Recent content by Bumblebee

One of the most widely used strategies is this one. They involve identifying a crucial price level, anticipating a price break, and then purchasing or selling at that price to profit from the circumstance. Breakouts are typically employed when the market is already at a recent extreme high or...

One of the best risk-management strategies in forex trading is stop-loss. Using it can help you avoid suffering more losses during a trade. Without using a stop-loss, I never trade.

Forex trading is a good way to make money if you are willing to invest some time and efforts into learning what forex truly is. Those who have knowledge and skills surely have an edge and beginners need to work hard in order to catch up with them.

Thank you for explaining all these indicators so well. Indicators can be really helpful tools, especially for beginners to make profitable trading decisions. I personally think moving average and trend indicators are very reliable and accurate.

Scalping the forex market refers to making consistent small profits by entering and exiting trades several times a day. These small profits when aggregated makes a good profit in total. In scalping, you have to enter a trade after you have chosen a currency pair to trade with after analysing...

The first and the most prominent difference between the two is that - forex trading is a legalised trading as per the government, and the exchanges working as centres for currency exchange also come under the Central Bank of most countries. On the other hand, gambling is illegal in most parts of...

Thank you for this great explanation! In my personal experience, I never trusted carry trading without even trying it, I always believed that it would result in a decreased profit, or a loss, because trades shouldn’t be left open after the market closes for the weekends. This explanation changed...

It’s nothing unusual. This happens when ‘hedging’ is practised in forex trading. Moreover, forex is very volatile, so it might not always move as per your expectations and analysis.

Hello there! I would like to hear more about trading theories and ideas with the supply and demand zone because that is not so well known to me. Thankyou for your efforts, and I’ll definitely give you a follow on Youtube.

The idea behind using a cent account or micro account for that matter is to minimize the risk while gaining real trading experience. I too started trading with a micro lot with coinexx. Imo, it’s a good way to understand the market and its volatility but without losing big.

Hey! Welcome abroad! I hope we will get to know more about forex trading from you, especially looking forward to hearing some insider stories of personal experience and trade strategy ideas.

Emotions will always be there when you trade. It is better to learn how to control them. It’s not an easy task and takes time. I suggest all traders should read Trading in the Zone by Mark Douglas once. It is a good book on trading psychology.

Position sizing is fixing the right amount of units to buy/sell currency pairs. It tells traders how many lots they should buy for a trade.

The first criteria that decides how much you can make from forex trading is your skills. As long as you are continuously learning and upgrading your skills, you can expect to get good rewards.

Thanks for explaining it in such an easy manner. It will be really helpful for beginners to understand the thesis concept better.