Recent content by Amphibology

Risk management is crucial in trading. It’s essential to have a plan for mitigating potential losses and maximising profits. If you don’t take steps to manage your risk, you could end up losing money on your trades.

Welcome to the world of forex trading. Make sure you practise enough and take things slow.

Because their capitalization levels fall short of the size of the trades they execute, many forex traders lose money. Forex traders are forced to take on such a significant and fragile financial risk either because of greed or the possibility of controlling enormous sums of money with only a...

Trading and investing in cryptocurrencies is a fantastic possibility for anyone looking for a side gig to supplement their income. It's simple to start. However, life is not all unicorns and rainbows. Before starting to trade, you should educate yourself about cryptocurrencies, how to trade...

Agree! Apart from lack of knowledge and trading skills, many traders neglect the importance of using risk management strategies that lead to unnecessary losses.

A trading strategy must be created considering one's risk appetite, financial goals, preferred time-frame, and preferred frequency of the trades. Traders should not follow others trading strategies as what might be working for them, may not work for you.

Most of us have a hard time when it comes to managing our emotions while trading. And we often fail to do so which results in overtrading which is an after effect of greed only. Controlling your greed is the first step towards becoming a disciplined and professional trader.

Hi Lens and also hello to all other members on the forum. I am quite new to this forum and it feels good to be a part of such a welcoming community of traders. Wishing you all a successful journey ahead.

Hello dear. How’s the journey so far? Are you profitable?

I’d say Bitcoin is the best option for a beginner and a seasoned trader as well. Though, before trading blindly with either of the coins it is advised to do self-research. Just because you trade/invest in a particular coin that doesn’t mean you’re going to make money. To be profitable one needs...

There are three signs of a pro forex trader with keywords forex. These include having a strong understanding of the market, being able to read and react quickly to changing conditions, and having an effective risk management strategy.

When it came to trading, I always felt anxious. One of the most important things to do when Trading Forex is remain calm and collected while trading! If your emotions get in the way of making sound decisions, then you'll likely end up losing money rather than making profits.

Hello there. It's great to have you in our community. Continue to learn because that is the only way to earn money. Don't hunt for shortcuts because they frequently lead traders astray.

Experts believe that now is a good moment to enter the cryptocurrency market because prices are low, but only after assessing your risk tolerance and prioritising other elements of your money.

You can start with “school of pipsology” on babypips. It is quite helpful and a good course on basics of trading.