To have a strong psychology, one needs to face his emotions. In forex, trading rationally and making decisions based on facts and figures derived...
I prefer reading FXStreet, Bloomberg, or Reuters.
Aaafx is good, using them for a while now, no issues with order execution or withdrawals, spreads are decent too.
I agree with other traders that you might be lacking money management. Even after picking 80% of winners, poor money management can cause you lose...
Imo, building consistency is the hardest. Forex trading is a long road, and it is difficult to stay focused without having a clear understanding...
They are not completely useless. If you are well-versed with trading, then they can be highly profitable to trade. But beginners shouldn’t trade...
I don’t think so, but scammers can lure kids who dance and make videos 24*7.
It doesn’t surprise me when people are negative about trading. I’m more surprised when someone shows interest in it or says good things about...
@Millionaire As it is said, opportunities in trading are like trains. When one leaves the station, it’s the time for another one to arrive....
How can you be ok without using stop losses? They save your trading capital and prevent your account from blowing up. I don’t know about...
That’s one of the best books on trading psychology.
Risk is the possibility of losing your money. High risks could lead to high losses, but it can also give you high returns. When you take a risk,...
Choose a micro trading account if you are ready to take a risk and confident of your trading skills, else go for a demo account.
Currently, I am reading The Black Book of Forex Trading by Paul Langer
Pro- high liquidity, low transaction costs, low barriers to entry, and flexibility. Cons- volatile, risky, and presence of scammers in the market.
When you fail, think of it as an opportunity to learn and get better. If you ignore your losses, you will not grow and will keep making the same...
You cannot control your losses. But you can definitely control how much you want to put at risk so that the losses are manageable. So, learn to...
Forex trading brings with it a lot of excitement and a rush of adrenaline much like big highs when you win and lows when you lose. This emotional...
Scalping is risky but can be very profitable if a trader has sound technical analysis skills and is good at taking quick actions. The risk per...
I like to experiment with majors and cross pairs. EUR/GBP and AUD/CAD are my favourites.
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