Don’t give up on paid courses! You should check the free course available on babypips. Or you can watch youtube videos, which are nice to take knowledge from traders for free!
Hello and welcome to the forum. Please share your thoughts and experiences. We are all aware that learning from the experiences of others is beneficial.
As they teach you to have better control over the market, risk management tactics are an essential aspect of forex trading. It also helps you manage gains and losses more effectively while increasing your risk tolerance. Risk management not only helps you minimise your losses, but it also helps...
In forex trading, spreads should always remain tight, and for that, a trader needs to trade with an ECN broker, as their trade execution speed is fast that results in tight spreads. Aaafx, xm and fxtm are a few good ecn brokers I have traded with.
Forums are important because they create a community of like-minded people and they can share their learning experiences. A forum enables forex traders to share their issues, solicit advice, receive news updates, meet new forex pals, and keep a trading journal. Since knowledge is shared on both...
Experimenting with different indicators is the key. When we practise several indicators, we come to know what will work for us and what won’t. Combining indicators is a good practice. But that should be done when we know the indicators in detail and how to use them. Combining too many...
Some of the tips you can consider are:
1. find out a good currency pair
2. Study and analyze the market.
3. Get into Practice
4. Find out a profitable strategy
5. Make trades
6. keep learning
An important factor that contributes to a trader's failure is greed. Many thanks for sharing those helpful tips on how to control the greed of traders.
Thanks for the detailed post. I must say 100$ is a decent amount to start, especially for a beginner trader. However, one must not expect a lot with this trading capital. Know that you will lose in the start for sure, this is why beginners should always start with less capital.
One of the most important factors influencing our trading is emotion. Fear can cause you to avoid making a trade when you should. Fear can also cause you to exit a trade prematurely. Greed is what drives you to employ high leverage which is a two-edged sword. It can both hurt and reward you...
Full-time trading is only for advanced traders who are skilled and know how to trade. For beginners, it is not safe to do part-time trading as it is risky.
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