Money management is one of the main components of trading which not only helps in reducing the risks but also makes sure that all the trading...
I think forex has a great role in teaching valuable things that are helpful in real life too like money management, patience and discipline.
Losses should not be ignored but also should not be over thought about. Traders should maintain a trading journal and use it as a guide for future...
Imo, leverage should be used only when you know what you are doing and are having a solid trading plan.
And one should confine exotic pairs to demo only. I find exotic pair extremely risky to trading.
Beginners should not exceed the leverage of 1:100 and should not trade without a strict risk management strategy.
EAs are not only sophisticated but also have limitations which restrict the result in particular times.
Excess of anything is bad. No matter how good you are at trading, if you are going beyond your risk appetite and capabilities, you are addicted to...
Call it pros and cons or market features; you have to deal with them in order to make money. It’s all about developing a market understanding so...
Learn to manage your risks. Trading is not just about taking risks to make money. It’s also about waiting for the right time to trade. Gain some...
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