I guess many new traders come with the notion that in order to be a successful trader you need to trade all day. However, this is not true. They...
Create a trading plan and follow it. Have a decent trading capital Take a practical approach to trading and don’t be overwhelmed by your wins...
Yes, many traders fail in forex trading. Only a small minority of the traders consistently make money in the forex market. There are many reasons...
The best tip that I got in my initial days as a trader was to maintain a trading journal and keep track of my trades, which has helped me grow as...
Definitely! Many new traders fail because they don’t have a good risk management strategy. It is essential to have one to avoid losses. With good...
If I have to choose one, then I would go with a micro account. That’s so because you only learn trading in a live trading account. I am not saying...
They definitely are. Consistency is important because it demands time to understand the forex market, which is always changing and is influenced...
I only trade forex. I have tried crypto but decided to avoid it because it is highly volatile. Since I am new to forex trading as well, it would...
That depends. I don’t risk more than 1% of my capital. Some traders go with the 5% rule. It’s a personal preference and depends on the trader....
Yes, it can. However, if you are on the verge of losing everything, it is better to stop trading or take a break. Trading is a risky endeavor. If...
The market moves because of supply and demand, but forex is a manipulative market. Banks, especially central banks, have the power to influence...
Not unless you want to ignore wins too. Learning from your trades is the best way to progress as a trader. Whether you win or lose, always learn...
Although there are over 60+ pairs to choose, not all pairs can get you substantial returns. Traders should check liquidity of pairs and choose...
Money management and maintaining balanced trading psychology are the two challenges that most traders face. New traders become very eager and...
Consider holding your positions for medium or longer time frames because it will give you enough time to analyse and identify the potential...
@klattermusen I agree. There is no strong hold that is visible. If there was one, there could have been a hope for correction soon.
It seems like the financial institutions are now afraid. Because a lot of profit is directly going to people, they feel left out. They should have...
You are right. It may be the to analyse the past efforts and figure out all the gains and losses. Maybe it is time to totally change the approach.
It has gone far down the road. This is not looking like a small bear any more. BTC and all other crypto have been falling for a long time now.
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