Recent content by Modulus

Based on my personal experience, being patient and disciplined is the most crucial thing. Your ability to grow as a trader can be hampered by emotional and impulsive trading. Therefore, you must enter the forex market with a defined trading strategy and adhere to it strictly. Always use logic to...

If we want to be successful traders, we must develop self control and emotional restraint because greed or fear both are commonly experienced. All traders should put certain techniques into practice, such as keeping a trading journal, practising stop losses, having risk management strategies...

To trade currency pairs successfully, forex traders employ a variety of strategies. Although there are many different approaches one can take, there are a few that you should go with. To avoid experiencing too much difficulty, it is crucial to match the strategy you choose to your unique trading...

One of the best businesses to get into is forex trading. Unless and until you treat forex like a business, you won’t be able to trade profitably. You will have to study the market, study the assets, make a trading plan, take leverage, have good risk management, and kick out your emotions. The...

This is a well defined, short introduction about the forex market. But if you are a beginner, you’ll need much more knowledge than this. Don’t commit the mistake of thinking forex trading is easy as all you have to do is buy low and sell high. You need to have a strong knowledge of technical...

Learning takes time and patience. With time, you will become a better trader than you are today. With practice, everything will get better. Practice on a demo account until a strategy finally works for you, and trade with the least amount possible. Backtest and forward test until you get results.

A successful trader knows when to enter and exit a forex trade. Without knowing that, trading isn’t easy, and it ultimately results in failure. A successful trader is skilled at this.

Although there are many paid and free courses available, you should go with the one that covers the most information. However, looking for a free course will provide you a foundation and familiarise you with the market and you can decide whether to start trading or not.

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Greed is a natural human emotion. If you are a trader, you should be aware of the dangers of incorporating greed or other emotions into your trading. It is advised to adopt a trader's mindset and learn to control one's emotions. This will guarantee a profitable and prosperous trading career.

Forex trading is a high-risk venture. It is the nature of the business and cannot be changed. However, risk management can assist traders by lowering the risk factors of trading. It is an essential skill for becoming a successful trader in the market.

A forex forum is an active trading community for getting knowledge, motivation, support, and news regarding trading. I really feel every trader should join forums because they broaden your way of understanding about the market. You get updated about recent happenings and also get tips from...

Forex trading is simple, but making a consistent profit is difficult. That’s because volatility is high and there are risks of losing money. Practise risk management well and always follow your plan to minimise risk.

You certainly have the ability to do so. However, it is also dependent on your level of knowledge and expertise. Full-time trading is difficult and risky for a beginner. But as your experience grows, you can start to seriously consider going into the market full-time. It will be much easier than...

The majority of traders lose money in the market due to a lack of knowledge and a poor risk management system. As a new trader, you may find yourself in a difficult position as you try to balance the need to make money with the need to minimise risk.