Recent content by Snicket

The entry and exit points can differ in accordance with the strategy you are using. So, you better don’t restrict your trading decisions based on past performances. Take risks and keep updating your strategy.

It would be nice if you can share some examples of the work done by you for our reference.

It’s always risky to use forex signals. You can never be sure about who is behind the screen sending you signals, though they are supposed to be sent by professional traders. Since your losses can be someone else’s profits, you better don’t trust such signals.

It's 100% risky to trade forex. But those who take risks often become the most successful forex traders. But also keep in mind that every situation is not worth taking risks with. Narrow down your options on the basis of your strategy and risk appetite before moving ahead.

You will be putting your real money into something that you will never own physically. This is all a game of trust and if you can't trust anyone or anything with your money, forex trading is not for you.

Beginners find it difficult to understand the concept of spreads due to their complex nature. I hope that beginners reach this post as the concept has been clarified in a very good way here.

Traders don't understand the consequences of greed until they face them. New traders are very focussed on making big amounts initially and they believe that by taking so many trades will help them to make money. They become reckless in trading and keep entering and exiting positions without...

Beginners are going to find this post very useful. Because the traders who struggle with emotions are mostly beginners. They are not able to suppress their anger, fear or greed, which results in trade losses.

Forex trading can be expensive for those who lose because of lack of the basic information. Forex trading does not require any kind of big investment. A trader can start forex trading for an amount as low as $10. It all depends on the trader's knowledge, skills and experience as to how much...

Forex trading education can open doors of success for you. It can also save you from taking any unnecessary steps that would lead to obvious losses. When you know what is achievable in the market and what merely is a dream, you don't let your emotions come in and make decisions solely on the...

I have been using RSI for quite a long time. Sometimes the signals are correct and sometimes they are far from what actually happens. And now I am planning to use moving averages along with RSI to get confirmation from it so that I reduce the chances of losses to some extent.

This inspires me to learn about other people too who have traded well and proved that forex can do amazing things if you invest yourself in it. It is good to know that most of these people started from the bottom and were able to achieve such a great place in forex where their stories are an...

Since traders have to pay trading costs despite the outcome of the trade, it becomes even more difficult for scalpers who have a very small margin per trade. In order to make up for the losing trade, they have to earn at least double the spreads on winning trades which is only possible if the...

I mostly feel anger when I lose a trade and then I want to trade again to recover my lost money. But this is the point where I tell my mind to cool down and be patient. Revenge trading can result in even bigger losses. Controlling emotions in this situation can save a lot of money.

Forex trading is a great career to go with if you can handle your excitement in the market. If you are someone who will easily get carried away with the money-making opportunities, it could prove to be a wrong decision.