Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.

Simple Forex Trading

Strategy works but not every strategy works for everyone. What works for you, may not work for me. A trader needs to find a strategy that works for him. It takes a lot of time to test strategies.

Trading strategy for me

Loss is inevitable in forex trading. And it gives pain no doubt. Actually no one learn how to accept loss. You have to learn how to overcome loss. Successful traders focus on their risk reward ratio and winning trade percentage. So you should have a ...

reasons why traders lose

First you have to give time for learning. It's a professional work that requires specific knowledge and skills. Once you have necessary skilled, you can do it just by spending one or two hours per day. But for learning you have to put your efforts ...

Rules of Successful trader

There is some misconception among new traders. They think within 3 to 6 months they can be enough skilled to make to money by trading. They are not willing to give time in learning. They are in hurry. As a result they lose years after years. And ...

Why do Newbies Lose?

Patience is the most important thing in trading. We don't want to wait for a good trade set up. We force ourselves to open trades. As a result we open bad trade.

I won nothing after 3 years

Only Holy Grails is skills and experience. One needs to be very much skilled in analysis and mind control. Otherwise it's not possible to make money here.

Avoid this Rookie mistake

For trading discipline is a must. Without discipline surviving in the market is not possible. No matter how great strategy a person has. It won't help him for long.

Trading Discipline !!!!

Of course trading is hard. Trading is a high rewarding work. High reward doesn't come easily. A person needs deep knowledge and understanding of the market to be profitable. He also needs very strong mind set.

Is trading really that hard?

Obviously those who become rich will not announce their succes and money. Only people who want to teach or bring a course show their profit (could be fake also).

Has anyone become wealthy from forex?

I stated with 300$ probably. It's been many years since then. Eventually I lost all the 300$. I invested money without having much knowledge about trading. Don't invest money if you are not well equipped.

How much did you start with?

Our total risk should not be above 2%. Now it could be 2% in a single position or all the open positions. Some traders take 2% risk per trade then open 5 trade which becomes 10% risk. We should not do this type of mistakes.

risk per trade?

It takes time to be profitable. But the sad thing is most newbie thinks three to six months demo trading will do the tricks. And when they realize it's too late for some traders. Trading is a skilled based job. You can't do it without being skilled.

Why do Newbies Lose?

It is because most traders are so much obsessed with the thinking of making money that they forget the most fundamental thing which is knowledge and understanding about forex and online broker.

95% failure rate?

Most traders think that a holigrail strategy can give them constant profit. But there are more important things like Psychology and risk management. Good trading is the combination of all these. You have to learn all the skills. You can't ignore any ...

reasons why traders lose

It depends on your trading strategy. But before opening trade you should check all the higher time frames. In which time frame you will take entry that depends on you. There is not fixed rules. It is all about what works for you. I personally take ...

CHOROS Interactive

If anyone wants to make double or nothing, he should go to casino. That's the better place for doing this sort of things. Forex trading is not gambling.

double or nothing...

Scalping is the most gainful trading technique. Despite the fact that it's a complicated strategy, all forex traders specially beginner jump at the chance to do scalping. Scalping isn't useful for everyone.

Scalp

The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you ...

Demo vs Live Account

Forex trading requires specific knowledge and skills. You need the ability to find a good trade and control your emotions. New trades most of the time focus on making profit. They ignore learning and skills. As a result they take impulsive decision.

How to master a trading system