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Future price forecast can be done efficiently through technical and fundamental analysis. Since fundamentals drive the price, economy related data, when used for calculation, would give accurate results. However, fundamental analysis is not an easy task. It is not just reading or understanding...

All speculative activities carry risk. A trader should be willing to accept losses. It is a part of trading profession. Some of the best traders do not have an average of even 50%. However, the ability to cut losses early makes them very successful. So, instead of concentrating on the number of...

No body, as you have stated, can determine the exact return from trading in financial markets. However, most professional traders strive to achieve 1% average return on their capital per day. This will ultimately multiply their capital by 3x on a yearly basis. In a matter of few years, the...

The only tip that will remain useful at all times is "be patient". Only a patient learner can succeed in this profession. Mind control cannot be achieved in a single day. It is a continuous training process. No amount of practice or exceptional strategy can lead a trader to success if he lacks...

Successful trading in financial markets demand smartness apart from a good strategy. As long as a trader possess such a virtue, the outcome of trading will be positive. Whether the trader is a student, professional, businessman or woman has little relevance to trading. Forex market does not...

The only facility which my broker does not provide is the copy trade facility. It will be really helpful as I have some close contacts who are very much willing to copy my trade or place money in a PAMM account managed by me. Since both of them are not available, I am unable to take my plan to...

Not only does a good trading system but also a thorough understanding of the same that matters. Without in-depth understanding of a strategy, there is no possibility of making profit, irrespective of whether the strategy is good or not. Additionally, a trader should also have mind control and...

The issue with multiple strategy is that it may result in confusion. Every time we enter into a trade, apart from finding proper entry and exit, we should also think of which strategy to use and pros and cons related to it. It is always better to trade with a single strategy so that we will have...

Speculation in financial market always carries some amount of risk. Only those who are willing to take that risk can expect reward. The risk profile of forex market is high because of unreasonable use of high leverage. As long as there is a planned strategy which is properly put into practice...

Each and every successful trader use their own customized strategy. It may not be suitable to others. Those who create a strategy will always have clear and indepth knowledge than others who just try to understand and copy the same. It is better to create our own trading strategy and fine tune...

The main reason for investors / traders to go for forex trading is the flexibility in timings offered by it. No other financial market allows a trader to choose his own trade timings. Additionally, relatively low capital is enough to trade in the financial market. This is because of the leverage...

Paypal is very much suited for freelancers. It enables freelancers to withdraw money very quickly to their bank account without any need for exchangers in between. Since they are localized, no money is charged for transfers. On the other hand, the conversion rate can be much better than what is...

Trading without stop loss would be successful in the initial stages of ones trading career. This is because a beginner will not enter and exit at precise support and resistance points. Thus, stop loss orders will get triggered often. On the other hand, it would make a trader disciplined. If a...

That's right. It is impossible to totally get rid of fear. It is possible only when we trade with free money and have no interest in making profit. A certain amount of fear is always good. It enables a person to avoid developing overconfidence. Additionally, fear cultivates maturity in ones...

If the strategy is really good then there is no harm in taking a larger lot size even with low capital. However, we need to make sure that short-term corrections do not result in margin calls. This is where traders fail when they opt for high leverage. Even if our assessment regarding the...

Automated trading programs only implement the strategy of a trader. Only advanced programs (genetic algorithms and neural networks) have the ability to learn and mimic human brain. Even then there is every possibility of error. The best of the traders in the world are not programs but humans who...

I bet the market would go the other way round after few rounds of success. That will eventually wipe down all profits including the capital. There is no short way to success. A trader who grows his account at 20% per month will end up being richer in 3 years. The $1000 investment would grow into...

An experienced trader with good concentration usually has a good intuition. It can assist him in making profit by entering and exiting at the right time. However, intuition has no scientific credibility. Thus, there will be no basis for a trader to follow the same. Trades based on intuitions are...

Trading in binary is not only hard but also risky in the sense that we may lose our money with a scam broker. The binary option business, as of now, remains highly unorganized with an opaque business model. It may take few more years for the business to get into proper shape. Till then it is...

Long term yields huge profits. However, the main draw back is that a trader needs huge capital to take long-term positions. This is because, entry & stop loss price would be normally far away from each other. To avoid margin calls arising out of volatility huge capital needs to be invested...