I also avoid trading currency pairs with wide spreads, especially exotic currency pairs.
In forex trading, traders make profits from making frequent small trades using scalping or swing trading strategies whereas in stock trading,...
Demo accounts have been designed for beginners to understand and get familiar with the trading platform and have an idea about how the market works.
I prefer trading between 8:00 am and 12:00 noon EST. As I trade EUR/USD and at the above specified time the New York and London sessions overlap,...
I trade EUR/USD and GBP/USD because they offer tight spreads. Some traders also prefer trading minor currency pairs which also include AUD/GBP.
The trading psychology differs while trading on a demo account and a live account as the money used in a live account is real. One can prefer...
Imo, forex losses hurt the most when a trader trades with the money which is important for him. Under the influence of greed they make such trades...
I prefer FXStreet and Bloomberg for market related news.
Beginners can prefer trading with lower lots and can use leverage upto 1:100 to check their performance in a real time trading environment.
Forex trading requires more investment of time in learning and understanding the concepts of the market to make profitable trades. Part-time...
Doubtlessly, “Trading in Zone” is one of the best books on trading psychology. I also find “Mastering Trading Psychology” by Andrew Aziz and Mike...
Stop-losses are really important for avoiding unnecessary losses. One should use stop-loss even if he is sure about his trade.
Exotic currency pairs are highly volatile and also offer very less liquidity and wider spreads. Traders require big capital to compensate for...
Making profits in forex trading requires more investment of time on learning than the investment of money. If a trader fails to invest time on...
According to me all the pros may become cons if traders trade without a concrete strategy. But traders can convert these cons into pros by...
In a way, it can. Tik Tok can make newcomers believe in the profit-making opportunities of forex trading and increase market volatility. For...
Trading against the trend is one of the major reasons why traders lose and fail. Unless a trader has many years of experience understanding the...
There is no denying that scalping is a highly profitable strategy but I use it to supplement my other strategies because of the risks involved...
Forex trading can turn into an addiction if you lose control over your mind, trades, money, and risks. If you think that you're getting addicted...
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