Recent content by Jaculation

Traders use stop losses to automatically close trades in order to prevent losses brought on by the market's volatility. Your trade will automatically close and stop further losses if you reach the loss threshold. Every forex trader must use this tool. It lets you know when your analysis is...

When I first began trading forex, I was overcome with a variety of emotions, such as greed, fear, hope, stress, anger, revenge, frustration, and anxiety, which not only interfered with my regular day-to-day trading but also negatively impacted my life too. This is why I practised, worked hard...

Trading is like any other job. So, why can’t it be full-time? Many traders live from trading. But as a newcomer, you should test the waters and trade only part-time. Based on their experience and exposure, they should make a decision afterwards.

Hello! Welcome to this forum. Hope you have a great trading journey ahead!

Hello! Welcome to the forum. Don’t shy away from asking anything. And all the best for your trading future.

Hi! Welcome to the forum. Feel free to discuss trading. We would be happy to help you out. :)

Risk management is a way of keeping trading for a long time as you will be using your money in the best manner possible, you will have it for a long time.

It hurts to lose money and it feels good to make money. There is nothing you can do about your emotions. So, promise yourself that you will stick to your trading plan regardless of the results you have been getting to reduce the impact of your emotions on your trades.

I suggest exploring the market on your own terms. Before trading, you will always have some kind of notion about it. So, it’s better to find out what it is and how you can make the most of it.

It’s not going to be easy. Losses are common and unavoidable. So, your focus must be on not trading with anything that is beyond your risk appetite. Determine how much you can afford to lose and build your plan as per that.

There are many ways you can learn about forex trading. Youtube videos, free courses, paid courses, books, mentorship from a person you personally know trades forex, etc. The majority of us know about babypips’ school of pipsology. It’s a good course, and free too. Mostly, if you have access to...

Hi swillsigner. I hope we can get some useful information from you, you sound like an experienced trader. Hope you have a great day ahead!

As forex is popular globally, signal providers from all corners of the world target such people who want quick ‘financial nirvana’. And they target them with fraudulent schemes and dupe them of their hard earned money. The best way to avoid such scams, in my opinion, is by exploring the market...

As a beginner, feel free to explore the market without fear. Of course, it is sensible for you to use only the amount you can afford to lose. But you should not fear losing. As a beginner, you are just exploring the market. And without experimenting, you cannot gain or lose. Without gaining or...

Well written. Having a trading plan and rules which provide a structure for your trading is very important. Also, having a balanced, realistic view of profit potential and trading according to your rules and plan is crucial to keep greed away from your trading. Remember that emotions are harmful...