Forex learning is a long time process! It’s not possible to make a huge amount of money in a quick time! Because, it’s a knowledge-based profession. So, new traders should practice more and more in their demo, without spending here enough sessions (in the demo), they will be not eligible for...
Well, when institutional Forex traders are not available there then I am also trying to avoid those sessions! Because many indecision patterns occur in there! That’s why I don’t open my trade on 1st 3 hours of Monday and last session of Friday.
I don’t think, it’s a good choice! For the reason that, it’s all about concentration so, having two or more account is not a profitable practice! I have only one live trading account and I am very serious on it. I don’t need any more trading account.
Forex trading business is my main source of income! I am very serious about this trading profession! I know, it’s very difficult to make regular money from this financial market, but I am hopeful because of my long time trading experience and knowledge.
You are so honest! To be honest, I also lose my momentum quite a sometimes when I face consistent SL’s in my trading! By the way, having a specific trading plan is very important to protect initial emotions during the trading sessions.
AUD/JPY is one of my favorite trading pair! I have more than 80% accuracy here from my trading strategy! Basically I trade mainly JPY related trading pairs like EUR/JPY, USD/JPY, GBP/JPY.
Well, I am sharing my trading strategy! Here, I mainly follow the market trend by applying my support and resistant levels! Most of the time market follow its previous trend, so this strategy is enough secure!
Frankly, you may not get such a great signal service in online! By the way, you can make money here manually if you can learn technical and fundamental analysis so keenly! I have very bad experience on trading signal services!
Thank you very much for your guideline! Basically, new traders need to focus on their learning process rather than earning! There is no valid way without learning, all of pro traders are knowledgeable enough, that’s way they are making regular money here.
The main criteria of a professional trader is, who is making regular money here! In addition, pro traders are able to recover their losing trades position so keenly! They can identify market trend so easily.
Basically, I use SL and TP in my trading so consistently! I never open any trade position without selecting the position of SL and TP! In addition, I set my SL and TP position according to the support, resistance area! Thus I get TP in maximum times in my trading.
Maybe I am but interesting point is, learning is a free option here! Such as, we traders can do demo trading for a long time but it’s a free services! On the other hand, I have learned technical and fundamental analysis though using popular Forex forums without any money.
To be honest, I am not interested in binary options trading! Because, it looks like gambling! On the other hand, Forex trading business is much secure to use! Here we traders get enough spaces to make real money. So, I prefer only Forex.
I don’t know actually! Even, I have enough doubt about the effectiveness of trading robots or EA! According to me, only manual trading is real! Yes, I handle my live trading account manually.
Well, if you are profitable in your demo account then, of course, you can trade with your real money! But if you are not sure about your trading skill, then hold on! Forex is the easiest way of losing money! So, make sure your trading skill first!
Although, there have so many part time Forex trader but I am here as a full time Forex trader! I seem, full time Forex traders are able to pickup maximum trading opportunities! So, I spend more than 10 hours here in average.
New traders are unable to identify scam brokers! Because, they want to get big bonus and high trading leverage! They don’t verify their regulation and transparency! As a result, maximum new traders start with market maker brokers unfortunately.
Yes, BabyPips school is a great place for Forex learning! I have also started my trading journey with that school! But it’s not enough for Forex learning you may get there primary knowledge only! But, you have to gather advance Forex knowledge!
Scalping is a name of trading style! The most important thing is, in scalping there is no need to use higher SL levels, as a result maximum new traders are involved with scalping trading.
Success is not easy here! More than 90% Forex traders are unsuccessful in Forex! I see, new traders are too much aggressive and mostly they open their live trading account too early! As a result, maximum new traders are unable to make money in the live market.