Have a good hold on the fundamentals of the market. Understanding the depth of the market is as crucial as it is to a diver to understand the...
Be wise while picking a trading strategy. Don’t just choose a strategy because everyone is using it. Analyse yourself and check what fits well....
A friend recommended a book on trading psychology - The Psychology of Trading - Brett N. Steenbarger
Tik tok has nothing to do with forex trading. And, from now, let’s compare things we actually can. Agree?
Have patience. Don’t follow the herd mentality, developer you own. It will save you both money and years.
Pros: trade at your own hour & high liquidity Cons: highly unpredictable and could happen anything, anytime.
This is nothing compared to Japan. I watched this documentary last year, and I couldn’t sleep after watching it, tbh.
Yes, a high number of traders fail. But should that statistic affect you? No, you’re trading your own account. If you trade diligently, then you...
I watched this video with my dad. It’s wholesome !
Failures make us wise but it depends on the mindset of the trader. Some traders quit and others learn and retry and eventually win.
Many traders who fail to make successful trades and lose heavily are the ones to spread this kind of negativity about the forex market.
Position sizing is very important before making trades. Traders should also understand and calculate the risk and the profits and then make your...
Agreed! Traders can switch to a micro account after practising on the demo account. Micro accounts help traders to develop right trading psychology.
EUR/USD and GBP/JPY
No trader comes from his mother’s womb. He is created. Traders learn and work hard to develop the right trading skills and trading psychology....
I thought I would stay making money instantly. But it was an Aha moment when I blew my account.
Yes, it is a very common topic. I started with demo trading. What about you?
Music and trading don’t go well together because I get distracted easily! However, I don’t mind playing it in the background occasionally
Forex is very volatile and unpredictable. It doesn’t work according to anyone. So it is important for traders to understand the working of the...
Beginners should not prefer using large leverage. Always start with using small or optimal leverage. Also prefer using strict risk management.
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