Search results

The greatest approach to staying motivated in forex is to do the following two things. The first is discipline, and the second is consistency. Your motivation may be affected by numerous things and cannot always be so high, but your consistency and discipline are what keep you going in the long...

Leverage in forex allows traders to control larger positions with smaller amounts of funds. High-leverage brokers give traders an opportunity to diversify their portfolios by opening multiple positions with different currency pairs (probably their fav one). Here are some recommended brokers you...

Yes, having a plan is essential, especially when it comes to forex trading. When you are specific about what you are doing and what you intend to do, you are more likely to make more informed decisions and create a better and more productive trading strategy for yourself.

Both knowledge and experience are crucial for success in forex trading. Forex is a complex and dynamic market that requires a solid understanding. Traders also need to gain practical experience by trial and error, testing their strategies, and continuously learning from their trades. It is...

Three things influence my choice to select a forex broker. The first is regulation, followed by the commission, and then spreads. After trying out many brokers, landed on fxview which seems really a good fit for me. Will update this thread when I go live with them.

One common mistake forex traders make is over-leveraging their trades. This means they are using too much-borrowed capital to increase potential profits, which can also amplify losses. It's important for traders to learn from these mistakes and continually strive to improve their trading skills...

Regardless of your trade background, you can master your talent with more and more practice. Forex trading is a journey of learning. The more you practice and learn about it, the more confident you will be in yourself.

I think I like using a regulated broker where there is a deposit bonus so that I can trade with little more capital for trading. From what I have used so far, these are some good brokers: Fxview - 100% Deposit Bonus Vantage Markets - 50% Deposit Bonus XM - 20% Deposit Bonus

Yes, there are a lot of mistakes that traders make when they first start trading. Lack of information, lack of reliable learning resources, or making irrational trading decisions. However, there is always space for progress if the trader keeps a strict eye on his errors and works to correct...

What is more important than profit is to learn trading strategies once you know how to trade and when to trade, profit will generate automatically.

It can be quite difficult to pick the right broker because there are so many out there. But the one that was listed in OP is just what I have been looking for, although I would add regulation, it is quite important for me, I have to say. The brokers that come close to these criteria are Fxview...

As far as trading is concerned it is important to have knowledge of forex trading.

Trading books and video really helps in initially to know more about trading.