Focus on finding a trading method that suits your style and stick with it. Develop a clear trading plan with defined goals and strategies....
Know your go-to trading method (everyone has different preferences) Always have a reason to enter a trade, don’t just open a position randomly Do...
I prefer major currency pairs like EUR/USD, USD/JPY, GBP/USD, and USD/CHF because it has higher volatility.
I found this article that explains the strategies to control drawdown, you can check them...
Hello there! Here are some tips that I recommend: You can try the School of Pipsology by Baby Pips is an excellent resource for beginners as it...
I think there are multiple reasons why people keep trading after making huge losses. Such as the need to revenge to cover up the losses. Another...
Price action is making trading decisions based on price movements instead of solely relying on technical indicators. This strategy is suitable for...
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...
Just to add to that, another option you can consider is PAMM (Percentage Allocation Management Module). PAMM allows you to invest in a managed...
Absolutely agree, discipline is a key ingredient for becoming a consistently profitable trader. Here are some steps you can take to become a more...
In case you have a bad day: [MEDIA]
I personally advocate using both demo accounts and micro-accounts. If you're new to trading, starting with a demo account is a great way to...
First, I consider my risk tolerance and consider how much leverage I am comfortable using. Personally, when I am just started in forex trading, I...
Hey, I love to trade basic major currency pairs such as EUR/USD, USD/JPY, and GBP/USD. Because those are some of the most heavily traded currency...
Hi I’m facing the same issues. Two forex brokers that I can think of are FXCM and Prime Codex, both of those brokers closely replicate real...
I think rather than ignoring your losses and moving on to the next trade, it's important to take the time to reflect on why you lost and identify...
I read The Psychology of Money by Morgan Housel. My perspective on managing money has significantly shifted. The book highlights the psychological...
Yes, some of the trading technique is similar in both markets. But there are a few differences between the two: 1. The stock market size is much...
Umm, I think the key is to make a trading plan and stick to it. This plan should include your profit targets and your maximum loss limits for each...
Hi, I will try to explain this as best as I can. So..price actions are trading decisions based on price movements instead of solely relying on...
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