USD/JYP is another very good pair for beginners as it is only 2nd in terms of liquidity and trading volume on the daily forex market.
very good tips, stop loss is pretty much a must have to stop you from overcommitting on your losing trade.
a negative attitude just leads to bigger mistakes when you lose a trade cause you won't be able to learn from it, as worst you will continue to...
in order to choose a good broker, you need to know what aspects to look for. There are a few like regulations (ASIC, FCA or Cysec ?). What are...
Great reply, you are absolutely correct about demo account and micro/cent account. Standard accounts should only be open once you are an...
yeah, but as the other said, he probably means using their demo account to check out their trading condition like spread, any trading gap, or...
if you are completely new to trading then i would suggest checking out free educational website like Aximdaily and start learning about all of the...
sometimes trading gap can happen and jump over your stop loss so you still have to monitor your trade from time to time and can't completely rely...
risk management would involve like risk/reward ratio and calculating how many risks you are willing to take per trade while money management would...
yeah, exotic pairs are definitely not something new traders can handle due to higher volatility and lower liquidity. New traders should just stick...
you should always choose the right leverage for you. However, for newbie i suggest sticking to a lower leverage level like 1:200 max so you don't...
i think one of the tip for successful trader is trading without emotions. It's one of the hard thing to do but it's vital as having bad emotion...
the demo account is the first account people should open because it let them practice risk-free. A new trader that doesn't know much about basics...
Welcome, you are a new trader then you should check out the beginner guide to forex trading. Learn all the basics of trading, and find a broker to...
I'm using aximtrade, they are regulated by ASIC and has segregated account for clients so your money doesn't get mix in with the business. You can...
hard agree, scalping requires very strict trading discipline otherwise you can easily loose all the profit that you make in a single trade.
agree, learning should come along with practice. That is why newbies should open a demo account so they can practice and get some experience than...
i think the biggest difference between stock and forex is trading hours as you can trade forex 24/7 over multiple markets but you can only trade...
finding a reliable broker is quite challenging now as there are as many scam brokers as legit ones. I would suggest always checking their licenses...
the moment you start trading with real money, your mind will change a lot as you are more hesitant to take bigger risks since you aren't trading...
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