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There are some traders who feel bored about reading a book. For them, watching videos can be a good solution. There are so many video tutorial available on youtube and traders should make the best use of them.
New traders can read books to develop their basic knowledge about the market. They will find different e-books in the form of pdf but its far better for them to watch videos. Besides all these, they should apply their skill to demo accounts to judge them.
Different traders have different trading strategies, among them some are for scalping and some are from long term trading. But, effective strategies are rare in sight. To the students, scalping is the best alternative because it gives them quick return.
Success tips vary from trader to trader. But, for success, a trader must seek knowledge and strategy development. A proper strategy works as a roadmap which traders always neglect. So, valuable thikngs should never be neglected because it detracts a trader from the track.
I think a trader should spend at least 2 years to learn Forex trading. Learning should be accompanied by practicing. Almost all brokers allow traders with a well off trading platform, so does Eurotrader. While trading on demo account, trade like live trading, otherwise you will be failure to...
For me, the support/resistant levels are so crucial to identify! Because I set my SL/TP according to the position of those levels! I see, higher time frames are more reliable than the small time frames like M15, M30! This is why, I only prefer H4 time frame for my Price Action trading analysis!
Trading mantras vary from traders to trades. Like what I prefer is to take lesson from every mistake. It helps me finding out my lacking. I like to keep practicing a lot and apply newly developed strategies in the demo account. Eurotrader allows traders with a refreshing and well off demo account.
Fundamental analysis is not only important but also it is vital. You can’t capture the actual view of the market without fundamental analysis. I see traders fully rely on technical analysis but what I think is that technical analysis should be accompanied by fundamental analysis for a better...
We need at least 2 years to learn Forex from its core. There are several e-books, websites writing on different topics, YouTube videos, and many other paid courses of Forex. So, all of these are educational tools that a trader can follow to develop their skill and knowledge.
Forex carries a bitter luck to the newcomers maximum of the times. The reason is newbies are highly careless. They are basically averse to learning and flourishing their knowledge rather they like to copy others. But they don’t understand that copying doesn’t mean to professionalism.
On live account, a beginner should open two to three trades a month but they should open limitless number of orders on demo account. Because demo is the place for getting their skill ignited and sharpened. They should make their own roadmap about how they will advance.
No doubt on it! Money management is the key! If your trading strategy provides more than 70% success ratio then till now you can lose money here, if you are not serious on money management plan! So, don’t be aggressive in your trading, be logical & sincere on your risk reward ratio!
To be honest, this type of technical info’s helps me a lot to understand the market trend! But it’s not obvious rule; I basically rely on support/resistant levels to understand the market trend!
Frankly when I was a new face in this industry, then I was so much serious on candle patterns, but now I realize, candle patterns are meaningless without the chart context! In Forex trading, you should always follow the market trend!
If you are looking for an investment opportunity in online forex is for you. Forex trading becomes more popular in 2020 due to covid-19 lockdown. Many people are looking for an investment opportunity online. It is also east to start. You just need a broker which will give you access to trade in...
I recommend both knowledge and practice. Both are equally important in forex trading. It is essential to learn about trading. However, I also need practical knowledge of trading. The demo account is the best way to practice trading. In the forex market, almost all brokers including Eurotrader...
All traders are human. Making mistake is common. We aren’t a robot. However, the trader can learn from their mistake. Making the same mistake twice is kind of foolish. So, try to avoid that. I always maintain the trading journal. It helps me to identify my mistake in trading. My broker...
Forex trading is a mind game. So, trade with clear mind to make sound decision. However, trader sometime feel stress in trading. So, it is better to take break and clean your mind. Cloud mind can mislead your trading decision. I meditate to relieve my stress. Sometime I take break from trading...
Leverage is one of the great advantages of forex market. Broker offer loan facility to trader so that small Traer can trade big and earn more money than they have. However, it also exposes more risk in trading. So, proper risk management is essential. As for me, my broker Eurotrader offer high...
Success in forex market don’t come in overnight. It takes time. So, trader have to be patience in trading and learn the way to make profit. I recommend new trader not to rush into real trading. First trade in demo account. It is risk free way to learn and practice trading. Almost all broker...
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