Search results

There is no quick step, because forex trading is not gambling that can make you rich overnight. It takes a lot of time to learn about the fundamentals of trading forex. Don’t worry, because we all begin small. Once you have mastered how to trade with profitable strategies and effective risk...

Well written as described. Knowing the fundamentals of risk management, and money management, can help a beginner save money in forex, even if he does not perfectly know how to form good strategies. Another helpful tip might be the usage of capital. A beginner should trade with only that much...

Depending on your location and time zones, scan the market and check the trend currently on, and make your decisions accordingly. Good luck!

Yes, the thrill that comes with the process of analysing and strategising is just too fulfilling even with all the risk involved. Backtesting plans and learning new things and upgrading skills and constantly evolving as a person is what drives me, personally.

It’s definitely the knowledge, not the robots. Trading is not a get-rich-quick scheme. You will have to spend a lot of time studying the markets, finding your comfort zone, and developing your own trading strategy. You need to be disciplined and have a lot of patience.

Without a trading plan, you will have no idea about where to start and where to stop. A trading plan allows you to take control over your trading and not let the market control you.When you have a detailed trading plan in place, you are less likely to deviate from it. Sticking to your trading...

Yeah it’s a good one, I have heard a lot about it, that it's affordable and worthy. Yet, as usual, I prefer not to use bots for a long time, they are not trustworthy.

@Psychomancy Been almost a year since I started using coinexx, withdrawals have never been an issue, get processed on the same day.

I would suggest you not to open more than one pair at a time, unless and until you are a prodigy. Focus only on the movement of one pair and keep a track of the news, make plans accordingly and mark your exit at the perfect moment.

As a trader myself, I have seen that we believe that simple trading rules are for the naives. And if we wish to become professional traders, we should set difficult rules. But that’s not true. Our only focus should be making our system work because we will make profits only if our system works.

Your trading strategy can save you from the impact of market changes. When you analyse the market to build a trading strategy, you will know that there are so many market movements that need to be addressed. It would be utter foolishness to enter the market without a strategy. In fact, before...

There are no best strategies because strategies in forex trading don’t always work. You have to analyse the market situation and be flexible while implementing strategies.

I trade forex mainly because of the following reasons: - Flexibility - No zoom meetings and arrogant bosses - High rewards - Time to spend with family and friends

I am using Coinexx, the trading costs are lower and trade execution is also smooth. Overall they work well for me. You can also give them a try with a small amount if you want but DYOR before coming to any decision.

Best pairs are those which offer high liquidity and low spreads. Some of the examples of such pairs- 1)EUR/USD 2) USD/JPY 3) GBP/USD 4) USD/CHF If you are a new trader and confused about which pair to trade, I recommend you to start with EUR/USD since it is easy to trade and is the most...

Some trading tips for beginners- 1) Keep a trading journal and regularly update it 2) Learn from your trades. 3) Backtest your trading strategies 4) Focus on developing a strong trading psychology and a strong risk management 5) Do not use shortcuts

There is no fixed duration. It depends on your trading approach. If you do it with persistence, then you can expect to see results in 3-4 years or earlier.

With proper risk management, traders can minimise their losses. A good risk management strategy involves a set of rules and steps that traders should take to prevent losses and maximise gains. Some of the steps to prevent risk are- 1) Setting stop losses and take-profit orders. 2) Having a set...

We have already crossed 2 months of 2022. But doesn't every day come with new opportunities? So let’s make the best of each day and get better at trading.

With the help of mentors, one can understand the concepts of trading quickly and avoid the struggles of self-learning. But the problem is to find genuine mentors. But this shouldn’t stop you. There are thousands of forex communities where you can take help and guidance from professional traders.