Recent content by Thaumatology

Couldn’t agree more! Always better to stick the toe in the pool to test the water before jumping in.

Hi! It is nice to see you here! I am looking forward to learning more about you.

Hello! Welcome to the forum! I would like to know more about you. It is interesting to know that you are using scalping in the beginning stages. I hope you are placing sl at the right price level. Scalping is exciting but can be dangerous at the same time. Good luck!

When it comes to forex trading, the costs can quickly add up. Between commissions, spreads, and other fees, it's not uncommon for the average trader to spend hundreds of dollars per month just to keep their account open. But, traders can manage all those expenses by selecting a low-cost broker...

Traders who use leverage need to meet the margin requirement set by their broker. And they get a margin call notification from the broker when their capital amount falls below the margin requirement in case of a loss. This situation should be avoided at all costs by managing the risk effectively...

The Forex market provides equal opportunity to traders all over the world when it comes to making profits from trading. We should gain market knowledge and develop professional level trading skills to make use of this opportunity. Risk management is most important in forex to minimise losses in...

This is really an informative post especially for the people who are planning to start their trading career. Right knowledge and understanding about the market makes trading easy.

@WalletInvestor I agree with your point. But mostly people are not wise enough to learn from other’s mistakes until they make their own. An approach towards learning should always be there in trading.

@WalletInvestor This is indeed an exhaustive explanation. Knowing how to calculate spreads is helpful in understanding a larger part of your trading costs. Reading about the factors behind spread widening is also important if you want to take measures to reduce these costs.

@GriderGlib I agree with your point. Pro traders have great emotional control and they may trade less but the trading skills that they have developed over time make them a good profit.

@WalletInvestor I agree with your point. Having a good trading plan and a discipline to strictly follow it can increase the probability of winning the trade. A strong risk management strategy is also an important ingredient to the trading plan which reduces the risk factor and also removes the...

Scalping indeed is profitable and requires a good amount of experience. The trader needs to have good and quick decisive power in order to scalp.

Entry and exit points can’t be explained any better than this. A well structured and in depth detail about entry and exit points, and how to use them for profit.

Any type of trading is always going to grow your money once you know how to do it. Returns you get from trading are much more than the ones you get if you keep your money in a savings account with a bank. So, some part of your savings should be invested in trading. Forex trading has high...

There isn't a surety that copy trading is going to make you money. It totally depends on the trading skills of the trader from whom your trades are going to be copied from. Remember there is no trader who is perfect and very few of the best traders would want their trades copied. So, there is a...