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- WillGagnon replied Feb 8, 2021
Managing risk is the most important yet ignored aspect in trading. I mean all unsuccessful traders do not have any risk management policy. I do not risk more than 1% of my capital in a single trade. If I open more than one trade my maximum risk ...
- WillGagnon replied Feb 8, 2021
A trader ought to pick a regulated and reliable broker for security of funds. Broker is the most basic thing in online forex trading. There are a piece of trap brokers. To stay safe we need to pick a solid broker that gives 100% security of your ...
- WillGagnon replied Feb 8, 2021
Not everyone can be a trader. A person with determination, quest for knowledge, patience and good understanding ability can be a trader. And all these qualities can be achieved if one wants. But the problem is most people do not have that much will ...
- WillGagnon replied Jan 31, 2021
Statistics are important for trading strategy. Every trading strategy should be back tested and statistics will show it is profitable or not.
- WillGagnon replied Jan 31, 2021
Every person is different as their trading system also different. I recommend build own trading system according to your own preference.
- WillGagnon replied Jan 28, 2021
Trading techniques and strategy is the main route to success in the forex market. If you want to make money from this market you have to make a good plan From your post a lot of new traders can set their plan.
- WillGagnon replied Jan 28, 2021
Scalping is the strategy which is taken by mostly new traders. They use this strategy to make money quickly from the market.
- WillGagnon replied Jan 28, 2021
Trading in the market with emotion can be very dangerous. If you want to become a good trader you have to control your emotions. You can control your emotions by practicing on a demo account more and more. It will help you to get confidence and ...
- WillGagnon replied Jan 22, 2021
Broker is the most important thing in the forex market. many traders lose their money because of choosing a wrong broker.So, be careful when you are choosing a broker for you.
- WillGagnon replied Jan 22, 2021
I think more and more practice can give you the confidence to take risks. It can help you to remove the fear of trading.
- WillGagnon replied Jan 22, 2021
I think traders should never try to earn money quickly from this risky and volatile market. It can put them in great danger.
- WillGagnon replied Jan 20, 2021
Loss is a part of trading. If you have good winning percentage and better risk reward ratio, loss should not bother you. Loss bothers so much to clueless traders who have no idea what's they are doing.
- WillGagnon replied Jan 20, 2021
No only technical knowledge is not sufficient. It is the combination of strategy, discipline, mind set, emotion control, money management and risk management. We need all of these. With an average strategy and all other qualities a person can make ...
- WillGagnon replied Jan 18, 2021
The forex market is the most profitable online business. Many people earn a lot of money from this market every day with their knowledge and experience.
- WillGagnon replied Jan 18, 2021
Most of the new traders want to earn money quickly. and almost every new traders want to make huge money in a short period. This put them into the losses. They loss all their money because of their greedy nature. If you want to become a good and ...
- WillGagnon replied Jan 15, 2021
Money Management is essential to survive in the market. I use maximum 2% of my capital per trade.
- WillGagnon replied Jan 15, 2021
Economic calendar is most important to follow for fundamental analysis. But trading only depend on fundamental is not proper analysis.
- WillGagnon replied Jan 15, 2021
Discipline impact mostly at trader’s decision making. Lack of discipline can hamper your perfect trading plan.
- WillGagnon replied Jan 6, 2021
Choosing a good and reliable broker is difficult especially for newbie. New trader often encounters scam broker and loss lot of money.
- WillGagnon replied Jan 6, 2021
I think it’s always better to put sl. Market is uncertain. you may blow your account due to negative balance protection if you donot use sl.