Forex trading is all about managing risk. The key to successful forex trading is to identify potential risks early and then to develop a plan to mitigate those risks. By carefully monitoring the markets and keeping a close eye on economic indicators, forex traders can identify potential risks...
When you're trading, emotions can sometimes get the better of you. Fear and greed are the two main emotions that can lead to bad decision making. Fear can cause you to miss out on good opportunities or to sell too early.
The key to successful trading is to control your emotions. You need to be...
I trade forex and commodities with coinexx, they tick all the requirements you’ve mentioned - spreads are tight for most assets, commission is fixed at $2 RT and withdrawals are quick as well, I mostly get mine on the same day.
You must consider forex a good business despite the risk. There are multiple ways to lower the levels of risk while trading so it is possible to make profit if you understand how the market works. The types mentioned in the list above are great! I have traded on forex for four years now. It is...
Hi, it is great to see this forum growing with the number of people interested in trading! Welcome and share your thoughts and experience so far. Would love to know the tips! Good luck for the rest of your journey!
What matters is how well you retain what you learn. It’s not just about reading about the forex market but also about how you can make use of the knowledge you obtain.
You join a forum because you want to discuss how you trade and what you would need to improve about your trading results. Don’t wait for other traders to help you find reasons for yourself. If you feel the need to talk to other traders, forums are the best option for you.
I can’t think of a better way than demo trading to build your trading strategy. You may start with practising using ready-made strategies and finding out what you would need to do to customise them in accordance with your needs.
Probably, you will have to find out what lures you the most and when you do, find a way to make up your mind that it’s not as easy as you may think of it. Even if it requires you to take a few risks and make some losses, go ahead because that’s the only way of controlling your greed.
You will be fine if you don’t use signals at all. See, there is no point in believing any random source with your hard earned money. It’s better to make a loss that you can understand than making a loss that you don’t understand.
It might seem like a boring task when you think that you are capable of making money on your own. But I don’t think there should be any issue in using stop loss that will help you in protecting your account from losing anything that you can’t afford to.
In my opinion, fading breakout strategies are better than trading breakouts. We can fade a breakout if we feel that a breakout from a support or resistance level is false and unable to keep moving in the same direction.
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