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Overconfidence! one of the biggest mistake, isn't it

Maintaining a diverse portfolio to spread risk and reduce vulnerability to specific market shocks and remaining flexible and adaptable in response to changing market conditions

Hey buddy, I would suggest you to take your own sweet time to learn forex. There's plenty of information on the internet. Articles from babypips are one good source. Also, you can learn from ebooks and educational videos offered by FP Markets or ICM. Try demo accounts to develop your skills...

Whether you are a novice or seasoned trader depends on your trading technique. Since the MT4 is easier to use than the MT5 and is best suited for currency trading, most novices begin with an MT4 rather than the more sophisticated MT5, which also allows for stock and CFD trading.

MetaTrader is a tool that is provided by the brokers; there is MT4, which is a basic tool mostly used by traders for currency trading, and MT5, which is an advanced version of it, where it also accepts other forms of trade like gold and stock CFDs.

Yes, they do make money from commissions, and the more we lose or win, the more we come back using their commissions.

In my limited experience, there is no signal that will tell you exactly where you should place the trade. So choose a platform based on your trading methods. If it's currency trading, use MT4 since it is suitable for it, and for other methods, use MT5 since it is an advanced trading platform.

I like MT5, but most people still use MT4, and it appears to offer a larger selection of indicators and experts. I hope folks finally go to 5.

You should conduct market research to better comprehend the candlestick pattern. Market research is necessary for every trader since you cannot comprehend forex without it. Remaining in the market for an extended period of time can allow you to better understand the current market climate.

Position trading necessitates the investor holding a certain position for months or years. This is the finest trading approach ever, but it demands patience, much like long-term stock investments. This method has historically produced big dividends.

For the following reasons, the Euro/US dollar combination is recognised as the most successful currency pair in forex: High liquidity: The European economy is the second biggest in the world, behind the United States.

The pairs with the most pips contain the US dollar, and they are EUR/USD, USD/JPY, GBP/USD, and USD/CHF.

In my opinion, each platform has its advantages. For example, the MT4 is suitable for currency trading because of its simple user interface, but it can only be used for currency trading, whereas the MT5 is an advanced platform that also supports other trading styles.

Forex is about obtaining knowledge to earn profits, and if you have the right knowledge about forex trading, that is when you can set up a robot.

Basically, the market moves more, and it can affect a trader because it can mean more opportunities with higher risk.

Due to its low volatility, tight spreads, and high volume, EURUSD is the most popular pair during the London and New York cross-over periods. First, put it to the test and compare it to others. If you want a little more excitement, look at volatile pairs like AUDGBP and GBPJPY.

Most traders prefer the MT4 because of its simple trading software features, and that is the same reason I used it during the initial stages, but since I mostly trade in forex, it was a suitable choice. Though the MT5 is an advanced version of the MT5, it is a bit difficult for beginner...

According to Dow Jones Market Data, gold futures for August delivery decreased 0.3 percent to settle at $1,801.50 an ounce on Comex, marking the lowest most-active contract finish since February and completing the week 1.6 percent lower. Prices dropped to $1,783.40, which is the lowest point...

Can I use it because I am from South Korea and is it reliable to use?

I'm looking for a good indicator that can be used during scalping for the JPYUSD currency pair that is free of cost. Any suggestions?