Recent content by Ferro Bianchi

You can earn money by trading forex, but it only happens after some time. It takes time and lots of energy to make profit regularly. Because the market has such high levels of risk, this may come off as impossible but with the right knowledge, anything can be achieved.

You must do trading according to your plans. And at the time of planning calculate the risk and profit and predetermine your entry and exit points and also you should focus on factors and ways that are necessary to control the risk.

Recording your trades is quite helpful. In a journal, you can record your entry points, exit points, and all other necessary information. It is a good habit to track your progress. It also helps in avoiding past mistakes.

There are many unique things about forex market such as • It is the largest source of global liquidity. • It is the world's most traded market, with over $6 trillion exchanged daily. • It is open 24 hours a day, 5 days a week (Sunday through Friday). • There are no limits on how much you can...

When trading forex, you can choose to trade with fixed spreads or floating spreads. Fixed spreads are set by the broker and do not change based on market conditions. Floating spreads change with market conditions and tend to be wider than fixed spreads. When trading with floating spreads, it’s...

Forex is not an easy place to be and one needs to prepare for all the ups and downs that they will witness as a forex trader. I think emotional control is crucial while trading as being overwhelmed with emotions creates a brain fog that interferes with rational thinking. Knowledge and skills are...

The only thing that can help you in forex is your skill and knowledge in trading which you have to develop by hand on experience and learning. But apart from that there are some other qualities that a professional trader has: patience and consistency. You will never see a professional trader...

The Forex market is complex and difficult to trade due to risks caused by high volatility. Traders should study the fundamental factors on which the market reacts and become volatile.

I think discipline is really important when it comes to trading. Motivation can help us only in the initial phase and once that’s over we are bound to feel tired and burned out. Discipline would help us to stay on track and focus on our trading goal even if we don’t feel like it. And trading...

Yes, leverage is helpful to accelerate your profits but one should be careful while trading with the borrowed funds as they can also multiply the losses. Leverage is like a double edged sword as it can either make you powerful or make you injured depending on how you handle it.

There is no such requirement. It’s an open market. However, it is risky and challenging to survive. So don’t trade unless you have done your research and developed some trading skills.

I like to keep some days off from trading. And weekends are reserved for that. But I give time to reviewing my previous trades.

That has been working as a golden rule for decades. No matter how obvious the market movements seem to be, you must never risk more than your risk appetite.

It doesn’t matter whether you want to take risks or not. If you want to trade, you will have to take risks to keep moving as you make profits on the money that you put at risk.

The demo account is the best feature of forex trading which gives beginners an opportunity to learn the basics and become familiar with the trading platform and market. And the best part about it is that you do not risk losing your real money. You can practice as long as you want to.