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News carries tremendous importance in determining the primary trend of a currency pair. Mostly the trend set by news remain unchanged for a long period of time. A shift would be seen only when another news of the same magnitude comes out. Understanding the primary trend would be very much...

Knowledge and experience are very much interlinked. A trader need to gain some amount of knowledge to enter into forex trading. Trading gives him experience. The trader should learn lesson from his experience. This adds to the knowledge. The refined knowledge should be applied to gain better...

Emotions such as courage and fear play a vital role in determining the outcome of a trade. Too much of courage is detrimental as it would give rise to overconfidence and bad decisions. Likewise, too much of fear would not allow a trader to capitalize on an opportunity. It is always better to...

Invariably everyone have a success story in the beginning when they trade in the forex market. However, the story finishes half way in most of the cases. We can rejoice only when there is a consistent track record of making profit from the forex market. Not that we should not celebrate but...

I will certainly give an idea about forex market to my family. However, I do not wish to force anyone into that profession or anything else for that matter. Profession should always be selected based on individual needs, aspirations and interests. Then only the individual would shine in the...

I have never invested in PAMM and do not plan to do so in the shorter term. This is because, I wish to learn trading and investing in a PAMM account would never enable me to do so. Thus, it is always better to trade for myself. Even if there is a loss, I can analyze and identify the mistakes or...

There are some specific advantages which forex market possesses and is not available with others. The first major advantage is time flexibility. No other market operates for 24hrs a day. This allows a trader to choose his own work timings. The second fact is the low entry barrier. The third...

From an investor's point of view, all the capital should not be invested in forex market only. Forex is one of those non-traditional markets like stock, bond and commodity market. Investments should be spread out in an even manner so that risk gets negated on a large scale. Another advantage of...

Trading without stop loss is the most riskiest style of forex trading. The price movement in the forex market is affected by economic and geopolitical news. In case of unexpected news, there is every chance for losing the account totally. The only way to protect ourselves under such scenario is...

A successful trade, as per me, not only means making profit but also accompanied by low draw down and little risk. A trading strategy should be structured in such a manner that all components including entry, stop loss, take profit and exits are defined perfectly. Any errors would certainly...

All of us get upset when we lose money. Particularly in forex trading, the experience will lower our morale. However, we always should remember that losses do happen in this profession and there are no exceptions. It is the ability to learn from our experience that matters. We should introspect...

Speculative activities will always involve loss. What matters most is the ability to cut down losses while riding on profits. Non-traditional investments always carry some amount of risk. However, those who manage risk effectively will be able to get returns far higher than traditional...

Time has very little effect on the outcome of a trade. A wise trader with an effective trading strategy and discipline of mind will make profit now and in the future as well. On the other hand, a trader who gives very little importance to risk mitigation techniques will continue to lose in the...

I do accept the fact that forex trading is easy to learn. However, when it comes to putting what we have learnt into practice, most traders fail. That is the most difficult thing in forex trading. Most traders can easily understand trend and forecast with reasonable accuracy. But when it comes...

I do not think that anyone other than ourselves is responsible to loss in forex trading. It is only our mistakes which come back to haunt us. A trader who lacks discipline of mind and do not stick to the strategy will eventually lose. There is no point in blaming the market. A mature trader will...

Forex trading is certainly a money factory to those traders who have a reasonably perfect trading plan coupled with good risk management techniques. Learning from experience and determination to avoid past mistakes through mind control are some other requisites that are needed to become...

Money and risk management will take a trader long way in the path towards financial freedom. Actually, a well laid trading plan would naturally include risk mitigation techniques that would protect capital erosion in case of any unexpected volatility in price. A casual trader who does not give...

Price movement may reverse or continue in the same trend on Friday, depending on the net long or short position in the market. Since most of the forex brokers reduce their leverage on week ends, it is better not to open new position on Friday. If at all there is any open position, it is better...

Full time trading should be done by only a trader who has at least one year of successful trading track record and surplus money to take care of three month expenses. Under such a scenario, a trader will be able to take decisions with balanced state of mind. This would more or less guarantee...

Scalping is the process of capitalizing on minute price movements. A scalper usually trades on a very small time frame. This makes scalping a very risk style. Only those traders who can pinpoint entries and exit should try scalping. There is no room for delays and errors in scalping. It is...