The spread is the difference between the ask and bid prices. You should always choose a broker with a low spread as it can lower the overall trading cost.
Hello dear, welcome to this amazing forum. I hope that you have a great time trading and learning. Profits will follow if you develop an understanding of the market.
I use only those indicators that are relevant to my trading. At the beginning of my trading journey, I decided to use seven indicators, and the strategy became horrible. I now use only three because I don't want to ruin my trading because of "stuffing" the indicators.
One should not trade until one becomes disciplined and consistent enough to trade forex. If one does so, one will lose. With experience, a trader will learn how to become profitable. Rushing the process will only delay the process and nothing else.
Many beginners want to make quick and easy money and become vulnerable to the attacks of scammers. They are not aware of the scams that are prevalent in the forex market and fall prey to cheap scams. Thank you for sharing this post to wake up such people so that they won't make similar mistakes.
Thank you for sharing the information here! Beginner traders must focus on developing a strategy and practising on a demo account until they see the results. They trade on a live account after learning without patience, which is why they lose quickly. If they understand the importance of a demo...
When you follow the right risk management, money management, and trading psychology rules, you will find that making money in the forex market is easy. But if you don't follow them seriously, forex trading will not be that easy to make profits.
Forex may seem easy because of those random ads on Instagram and YouTube, but it is not that easy. Without experience, there is no way of telling it to be easy or difficult. It is just the way it is, but to make it through the path toward profitability is difficult as it requires extreme...
I agree that fear and greed can be the main reason many traders lose money in the market and quit without understanding the market sentiment. The best way to control emotions and make wise choices, traders need to feed their brains with knowledge. It is the only way to go towards earning profit.
Hi, welcome to the forum. What advice are you looking for exactly? All you need to do is research and learn the market sentiment closely so you can trade with less mistakes. Good luck!
I believe pro traders are an expert in every aspect. They manage risks properly and do not get afraid during unfavourable times. They always work hard and are disciplined. They do not trade out of random assumption or let influence affect their trades.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.