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It is important to understand that the desire to earn quick and big profits on the news is also a big risk. After all, during the period of publication of such important fundamental news, strong volatility may arise and this can break the readings of any indicators and strategies and lead to big...

The psychological factor also greatly influences the results of trading. Therefore, in addition to technical training, we must be prepared psychologically, being able to restrain our emotions and disciplinedly following all the rules of our trading strategy.

Volatility in Forex is a measure of the change in the price of a currency pair over a certain period of time. That is, it is the degree of price fluctuations in the Forex market. High volatility means that the price of a currency pair changes sharply and significantly in a short period of time...

When trading, you must control risks. And leverage allows you to do this when you trade with a small amount of leverage without the ability to open orders with a large lot.

A regulated Forex broker plays a key role in ensuring the safety and security of the trading process for traders. It is important to understand that the broker’s regulation indicates that it is responsible and compliant with the requirements set by financial authorities, which helps reduce the...

In addition to knowledge, a trader must have discipline and self-control. He should not rush and be greedy, controlling his risks and trading only according to the rules of his trading strategy.

It is better to start getting acquainted with forex trading with a demo account and first check how the trading strategy or indicators work on it. And it is better to invest your real money when your trading strategy on such an account shows positive results.

The knowledge required for Forex trading is varied and requires constant updating. A good Forex trader not only understands the basic aspects of trading, but also constantly improves his skills by analyzing the market and applying the best trading practices.

A reliable broker also provides high order execution speed, stable operation of its trading platforms and timely withdrawal of profits. I chose my broker for trading based on these criteria.

Professional traders also have self-control. After all, the ability to remain calm in stressful situations and not lose objectivity when making decisions helps a trader avoid unreasonable actions that can lead to large losses.

Such serious news should always be paid attention to. After all, at the time of their publication, increased volatility and strong price movement may occur on the market. Therefore, in order to control risks, you need to take a balanced approach to the possibility of making trades at this time...

The reliability of a broker is also determined by its time and positive history of work in the market. For example, my broker has been successfully operating for over 15 years and continues to provide favorable conditions for trading.

Monitoring the economic calendar is very important in trading. It indicates the time of important fundamental news releases every day, which greatly influence price movements and contribute to the creation of extensive trend movements. Therefore, Forex traders actively use the economic calendar...

For me, EURUSD is also more understandable and smooth in its movement. It has low volatility, which makes it more predictable and allows trading with small stop losses. Also, my broker has very small spreads on it (0.1-0.2), which makes it possible to earn even on fast transactions.

First of all, the size of the leverage allows you to control the risks in transactions. Therefore, it is important to trade with a small leverage, which will not give you the opportunity to trade large lots and unnecessarily risk your deposit.

These reports are published in any economic calendar. And it is better to follow the time of the release of these news, which create strong volatility in the market and can provide a loss instead of a good profit. Therefore, I do not trade at this time.

I also like to trade intraday. Firstly, it is profitable for me to close trades during the day and not to carry them over to the next day, when a gap may occur at the market opening and I may get a loss. Secondly, I do not bear additional costs for negative swaps, which are charged by any broker...

Copying trades also has a disadvantage when a trader does not learn anything, but simply mindlessly copies other people's signals, without understanding what trading strategy is used for trading and what rules are used for making trades. Therefore, I have always tried to personally learn how to...

Yes, any information received should be personally verified on a demo account. After all, you probably don’t know how a trading strategy, indicators or advisors work on the real market. And only your trading statistics on such an account can show when you can risk your own money.

You can also study information in different thematic blogs on trading. For example, my broker has an official blog, where there is a lot of information about trading, and also every day the situation on the market is analyzed by technical and fundamental analysis, which helps me in making more...