Recent content by Blockhead

You will have to work quite a lot on yourself to control strong emotions like greed. It takes time to know the impact of wrong decision-making but once you know that you have been opening baseless trades, you better build a plan and follow it.

Keeping our drawdown in limit is very important in forex. One tip which I can give to reduce drawdown is trading with pairs that aren’t correlated. I know that trading with correlated pairs is a popular strategy in forex. But that also increases the amount of losses especially if you choose...

I totally agree with the point that we should stop trading after 2 consecutive losses or wins. But it may be difficult to put that into practice for scalpers or day traders. So, my advice to fellow day traders is to not let the win or loss get to your head. Trade with a conscious and focussed mind.

In forex trading, a stop-loss is one of the most powerful risk control strategies. Using it during a trade will help you prevent larger losses. I never trade without a stop-loss order in place.

Even I wanted to try platforms other than MT4/MT5, so I’m checking out acttrader on fxview. Looks good so far, plenty of customizable features.

Margin call should be taken as a signal from your broker that your minimum deposit amount requirement is not enough. Margin call should not be ignored if you do not want to face heavy losses.

This post will be a useful guide for beginners to understand breakout strategy. Even though the strategy is popular and profitable, many traders lose their money because they are unable to properly execute breakout strategies. False breakouts often lead to losses if a trader fails to identify...

There is no doubt in the fact that forex trading is a profitable venture for those who have market knowledge and trading skills. A beginner can enter the forex market and get successful too. All they need to do is learn and prepare well before getting started. Just be mindful of the risks and...

As you may already be aware, scammers will go to great lengths to convince their victims, which makes it difficult to spot them in the act. Therefore, you should not blindly believe in anything and everything. Carry out your own investigations and educate yourself to a sufficient level in order...

I think having a good understanding about trends and indicators is crucial for traders in forex. In order to take profitable trading decisions a trader must be familiar with these terms and techniques. The post is very informative and can be used as a guide by beginners. Thank you for sharing...

I’d recommend these brokers, especially for beginners - fxview, avatrade, xtb, icmarkets and xm. They all have low min deposit requirements and good trading conditions.

I think nothing is impossible if you put your mind into it. Also all of the experienced and successful forex traders that we see today were also beginners in the past. They reached their goals with sheer determination and hard work. And if we can promise ourselves to put in that much time and...

This was a very detailed and informative read. Individuals who are just starting out must stay focused and be able to learn from their mistakes while keeping cool. The most successful traders are strong minded and open to adapt as the market continues to shift.

Hello, welcome to the forum. Looking forward to reading all about your experience as an experienced trader. Wishing you good luck!

In hedging risk and rewards often become proportional to each other and maybe this is why you were losing money.