Recent content by traderface

When you trade with a cysec regulated forex company, you trade with utmost surety that you are trading as per the trading rules and laws set by the financial authorities of your country. All the cyprus forex brokers who have cysec regulation offer a safe trading environment to the traders. The...

Of course! Should something like that happen, anyone with a sane attitude would quit trading forex. It is because health is a priority. Money can’t do anything if one lacks health.

A beginner should learn everything about the foreign exchange market. Demo account lets newbies practise and learn the market. But forex is volatile. Learn risk management. It's a trait of wise traders.

The forex market is full of risk. You can succeed in this market if you can deal with the risks. Trading in such a market necessitates an understanding of risk management.

I would say it is easy to access the forex market but it is difficult to become a profitable trader. Behind every successful trader there is a story of hard work and determination. We all have to learn a lot in order to make money from forex. Your profits have a lot to do with your skill level...

This is indeed the best advice for all new traders. You can never find success while looking for shortcuts. It will only waste your time and energy along with money. These so-called shortcuts only divert your focus from your actual goal. And there is no scope for learning or growth when you...

The beginnings in the forex market are often the toughest part of every trader’s journey. They have to learn, take risks, lose money, and learn again to avoid losses in the future. They don’t just have to find ways to make money but also find ways to protect their money.

There is no denying the fact that forex trading is challenging and there’s no chance that traders can move ahead without taking risks. From the beginning of their careers, they have to prepare themselves for these challenges and find ways to overcome them.

Changing brokers every now and then is not really required. I’d prefer taking some time to research completely about a broker so I don’t need to change my broker after some time. Also, having so many trading accounts can make it hard to focus. I only have one account with Fxview and I am good.

Forex has its own risk like any other market. But it also gives good returns if done right. So hesitating from it because it has risks doesn't make sense. You can make it work for you by following the right strategy with the right mindset.

Nowadays I am into USD/JPY as these have shown consistent uptrends since months and giving expected returns.

On a demo account, there is no time limit for trading. That is up to you. As long as you become familiar with the platform and the nature of the market, you should trade on demo. Do not jump directly to a live account. Ideally, you should practice a lot on a demo account before switching to a...

Not only the lack of knowledge but also certain misleading concepts about forex trading to be a source of earning easy and quick money is the reason for their failure. They focus more on profits and neglect using risk management strategies.

Many traders think that conducting technical analysis using complicated technical indicators will help them make profits. But conversely, it makes them confused and results in making wrong trading decisions. So, it is better to keep technical analysis simple and moreover simple technical...

Some traders find forex trading complex and difficult to understand. Traders should understand the working of the market before stepping into trading live.