Recent content by Paramedian

Trading forex isn't as simple as it looks. As a beginner, you might find forex to be complex and difficult to trade and you might need to put in your energy into expanding your market expertise.

Hi there, most welcome to this forum! Your thoughts are much appreciated here. Good luck for future trades!

Hello, welcome to the forum! Looking forward to sharing experiences and learning new tips! Cheers!

Cryptocurrency is the most advanced form of currency yet devised. It is secure, private, anonymous, and decentralised. There are no banks, governments, or intermediaries involved in this transaction. But they can’t be referred to as the safest currency as the cryptocurrency market is highly...

You should keep one thing in mind that forex trading is not easy. Everyone wants a profitable strategy but they don’t want to accept a single loss. Majority of people change their strategy once they face a single losing trade, which is why they are never able to figure out which strategy is...

It is really important that you get some exposure and interact with other forex traders. This will calm down your anxiety as you can seek advice and feedback from fellow traders.

Stop losses are a must to limit your losses before they wipe out your capital. Stop losses should be placed with proper planning. There are some common mistakes that new traders make while they set stop losses. 1. Placing stops too tight leaving no room to breathe. 2. Placing stops too...

Agreed! Not every trader wants to use the maximum leverage offered by brokers. I’ll take my example, I don’t go beyond 1:200 whereas my broker, aaafx offers 1:500 leverage. I believe that brokers should offer dynamic leverage to cater to the different needs of traders.

Breakout is a popular trading strategy. Identify a key price level you expect the price to break through and buy or sell at that price. Breakout strategy is used when the market is near its recent high or low. When the price has broken through a support level, the breakout entry is an option for...

Scalping is not a simple trading strategy. To be able to use it, you need to have a lot of experience and a lot of knowledge. Scalping requires traders to have excellent technical skills and be quick at making trading decisions. It can be risky as sometimes when small losses go unnoticed, they...

I agree that for some traders, gambling and trading have a lot of similarities. But I believe that it is up to the trader to decide what he wants to do with his money. While gambling, you don’t need to learn at all to put your money at risk. But while trading, you will be required to do a lot of...

I don’t think I will be able to sum up my emotions that I go through while trading in words. There is happiness, sadness, frustration, anger, hope, fear, anxiety, contempt, and guilt that I have felt over the years of my trading. I try to control my emotions but in the end, I am a human and I...

"A fool and his money are easily parted." Famous saying, isn't it? The truth is, nothing is foolproof. So you need to manage it as much as you can. And implying risk management strategy is the only way to manage the risk.

These are some of the excellent tips posted. I used to believe I would make more if I traded more. But this greed psychology changed over time.

Your downfall can be attributed to your hedging strategy. Focus on what went wrong and correct it. You'll figure out a way to deal with it eventually.