Hi, nice to have such an experienced trader part of this forum. Do share your views and ideas on how to approach the market smartly. Good luck and thanks.
I don’t think any expert can tell you the perfect strategy that will work for you. They can only give suggestions based on their experience. But your profitability and success would depend upon your knowledge and skills in the end. So focus on learning and developing your skills so that you can...
I have never come across anyone who found success in forex by relying on trade signals. It is better to take up trades based on market analysis only. You can use some reliable indicators but even they don’t guarantee profits in every situation.
Being a self-taught forex trader myself, I believe the best way to learn forex trading is through self study. You should at least try learning by yourself before going to an expert or coach. Most beginners are able to learn on their own if they take efforts in the right direction. Demo trading...
Swap free accounts are helpful in avoiding swap charges, many good regulated brokers offer such accounts - fxview, ic markets, fxtm. Position traders would prefer such accounts where they don’t have to pay roll over fees.
Thank you for the insightful post about carry trading. Like OP said USD/JPY is one of the most preferred currency pairs for carry trading as they have the largest swap size. I would like to add USD/CHF as well. Also AUD/JPY was considered the best pair for carry trading in the past but now it is...
Really informative post! Starting an online business has become very easy and affordable. And a person can choose a business of interest like, I trade forex.
False breakouts may happen while considering breakout strategy. For this reason, I wait until the price retraces back to the original breakout level, and then I wait to see if it bounces back to create a new high or low.
A few live trades can teach more than you will ever learn from merely reading. You will never understand the pain and sorrow of losing your money until you do. So, better take a few chances and see what happens when you win and lose money.
You may not stop losses from taking place but you can definitely keep yourself safe from unwanted losses with risk management. When you are not using anything more than your affordability to trade, you are paving a way for yourself to keep moving forward.
Hello, there! You can learn from websites like Babypips and Investopedia. For news, you can follow websites like Bloomberg. You can read books too. To clear your doubts, you can choose to post them on forums like this one.
Thank you for sharing this informative post! Many traders use two or three indicators to know what the situation is like. I like to use pivot points with VWAP as my combination.
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