Recent content by Monique Rich

Carry trading can be helpful for beginners and expert traders as well. Keep sharing. Thanks a lot.

If you notice your drawdown is too close to the marginal limit, it is high time to apply risk management and money management, in order to save your account from blowing up. Execute only one to two trades in a day, and strictly adhere to the 2% trading rule. These 2 will significantly help you...

Factors I considered while picking coinexx and lqdfx are tight spreads, fast execution of trades, and low commission. Overall, I am happy.

This was a good read, thank you for posting this, I hope it becomes useful for beginners. But one thing the OP forgot to mention is how to avoid false breakouts. When you are observing the price patterns and you notice parabolic movements, it does not mean that all parabolic movements are...

Money can be made from any amount of money, but only if you are experienced and skilled.You need to have a trading plan and a strategy. With a little trading account and no expertise or experience, the best approach to get started is to trade small positions while learning. As you develop...

Look for sources on the internet. If you're new to the foreign exchange market, take some time to study how it works. Understanding the different active trading times, market swings, and risk management measures will help you get started on the right foot. To learn more about forex trading, you...

Practising risk management keeps you safe from unwanted stress. You may not be able to stop losses from happening but you can keep your future trades safe with proper risk management.

I don’t think you will be able to learn much about trading and how emotions impact it until you make a few live trades. Consider taking a few risks in the market and see how it feels to trade and take risks after you have already made a loss.

It’s not mandatory to use stop loss but if you do, you will be able to protect your money from unnecessary losses. And I believe it’s better to lose something that you can afford to lose than to lose something that is beyond your appetite.

You won’t come up with a profitable trading strategy out of thin air. You will have to go through the market and obtain some experience to build your strategy. Be ready for some losses as well.

A lot of frauds have been happening in the forex market in the name of gurus. They will tell you all the good things about the forex market and won’t really tell you what it is in reality. This often leads to unnecessary losses that new traders can’t handle. You better learn to control your...

Never follow a herd mentality. Something that works for another trader might not work for you and what works for you may not work for some other trader. Learn to be an alone player in your game who has an army to defeat.

Frauds are doing an amazing job at alluring new traders. Traders need to be careful about what they do and how they do it in the forex market. A deal that seems cheap and easy will surely land you in trouble. Learn to filter out your options.

It's not a job where you just need to join and you will get paid for your work. I don’t see forex trading as a good way of making money for beginners. You won’t do well at it until you know what it is, which will probably take a lot of time and experience.

Hello and welcome to the forum. Trading forex requires a solid psychological trading foundation as well as a thorough grasp of market price action. To succeed in forex trading, you must be patient and disciplined. Learn well and practise a lot. Good Luck.