Definitely! More than 90% of the traders fail in the forex market. Mostly, it is because of the bad trading psychology and the lack of commitment...
Diversification can be good because it can help traders to reduce risk. However, trading the currencies that you don’t really understand or are...
I agree, going offshore for better conditions/offers or services is a matter of individual choice. I am of the view that you need to DYOR and find...
Indeed! As traders, we all should analyse ourselves. Trading is personal and we are our own gurus.
Perhaps! It depends on you. If you can’t stop yourself from trading even when there isn’t any need then you are definitely addicted to it....
Go with any major pair like EUR/USD or USD/JPY. Check for the liquidity trends and then opt.
Manias, Panics, and crashes: A history of Financial Crises by Charles P.Kindleberger
Not really! I like to spend time with my family on weekends. We usually go out if the weather and the virus permit.
The general difference between forex and stocks is that in the latter you trade shares of companies but in forex you trade currency pairs. Forex...
Yes, I think it’s better for new traders to avoid exotic pairs because they Offer low liquidity Are complex to trade Have high volatility Have...
EUR/USD, and GBP/CHF
You can read all the good books about trading psychology but it still won’t make any difference. Psychology doesn’t work the way that someone...
Imagine the loss that you can incur otherwise if you don’t place a stop loss. You can’t control how the price moves and you also can’t monitor the...
You will be good if you are using 1-2% of your total trading capital to trade. Anything more than that can cause financial losses that you may not...
I have always seen swing traders become scalpers. But it’s for the first time that I am hearing about scalpers turning into swing traders....
Governments, central banks, and other financial institutions, big companies, and hedge funds all are big market players who make big transactions...
You have to keep one thing in mind. What you see in the market is not anything new and it has probably been seen by most other traders too! You...
This makes me believe that trading comes differently for every trader. Some traders have been doing so well at it, while some have lost their...
This is why your knowledge is essential. You must not only be good at identifying trading opportunities but also trading risks so that you can...
The success of your trading career doesn’t depend on how many trades you execute in a day. But how many of them turn out to be profitable. It’s...
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