- ele020 replied Oct 19, 2020
Technical analysis may look like a pro traders job, but anyone can start with technical analysis and become experts with simple tips and continuous practice.
- ele020 replied Oct 16, 2020
- ele020 replied Oct 15, 2020
I prefer a very basic trading plan for my long term trades. I hope it helps my fellow traders.
- ele020 replied Oct 13, 2020
I will go to a CySec regulated broker as I reside in EU region. I will never ma mistake of depositing such a capital in any unregulated broker.
- ele020 replied Oct 13, 2020
If you haven't traded before then yes, technical analysis alone wont be enough. You need to familiarise yourself with fundamental factors as the charts clearly discounts what is going on in the economy.
- ele020 replied Oct 7, 2020
Throughout my trading journey I have traded various strategies but when it comes to scalping it is most trickiest as it involves complete attention and concentration. Till date i have able to develop this basic strategy which definitely helps to ...
- ele020 replied Oct 6, 2020
A trader losses when he/she deviates from the basics of trading and become impatient with their strategies. Greediness, lack of money management skills etc all add up in bad trades. The only solution is, practice, research, learn and explore. A ...
- ele020 replied Oct 5, 2020
Three basic steps and your support and resistance is at the best levels.
- ele020 replied Oct 3, 2020
Choosing an entry and exit point makes 50% of a successful trade. Here are the tips you need to consider while entering a trade.
- ele020 replied Oct 1, 2020
Firstly, you should keep in mind that fundamental and technical analysis both are important to get good trade ideas. Fundamental analysis help you to determine the direction of the prices of various instruments depending upon several economical ...
- ele020 replied Sep 30, 2020
Trading can in no means be compared with gambling. Trading requires detailed analysis, a good experience, correct strategy which all together needs a lot of skills so its definitely not gambling but a Scientific Art
- ele020 replied Sep 28, 2020
If you are a newbie then you should go with a regulated broker. Regulated brokers have to abide by the regulations and thus it protects your funds, trades and give you access to limited leverage. This helps you to manage your lot sizes.
- ele020 replied Sep 25, 2020
I always test the demo for every new thing I learn in forex trading. Demo is the perfect place to test new strategies, new techniques, new EA's, scripts etc. I cannot risk using a new EA directly on my live account and just burn my capital. I get ...
- ele020 replied Sep 24, 2020
However, their might be another possibility, was your broker regulated or non regulated? If its a regulated broker then the above explained scenario is true. But if its an unregulated broker, i would suggest you to get it investigated. They might ...
- ele020 replied Sep 23, 2020
I think people are able to trade more due to COVID 19. As people are home for the entire day, they have started day trading, scalping etc. I always favoured long term trades, but these days i have my screen in front of me the entire time so tried my ...
- ele020 replied Sep 22, 2020
- ele020 replied Sep 21, 2020
low leverages like 30X 50X etc are the best leverages for newbie. One might find plenty of broker overage high leverages like 500X etc, but they are generally unregulated brokers. If you have just started trading then its better you start your ...
- ele020 replied Sep 18, 2020
Most probably its because the tp price didn't hit the market because of spreads. First scenario has a higher possibility. For the take profit to trigger, the ask price should have reached the tp level which might not have happened due to spreads. I ...
- ele020 replied Sep 17, 2020
Yes, I agree with you. All those experts are majorly money digging bots whose motive is just to grab as much money as possible. They merely provide any good information but instead hover upon our trades and fetch on our capital. When I was a newbie ...
- ele020 replied Sep 16, 2020
The worst trading time is when the market opens or closes. This is because during the opening and closing hours the market is least liquid as very little trading is going on. Low liquidity further comes with larger spreads which is definitely ...