Search results

It is true that stop loss is a needed and very important tool to help a trader prevent huge losses, it is still not that indispensable. Besides, some traders who find it difficult setting stop loss will not want to use it and they are fine using the manual system of preventing losses by watching...

Understanding the need to learn from a very reliable source is very important. Though there are many sources of learning online, there could be those who are very essential and more preferred than others. I like to adapt with sites that teach people in an easily comprehensible way and manner to...

The fist thing is that any time I lose, I would be sad, kinda restless and disturbed. I would like to remain alone and keep to myself. After some time, I will bounce back or sometimes, I will just take some break. Staying away from those charts again to avoid going through them. - - - Updated -...

Trading is what everybody can learn easily but how to trade profitably is what brings in the problem. A trader who trades profitably is one who devoted some good quantity of time to learn well. It is the main difference between two traders.

Forex robot is just an automated trading system that does your job for you when you are away or indisposed. You do not have the time to trade, or you don't like staying on the monitor for too long, it trades for you. We should also learn to understand that it does not do well if you do not...

I have not used an EA before and would hardly know how it works. I can only remember it can help you trade when you don't have time. For me, I own time, I do not seek any employer's permission so I would go full manual.

The easiest way to learn forex depends on the easiest way the trader sees. I do believe that someone who can get books very handy or information online with videos to back it up can Learn easier online. The internet is full of resources that the trader can use to upgrade his knowledge.

It is what every trader goes for. This is your trading tool. As a hoe is to a farmer, so is a trading tool is to a trader. You cannot do anything without having one that is good as a strategy to work with. It is based on that that you build your risk management process and safe trading.

The worst thing can still be going to trade with ineffective analysis. It is worst dead than trading without any risk control technique. Another is trading in an unfavorable market condition, he will only come out a loser.

But we can still note here that trading everyday does not mean earning every day. Someone may be trading on a daily basis and be losing on a daily basis too. What should matter more is learning.

No one would blame me for doing so. They are grown ups and I didn't take undue advantage over their age. If I introduce such to you, you are not under obligation to accept. It is a friendly suggestion which you can accept or reject.

Risk and money management can be gotten from so many sites on the internet but if you can get files to download, you can always have a copy of it. It is in most cases, not a theory thing, you just have to implement them and you can do this with a demo account. It is about the right use of...

My dear, forex is not started that way. Capital wise, you can start with no investment of your own. You can use credits (trading funds like bonuses given to traders by brokers) but first in first, you need to know what you are going into. I suggest this link: School of Pipsology | Learn Forex...

It is clear. He has the skills the new trader is looking for. He has the experience that lacks in the new trader. He can take calculated risks and still make money but a new trader is an epitome of fear. He knows how to make profit with his capital while the new trader is good at losing his.

Agreeing with decub's post, there is no minimum or maximum time. As our faces are different, so are our problems and our brains. Some understand better than others and faster too. If I should say, it should be measured on hourly basis because not every learner devote the same quantity of time...

That it is a business of probabilities, you either win, or you lose. As a newbie, you even lose more than you gain and if you do not take time, you get discouraged. That patience is the key.

News will for sure take a change in the direction of the market movement. The most influential of the news is the high impact ones. When they are released, the market starts to takes a turn in the direction of the news. The effect of news on the market can make a winning trader lose or a losing...

Anybody that is coming into forex should have that at the back of his mind that trading on forex means trading on a business that is quite different from the one he/she used to know. It can mean that the business is may bring you profit or loss or may make you rich or poor.

We can reduce losses by using the Stop Loss tool. That is the function of setting the tool so that traders are saved from the effect of having some huge losses and subsequently getting an MC in the process. This is the main known function of the SL tool and provided we set it well, we are saved...

Personally, I see it from two points of view, one as a money factory and two as not. We can make profit in forex within one hour and this can make it look like it is a money factory. Also, before we start making money as fast as that, we need to have good trading skills and it takes time.