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These are the most traded currency pair in the forex trading market, they are known as the major currency pairs and follow by
Minor currency pairs
EUR/GBP — Euro/British pound
EUR/AUD — Euro/Australian dollar
GBP/JPY — British pound/Japanese yen
CHF/JPY — Swiss franc/Japanese yen
NZD/JPY —...
Often trading is considered to be simple or somewhat straightforward. But in truth there are a lot of intricacies associated with proper trading, and seasoned traders are fully aware of the importance of keeping an eye on their trading performance. While some traders keep a trading journal or a...
Experience is the best teacher, and if you want to learn forex trading, experience is the best teacher. You can open a forex demo account and practice trading dry runs when you first start out. You will gain an understanding of the mechanics behind making forex trades as well as get used to...
The main issue that causes most of the forex traders to lose money in the forex market is the lack of knowledge they have in the art of trading. The 'let me start making money quickly' mentality is a major cause of losses. Also, many traders are greedy about when to start trading.
To have ‘time on your side’ means to have plenty of time to do whatever you need to complete. In this context, it means to have plenty of time to be together… in other words, a long life ahead.
It can take a few months to several years, depending on your commitment. For me, it took nearly two years. If you want to learn faster, you have to get your hands dirty. Don't just read articles and books about it, but trade live with small amounts of money first.
Keeping a trading diary allows you to record screenshots of good and bad trades, as well as your feelings after each session. Using this key, when we are presented with similar operations in the future or when we have doubts, we can look at the past and see how we did in that previous moment...
Trading forex tests the patience of a trader, and only those with strong patience can earn money from trading. A trader doesn't get perfect market conditions for trading, so the trader must wait long for good market conditions. If a trader opens a trade in bad market conditions, then it's...
The forex forums are useful because they allow you to connect with other traders who are experiencing the same difficulties and concerns that you are. You can learn from some experienced traders and become successful by joining a Forex trading forum.