Search results

Yes, it takes such a long time to learn Forex. In my 1st year of trading I also faced so many unbearable losses in my demo as like others newbie.

That’s the general case; besides micro or cent type live trading account can be a good alternative option from demo. It’s my personal observation.

Very smart answer! Yes, there is nothing like readymade strategy in Forex! Here, you have to build your trading system by your own dedications; again there is no shortcut way.

You are right; that’s why we need to work with regulated Forex brokers since only regulated Forex brokers are transparent.

Yes, you are right! In addition, I am very much happy on my trading profession since I get enough financial freedom here. By the way, no doubt Forex is very much challenging profession.

What did you mean by technology here? Trading EA or anything like that? Waiting for your answer.

Of course, no one can make here 100% profit; but the point is: pro traders don’t face huge damage of their trading account since they follow the terms & conditions of the money management policy so honestly.

If you are newbie, please don’t be serious on your income from the 1st day; part time is the best solution to you; then if you are consistent enough only then go for the full time trading.

Please, don’t go for any particular monthly return! Because, there is no guarantee! In addition, here you can’t force yourself to make money. Be flexible and always try to use good opportunities; that’s the principle of Forex trading.

Metals are always challenging because of high volatility rather than the general FX currencies! That’s why, usually I don’t use Gold & Silver unless I am very sure about the market momentum.

My favorite trading pairs are EUR/JPY & USD/CAD. I basically get more than 80% accuracy on these 2 trading pairs; as a result when I get any trading opportunity then I use my maximum trading lots size.

New traders need to focus on only their learning process! Because, if you want to make money here then you need to build your trading skill; there is no shortcut way of money making in Forex.

Listen; if you want to avoid SL then you should set your SL based on the position of support & resistant level. Besides, don’t go for fixed SL anyway.

I don’t think so; because regulation is a very important parameter here! Yes; you can move here with a non regulated broker! But, there is no guarantee on non-regulated broker. So; please stay away from the non-regulated Forex broker.

I agree with you! But the problem is, news trading is an advance level study. There is no way to cut & past. It’s not easy actually & really takes such a long time. That’s why, a number of traders avoid news trading.

Well; when I started my trading profession then I was confused on my success; since I had no background on Forex! By the way, I am really thankful on this community; really I have learned a lot by this forum.

Same here, I also think daily target is the worst thing. Because, we can’t move the market personally; so there is no value on the personal target.

Absolutely, I am also using the Mt4 although I know Mt5 is available in the market! Actually, I get all of my trading facilities on Mt4, so no need to change this platform.

You are right; but according to my personal trading experience, manual trading is much better than the automatic trading! Even I see, almost all of pro traders are involved with the automatic trading.

Can you please explain why? Because, I see fundamental analysis is more important than the technical analysis. I really surprised.