I lower my stress by drinking plenty of water and also listening to music and then doing some yoga and working out. All of this will help me stay calm and being more patience and waiting for my results and I also do other stuff to keep myself away from the broker's screen until the next day when...
You can be a stock day trader but I think its no where as good as forex. You have more leverages in forex and easier conditions than stocks. In stocks, all of those companies on there are being regulated as well. There are many regulations in stocks and you must pay taxes as well in the Us. I do...
My five R's of trading or five rights of trading are the right pairs at the right price, at the right market opening, at the right time, and on the right day. How about your five R's? What are they? In forex, its all about doing it right.
This would be my family. I only told my immediate family but no one else cause they look at it like its gambling. I know so. If I tell my others in my community, they probably see me as a no good gambler girl. In my culture, a girl can't gamble or else she is frown upon. But I grew up in the US...
If you have been trading for awhile now, do you have any bad experiences to tell us? I have one. I bought a pair for long term trading and expect it to rise but it decrease in prices and it was against my prediction, gbp/yen, so shocking but it only happen once in awhile. It must have been a bad...
We all have a pair that works well for us. For me, its euro/usd/yen, or gbp/yen most of the time as they have proven to give me profit. How about you? Which pairs work so maybe we can try them as well? Why do they work for you? How much money do you make off of it?
There are many reasons for failure. Of course, it all starts with not knowing about forex and trading blindly just for the heck of trading. Of course, there are many greedy people who just want to scalp the scalp out of forex so they will not learn and just scalp so they lose as scalping is very...
I think prices start to reverse downhill by Friday afternoon like around 2pm US NYC time so you must decide to exit by then cause it will turn low so if you have been waiting all week then its time to sell for profit or if all day then its time to sell by then. By 2pm most traders close off...
We should also look at indicator as well for those changes but prices to do not go to infinity and they stop at some point so we must also watch out for that or peaks points and we should decide to exit and take profit. It can go higher but then it will also turn downward right afterward so we...
That could be why some brokers don't allow scalping cause many traders lose so when they lose the brokers get a bad rep but they also lose customers cause those ones that lost will not trade anymore. so scalping can give off a bad impression of forex for newbie. If they trade for at least one...
Yes, some go into forex due to unemployment so its fine if they do trade full time but I'm just worry that as they get greedy and needy, they will open so many trades and get all impulsive and then lose so much more than what they want to gain and then take out a loan and then losing even more...
I think trading in .1 lot will help them so much. They will lose with cents instead with dollars so it will not be so discouraging when they face losses and when they're new they will face losses on most of their trades. If they're new they should try hard to work at managing their trades, and...
That is right. Its easy for you and I to stay calm and cool and under control but that is not the case with others. If they're so good then why are there so many failing in forex. Its kind of hard to fail once you have a working strategy but you fail cause you scalp and then the market turn...
I think we should have a day job so we don't sit there and wait on our profit so then it will work out easier as a trader. I work and then trade on the side so I will not have to be checking the price all the time and its best this way so we can earn profit in the long term and more stable and...
I find forums as useful since the info is shaped for traders and not some unrelated articles that do not answer our questions if we have one. Also any newbie can pop a question and get tons of answers from experienced traders so that is very helpful too. But they must also learn to avoid...
I think if you're earning good money from forex, you should spread the words to friends and family and allow them to learn and earn too right. Any kind of opportunity like this should be pass on don't you think. I've talked to my family about earning in forex too. I think it can be a fun...
I think its simple for those who have some experiences in fundamental and technical and also a guru in this field. I mean, buy low sell high or buy high and sell higher and manage all risks. Its not too hard for me as there are things in life that are much more complicated than forex. I think...
Also, internet marketing pays lower than forex. Its less risky but it pays lower and its harder to get clients whereas in forex you can easily earn like $100 bucks in an hour so I prefer forex or I can earn $300 in a day for long term trading so I prefer forex. Plus, I can get results in forex...
I think it will also depend on how new you are to forex. Its recommended that new trader use low leverage like up to 100 and wait until they are more experienced to get up to 500 but 1000 is too much and should be for pro trader or experienced trader only. The more leverage the faster the margin...
Some news allow scalper to make good profit. Some news also make the price rise to like 80 pips above so they're very powerful sometimes. When you see such rise, it could be news action in effect. I think scalper wait to trade news. Its their thing and not for long term trader though. The news...