Yes, you can test any strategy or indicators on a demo account. It is no secret that many indicators lag and repaint, showing good results only on...
After analyzing your mistakes and finding their causes, do you make adjustments to your trading strategy for better trading in the future?
I completely agree with you. Also, when trading, it is important to know when to stop and not try to immediately recoup losses. The market will...
And why develop your trading strategy with certain rules and conditions if you do not stick to it? Another thing is that any trading strategy can...
Another positive aspect of this market is the low entry threshold, when, as a beginner, you can first open a small cent account for training or a...
Another common mistake of beginners is overtrading, when a large number of transactions are made to catch every market movement, which leads to...
I used to have the same mistake, and also because of fear, I quickly exited the trade when there was a minimal plus on it and after that the price...
It all depends on your approach to trading. For example, EURUSD likes to often move in ranges and in my opinion it is convenient to trade it...
Also, when choosing a broker, I paid attention to regulation. For example, my main broker fxopen has an FCA license in the UK.
I completely agree. Also, many newbies want to come to forex with a small deposit and with the same little knowledge and skills want to quickly...
I think only your personal experience will show you when you can trade more volatile pairs. For me, each pair is unique, with its own types of...
I trade EURUSD more often. But I also use USDJPY in trading, which I like for its extensive trend movements, which also gives the opportunity to...
Another advantage of a micro account is that you can trade with very small investments, which is very useful for beginners who have no reason to...
You also need to be able to correctly and especially choose pairs for trading according to your knowledge and experience. That is, for example, it...
The best strategy is not to trade in such an unpredictable part of the market. When the market calms down, you will have many more opportunities...
If it were so easy and profitable, then most would earn money in the same casino, playing this way for luck, but more often or almost always such...
I completely agree with you. Now I trade in exsness and fxopen and I am completely satisfied with their trading conditions, spread sizes and order...
Depression also affects the ability to make rational decisions, manage emotions and control stress, which is critical for successful trading....
Another common mistake traders make is trading with the maximum leverage, which allows them to trade large lots in the hope of quickly increasing...
I think that even with full employment, you need to be able to determine for yourself a certain amount of time for trading in order to avoid...
Separate names with a comma.