A trader who can win over his emotions can win over anything in the forex market. Just learn to control emotions on priority. You have enough tools to learn and practice your strategies but if you can't control your emotions you can never probably make right decisions even after having the...
Traders should know how to read forex charts in order to conduct technical analysis. They are more rational and precise, allowing traders to make a logical decision that is based on facts.
You might find Forex trading simple if you follow these steps:
Do not complicate your trading strategy. Keep it simple and easy so as to avoid any kind of confusion.
Stick to your trading plan. This will help you to control your emotions and allow you to make rational trading decisions. A tough...
Hello, Greg. Welcome to the community! I understand that you have just begun to explore the world of Forex trading and are very excited about it. Best of luck
A trader can recover from losses in forex by learning from their mistakes, backtesting trading strategies to ensure they are valid, and only trading the size that they can afford.
For some people who can’t afford these courses, don’t feel disheartened. There are a lot of online articles and blogs which can help you in learning forex. Some youtubers too have uploaded good content with useful information about forex trading. You can also go through these videos to learn.
It is good to see that there isn't one or two but many successful traders who have actually made their lives big through forex. It is really inspiring to know that people from different races and regions were able to succeed on a single platform.
@Thaumatology You are right. Learning about the basic forex terminology and all the important jargon is helpful in understanding different concepts clearly. Getting an overview of what you are about to do is always helpful.
Many people find swing trading to be easier for them. It is because most of them do forex trading part time. They do not want to get too involved in it. But there is more risk in doing it part time as the price may fluctuate while you are not looking at it. Having said that, if your stop loss...
Scalping can be good for beginners too. They can learn a lot from it. The only con is that they will lose some money as commission will have to be paid for a number of transactions per day and a beginner might be losing in many of those transactions.
Entry point is any order that executes to buy or sell a currency pair in forex trading. Another order executed to close the trade is known as exit point. Both entry and exit points are critical in deciding the outcome of a trade so they should be decided carefully keeping in mind all the risk...
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