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It is critical to identify previous day highs and lows, as well as previous week highs and lows, in order to pinpoint the start of a trend. It can be either an uptrend or a downturn. Bearish trends are formed when prices fall below the previous day's high. Bullish setups are formed when the...

I’d suggest beginner traders to pay more focus on trading psychology. Forex should be treated as a business. Attaching your emotions and sentiments to forex trading will cling you to grief over losses, and you will not be able to trade with clear logical thinking. Trading psychology needs to be...

Here are the two free ones I’m using with turnkey forex- bollinger scalper ea, which works best for eur/usd pair with m5 timeframe. Another free one to try is smart AI EA, which works best with mt4. It helps find the most suitable entry point. Works best with aud/usd and usd/jpy using h1 timeframe.

There are a few reasons why you should use small leverage rather than high leverage. High leverage can lead to large losses if the market moves against you and can increase your risk of a blow-up. Always use strict risk management while trading with leverage.

The best mantra/advice is to separate your emotions from trading and trade with a tested system. Align these two with a trading plan. You can become a profitable trader.

Both have their pros and cons. Automated trading can help you implement complex strategies for 24/7, while manual trading can help you see the market differently from your own analysis. If I had to choose one side, I would pick the manual because automated trading doesn’t guarantee results. But...

Thank you so much for the detailed information. Many traders can benefit from this useful post.

To become profitable takes time, just as in any other business. You must approach trading realistically. Don't expect to discover some genius plan and start making money every day. Mastering trading and learning every aspect of the market takes time. Don't worry about making a specific cash...

Beginners should concentrate on the major pairs. There is a lot of news and analytical information about these pairs available online, and they are relatively simple to trade for beginners. My favourite pairs are GBP/JPY and EUR/USD.

I don’t think that it is a good idea to quit manual trading completely. I mean it’s not a good decision to depend on a robot with your trades. You can use a bot in highly volatile situations but consider manual trading the other times.

It’s more about your seriousness than the money you use for trading. You can’t open just any trade and expect it to work for you. Your trades will work only when you know what you are doing and how you can stay on track with your goals.

You have a good list of good pointers. Keep sharing useful posts like this one.

Hello everyone, How is trading going? Hoping to hear your trading experience.

Neither you need a mentor nor any paid course. To polish your skills and knowledge, make a commitment to learn regularly and practice more often. This is one and only way to become a successful trader.

Do not withdraw from your account Gain live trading experiences Avoid overtrading Set your risk per trade. Learn from your mistakes

It is recommended that new traders do not depend solely on EAs and instead trade manually. Although EAs are helpful, as a beginner, your primary objective should be to learn and comprehend trading. Then manual trading is the way to go.

If you're looking for a simple and reliable forex trading strategy, go no further than trend trading. Trading in the direction of the price trend is at the core of this approach, as the name suggests. Traders can improve their chances of success by first pinpointing the general trend's...

Not all that you read about forex is true. You have to be careful about what you choose to follow. Most fake gurus will tell you to do something that is not possible. So, better set your limits.

If you know the reality of the forex market, you would know that not every trader is making money through trading. Most of them are just losing their money and finding ways to protect their capital. It’s not easy and you better don’t take the chance.