Recent content by Fin_Trader

Emotions can ruin any trading strategy, even the best one. Therefore, we need to be disciplined and trade only according to the rules of our trading plan, no matter how much we want, for example, to quickly recover losses or earn more money by violating risks. The market will always give us the...

I completely agree with you. Trading results are also greatly influenced by the psychological component, which can interfere with making the right decisions due to haste and greed. Only self-control in your actions and discipline will help you avoid this negative factor in trading.

First of all, you need to create your own trading strategy, which will show when you can and should trade, and when you need to wait in a disciplined manner for signals to enter the market. But you also need a broker that will provide fast execution, minimal spreads and timely withdrawal of...

Gaps mainly occur on Monday at the opening of the day or when major news is published. But who is stopping you from closing all your transactions on Friday so that this possible gap does not give you a loss and monitoring the economic calendar, which indicates the time of release of such news...

The most difficult thing is to learn to analyze the market in order to be able to enter the market correctly and exit it on time. To do this, you need to create your own trading strategy and trade only according to its rules and conditions.

Confidence in Forex can only be achieved when you have a profitable trading strategy. It is she who gives signals for trades and shows where and when to take profit, what lot to enter into trades and where to set stop losses. And if you trade with a reliable broker (I consider fxopen to be...

I completely agree with you. Moreover, you still need to find a real mentor with positive trading experience, and not choose a scammer who will take money from you, but will not teach you anything. Therefore, I think that you need to start learning how to trade and analyze the market yourself...

I trade with the broker FXOpen. I like its trading conditions, low spreads (for example, for the EURUSD pair the spread is 0.02-0.03, I have seen a zero spread in TickTrader more than once), ultra-fast execution through our wide range of liquidity providers, this company operates on the market...

For scalping, you need a good broker who will give you the opportunity to trade profitably in this way, ensuring minimal spreads in transactions. Otherwise, such trading may be unprofitable. I mainly trade the EURUSD pair for intraday trading because my broker fxopen has one of the lowest...

If there were no losers, there would be no winning traders. In order to be able to buy something on the market, there must be those who sell. But you need to be able to find traces of large market participants who buy large volumes and move the market. Therefore, there will always be losers and...

Yes, keeping a trading journal allows you to make more informed decisions based on past mistakes. In this way, your trading strategy is gradually improved and optimized and becomes more profitable.

In any business or project there will be a fear of losses when you are new to it. You don't know anything yet, so there is fear and uncertainty. Only experience can overcome this fear. Therefore, you need to study and practice, learn from your mistakes and gradually improve your trading strategy.

I would add that we need to set stop losses, because the market does not always do as we planned. And only from the size of this stop loss you need to calculate the lot size in the transaction in order to follow risk control.

A phobia or fear can appear when a beginner does not yet know how to trade and analyze the market and receives constant losses. Therefore, you need to learn to analyze the market and create your own trading strategy. And when a trader has such a strategy and he controls the risks in...

I never liked trading cross pairs. There are more chaotic movements compared to major pairs, very frequent knocking out of stop losses due to greater volatility and much larger spreads, which is not profitable when trading. That's why I trade the major currency pairs with my broker FXOpen, which...