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You are right. There is no point in immediately risking real money when you do not know how to analyze the market and find reasonable and systematic entry and exit points. Therefore, first there should be a demo account, and only then you can open a small real account (for example, with my...

Yes, gold has always been a highly volatile instrument, so you need to think very carefully to trade it, especially with some advisers, which are very often unstable and drain deposits when trading even not very volatile pairs.

Fibonacci levels are constructed based on two significant points on the chart: the start and end of the move. Different traders may choose different points to plot, leading to different results. This subjectivity makes the application of Fibonacci levels less reliable, since the same chart may...

I think that trading using the martingale method, you will only increase your drawdown, and very quickly until you completely destroy your deposit. In my opinion, this method is not suitable for dealing with drawdowns at all.

I would add that you also need to trade with a reliable regulated broker (for example, my broker has an FCA license and has been operating in the market for over 16 years) with favorable trading conditions and fast execution, so as not to worry about your investments and the quality of trading...

He has nothing, no advisor, no money. That's why he tries to deceive gullible newbies.

Yes, no one in their right mind will ever sell really profitable trading robots that you just need to install in the terminal and rake in money). Sellers of such robots themselves would earn big and fast money, and would not sell such robots.

Why not 100% right away?? :) As practice shows, those who declare such a Winning Ratio are very often scammers.

I think that first of all, such traders were helped by training and constant self-development. The Forex market is dynamic and constantly changing, which requires traders to be flexible, able to adapt, master new approaches and have up-to-date information. In this regard, my broker's blog was...

To make informed and correct decisions when trading forex, you first need to have a solid trading strategy, be able to control risks, and control your emotions.

Does anyone have statistics on trading with this advisor for at least six months?

Technical analysis plays a key role in Forex trading and is one of the main tools used by traders to make trading decisions. This type of analysis is useful for determining trend directions, identifying the best moments to open or close positions, and managing risks by correctly and reasonably...

I control trading risks primarily by setting the lot size in transactions according to the rules of risk management, using stop losses in my trading and finding entry points into the market with a risk-reward ratio of 1:2 or 1:3. To minimize non-trading risks, I trade with a reliable broker with...

You must understand that any indicator, advisor or strategy can give false or incorrect signals, so an important task for a trader is to be able to control risks in transactions so that losses from such incorrect signals are minimal. Only then will it be possible to earn on Forex, preserving the...

You are right. Consistency is an important aspect of successful trading, which includes a clear strategy, trade planning, risk and emotion management, and constant learning and analysis. Success does not come from random actions, but from consistency, discipline, and the ability to analyze mistakes.

It depends on what algorithm we are talking about. For example, if a bot is created on the martingale algorithm, then no matter how you reduce risks or something else, this adviser will still drain the deposit, only it will happen a little slower. I have not yet seen a single profitable adviser...

First of all, a demo account allows beginners to practice and develop skills without the risk of losing real money. Also, a beginner never knows the quality of other people's trading strategies or indicators found in the free network, so that he can safely trade them immediately on his real...

Yes, such a diary allows you to analyze your mistakes and find their causes, which will give you the opportunity to adjust your strategy to eliminate such mistakes in the future and gradually improve the quality of your trading.

Any way of trading can lead to bankruptcy if you do not know how to analyze the market well, do not have a trading plan, discipline, do not know how to control your risks and your emotions.

Losses are an integral part of Forex trading. The sooner you learn to perceive them as a normal part of the process, the easier it will be to maintain emotional stability. At the same time, if you control the risks in transactions and risk a very small part of your deposit, then minimal losses...