Recent content by Herisson

Surely, Forex trading can be and is a full-time job for many traders. But before you consider doing it full-time, you must be really good at it part-time. One immature decision can ruin your career.

I think a beginner should stick to using 2 or 3 simple indicators so that they don’t get confused. Advanced indicators are useful but they may seem complicated to an average beginner. One of my favourite indicators is RSI because it is quite simple yet very helpful to spot good trade setups. The...

As a scalper, my requirements were tight spreads and fast trade execution speed, so I went ahead with fxview. Their low commission of $2/rt also suited my requirements.

I think the forex market can beat any other market when it comes to liquidity. Also the market is functional 24 hours a day for week days and we can choose to trade during any major session as per our convenience. But the volatility also results in risk and it is important that you spend enough...

Greed is the most experienced emotion among traders. Who says no to more money, anyway? However, if not controlled, this could cause problems in the future. Hence, traders should understand them and devise rules that could help them in controlling emotions.

If you are new and want to be on the safe side, then Bitcoin should be on the top of the list. It’s very low but we can expect it to rise in the future. So, you can hold. Other than that, I think Etherum and Cardano are good to invest in.

These are some great points needed to be read by many beginners. Understanding the power of greed that overtake normal decisions and make you suffer loss. Hence, follow a budgeted plan, stick to it and try to make it work out. Only through discipline and patience can profit be earned.

Hi, welcome to the forum! You can find many courses available online if that’s what you're looking for but if you're just starting out in the market, you have to have a strong foundation before you begin. Hence, start by research and analysing the market sentiment. Later on, you could do a...

I think a beginner should always keep their strategy simple and easy to follow rather than making it complicated. Your strategy is like your route map which guides you throughout your trading journey. So, making it complex would only make you confused and lost while trading. You can switch and...

I think the most common type of scam in the forex market is related to signals. Most signal providers turn out to be scammers and it is better for us to avoid relying on trade signals. The victims of the pyramid scheme scam are mostly beginners who lack any know-how and just want to make quick...

Hi, most welcome to be part of this forum! What are you hoping to achieve in your journey? Be patient and learn first. Cheers!

Joining a good forum can be quite beneficial actually. Interacting with fellow newbies can lower stress and open newbies mind’s to accepting that it is normal to freak out the first time. It’ll boost confidence and help the newbie in ways they won’t even realise at first. Brainstorming and...

Stop loss is a must as many beginners lack the understanding of market conditions and are still figuring their way around the marketplace. They need to focus on minimising risk as much as possible to stick in the market longer than most. By placing stop loss, newbies can save their capital to an...

Hello, welcome to the forum! Please give some tips for the newbies here. It would be very helpful. Thank you

Hello and welcome to the forum. It will be great if you can share about your experience as a scalper. It is a tricky strategy and requires great timing and many new traders will be curious to know about it.