Everything will become better with time. Patience is required, therefore, practice on a demo account until you gain knowledge to trade on a live account. Then start trading on a live account with the least amount possible you can afford to lose. With time (only if your efforts are quality...
Yes, low initial deposit is definitely a key feature, but I’d consider a few other things as well like spreads and commission. That way I found AAAFx to be a good option to use, besides having a low deposit requirement of $10, they offer low spreads & commission. Always better to cover all the...
Hi there, welcome to the forum. Glad to have you part of our small community. Feel free to share any doubts you may have. Hope you achieve success and learn. Good luck!
Forex trading is a risky endeavour, so it's best to have a solid sense of self control and a foundational understanding of the market. You must understand the market, how prices fluctuate, and any recent news or data that might influence your trades. You learn and develop on a daily basis, and...
When trading forex it is crucial to educate yourself first. 100$ is a good start for beginners. You can trade with more money once you have gained experience and feel like you are consistently making money.
Focus on budgeting, creating a risk to reward ratio and placing stop loss. Risk is going to be present during the process at all times. The only thing that matters is how traders minimise loss and increase gains. Demo trading can help boost confidence to increase motivation so that they can...
There are so many options nowadays that it can get confusing for traders to pick one but Fx trading is worth it and should be considered. Yes, the market is prone to risk but there are ways to lower it and make subtle moves. Hence, start by learning about it through research and practice and in...
Hi there, welcome to the forum. It’s been a few months, how is it going so far? If you're facing any trouble in understanding anything, do share your concerns. Everyone is helpful here. Wishing you all the best and lots of patience to reach your goals.
Carry trading is based on the idea that you should borrow one asset to buy another. You will continue to be in a lucrative position as long as the interest rate on an asset you borrow is lower than the interest rate on an asset you purchase. However, the value of either currency could vary and...
Hi there! There are many good forex courses available online. But I’ll recommend to you the Babypips course - School of Pipsology. It is a highly detailed, structured course, explained in a beautiful manner that will help you learn. You need to be consistent with your studies so that you finish...
Appropriate stop losses, entry and exit points, and risk-to-reward ratio must be there in the mind of a trader in a clear way; otherwise, there is no chance of profitability. A trader must know how to read charts and make decisions accordingly. That is crucial for everyone to learn in order to...
Traders ignore knowledge, risk management, and emotional control and end up losing in the forex market. Knowledge is the most crucial of them all because it is the knowledge that makes traders learn about the importance of risk management and emotional control and how to use them. Without risk...
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