I agree, having a consistent plan for a specific amount of time is very important to sustain in forex.
Finding an experienced trader with a long record of success and learning from him is the best course of action for a newbie. As it's easier said...
One of the reasons traders lose money is emotion. As it is based on fear, the market can be used against traders. Fear of loss, and greed is also...
Beginners frequently use high leverage ratios in an effort to achieve favourable results, but bad money management completely prevents this from...
One of the most important aspects of constantly making a profit is risk management. Without effective risk management, traders are more likely to...
I totally agree with you on this mate.
Good list! Would definitely go through it.
I would personally opt a broker who offers low commission, thin spreads and high leverge.
I personally prefer scalping mostly with EUR/USD.
For a newbie I would suggest to go through some pipsology course and should definitely try your hands on demo account before going live.
I avoid them because exotic pairs are unpredictable and if you are trying to scalp with them, it is a bad strategy because of wide spreads.
According to me consistency is the key to success in forex market. And with consistency learning should never stop, no matter how experienced a...
IMO losses in forex trading should not be ignored, instead one should learn from their mistakes and avoid repeating the same mistakes in future.
Controlling your emotions is one of the most difficult aspects of forex trading as real money is involved. However, losing patience can result in...
My biggest strength is to accept my failures in trading , work on them, try not to repeat them and come back with a bang.
Most of the people who are negative about trading are the ones who have faced failures in forex and gave too quickly without even practising much...
Tips to be followed while trading in forex are : Sticking to a plan Copy trading Keep it slow and steady Maintain a trading journal
According to me a trader must first practise on the demo account for a good amount of time as practising on a demo account will make you learn...
To thrive in the forex market, you must have a good experience and practise. In the beginning newbies should not only focus on the big returns...
When you are first starting out in trading, a demo account can help you develop abilities and enhance your strategy.After proper training on a...
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