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- signalmaster replied Mar 14, 2018
I fee you should just put the download link somewhere and let everyone get it. I hope this book would enhance my Forex Knowledge. There are a few free books like these available online that I have read. I trade Forex with TenkoFX Forex Broker
- signalmaster replied Apr 12, 2017
Profiforex has some advantages. I am an IB of this broker and the traders I introduced are still happy with the broker till date. Also there are pretty much good reviews on some websites. Still, not one trader can confidently come out and say their ...
- signalmaster replied Oct 12, 2016
Market prices basically respond to major news from the big central banks. For example if upcoming US macroeconomic data are strong enough to convince traders there will be interest hikes by December, the dollar will rise up.
- signalmaster replied Oct 12, 2016
No, don't quit. I will not really advise you to quit just because you made some losses. Let me assure that forex is really lucrative for experienced traders. But you can't just get successful from the start. Losses are important part of the journey ...
- signalmaster replied Oct 11, 2016
Stop loss is one of the best risk management tool at the trader's disposal. This way if you must lose in your trade, you can't lose more than you can afford. When prices drop past where you set as stop loss, your position is automatically closed.
- signalmaster replied Oct 11, 2016
I can not do without analysis when I trade. Forex is no luck but a technical trade. I must analyze the market and trader psychology first before opening my positions. I really like the H4 charts, not too many price movements that could be fake ...
- signalmaster replied Oct 10, 2016
Many traders see price action as the mother of all indicators. Most traders prefer trading and read bare charts void of indicators. Moreover most indicators are even lagging indicators. Price action is kind of purer as you get study price movement ...
- signalmaster replied Oct 10, 2016
I will rather attribute success to consistency. Many traders especially the new ones are scared to trade after some losses. But I take strength and move to learn from the losses. I record my losses,and make sure I learn where I went wrong on the ...
- signalmaster replied Aug 18, 2016
It happens this way sometimes. I will advice you to always check the news before opening a position. Things can change within a minute.
- signalmaster replied Aug 12, 2016
I feel the very popular system is the other way, you buy prices are low and sell when high. I would advise new traders to keep to this. It is much easier and profitable require less experience to handle such positions.
- signalmaster replied Aug 12, 2016
I agree with you. It is better to specialise in one market . By this I mean focusing to develop your technique in one currency pair. If it is the EURUSD you have chosen, then you take a strategy you can develop in that particularl pair. It is not ...
- signalmaster replied Aug 10, 2016
One reason why many new traders fail is the mismanagement of leverage ratios. Many new traders are excited at big leverage ratios as they want to trade positions far bigger than trading capital. This has its disadvantages as if the leverage trade ...
- signalmaster replied Aug 3, 2016
Psychology of a forex trader is important especially as it concerns how to manage emotions when in an open position. Can you accept a loss and close your position using a stop loss or you are ready to greedily hold on to a losing trade. This is ...
- signalmaster replied Aug 3, 2016
Well I feel you are right, many traders don't keep to the rules. Especially new traders who want to make profit so quickly that they abandon their trading strategies.
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