Recent content by HoboSociety

All the points are correct and I must say everything is written very neatly. To stop trading excessively, one must first have a control on their emotions such as greed. The forex market is ever-changing and no one can always predict it right. You have to be flexible in your strategy and always...

You will inevitably lose money when you trade forex, especially when you first start out. Though, you can reduce your losses by using risk management and stop loss. Although it is typical to lose money in the market, this does not give you licence to handle your money carelessly. Be cautious...

Copy trading is actually one of the easiest ways to trade because it doesn’t require a broad understanding of market concepts and intricacies but you can still optimise your profits by following expert’s trading decisions. I won’t deny that there are risks associated with copy trading, but...

Hi. Make sure you don’t risk money until you have a full understanding of the functioning of the market. Research and consistency will determine your success. Best of luck.

Hey, welcome aboard! Are you demo trading or live trading? How is this turning out for you?

Hey, how’s it going? Are you learning effectively?

I’d say it’s a shield used to cap losses on a deal. It automatically terminates a losing position when the price reaches a certain threshold. Forex markets can be quite dangerous if not properly protected. Using stop loss and limit orders can now help protect our capital

That’ll depend on you. If you are consistently making money from trading and earning a respectable income then you might pursue forex as a full-time career. If the income is not steady then you should continue to rely on an active source of income while trading part-time.

Greed can cause you to take too much risk, make impulsive decisions, and hold on to losing trades for too long. So how do you control greed while trading? Here are three tips: 1. Set realistic profit targets. 2. Use stop-loss orders. 3. Take breaks from trading.

The right people can teach you the right lessons. Any good forum will help you in building your trading skills and the good thing is you can ask any question there and learn daily.

When it comes to trading, emotions are a big part of the equation. Here are three of the most common emotions you’ll experience while trading: 1) Excitement: When you make a successful trade and see your profits grow quickly, you may feel like celebrating – which can help boost your confidence...

Forex trading is a popular way to make money, but it's not for everyone. Before you start forex trading, be sure to understand the risks involved. Before you start forex trading, be sure to understand how it works and what risks are involved. Make sure you have enough money saved up so that if...

The best way to learn forex trading is to practice. When you practice in the market, you get a taste of what it's like to be a real trader. It enables you to gain a thorough understanding of forex trading.

This is extremely beneficial to new traders. Thank you for sharing. Tight spreads determine the liquidity of the currency pairs which means ease to buy or sell the currency pair.

Forex demands attention and time. At first, everyone finds the Forex market complex, but after you study the market and get familiar with the trends, you have a better hold of it. In nutshell, Forex becomes simpler for you as you expand your learning horizon.