Search results

You can get rid of fear in trading if you increase your knowledge significantly. The more you have knowledge the better your emotions will be. You fear cause you are uncertain and don't know what is going on. If you know the fundamental then you will surely know what might happens and that will...

I think its wise to also diversify in your investment if you're a full time investor or a strong investor. This is because forex carries a lot of risks and investment in real estate, stocks, bonds, business have lower risks but are more stable and easy to make money as well even though it takes...

A failing trade is when you have entered at the wrong time and at the wrong price so its harder for you to reap profit from it. Ideally, you should enter at a low price to sell high as a long term trader and enter at a low price to sell high also as a scalper but if you enter at a really high...

A successful trade is when you have enter at the right time and buying the right pairs. You also exit at the right time that allow you to profit from it. You have used stop loss and you follow your trade to make sure you take profit before it dips. You also use modest capital and leverages to...

If you're a mentally strong person with experiences in trading, then your mental control is stronger than a newbie and that could help you maintain your trades and you're less likely to sell out of fear or enter cause of greed. I guess your psych has a lot to do with your success or failure too...

I guess a poor strategy could lead to loss but should be reassess and change if needed. The lack of patience and mental control is of those newbies and some experienced traders but those are more so with newbies. As an experienced traders, they do not fear cause they have strong control over...

We all will need to learn the basics of forex and so much more after that. Do you think you need a pair course? This will depend on your personally. Some people learn so well on thier own that forex is just a piece of cake with all of those free online resources like babypips, or youtube videos...

I think that would be wise to always have a sure source of income since forex is profitable but uncertain at times and not profitable at times and we might be wrong in our prediction as well and the market can go against us so it doesn't meant that we will walk out with profit. We will be stuck...

Of course timing matter as when there is no business or market opens, the movement is downward or side way and there isn't a lot of profitable opp for you to trade so you should time your trade cause I do precisely time it. Also, I enter at the lowest price so in a downward market I woudl enter...

You can become rich but its not an overnight thing. However, its very possible to earn daily profit as a matter of fact there are many earning opportunities daily. You can earn as much as you want to if you know how to proceed through it. It takes proven strategies or do long term trading as its...

It can be but it comes with knowledge and hard work and not just out of nowhere blindly. Its not gambling and you will lose miserably if you don't have experiences or knowledge. But after you acquired those skills, its easy to profit daily. As a matter of fact, I'm so confident in it that I...

Forex is the online business of currency trading internationally. Anyone can trade forex. Its a 24 hour market. You can trade every day during the week and make money. However, it comes with great risk and you could lose a lot of money so learn all you can and practice in a free demo account...

Of course, forex is very risky and one of the most riskiest things to do online. You could lose all of your money if you have no idea what is going on in the market. So to prevent that kind of loss, you would educate yourself and then train in demo and then practice really well until you can...

There are plenty of fraud and scams like hyips that don't pay so I won't be involved with those. I'm also very wary of Pamm so I like to trade for myself and I don't trust anyone caring about my money and also I've read of many scams that involved managed funds so I don't trust it. I don't think...

I'm happy for you. I like to have a job instead to gain my money but I do not care for status. Why should I care so much about others when I need a penny no one would give me so they're not that important to me. I do not go for status as its just a shadow in the water. I only go for money and I...

My strategy is to trade long term and trade for the day instead of scalping. I think I earn more that way and its less risky for me but scalping is way too risky for me. I like to trade long term. I buy low on Sunday night and then sell it by the end of Monday or Weds cause those are working for...

I also agree with you that those pairs are great since the spread is low. I dislike high spread over all cause it will take forever for me to get to that level and gain profit. I lose more with high spread pairs. I trade the euro yen often and it works miraculously for me. I earned a lot the...

Of course during off business hours or off market open hours. You want to avoid those kind of hours. Now, the worst day are the weekends but the market is closed and some brokers don't allow opening of positions so. Also, you should avoid end of the day as the market closes and everyone is about...

You can visit websites like babypips.com or dailyfx or forex.com or investopedia to learn the basics. Don't forget places like Youtube as there are plenty of videos on there from brokers and they are really good. You can watch live trades and demo so you get an ideal of how it all works...

That sounds just about right. Its all about learning and not just earning as newbie. In the intro. you must learn very well as from it that you will learn how to earn. Also, make observation about moving averages, how pairs moves, how market are with certain pairs and the best pairs that will...