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It is also better to choose a regulated broker for trading. Working with such a broker, you reduce the risks associated with fraud and unfair treatment from the broker, and also get access to high-quality services, educational materials and a dispute resolution mechanism. Always carefully check...

Constantly learn and develop. Read articles, analyze mistakes, learn new trading methods, communicate with experienced traders. Education helps you be prepared for the changes and challenges you will face.

I think that with any trading method, we create danger for ourselves when we do not control the risks in transactions in order to earn quickly and a lot. Trade with stop losses and a small lot and there will be less danger in your trading.

You are right. Without the necessary knowledge in technical and fundamental analysis, we will not be able to create our own strategy and trade reasonably and carefully. At one time, my broker's official blog also helped me, where there is information about methods and approaches to market...

Without patience, a trader will not be able to find more accurate and reasonable entries into the market and, accordingly, will not be able to earn. After all, in order to make a correct and high-quality trade, you need to be able to wait for all the rules and conditions of the strategy for...

Also, in such a highly volatile market, during the period of important news releases, there may be slippage and widening of spreads, which can also increase your losses.

If we talk about beginners, they often experience such losses. Therefore, it is important to be able to analyze your mistakes and find their causes, gradually improving your strategy and your trading.

When trading, comfort and safety of your investments are also important, so you should take a responsible approach to choosing a broker for trading, choosing a regulated company with a long history of work (I chose a company with more than 15 years of experience in the market), providing minimal...

I also think that you don't need to set a plan for yourself to necessarily earn a certain amount of money per day. After all, with a series of losses, there is often a desire to quickly compensate for them (often overestimating the risks for this) and at all costs to fulfill the profit plan...

You also need to have self-control and be disciplined in trading, making only thoughtful and reasonable actions according to the rules of your strategy and not trying to take revenge on the market for your mistakes and losses.

Also, using a demo account allows traders to assess what risks they can take and how to manage these risks in real trading, learning how to correctly calculate the lot size in transactions according to the size of their deposit and correctly set stop losses according to the conditions of the...

It is important to be able to learn from your mistakes by analyzing your unsuccessful trades. In this way, we can gradually improve and optimize our strategy for better results in the future.

First of all, you need to trade according to your strategy and follow all its rules in a disciplined manner. You can’t be greedy and try to quickly recoup your losses.

For us, as retail traders, the advantage of forex is that it is possible to start trading with very small investments. For example, many brokers provide the opportunity to open small cent accounts, and a full-fledged ECN account with instant execution with my broker can be opened starting from...

When trading, it is also important to control risks by trading according to money management rules and with stop losses. This will protect you from large losses in unsuccessful transactions and will give you the opportunity to trade more comfortably emotionally.

Yes, it is a strong enough pattern to determine a market reversal. But using Doji in trading requires careful analysis, since this candlestick itself does not give definitive signals. It must be confirmed by the following candlesticks or other indicators.

I also analyze the situation on different timeframes, in order to, firstly, understand the direction of the general trend and trade in its direction, and secondly, on lower timeframes I look for more profitable entry points with a small stop loss.

For successful trading, you will first need a trading strategy. On a demo account, you can test any strategies and indicators for free, see their strengths and weaknesses, and choose the best ones for further trading on your real account.

I like to trade major currency pairs, especially EURUSD because of its low volatility, smoothness and minimal spreads at my broker (0.1-0.2), which makes it possible to earn even on small price movements.

A set of these indicators can really help in finding more accurate market entries and confirming signals. For example, moving averages will help you identify a trend, and RSI and candlestick patterns will help you identify moments when a trend may weaken or reverse. This allows you to choose the...