Recent content by catherinacrowley

Copy trading can prove to be a good stepping stone for traders who are new to the market. You can use this opportunity to understand the functioning of trading strategies and one day create your own. But make sure you copy trade from genuine resources.

In my opinion getting a bonus is good as it increases your trading margin. Many brokers provide 100% deposit bonus to traders like; Coinexx (100% deposit bonus) JustForex (120% deposit bonus) Lqdfx (100% bonus) Trader’s way (100% bonus)

A bullish market tells that the buyers are winning. It leads to an uptrend. The reverse happens in a bearish market. There is a downtrend and bears or sellers are winning. You can identify bullish or bearish trends in the market by seeing the colour of candles. If the colour is red, it shows...

You can't turn off emotions. It's not a switch! But you can control it with a good set of trading rules, including the use of target profits and stop losses.

Hi. Welcome to the forum. Good luck with your trading journey.

As per my experience in the market, I can see that greed is a result of the lack of knowledge and experience. A trader who has been in the market for years would never be distracted by unwanted market situations and would always do what is needed in a certain situation and it's not greed for...

Scams are very common and traders get scammed because of lack of education. Stay away from fake groups and signal providers. Think twice before signing up for anything.

Thanks for sharing the guide. Although forex is a popular market, people still neglect the risks associated with the market. The need to know all the nuts and bolts before entering into the market.

Scalping can be a good trading strategy for beginners who are quick thinkers. It requires traders to have a strong exit strategy and good trading psychology because scalping can be overwhelming since you have to make quick decisions. .

Thanks for the elaboration! In my opinion, many new traders go with the perception of making money or being profitable. But forex trading is more about controlling risk. Once you know how to manage risk, money and results follow.

I believe it is more important to manage risks than focus on the profits. A trader should always calculate the risk even before calculating profit. It is important to ensure that even if you do not make profit, you also do not lose.

ECN brokers are always better, just have to ensure that the commission they charge is not too high, found coinexx good in this aspect, which ecn broker are you using?

Success is not defined by how many consistent profits one makes but it is determined by how many times you failed and still dared to stand and put in more effort. To be a successful trader you have to be mentally very strong in order to bear and yet ready to learn. This is what is called...

Leverage is the best way one can earn with a small amount. But a trader should also consider the risk rates that are involved. Newcomers should not use very high leverage as they might end up blowing up their accounts.

These are great tips for a beginner. I personally feel that being a beginner one should not focus on money, instead the focus should be on learning and understanding basic concepts of trading.