trading are unable to make a good analysis and lose money as a result. When we can make a better analysis, then we can easily profit from our trade.

TradingView's service is superior to the charts that brokers provide for you. So what are the advantages of TradingView? Here I will list them for you to compare: TradingView charts provide an extremely smooth user experience compared to the chart provided by the brokerage floor. The chart of...

Mentorship means that as we want to trade forex, we have someone with experience that will take us through the business after they have collected a fee from us, in the course of the mentorship that we pass through, we are always making some mistakes but which can be minimized because we are not...

So far I have no knowledge about or interest in Forex because I have never done any online trading before. But now I have some money that I want to invest, but I need decent currency. So I will learn Forex, but it will take some time so there is no need to invest.

I have no experience with dragon fire ea rebot but others can help you.

The forex market has some things that can happen, but people are not really profiting from the market as they don't understand risk management and how to position themselves to earn higher than expected. This is because the way we think about trading is basically gambling rather than reviewing...

Based on my current trading experience, I think that a custom trading system is the best indicator for scalping. When you're familiar with nonlagMA, it's a very good indicator for scalping. It's also a good indicator for long term trading, but you need to manage it properly.

Can it break the resistance? Plz, explain. Waiting for it.

EMA gives more weight to current data than SMA, which calculates the average of price data. An exponential moving average gives a higher weighting to recent prices, whereas a simple moving average gives equal weighting to all values.