Recent content by SickRiddle

Well written post. Indeed, forex is one of the most lucrative markets in the world. It is well known for its liquidity, flexible trade timings, and the freedom to start with a small capital. Though making money isn’t that easy, you will be profitable if you work hard and set realistic goals.

Trading forex should most certainly be an option too, despite the risk, it is a good opportunity for anyone who wishes to earn extra money. Love the ideas you shared though!

Learn from your life and past experiences or trade to know the reality of greediness and how it destroys everything in seconds. The 'getting rich overnight' mentality makes everyone fall prey to greed. Sometimes, it is driven by desperation and obsession with money and quick earning, which is...

I maintain a mindset that makes me stick to my plan. Discipline, consistency, and patience are required in trading, and I am continuously working on them. Risk management and money management are my friends forever in the market. I don't use large leverages whenever I don't feel like that...

Currently using acttrader with fxview and avatradego with avatrade - both have intuitive UI, lots of useful trading tools and minimum latency.

They fail because they are lacking when it comes to market knowledge and trading skills. The forex market is very volatile and dynamic on its own. And anyone who enters this market with no knowledge is signing up for failures. That is why it is important to prepare well before entering the forex...

I think it depends on what kind of a person and trader you are. Some traders are self motivated and they are able to learn on their own without being a part of any online communities. But most of us need some kind of moral support and sense of belongingness to keep us going during the tough...

Thank you, swillisigner. I also support manual trading. I'd love to receive everything you've shared. Continue to share.

Fear of losing money is the dilemma of most traders in the market. However, it is not good to allow your emotions in trading and traders should find out a way to cope with it.

Successful trading depends heavily on having a trading plan. Your profit objectives, level of risk tolerance, approach, and assessment standards ought to be included. Once you have a plan in place, make sure that every trade you are thinking about is inside the constraints of your plan. Keep in...

Avoid websites that offer high return rates and quick earnings. People should be aware of the fact that money doesn’t come easy. Scammers often try to lure you by promising high profits but you should never believe them. Be realistic and work hard for your success, never look for a holy grail...

The most practical approach towards learning forex trading would be reading and then applying that knowledge onto a demo account by backtesting different strategies to understand the trading process. Traders need to use their own skill to move forward in the market and achieve the results they...

Thanks for sharing these tips! Much needed to re-read and brush up on knowledge. I’d like to add that without proper risk management, traders can end up with losses and no time to analyse the market well enough to be able to succeed.

When you trade, you have to be sure that your resources are perfectly well and that you can count on them in case of need. A well-planned strategy, combined with a well-planned mindset and direction, works wonders in the forex market.

Yes, that was my case as well in the past. Before it got too late, I decided to use only relevant indicators, deleting several others from my strategy. That was one of the best decisions I made as a beginner, which seriously saved a lot of time (if it were too late, my time and energy would have...