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I do not fix any particular risk percentage. I ascertain the risk to reward ratio and if the trade is convincingly feasible, I enter the same. I place a stop loss at the right point. As much higher the probability of reward, so much higher the risk I would take. This usually balances any future...

I have earned close to $150 using bonus. So, I wish to differ from your way of calling it as "fun". Personally, bonus offers should be thoroughly assessed before signing up. As long as it involves completion of certain number of lots, it can be achieved. If not, it is not worth the time. Most...

A beginner should always opt for calm periods to trade in the market. Usually Asian market hours are calm and provide good chances to earn. As a trader gains experience, he can trade during the opening hours of US markets. The final stage is to trade the news. A shift from one level to another...

Most professionals have achieved remarkable feat in trading only because of their innate ability to avoid past errors. It is one of the most difficult aspects of trading. Most traders have the habit of repeating the same kind of mistakes. This never allows them to succeed in forex trading. Only...

It is very difficult to stay focused as a newbie. There are plenty of chances to get distracted towards new strategies and suggestions. Thus, it is better to avoid trading news in the beginning stage of ones forex career. It demands not only fundamental knowledge but also about currency...

Demo trading assists a trader to refine himself. To a certain extent, it also reflects our ability to trade in a market. A demo account also allows a newbie to have a feel of the trading platform and its technicalities. Without any risk to real money a trader can learn trading and also create a...

It is very much possible to have forex trading as a full time career. However, before a trader makes a decision on the same, the following criteria should be met. The first requisite is a decent track record of success with low draw down. The second requisite is surplus money to take care of at...

Every trader dreams of making millions from forex trading. However, it is only a handful of them who are able to face the challenges thrown at them by market and succeed in their goal. There are five unbreakable rules which a successful trader always follows. They are: a. Trade the trend b...

Even though most traders can predict the price movement accurately, yet the success rate is very low. This is because of the psychological barriers that needs to be removed in ones mind to avoid mistakes while trading. These barriers are a. Losing focus b. Hesitation to enter when opportunity...

All trading platforms provide facility to view price action in the form of line, bar and candles. However, only custom script will enable a trader to visualize price action as a point and figure chart. They offer some unique advantages over others. The first thing is insignificance of time in...

Only few brokers who offer STP accounts provide C trader platform. It is the most preferred platform among professional traders. The order gets routed directly to the STP networks and allows trading directly with banks. The greatest advantage of this platform is that DEALING DESK INTERVENTION is...

I do accept the fact that flexibility matters the most in speculative profession. However, a lot of experience is required to reach a level where a trader adapts to markets volatility. In the initial stages, it is always better to stick to the strategy created earlier on. It will enable a trader...

There are plenty of forums where traders offer their trading techniques for free. However, a majority of them are too complex to understand and practice in reality. In most cases, it is only the actual creator who has a thorough knowledge of the same. I am yet to encounter a simple but very...

As we all know a virtual private server facility enables a trader to run his EA without any need for keeping our computer with internet connection, switched on at all times. Most forex broker provides VPS facility free of cost provided a trader opens account with a considerable amount starting...

As per my experience $150 is more than enough. I was able to grow the account to $300 in less than three months time. So, in another few months time, I may be able to earn a considerable income from forex trading. In fact, I traded only with a 1:100 leverage. So, it is the strategy that matters...

Forex profession is probably the least capital intensive. This is due to the liberal leverage offered by forex brokers. As long as a trader follows a tested strategy, success will follow. So, there is no need, what so ever, to borrow money to trade in the forex market. A trader who cannot make...

There are traders who wish to balance their risk by trading multiple pairs. The counter argument made to this arrangement is that a trader will lose concentration and a negative outcome of trading in any of the pairs may affect the performance overall. Personally, I do not take position in more...

You can join the webinar conducted online by Mayzus this week. Pls., do visit their website for details. It is one of the best course that is currently available for free. The webinar is about developing a trading strategy. Furthermore, internet, by far, can teach you better than any short time...

More than experience it is the determination to avoid past mistakes that segregates a professional and an amateur. In most cases, a professional and an amateur are good at analysis and strategy development. However, when it comes to implementation of strategy and showing mind control, a...

To begin with let me define what officially (as per NFA) an asymmetric slippage is. It is the process of taking undue advantage by confirming orders a few notches away from the prevailing market price. This can be understood by the following example: Consider that a buyer places a market sell...