A successful trader is wise while making trades and is able to analyse the market properly and make trades accordingly.
I find Forex trading more profitable than stock trading. The forex market offers more liquidity and good leverage which increases profitability.
Demo accounts are the basis of live trading. Trader will surely lose if he does not spend sufficient time on building a trading strategy and...
Scalping exotic currency pairs will not bring as much profit as they offer widest spreads. And for scalping profitable currency pairs should have...
All the major currency pairs are best for scalping. I scalp only EUR/USD.
Managing emotions is the hardest thing in the forex. Trader can’t make right trading decisions without having controlled emotions
The psychology of money - Morgan Housel
Demo and live trading differ from each other. Clearly, if you want to make money, live trading is the way to go. But how will you do it if you...
That’s a great win for Johnny. But when are we going to see his new movies?
A large number of people have become forex traders in the modern world. Because of the easy access to the market and low trading costs, people...
The economic calendars help you in staying updated with the latest market events so that you are prepared for the volatility that may affect your...
A high failing rate in the forex market is a result of traders not being able to adapt to the market conditions. It’s not a good idea to assume...
Financial risks often turn into addictions for most people. When traders lose their money, they become revenge traders and when they make money,...
I don’t get distracted easily. If I have planned to do something, I will stick to it and won’t let any distractions win over me. I analyse the...
Big returns are not achievable for all traders, no matter what they expect out of their strategies and the market. If you don’t have the guts to...
Trading can turn into an addiction! Avoiding falling into this trap because it could sabotage your trading account. Keep a close eye on your...
As beginners, we underestimate the market and have many assumptions. Don’t let this build up! The market can be highly unpredictable. Be prepared...
True! Keeping track of your trading performance is essential to grow, otherwise how will you know where you are lacking?
Losses need to be accepted and learnt from. To do so, traders should have a strong and optimistic mindset.
I am currently focusing on forex only but have planned on adding cryptos into the list.
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