Trading in the Fx market can be both simple and complicated in parts. Traders need to prepare for suffering loss because it will occur. They should plan and calculate a risk reward ratio to focus on winning. The approach and behaviour with which the trader enters the market is what matters and...
Forex scalping is a popular trading strategy that involves taking small, frequent profits on short-term price movements. While the potential rewards of scalping are attractive, the strategy is not without its risks. Making scalping easy requires a disciplined approach and the ability to take...
As far as I know the difference between automated signals and copy trading is that signals are generated by EA or a software based on coded algorithms but when you copy trade on Zulutrade or eToro, you replicate the same trades that the strategy provider is executing on his own account.
When it comes to forex trading, one of the most important things that beginners need to understand is the concept of trend indicators. Simply put, trend indicators are tools that help traders measure the volume of a given market. By using trend indicators, traders can get a better sense of where...
It is impossible without adopting the mentality of a trader. The mindset of a trader can assist you in controlling these feelings, allowing you to become a more successful trader.
It will take experience and zeal to do something extraordinary in the forex market. Make proper use of demo accounts and micro accounts before you start taking big risks.
Stop loss is not less than any protection you have against the sudden market turns. It may act as a hurdle in some situations but in most of them, it will act as a saviour.
You can avoid being greedy by using your knowledge and market understanding. When you understand the market, you can predict what actions will produce what outcomes.
Joining a forex forum will only prove to be beneficial for the trader in the long term as interacting with fellow traders will increase confidence and motivate them to strive better. It helps understand the market sentiment from different viewpoints and builds their network.
Beginners, the first thing to do is to know the reality of the market and set your expectations accordingly. If you don’t make the right moves, you will lose your money because it’s not going to be easy in any way.
These fraudsters are such a bother. You will find them at every step of your trading career. It comes as a challenge for you to identify them and stay away from them. So, just get your basics done so that no lucrative deals take your focus away.
I understand that this hype around forex trading drives many new traders with no past experience in trading into this market. But a beginner must spend at least a year and a half studying about the forex market and practising in a demo account. The forex market is so volatile and...
Thank you for this informative post, it will definitely help beginners. Because drawdown is an important concept. Drawdown helps to calculate the trader’s own account volatility and helps to predict what shall be the account's drop in balance after a losing streak.
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