Recent content by Riffraff

Retail traders' deadliest foes are greed and fear. These illogical desires may be increased further by inadequate trading knowledge and capital. People who have little money to sell often imagine becoming wealthy quickly. Because they cannot afford to lose their money, they wind up taking...

In simple words, the spread is the difference between the ask price and the bid price. The concept of tight spreads is crucial for traders especially for scalpers and day traders.

Coinexx and cryptorocket are good to use - both support a wide range of instruments including cryptos, stock indices, metals, and oil. So, yeah, overall trading conditions are good from my side. What exactly are you looking to trade?

One can trade forex full-time or part-time as one sees fit. Both trading methods are profitable. Thank you for taking the time to share this lengthy post. Excellent.

Forex is definitely not a simple thing to do. It comes with lots of challenges and surprises. And the only way to succeed in Forex is to get familiar with the market fluctuations. And you can make it simple to you only through learning and planning things righly.

There are many ways to learn about forex and trading. You can read books, online blogs and watch YouTube tutorials too. You also get to learn a lot from forums like these as well. Demo trading is very much needed for practical learning. You will learn a lot more when you go live and get some...

Hello and welcome to the forum. My only advice for you is to take your time to learn and I am sure you will be able to learn a lot from the forum as well. Good luck!

Sure, forex can be a great way for beginners to make money only if they treat it the right way and approach the market with an open mind. Learning skills and knowledge is a huge part of trading in order to find success. Beginners need to have patience and maintain discipline towards their plan.

Welcome to the forum, Andrew! There are many courses available online but I suggest you learn through books and videos first. Self learning is a good way to grasp information quickly. Good luck for your journey ahead!

My funds are mostly processed in a couple of hours

I think a pro trader is someone who doesn’t follow any news or any indicator blindly. Someone who doesn’t enter any position to test his luck but only when he sees a high probability of making profits in a particular trade.

Coinexx can be a good option for scalping. Orders are executed quickly and commission is just $1/100k per side. As far as the leverage is concerned, you can use up to 1:500.

Trading with $100 and being consistent with the profits is a huge achievement for a trader. But the forex market isn’t so simple that it will let a trader who started with just $100 grow the money easily. Although it’s helpful to practice trading without risking a huge amount, in order to earn...

Understanding spreads is important while trading in forex. A trader can only save enough profits if he is spending less on spreads. This post will let traders know about the importance of the spreads and help them to focus on finding ways to minimise this major cost.

@Accretion That’s right! There are a lot of scammers who lure traders into buying fake courses and signals. Even the telegram channels traders join are not reliable. Copy trading has some benefits, as you said. But traders need to be very careful.