It’s not always the lack of knowledge that kills a trader’s performance but the inability to follow a disciplined approach. Traders spend the majority of their time developing strategies or trading edge or looking for better indicators but the truth ...

Five mandatory things that are needed to trade forex are: Knowledge Money Internet connection Laptop/Smartphone Lots of practice

It’s better to take a break and start everything from the beginning if nothing is working out. As you said that most of your trades are losing ones, you should be more careful in managing your risk. I would advise you to start with a small capital. ...

No one can tell the reason for another trader’s failure. Every trader faces different issues, commits different mistakes and has a different way of dealing with those problems. I think it’s not difficult to realise the reason for your failure and ...

You don’t find success, you earn it through consistent efforts and hardwork. It takes years to be profitable. Since every person has different goals it takes different time to get successful. In the beginning, success for me was to earn huge profits ...

Nice post but I think the first point is slightly confusing. In forex trading we exchange one currency for another. The first currency in the pair is base currency and the second currency is quote currency. For instance, EUR/USD Here; EUR is a base ...

Hey! @rsp13.Here are the most crucial rules which you can follow while using a stop loss: Always calculate your risk tolerance before placing a stop loss as it will help you to understand how much you are fine losing if the market turns against you. ...

I use trailing stop loss in combination with traditional stop loss as it improves the efficacy of my stop loss. Trailing stop loss is helpful in locking in profits when the price reaches new highs. It won’t immediately trigger the market order ...

If 20% return is enough for you to fulfill your basic needs, you may consider leaving your job and dedicating full-time to forex trading. However I feel that if you are able to manage your job and still earn a good amount of money, you should keep ...

It’s not easy to keep yourself motivated especially when you are a newbie, and you lose more trades than you actually win. Still the feeling that I can free myself from the shackles of a 9-5 job keeps me motivated. There is no other career where you ...

There isn’t any method that can make you successful. Indicators, EAs and everything is to help you but the actual success depends on how well you understand the market behavior and how the price of the currencies move. If you shift your focus on ...

It isn’t but if one can practice without risking their money, why wouldn’t anyone want to do it? Demo and live trading can have many differences but it’s still worth it. At least you can learn how the platform works.

There are countless videos on YouTube, books, websites and other sources you can take advantage of if you want to learn forex trading. Spend some time reading articles or other materials but for a strong understanding of technical aspects it’s good ...

Whether you are trading shares or forex, experience comes with practice, no one is born as an experienced trader. There are a number of tools available for your help and you can even use demo accounts and micro accounts to practice. So, I don’t ...

When the company is absorbing your losses, they might be mitigating your risk but also reduce the potential profits. Also, the returns generated on these funds are taxed just like ordinary income instead of capital gains, which increase the overall ...

If you follow the trend, go long when the market is bullish and short when the market is bearish. If the price of a pair is continuously rising, then a trend reversal can be expected and it’s better to sell when the price is high, so that you don’t ...

We trade to earn money and not to entertain ourselves. If you are able to earn consistently it should be enough but if you still find your trading routine monotonous, it’s good to open a separate account and practice different strategies. No one can ...

You don’t need any mentor to make you a successful trader. A vast amount of information is already available on the internet with the help of which a trader can get a strong grasp of all the trading concepts. Besides there are other tools such as ...

Most of the traders don’t succeed because they fail to realise that their number 1 priority is not to make money but to protect their funds. Money and risk management is the key to survival in the forex market. A trader should not shy away from ...

There are a number of differences in a demo and live account, the few most common ones are: The spreads are generally tighter on a demo account but on a live account there can be a difference of 1 pip which may have a huge impact on the total ...