Besides polling, there are other ways: you can check if your broker offers position summaries. Many brokers also offer sentimental tools. You can also verify from online resources like DailyFx. They have their own sentimental indicators.

Besides your trading skills and knowledge, trading psychology is the key component that determines your success in trading. A trader should know when he is trading with brain and when he is with greed, fear, or anxiety. Good trading rules help you ...

Trading in the Zone – Mark Douglas. Market Wizards – Jack Schwager. Market Wizards- Jack D. Schwager

I only like ECN accounts because of the transparency and tight spreads. FinproTrading and lmfx are the two brokers I find excellent for lower spreads and commissions.

@ Epeolatry No doubt. Those two are a must.

Forex is a manipulative market. Banks have the power, because of their huge market size, to move the forex market. There is no tool that can fully determine the market.

That’s true! Whether fundamental or technical analysis, traders can’t predict the market 100%. The market is always moving. Indicators are just probabilities. Traders can enhance their winning chances with strong risk management and trading ...

That makes sense only when you are learning from your losses. The reason why new traders fail is because they don’t backtest their strategies and try to learn from their trades. However, if we try to look at trading from different angles and market ...

Some of the Youtube channels that you can check out- 1) TraderNick 2) AlphaTrends 3)No Nonsense Forex 4)Trading180

I would never say yes to some random signal ads that guarantee success. They are not reliable . There are communities who share free signals. Try that if you want to give it a go.

@Epeolatry Successful traders have expertise in technical analysis. And most traders who fail in trading are either because of lack of trading skill/strategies or bad psychology. Apart from that, risk management is important, once traders focus on ...

This is Gold! Thank you

Love this! Plenty of stuff to learn from.

I generally avoid music during trading. Occasionally, I don’t mind something soft and slow playing in the background.

The reason why most of the new traders fail is because of bad psychology. You feel a variety of emotions during trading, from greed, fear, to anxiety. Traders should abide by strict trading rules to avoid them. If trades learn how to control ...

If you are an inexperienced trader, then going with a demo is a good decision. You will get to develop trading skills. However, starting with a micro account is beneficial as you get to trade in the real market and with better consciousness.

AI is shaping the future of trading. With the help of AI, we can analyze millions of data and predict the future of the market. It has the possibility of providing us higher returns. But I don’t think it will replace traders because humans are ...

There could be multiple reasons for that. However, above all, I think they fail because of commitment. It is very unlikely that you will win a big amount on your first few trades. Indeed, most of the traders lose money when they begin live trading. ...

MT4 is by far the best trading software that I would recommend you to use. It’s easy to customize, which means you will be able to execute the trades the way you want. It also comes with several trading tools that you can use to trade.

Looks like you were confused when you wrote this post. Base currency is the first currency of the currency pair quotation. You buy the base currency and sell the quote currency.