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Frequently breaking of ranges makes Forex trading harder for traders and it really generates confusion in the minds of traders. So, focus on learning about trading first. Eurotrader provides traders with signals to trade to help traders. Traders should adopt every possible measure so that Forex...
By the way, demo account is provided for the development of trading but things have been changed by new traders. They find interest in practice trading but they don’t want to learn something from Forex. In addition, this is the first and major mistake they do.
Make risk-management strategy your first and foremost priority so that it can help you earn profits on average. Risk management and money management should be the part of one’s trading as it helps in bringing out profits on an average. All the facilities provided by Eurotrader broker is risk...
There is only one advice for newbies that they should earn more and more knowledge. There is no alternative to earning knowledge for them. Besides earning knowledge, they should apply their learned skills in demo accounts. They should not invest in live accounts before learning Forex properly.
Traders should educate themselves with the best education. Only learning resources are available that a trader can easily follow to develop his skill. And it’s for free. Eurotrader also provides educational support to their traders so that traders can come out of consistent losses.
There are some traders who feel bored about reading a book. For them, watching videos can be a good solution. There are so many video tutorial available on youtube and traders should make the best use of them.
New traders can read books to develop their basic knowledge about the market. They will find different e-books in the form of pdf but its far better for them to watch videos. Besides all these, they should apply their skill to demo accounts to judge them.
The way a trader usually manages his risk is known as risk management policy. What are the ways? - is a question. Different traders have different ways like some reduces lot size and trade in low spread-consuming pairs. Some avoid trading during any news occurs and these all are taken as risk...
Different traders have different trading strategies, among them some are for scalping and some are from long term trading. But, effective strategies are rare in sight. To the students, scalping is the best alternative because it gives them quick return.
Success tips vary from trader to trader. But, for success, a trader must seek knowledge and strategy development. A proper strategy works as a roadmap which traders always neglect. So, valuable thikngs should never be neglected because it detracts a trader from the track.
I think a trader should spend at least 2 years to learn Forex trading. Learning should be accompanied by practicing. Almost all brokers allow traders with a well off trading platform, so does Eurotrader. While trading on demo account, trade like live trading, otherwise you will be failure to...
For me, the support/resistant levels are so crucial to identify! Because I set my SL/TP according to the position of those levels! I see, higher time frames are more reliable than the small time frames like M15, M30! This is why, I only prefer H4 time frame for my Price Action trading analysis!
Trading mantras vary from traders to trades. Like what I prefer is to take lesson from every mistake. It helps me finding out my lacking. I like to keep practicing a lot and apply newly developed strategies in the demo account. Eurotrader allows traders with a refreshing and well off demo account.
Fundamental analysis is not only important but also it is vital. You can’t capture the actual view of the market without fundamental analysis. I see traders fully rely on technical analysis but what I think is that technical analysis should be accompanied by fundamental analysis for a better...
We need at least 2 years to learn Forex from its core. There are several e-books, websites writing on different topics, YouTube videos, and many other paid courses of Forex. So, all of these are educational tools that a trader can follow to develop their skill and knowledge.
Forex carries a bitter luck to the newcomers maximum of the times. The reason is newbies are highly careless. They are basically averse to learning and flourishing their knowledge rather they like to copy others. But they don’t understand that copying doesn’t mean to professionalism.
On live account, a beginner should open two to three trades a month but they should open limitless number of orders on demo account. Because demo is the place for getting their skill ignited and sharpened. They should make their own roadmap about how they will advance.
No doubt on it! Money management is the key! If your trading strategy provides more than 70% success ratio then till now you can lose money here, if you are not serious on money management plan! So, don’t be aggressive in your trading, be logical & sincere on your risk reward ratio!
To be honest, this type of technical info’s helps me a lot to understand the market trend! But it’s not obvious rule; I basically rely on support/resistant levels to understand the market trend!
Frankly when I was a new face in this industry, then I was so much serious on candle patterns, but now I realize, candle patterns are meaningless without the chart context! In Forex trading, you should always follow the market trend!
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