Recent content by jacquelynwhite

These are useful tips for any trader who does not want to lose money in forex trading. Risk management tools are one of the most essential parts of trading to avoid incurring hefty losses. However, you can follow all the tips as per your trading style, needs, and risk appetite.

Selecting the right broker is a must for a trader's success. I prefer to go by brokers who have a good reputation and can fulfill all my trading needs. That is why I chose coinexx which is low-cost and at the same time, has excellent customer service.

Pro traders have years of experience, and you can identify them by their portfolio. Pro traders can control their emotions and tame greed while trading. They know exactly when to enter the market and when to take an exit. They use back-tested trading strategies and thoroughly analyze price...

First of all, the comparison is itself wrong. Gambling is done on mere luck, whereas to trade in forex you need knowledge, patience, understanding of the market and an eagle eye on economics plus international news. To start forex trading, you need to prepare yourself beforehand, whereas...

Yes, EUR/TRY wil continue the bullish trend. Depending on the forecasts, long-term growth is anticipated.

Very nicely written, all the techniques. I personally like the moving average because it helps me evaluate my strategy as per the day's movement at different periods of time.

It is truly the largest financial market in the world, and that is why it is highly liquid and often witnesses a daily turnover of trillions of dollars.

Overtrading is also a violation of the risk management strategy set by individual traders. A trader should always always know how much risk he can take. Once he has reached the limit, to continue trading is to do so unsoundly.

This is the best detailed explanation I've read about stop loss. Stop loss is among crucial risk management tools that every trader needs to apply, otherwise a trader can lose all his profits in the snap of a finger.

The best thing about forex is that you can learn at your own pace, work at your own pace and be answerable to none other than yourself. If you stay consistent and become successful, no other business can yield higher rewards than forex.

These are really great tips and must be followed, because in the end you can blame anything or anybody for your loss but it's only you who has to bear it. It's preferable to keep learning and evolving yourself as per the market conditions.

Coinexx is good.

I’m more of a technical analyst so I like the price action strategy. It’s simple and effective. I can make subjective trading decisions based on recent price movements.

That’s great but I think you missed out on the very foundation of the process of starting forex trading, i.e, right education. Start your trading process with gathering as much knowledge as you can. A period of theoretical knowledge before practical knowledge is what makes a trader market ready.

Intelligently explained all the points that are needed for successful trading. For me, it's always sticking to my trading strategy that works most of the time. But with that, I think adaptability is also necessary. What if your plans are against the market? So you need to make some changes to...