Recent content by Stratocracy

It could be. But forex is a very demanding field. Nobody makes money here in a couple of weeks. If you are someone who can put in hours of work and commit to it, even when you have a long streak of losses, and have a great learning attitude, then forex trading can be profitable for you over time.

Whether you do it yourself or attend a school, trading is a skill that you can’t develop without practise. Hence, implement your strategies or learnings on a demo account so that you can build a tested trading system at the end of the day.

Forex is definitely not an easy task for everyone to accomplish. It plays with your time, emotions, mind and what not. Not everyone makes money in Forex. But you can make your journey easier with the right knowledge, risk management, and tested strategies.

This was much needed information. Today all the traders claim to have complete knowledge of Forex but most of them hardly even know the basics and have to suffer later.

Analysing the market and undertaking the sentiment involved is one of the most important steps during the process. Traders need to pick the right opportunity so they don't miss out on a potential chance of pulling profit. These are some great tips, thanks for sharing!

Hi, welcome to the forum! Hoping you grasp relevant information and use it to improve your choices in your journey! Good luck!

Taking your time in educating yourself is the greatest approach to avoiding frauds. Don't make rash decisions, and make sure to weigh all of the pros and downsides first. Keeping oneself up to date with knowledge and avoiding greed. Don’t keep unrealistic expectations and don’t believe...

It was always the fear of losing. But I was able to conquer this fear by gaining more knowledge and confidence as a trader. I also learned many books about trading psychology and I would advise all beginners to work on this aspect for making progress as a trader.

Forums are quite helpful when you are a beginner. You get to interact with other experienced traders and clear the doubts that you have when you are new to the forex market. This will help you to stay on track and motivate you to work harder.

Hey mate, how’re you doing? Tell us more about you.

Yes, many people consider forex to be their full-time profession and are completely committed to it. To be lucrative in the market, a trader must have a solid awareness of many dynamics and elements, and should be well informed in both fundamentals and technical analysis. Also, a successful...

It is only possible through perfect risk management strategies that you can avoid losing money in Forex. Forex is a very unpredictable market. And losses here can’t be fully avoided, but you can do your best to minimise your losses through your well-executed trading plan and incorporation of...

Lack of Knowledge is the primary reason for the failure of retail traders. They think that they are fully prepared for the market and then the market surprises them. So, before entering the market it is always advisable for you to analyse the market carefully and come with a workable trading system.

Building a profitable trading strategy is essential for success in forex. A beginner may not be able to find the perfect strategy in the first attempt itself. That is why we are always told to backtest our strategy several times before applying it on our real account. Backtesting does not...

I think placing stop loss in every trade is an integral part of risk management. Cutting your losses early is as good as making profits for a beginner. In this way, you can focus more on learning without worrying too much about losses. You should set your stop loss levels at optimum and limit...