Recent content by Pinnace

Demo trading is a great way to get familiar with the trading process and also to gain confidence to pull through. The live market teaches you how to deal with loss but entering the market without a plan is financial suicide. There are many free courses available online that you could refer to in...

Hi everyone, it’s been great to be part of this forum. I just wanted to check in with everyone. Do share any tips if you have any.

Welcome to the community. Please continue to share your knowledge and helpful posts.

With the number of traders rising in Nigeria or other African countries for that matter, it becomes crucial that traders have a good awareness about the kind of brokers to choose. Luckily, there are plenty of good ones available these days like aaafx, ic markets, xm, just to name a few. However...

You can only control risks by learning about risk management strategies and implementing them in your trading. This is one method for reducing them to some extent.

I would say these are some of the most popular trend indicators that most traders use. My favourites are MA and Parabolic SAR. Well, you explained it in such an easy and elaborative way. Thanks for the knowledge.

If you are a beginner, you can trade with enough learning and practice. Losses should not make you feel disappointed at any moment, as they will make you learn more than anything else.

Great tips! Especially the leverage one. I think leverage is a term that most traders misunderstand. Leverage helps traders open higher market positions, but it can also lead to heavy losses, so they should use leverage with caution. It’s important to use TP and SL while using leverage to ensure...

Greed results from impatience, which needs to be controlled, and the best way to do so is creating a strong trading plan that must include when you should enter and exit a trade. Creating a plan is half the job done, you need to strictly follow that plan and you’ll see that emotions such as...

While trading, it’s common to feel greedy or afraid depending upon the situation you are in. In extreme situations, you should never trade as it will lead you to trouble. Learn to practise emotional control by learning about it online. It is not that difficult to maintain emotions; with...

In my opinion, professional traders are those who are consistently making significant profits in the market and possess excellent skills and trading psychology.

The Forex market is the most popular trading market nowadays! Thanks for the post very nicely explaining what the forex market is about.

By joining forums you can gain knowledge from other traders who have been in similar situations before. It also helps to know what mistakes are being made by other traders and learn what worked for them. You can also ask for advice if you are confused about how to enter or exit a trade because...

Stop loss is an essential component of risk management. You will have one less thing to worry about when you trade with a stop loss in the right place. I have seen some traders promoting no stop loss trading strategies but I can never think of trading without a stop loss no matter what.

Hello and welcome to the forum. My advice to a beginner would be to prioritise risk management. It is an integral part of forex trading. It is good to see a sports trader moving to forex and I hope your experience in trading would benefit you in the forex market as well. All the best!