I think one should only participate in a market where they are comfortable trading. There’s no need of trying out everything and not being good at...
There are four major types of moving averages in forex: Simple Moving Average or SMA also known as Arithmetic Moving Average Exponential Moving...
I think it depends on how much leverage one can handle. A beginner should first try using leverage on micro lots as it would help the newbie to...
EUR/USD is one of the most tradable pairs in the forex market. More than 80% of the traders trade EUR/USD. Pairs like GBP/CHF, USD/JPY, USD/CHF,...
I don’t know if it’s the right percentage or not but certainly there are more failures than successful traders in the market. Trading can be...
Have a trading plan and always stick to it. Do not risk more than you can afford to lose. Use stop losses to prevent losing a big amount.
Never! You will only improve if you learn from your trades. When you fail, learn to backtest your strategies, check for loopholes, and modify them...
It’s easy because most of the content is available for free and you can access it easily. However, making money in forex trading is challenging...
I have recently discovered my love for cycling. On weekends, I make sure I have some time for it. A ride in the calm streets really freshens me up.
It can be. If it costs you your health and you're incurring excessive losses because of it, then you need to take a break. Self control is really...
Central banks and financial institutions have the power to influence the forex market. Their decisions can have a huge impact on the price....
Central banks. They cover more than half of the forex market. There are other factors like politics, global trade, and socio-economic factors that...
I practiced on a demo account before moving to a live trading environment. I traded demo for a few months. Demo accounts are wonderful for...
The biggest challenge all traders face is creating a feasible trading strategy. The forex market is always changing and no matter how good a...
Definitely! Traders should know how to manage money and risk. Every trader should risk small capital and proceed with calculated risks.
They have low liquidity and can be extremely volatile to trade.
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