Recent content by Sacralgia

Most of the time, they fail due to a lack of knowledge and skills. There may be other causes of failure in forex trading, but these are the most common ones.

Hello there, Skrimon. Please share some useful information. We'd love to hear about your experiences.

It can be beneficial, or not, depending upon the forum they are joining. Most forums contain what a beginner trader will find important, just basic questions and stuff asked over and over. But in forex forums like reddit, there are advanced traders. The information shared in conversations can be...

A margin call occurs when the account requires additional cash, i.e. you have exhausted your margin. When a margin call occurs, a trader's positions are liquidated or closed out. Using leverage effectively is a wonderful method to prevent margin calls. The idea is that the more leverage employed...

Totally agree with all the points mentioned. Greed is the biggest enemy of a forex trader. It is good to be ambitious but greed should never be there. Being realistic and rational is the best approach to become a successful forex trader. You should not obsess over profits too much. Just focus on...

The best way to learn about forex trading is trading on a demo account. I did the same, created a demo account with fxview, started practicing in it, and then switched to the live account. Additionally, Forex courses are good. I have also taken babypips school of pipsology, but the real...

The ideal currency pair for carry trade is pairs with a high interest rate base currency and low interest rate quote currency. The secondary currency is most important when you choose a pair for carry trade. Japanese yen (JPY) is the most popular one for carry trade due to the low interest rate...

Risk management is the most important part of the trading process. Without managing risk, you will fail in the long run. Many newbies focus on every other aspect except risk management and that is where they go wrong. You need to have a full proof strategy to lessen the chances of risk hitting...

The best way to control emotion successfully, is by trading with low expectations and not worrying about losing out on opportunities. You need to mentally prepare for everything by creating a plan and sticking to it, there is no other way to manage your time. Once you lessen the risk level, you...

There are a number of potential business ventures. It all depends on your abilities and the scope of your work. Which one is best for you? You can either sell a product or offer a service as a business. You should not rely on other people's advice and opinions when it comes to your career.

It happens because of hedging. You must avoid doing it from now on.

Forex breakout is difficult to beat if you don’t have any idea about it. Thanks for explaining it in detail.

I don’t think every trader is able to make good money with forex scalping. Most of us have a hard time deciding how much to put at risk and what leverage to use. As you don’t even get much time to analyse the market, you must stick to your trading plan.

You are free to do all that you want to do in the forex market. You can analyse the market at your own level and see which way you wish to go. There are no restrictions on how you should trade forex. So, try to make the most of the freedom you have.

I think it’s a useless topic to discuss. Traders are already well-versed with the hard work they have been putting in and gamblers don’t have much to say about effort.