It is always better to choose a currency pair with maximum liquidity and minimum volatility. EUR/USD meets the above criteria, plus this currency...
Such things happen due to a lack of knowledge and experience. On top of it, they become emotional, which blinds their ability to think logically....
Never seen or heard of it, but I think it might help impulsive traders settle their nerves, especially when they’re losing or lost a trade.
I think I can’t agree completely with the op post. When I started live trading with pepperstone after 3 months on its demo it was like starting...
I use Forex Factory, Myfxbook, and FXStreet. Their economic calendars are good. Personally, I rely more on the Forex Factory because the...
No. TikTok is a totally different platform and can’t affect the forex market. The traders who are genuinely passionate about the market won’t look...
Because there are very few people who become successful traders. Most of the traders enter the market but fail to earn any profits. In fact they...
A stop loss is necessary because the forex market can be highly risky and you need to learn how to minimize your risks. Stop losses are part of...
Risk is how much percentage of money you can afford to lose. Forex is a speculative market, and there is no guarantee whether you will win or...
Then you must watch it. Some scenes are so good that even when the movie finishes you’ll find yourself thinking about it.
That depends on the liquidity of pairs. Some pairs trend better than the others. Traders need to analyse those trends and then choose the pairs...
Anything more than enough is bad! If you are losing consistently, then maybe you need to take a break and find a way to improve yourself. There is...
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Definitely! Traders should decide the risk and reward ratio for each trade. The risk percentage also depends on your trading capital. As a thumb...
Personal and professional lives are usually connected with each other. If there’s something wrong in your personal life, you’ll eventually carry...
My biggest personal trading rule is to not break my rules. We all are very efficient at making rules but there’s only a few traders who actually...
Exotic pairs have high volatility. This may lead you into false breakouts or whipsaws that are very costly to trading accounts. Beginners should...
Banks and financial institutions like hedge funds generally move the market, but individual investors or people who trade for a living also have a...
I take a break from trading and try to focus on other things like reading, watching movies, and cooking.
Diversification of investment is a method of reducing risk by investing in a variety of assets. Forex trading is the best way to diversify your...
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