Yes, I believe the same, tracking one's own performance not only helps us to identify loopholes in our last trade but also helps us to get...
I believe we should begin trading with only discretionary income as when we’re a beginner at trading we need to be mindful about our...
The novice trader shouldn't rely on random guesses or blind chance in order to succeed. Instead, they should use knowledge-based action, study...
In the case of Forex, you do not become addicted to it until you take unnecessary risks, risks that are more about feeling high and getting an...
My reasons for trading less exotic currency pairs include the fact that exotic currencies are highly volatile, illiquid.
Along with having control on emotions, a successful trader also must possess a lot of patience. A trader must be a performer like a chess player...
Only a strong mindset can bring good progress in trading because one has to face a lot of challenges and tasks before achieving their actual win....
The real motivation comes from discipline. A potential reward motivates many traders to start trading. However, to be good at your job, you must...
I always prefer EURUSD for its liquidity and less volatility.
Calculating the risk/reward ratio on a trade can be calculated before it even happens by determining where to get out which helps us to kinda...
Risk in trading is the probability of losing part or all of your initial investment which can lower the morale of the novice trader. Traders may...
I like EURUSD the most. Because of the unique combination of more liquidity and less volatility, it is the most recommended pair for all types of...
It's always mindful to keep your leverage low initially which exposes you to less risk as a beginner because with leverage comes the...
One should always switch to a micro account after analyzing their risk appetite or stick to demo for better understanding.
Yes, it is more important for a beginner to practice on demo and to build new strategies there while practically trying, since only after...
This book is really optimistic as it helps you to have a motivational point of view towards life, if we view this book from a trader’s mindset...
I think mentorship is important for initial guidance and helps you to show a way in trading but the real knowledge is self gained by practice and...
For those who know how to make informed decisions, forex trading can be both exciting and lucrative. We learn so many things from the forex market...
My favourite forex news site is forexlive as it gives really good information about the current events of the market.
Common mistakes which traders make is to not understand the risk- reward ratio and bringing emotions while trading.Most traders ignore these...
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