Search results

New and undisciplined traders always search for an entry. They sit before the chart all day long. Even there are some traders who can not sleep properly at night. It is very bad. Fix one or two trading sessions and search entry in those sessions in higher time frames.

It is true that we should not use complicated trading strategy. The more complicated your strategy is the more loss you will incur in trading. Try to keep it simple. Simple is awesome. Simple strategy will help to to find more good entry opportunity.

It's not that easy that you trade and make money. To make money bu forex trading, one needs to have deep understanding of how forex trading works.

Only basics knowlwdge and skill are not enough for consistent profit. Forex is a professional work that requires specific knowledge and skills. That's the reason very few people are successful here. Most people treat forex like gambling. They do random trading. They do not have well defined...

You can make profit with small investment. The interesting fact about trading is you can make profit compounded. But for this you have to make a long term profit target. For example, 3 or 4 years plan. But if you want quick huge profit with small investment you are going to end up losing your...

With demo account, you can test your strategy. It's risky to test your strategy directly in your live account as you don't know how it will work.

Trading is risky. That's why Managing risk is very important for maximizing profit. I risk 2% of my capital for each trade. Similarly, the most silly introduction to risk is 4%. It proposes I open most crazy of 2 trades. I figure everyone should keep up their hazard association rules. Without...

Greed and the restlessness of making money quickly do the havoc. From the beginning most people consider trading like gambling. They want to make huge money overnight. They do not follow any risk management policy.

Yes right now I am satisfied with my broker Eurotrader. Earlier I was not happy with broker as they used to requuote a lot. But now my problem is solved with current broker.

I personally like to trade GBPUSD. Actually it is your choice. You have to find out which pair suits you. For a newbie it is better to choose a pair and do research on it. The process is you have to observe chart a lot. You will find some unique characteristics of every pair. Use those...

I like price action with volume charts. Everyone has their own comfor zone. What works for you may not work for me.

Indicators are useful but not the whole thing. Only charts are also very important. There is much more thing than indicator. It is the mind. Sometimes you just know it's going to work. With time you get an understanding of trading. That understanding is beyond everything.

In the Forex world, there are two sorts of spreads offered by Forex Brokers towards their traders. This implies they can trade shrink on a Fixed spread or Variable spread as it were. There are numerous traders that will choose to open an account with a particular Broker simply because of the...

High leverage can cause you astounding losses if you don't use proper risk directing technique. I have seen distinctive traders to lose their account on account of unprotected trading approach with high leverage. High leverage interfaces with us to make colossal trades yet it harms us in change...

Every trader should make their own strategy. What works for me may not work for you. Learn technical analysis and price action. You will be able to make your own strategy.

The biggest mistake newbie does is they treat trading as a gambling. They come here to get rich overnight. But they are unwilling to learn by themselves. But the reality is- you have to be skilled in order to make money consistently. If you can't invest your time in learning, do Not invest in...

Bonus is not that much important however welcome bonus or no deposit bonus might be essential for new traders for their practice. Broker use this type of bonus to attract novice traders. When I started trading I also looked deposit bonus. But later I realized that deposit bonus is of no use.

It's good if we can combine both fundamental analysis and technical analysis. I think only technical analysis can also be used for trading and many traders are making money including me. I just stay away from economic news release.

Nobody ought to rely upon luck in trading. You can be respected one or two or three times. In any case, You truly do need to acknowledge what you're doing. It's the relentless work that at long last pays off. In the event that you do solid work in right way, you will get achievement.

To manage risk reward ratio, you also need good knowledge. The ability to find a good trade is important. You have to find out what you are best at. How many entries are right and wrong out of 10. Sometimes 1:1 risk reward can be good if your winning ratio is more than 50%. It's actually a trail...