Recent content by Fin_Trader

You also need to be able to choose a reliable broker so that you can withdraw your profits in a timely manner and trade with the best and most profitable trading conditions for yourself. FXOpen, for example, provides such an opportunity. And if you have your own proven trading strategy and...

Basic knowledge alone will not protect you from losses. Here you need good knowledge and experience to earn money. Therefore, you need to prepare yourself for a long enough study of technical and fundamental analysis in order to become an experienced trader who knows how to preserve his capital...

If a beginner does not follow the rules of money management, then it is better to use a small leverage. In this case, in the terminal you will not be able to close the deal with a large lot and violate the risks. But if you trade according to the rules of money management and control risks, use...

I would say that we must learn from such losses. Each unsuccessful transaction must be analyzed and the reason for such failure must be found. This way we can adjust and improve our trading strategy so that there are fewer such losses in the future.

I chose a broker based on the quality of trading conditions, duration of work on Forex, quality and speed of execution. I trade intraday, so minimum spreads are important to me to make more profit on each trade. That's why I chose FXOpen, which meets all these conditions, so trading is...

Many people find it difficult to learn. After all, for many, this is a completely new field of activity that needs to be studied from scratch, devoting a lot of time, effort and patience to this. But this stage is often skipped because you want to start earning money faster. As a result, trading...

Yes, confidence often develops into self-confidence. And even when you still manage to trade profitably, you should not forget about risk control, endurance and discipline. Otherwise, due to the appearance of euphoria from successful transactions, a trader can relax and make mistakes, believing...

The market seems chaotic when a person does not have his own trading strategy. But when he studies technical analysis, selects certain indicators, learns to use support and resistance levels, studies trend reversal and continuation models, patterns, then trading will become more understandable...

For profitable trading, it is also important to be able and willing to learn from your mistakes. They show us where and why we had unsuccessful trades, what led to this (bad trading strategy or our emotions and undisciplined actions). This is the only way to gradually improve your skills and...

Yes, we always take a lot of risks when we don't have psychological balance. Many beginners often want to earn more in a short time, quickly and now compensate for their losses, they do not have the patience to wait for all the conditions for a good and profitable entry into the market, they...

Emotions can ruin any trading strategy, even the best one. Therefore, we need to be disciplined and trade only according to the rules of our trading plan, no matter how much we want, for example, to quickly recover losses or earn more money by violating risks. The market will always give us the...

I completely agree with you. Trading results are also greatly influenced by the psychological component, which can interfere with making the right decisions due to haste and greed. Only self-control in your actions and discipline will help you avoid this negative factor in trading.

First of all, you need to create your own trading strategy, which will show when you can and should trade, and when you need to wait in a disciplined manner for signals to enter the market. But you also need a broker that will provide fast execution, minimal spreads and timely withdrawal of...

Gaps mainly occur on Monday at the opening of the day or when major news is published. But who is stopping you from closing all your transactions on Friday so that this possible gap does not give you a loss and monitoring the economic calendar, which indicates the time of release of such news...

The most difficult thing is to learn to analyze the market in order to be able to enter the market correctly and exit it on time. To do this, you need to create your own trading strategy and trade only according to its rules and conditions.