Recent content by Idealism

Good overview. Prop firms can be a solid way to scale, but the edge is really surviving the rules, not just passing the challenge. I’ve seen traders do well with firms like FTMO and The Funded Trader, and lately I’ve also heard some decent feedback on Hola Prime. The big thing I look at is how...

If you’re a beginner, it might be best to keep it simple and start with a major like EURUSD. Spreads are usually tighter and liquidity is strong, so you can focus on a straightforward strategy and risk management instead of dealing with wild swings.

True, keeping a journal helps a lot, but it is best to keep it simple so you stay consistent. I log the setup, the risk I took, whether I followed my plan, and a quick note on what I was thinking, then review it weekly. That is usually enough to spot the leaks without overcomplicating it.

Sounds like a solid plan. I would keep it very clear and simple up front: target industry, typical deal size, your role, and what you expect from a coinvestor. Also, I would be careful sharing deal specifics with strangers online. Slow and steady always wins the race with this stuff.

Early approval can help with credibility, but it isn’t a magic stamp. It comes with real time, cost, and ongoing compliance work, so it usually only makes sense if you’re actually doing a VARA regulated activity or planning to operate out of Dubai. What kind of project is it, and are you aiming...

If you’re keeping it simple, that’s usually best. TradingView for clean levels, Forex Factory calendar so news doesn’t catch you off guard, and a basic journal spreadsheet to track what actually works. I only add tools when they solve a specific problem, otherwise it becomes information overload.

Forex is a primary source of income for a lot of experienced traders. Making money is indeed possible but that requires high level market expertise and knowledge. If part-time trading is going well and you are making consistent profits then you can switch to full-time trading.

Numerous courses are offered online, both for a fee and for no charge. At first, you should only select free courses; if those are insufficient for your learning needs, you can then select paid courses.

If you're just starting out, it might be best to stick with straightforward strategies. Incorporating too many technical indicators into a strategy is a common beginner mistake that leads to signal conflict and information overload. As you trade and gain experience, you can always make...

True! The first rule of forex trading is “focus on protecting your trading capital before focusing on making profits.”

Thank you! Insightful post. Greed can be a blunder and can lead to reducing the quality of the trade while increasing the position size or number of trades.

I encounter the emotion of anxiety mostly when I do forex trading. Although I am working on myself to improve this emotion.

Forums are the most important place for a trader! A forex forum is a place where traders can share their ideas, insights and experiences with other traders. It is also a great place to learn from other traders.

Forex can seem complicated to newcomers or those who don’t know about it. But with years of consistent trading, it becomes simple. You start loving forex and its challenges, rather than stressing over it as a newbie. But for this you have to stay consistent with your strategy over a long period...

I do not think relying on others is a good opinion. I myself have self-studied to learn about forex trading. Waiting for a ‘mentor’ to teach you, especially if you do not know a professional trader through real life connections, can easily put a naive person in danger of online forex scammers...