Search results

Along with patience, one should focus on learning the skills. Unfortunately, most people focus on earning and losing money.

To improve patience we need to be realistic. When it comes to forex trading, people become illogical. They want to multiply 100$ in a day. The market moves all the time doesn't mean all the pips are yours. Be realistic and treat it like a normal business.

Trading is easy only if you have good knowledge, skills, and mental capabilities. It's designed in a way so that not everyone can make money. Most people want to make money here with the least knowledge and skills.

Yes, the loss is an integral part of forex trading. The loss will happen. That is why we need to learn how to minimize loss and make profits.

You can take partial profit if your strategy allows you. It is not good to change your trading plans, every now and then. It makes us psychologically restless.

Forex can be the best way to make money only if one is ready to give time and effort to learn the art of trading.

Yes, you are right. It also refers to how much money one should use for a single trade. It is an integral part of forex trading.

To earn consistent profits in forex trading is not easy considering the forex risk is very high. At the risk of it, so to be successful in forex we need to continue to learn and practice trading so well that would allow us to trade with the maximum. And have good trading psychology is a key to...

Taking 1% risk per trade is a very good risk management policy. But if you open 10 trades at a time that would be 10% risk. So we need to be careful about it.

Yes indicators are not everything. It is just the tool that helps u to understand about price charts. Decison making is the most important part.

Trading is not an easy job. The most important thing to develop is your psychology, if you cannot keep cool when your position is losing money and make decisions based on facts rather than emotions you don't stand a chance.

Yes, you are right. If we can not accept loss, it is possible that we will take revenge trade. And revenge trade is not good at all.

Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.

Personally I like Eurotrader for my trading. I have been trading for few years with them. So far I am happy with their services.

The problem is most traders do not have any proper rules. So they do not follow any rules. Most decisions are impulsive.

Leverage give traders ability to buy contract size with using margin only, common trading activity usually using no leverage, trading in forex market have to buy currencies in lot size, standard for 1 lot is 100,000 so if no leverage used than only big boys with huge money can trade forex

Profit target should depends on your strategy. But it should not flactuate too much. It is bad for your psychology. You becomes indicisive about target. We need to be disciplined.

It depends on whether you can learn it or not. Learning means the deep understanding of the market. Without proper skills forex trading is not worth.

The first mistake most traders do is - they take the trading very lightly. Actually they have been introduced forex in a wrong way. They are told that it's very easy. You just have to deposit money and when price will go up you have to go for short and vice versa. A ready-made strategy will all...

Yes you are right. Most people do not follow any rules. Warren Buffett said something like if you can't write some reason why you are buying, don't buy it.