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To be honest, I do not have great opinion about binary trading. The reason is binary traders can win only when the platform providers lose. Even though, the principle is same as in forex trading where we trade against the forex brokers who act as market makers, the latter hedge their position...

Leverage is simply the process of getting higher purchasing power relative to our investment. Leverage is provided to encourage traders to do high volume. This in turn benefits the forex broker in the form of commission or brokerage they make from their spreads. Leverage is a double-edged sword...

To protect capital erosion, it is always necessary to allocate money for both traditional and non-traditional investments. Traditional investments include fixed deposits, bonds and insurance policies. Non-traditional investments include stocks, commodities and currencies (forex). A right or...

Only because of the availability of low cost communication facilities, more and more youngsters are joining forex market. The ability to connect with a server located in some other part of the world with very low recurring cost is something unthinkable a decade before. Technology has brought...

It is always better to avoid trading during the news time. This is because the impact of news on price movement is to be gauged by a trader before placing an order. Whether the news would create positive or negative impact is not that difficult to ascertain. However, it is rather difficult to...

Searching and locating a broker should be based on the needs of an individual. Even the best of the brokers may not suit some traders. For some traders, the speed with which deposits and withdrawals are processed is of prime importance. On the other hand, to some traders, it would be the spread...

I am not sure how far we can rely on time to enter and exit a market. It is always better to use technical and fundamental analysis to time our entry and exit in a market. Trading based on statistical data coupled with time may not work all the time. Also, all entries and exits must be reasoned...

There is no possibility of getting rid of fear totally. A reasonable amount of fear should exist within a trader. Only then stop loss and take profit facility will be used by him. On the other hand, too much fear indicates lack of confidence in the trading strategy. That is where a demo account...

Professional trader is one who cuts losses quickly and rides on profit. Such a trader sticks to a well laid trading strategy that clearly defines entry, stop loss, target and exit price. A professional trader will have abundance of patience and mind control. Because of these virtues, the trader...

Fundamental analysis determine the primary trend in a market. Medium and long term traders are very much dependent on it for planning their trades. On the other hand, market always have small moves against the trend. These small moves or 'noises' as it is called by professionals, need to be...

A trader should never feel stress during trading. If so, it means that there is something lacking. It may be a well laid strategy or risk management technique. Only under such a scenario a trader will stressed out. It is better for the trader to go back to the demo account and check for loop...

Entry and exit points determine the outcome of a trade. Most technical analysis is used to identify those points. This is because fundamental analysis will show the primary trend but will not indicate the entry and exit points where as technical analysis do. So, a trend following indicator and a...

Instant strategy or intuition based trading will not succeed all the time. Also, volatility may make a trader feel restless when he follows an instant strategy. On the other hand a tried and tested strategy will enable a trader to keep his patience and enter a trade with confidence. Thus, it is...

Having a series of losses calls for detailed analysis of trades. In case the loss is due to a loop hole in the strategy, it is better to fix the error, go back to demo account and trade for a while to check whether the problem is resolved. After making sure that prior problem is resolved, a...

Technical and fundamental analysis carries a lot of importance in a trader's career. Fundamental analysis which enables a trader to identify primary trend, is used mostly by medium and long term traders. On the other hand technical analysis is used by intra-day and swing traders. This is because...

There are very few success stories about Etoro copy traders. This is because successful traders tend to average or use martingale system. Even the best trader last year, named Tiwari, is no where seen now. Also, only 20% of capital can be allocated to each trader at the maximum. It needs...

Emotions have never saved me. It has only put me in trouble. Emotions cloud clarity of thought. Thus, it is impossible to take intelligent decisions when emotions rein over us. I prefer to stay away from the market when my morale is down. It is rare to see some one saying that emotions have made...

Take profit is a must use facility. It enables a trader to negate risk considerably. However, take profit facility should be coupled with trailing stop loss to benefit in the maximum way. Not all use take profit facility. There are professionals who avoid take profit facility. However, as a...

Forex trading is a speculative activity and not a business as most people believe. To consider some transaction as a business, a product or service needs to be sold. It is a very profitable profession as long as the trader gives his heart and mind into it. No other profession offers this much...

To become a millionaire through forex trading is everyone's dream. However, very few achieve the same. Mostly people leave forex after few months. The reason is that it takes a lot of time to change our habit. Impatience, lack of mind control and determination contribute a lot to failure. A...