Recent content by Christopher Hanson

Thank you for the great article. Indicators aren’t that great of a help if a trader does not know how to analyse price action charts. That is why indicators shouldn’t be a prime source on which traders solely realise on.

Trading using borrowed money to increase the market exposure is a form of leverage. The foreign exchange market offers a great leverage to increase the potential profits. But as the market exposure is increased the risk of losing also increases. Traders should use optimal amounts of leverage...

It’s been seven months since I started using Zulutrade. Before that I tried my hands on manual trading but it didn’t work out the way I expected.

Hi, glad to be part of this thread. Keep the positive thoughts flowing guys!

Hi, scalping is fun. I hope you achieved your goal. Wishing you patience and wit to face every situation with faith and honesty.

I second that! PAMM accounts are good if you want to make money from trading without being actively involved in it but copy trading has an added benefit. It can really help in learning. Based on my experience on zulutrade, I think copy trading can benefit new traders in a number of ways. You can...

I’d like to add one more point to OP’s list- use stop loss around 30 pips as a beginner. Then gradually when you become confident with your technical analysis and strategy after around a year, start manually changing the place of stop loss as per the situation.

Thank you for sharing accurate information in a well concise and structured manner. Learning about Pips is really important as it is the measuring unit of profits and losses. Traders calculate their expected risks and expected profits in terms of pips and make their trading decisions.

Use right risk management tools like stop-loss and limit orders. Other techniques you can apply to the trade to mitigate the risks are: - Know the risks involved. - Have a solid trading strategy. - Use a reliable forex broker. - diversify your portfolio.

Having a proper trading plan is very important. It will act as a guide throughout the trade. Stick strictly to your trading plan and do not let emotions or greed get in the way.

In a good forex forum, traders discuss their deals, techniques, and market circumstances. There are numerous forex forums on the internet, so it is critical to choose wisely. A reputable forex forum can help a rookie trader choose the appropriate trading route. In my opinion, joining forums is...

I’d say it's the most important tool in forex trading. Without a stop loss, your account may blow up and you’ll lose all of your money. We all make mistakes as traders no matter how experienced we are. However, risk management measures such as stop loss prevent mistakes that lead to losses. When...

Both theoretical and practical knowledge is equally important. The internet is the best resource for learning about forex trading. Here you can find a range of useful resources for learning new topics and improving your knowledge. You also need to practise trading on a demo account in order to...

Forex trading is initially quite challenging; it does require some research on the part of traders to become familiar with all of the underlying concepts and financial instruments. A trader can make money if they comprehend and research the market's fundamentals well. All of this might be...

So many people have started online businesses since the past three years now so it’s safe to say that there are many ideas brewing. Well, forex trading is also a great option, if traders figure how to lower risk on their trades, they can very much succeed.