Scalping is risky because you have to be quick and trade in shorter time frames. Moreover, traders should have control over their emotions. Do not...
I started my trading journey with a micro account, but it didn’t turn out to be very good. So, I think traders should have some hands on demo...
Indeed! Without risk & money management and trading psychology, there is no direction to trading.
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The market’s high liquidity and low barrier to entry make it profitable and is its biggest advantage. The downfall of the market is that its...
Yes, both stock trading and forex trading are different as different assets are being traded. Traders, depending on their understanding about the...
Hello! Hope you learn and get better at making trades. All the best.
TikTok can not mess up forex but has become a hub for scammers offering unrealistic schemes and looting people.
As long as you work your way for it, forex can be a very profitable way of making money online. Yes, there is high risk, but there are ways to...
Some traders are against demo accounts, but imo they are very helpful for traders who are completely clueless about the market. Moreover, they...
I find the economic calendars of FXStreet more clear and subtle.
Can’t agree more! There is no 100% profitable strategy. And what works for you might not work for me. So, it is important that one should...
I prefer scalping GBP/JPY. This is one of my favourite currency pairs as it is easier to anticipate them.
Ignoring losses is the worst mistake that one can make. One should use losses as an opportunity for learning. Consider recording or maintaining...
No matter what you trade, risks are there in both the market. Trading forex or stocks depends on the knowledge and understanding one has about a...
With technology, it has become very easy to access the market but has also made the market competent. It is important to remain updated with the...
It is only practice that can help you master the trading strategy. There is no fixed 100% profitable trading strategy. Traders need to find an...
Exotic currency pairs! Never. I have never traded minor currency pairs, I find them risky. Can’t think of exotics.
Forex addiction is quite harmful financially and mentally. Well in some cases, it can have adverse health effects too because traders keep sitting...
Only a trading method that you believe in can get you big returns because you will follow it with discipline. It can be the simplest trading style...
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