You need to look at your trading strategy - is it based on short-term price movements (like scalping) or longer-term trends? Short-term strategies...
Because loads of trades mean higher costs due to fees and spreads, plus it's easy to get emotional and overtrade. You're also dealing with...
For me personally, I prefer an ECN broker that provides low spreads and a diverse range of account types to choose from. Currently, my top three...
Hitting the roof, in the sense of reaching a point where you can't seem to improve or grow, is a common experience, but it's not a dead-end. I...
I think tracking your trading performance is important. It helps evaluate the effectiveness of your strategies, identifies your strengths and...
Hedging in forex is a strategy used to reduce or offset the risk of unfavorable price movements in a currency pair. It involves opening a trade...
Absolutely, discipline is a must in forex trading. It means sticking to your plan, managing risks, keeping emotions in check, and maintaining a...
I found this article on how to choose a forex broker. To summarize, when choosing your forex broker, consider these factors: Regulatory...
For a newbie, it's generally recommended to start with lower leverage to ensure you're not taking on excessive risk. Personally, I think 1:50 is okay.
Wow, everyone here is reviewing week trades during the weekend. Meanwhile, as a homebody, I'm pretty content just chilling out at home.
Trading psychology is shaping your decisions, emotions, and actions in trading. It should not be underestimated. Being able to stick to your plan...
Think of it as your "why" – the reasons that push you to analyze charts, study market trends, and make trading decisions.
Focus on one trading method you believed in. Always had a reason before making a trade Do backtesting to fine-tune you strategy. Manage your...
Absolutely, I couldn't agree more! Money management is a vital aspect of successful trading, and it often gets overlooked or underestimated. No...
Hey! I think the first thing you need to educate yourself as much as possible from various sources such as Youtube videos, articles, or books. You...
In my opinion, the key traits that set a wise trader apart from others in the market are: Discipline: A wise trader sticks to their plan and...
Unfortunately, I think there isn't one singular action or decision that consistently leads to profits. Sometimes, even the best trading methods...
Separate names with a comma.