Recent content by eleanorkim

Usually stick to demo testing and refining my entries and exits before going live, it really helps keep emotions in check.

Haven't tried it but from what I’ve seen having a strong strategy and good risk management still seems to matter most.

Just stat away from GBPJPY at first, it’s so volatile. Something like EURUSD is much more stable and easier to start with.

That was really thorough, thanks for sharing that.

Yeah, on a demo account, why not? But just for the first few days. After that, you really need to practice and learn, not just place trades blindly, start building your knowledge from the get-go.

Yeah, basically every long needs a short on the other side, but the long/short ratios can jump fast because of leverage, market order spikes, or exchanges matching big trades internally.

Yeah, all that stuff is important but at the end of the day, you really just have to figure out what works best for you and fits your strategy. Like some people swear by the news and use the interest rate decisions as a key part of their fundamental analysis but it just doesn’t really work for...

They jump in thinking they’ll make quick cash and when they lose, they try to get it back by trading more. They really just need to slow down before they burn themselves out and learn the hard way.

Many new traders fall into the trap of overleveraging, which can lead to major losses if the market moves against them. Without a clear plan, they tend to make impulsive decisions, often based on emotions like fear or greed. To avoid these pitfalls, it's essential to start with a solid risk...

While you don't have to take formal Forex education, it’s definitely helpful. Knowing how the market works can help you avoid costly mistakes if you're not familiar with it. That said, some things are best learned through hands-on experience, which is why demo accounts are a great way to...

Have you found any specific educational resources or sources of information outside of YouTube that you have found to be reliable and helpful in improving your trading knowledge and skills?

Have you ever experienced depositing in a scam broker?!

So you offer me not to solely rely on yt channels?!

To calculate the maximum lot size to avoid being stopped out before hitting your stop-loss, consider your risk percentage and account balance. Divide your risk amount by the product of the stop-loss distance (in pips) and the pip value to determine the maximum lot size.

To be successful, we need to be patient, persistent, and work hard.