Recent content by Heartsome

Thank you for this post! This was very informative and is great for new traders to get the basic gist of the market. Aside from that, it's great as a post for older traders who want to relearn the trade. Good job writing it

Hello swillsigner! Welcome to the community!

Welcome to the community! We share forex tips and tricks and celebrate our wins here. Hope to see you write about your success soon. Happy Trading!

So, from what I can see, you were trying to hedge, and that didn’t end up working out, causing you to lose more money than you gained. You did improperly, and can use this as a learning opportunity for next time round!

This works great for many traders as they get a chance to enhance their gains by adding interest gains to them. It increases manifold when you are using leverage as the interest paid by your broker is on the leveraged amount.

Thanks for these inspiring stories! Trading is so draining and knowing that people have been doing great with it acts as a fuel.

Out of all these, I believe trend trading is the best one to go with. With the price action strategy, it becomes quite easier to identify the trend. When there are high highs and higher lows, it’s an uptrend and when there are lower highs and lower lows, it’s a downtrend.

Forex scalping is a trading strategy used by traders to make money from small price fluctuations throughout the day. If you are a scalper, you will be making several trades per day. This is one of the most profitable and the toughest strategies to make money from.

Very true. The best way to ensure that you aren’t gambling with your money is by learning what forex really and truly is.

Some quick and effective tips to avoid loss in forex trading. 1. Firstly, Learn the Basics of Trading and Investing. 2. Practice on a free demo account. 3. It is very important to find a Reputable Forex Broker. 4. Do Your Homework before investing. 5. If you're new in forex trading, start...

Position size is the amount of units you use to trade . Position size may differ for everyone depending on their expectation, preferences and trading approach.

Very well explained in a very comprehensive manner. Really helpful to get an overview of drawdown.

Chart analysis is very crucial to not only make profits but also to protect your money.

Forex trading is as risky as other markets. But if you dedicate enough time to read the market and trade cautiously with all efforts, it can be highly profitable for you.

It may not be profitable initially. In your initial phase you must focus on learning.