Recent content by Muricide

welcome to the community. It is best to learn from your fellow traders. You can share your knowledge and ask questions if you have any.

Forex trading is difficult. However, it is possible to simplify the process by learning and improving one's knowledge and understanding of the market.

Fear and greed are the most common emotions that traders experience during the trading process. Traders need to learn how to deal with their emotions in a calm manner so they can carry out the process in ease and without suffering much loss. Irrational decisions lead to quick judgement, which...

Many traders out there who start with part time, gain experience and then switch to full time trading. Although, traders need to find a consistent strategy that brings in profit and only then is it practical to switch to trading full time. With the right risk management techniques, it is...

Leverage is an important part of forex trading and I think it'll be difficult to trade without using leverage. How much leverage you should use depends upon your skill level, but make sure to choose a broker that allows you to choose the leverage you’re comfortable using. Like, I’m using 100x...

I think starting small would be an ideal approach for a beginner. But the chance of your account blowing up would be more when trading with a small capital. That is why risk management is something that we cannot overlook. Risking anything more than 2% of your capital would lead to huge losses...

This is such a relevant post. And like OP mentioned it is important to consider the market condition when you think of carry trading. If a beginner is interested in carry trading then they should be willing to stay in the trade as long as possible to make the most out of interest rate...

I totally agree! Traders can also prefer to join forex forums. Forex forums are a great place to get started because you can ask questions and get advice from experienced traders.

Hi, welcome to the forum, wish you all the luck and patience you may need for the journey ahead!

AAAFx, XM, and FXTM are my recommended brokers, they all have a low minimum deposit requirement of $10 and less, plus they’re regulated.

Forex trading is also a great way to make money if you understand the skill and knowledge needed to reach that goal. I’ve been trading for two years now and I must say it was challenging at first, but gets better with time. This was a great article! Cheers!

Beginners need to focus on creating a plan, following it, picking the right opportunity and using their analytical skill to judge the market and time their trade accordingly. Patience is a skill learnt over time through mistakes. As long as they focus on making the right moves at the right time...

Placing stop loss not only helps beginners minimise losses, but it gives them time to understand and learn the market from a better perspective. It is effective and a great way to manage risk.

It is very helpful to develop a sense of belonging that comes from being a part of a community that shares similar interests and goals. A good trader’s forum is very much needed to learn and seek advice from experienced traders. We can also grow a lot as we share our own trading experience and...

Greed is surely something to watch out for as a forex trader. Sometimes greed is unconscious and we don’t realise that we are being greedy until we encounter continuous losses. Having a well-defined strategy and sticking to the same with a disciplined approach can help us a lot to overcome...