Greed clouds our judgement. It can cause us to make trades that we'd otherwise avoid if we were thinking clearly. It can make us take more risk than we should. Greed makes us feel "its not enough" all the time.

Forex, Greed, and Risk

Emotions will get involved in trading one way or the other. It is also not an easy task to control our emotions so what we can do is to make a good preparation with a trading plan. By doing this we will stick to the rules of trading thus not letting ...

How to Become Emotionless

I would say that if you have proper knowledge and experience it is likely that you will make a profitable trader but its not going to be easy by any stretch of the imagination.

why forex is so risky?

True, in trading you never really stop learning. It's the kind of field that requires not just knowledge but a lot of practice.

Practice

True, there is no one-way-works-for-all method. Different traders use different strategies and even the same trader has to periodically review and improve their strategy for it to work.

What is the best way to do forex trading?

Depends on what you call as profitable. Even $200 is considered a profit. I think it takes the first 3 years to understand the market and the next 3 years to breakeven what you've lost during the learning phase. If everything goes well, the ...

How many years to become profitable?

By what standards do you consider 1:500 leverage as low?

How does leverage work?

That's correct. It's easy to get psychologically burdened by trading as it takes a toll on your body and mind. It tests your character so anyone who wants to start trading should make a certain amount of mental preparation.

Forex - Tips for happy trading

Avoid overleveraging and overtrading.

Got advice for a rookie?

If you think that the market is risky, take a low risk. If you think it is not, take a high risk expecting a higher reward, either way, the choice is yours and so is the responsibility that comes with it.

why forex is so risky?

c

why forex is so risky?

Correct because a "holy grail" would imply that there is a secret to trading that majority of traders are unaware of which cannot be further from the truth. Trading a game of probabilities, not secrets.

The HOLY GRAIL

Maturity lies, in not just trading but in other things too, in accepting when you are wrong, acknowledging the damage done, and making a resolution of not repeating it.

reasons why traders lose

True, the availability of free time and the need to make income is driving people toward forex who wouldn't otherwise think of taking up trading.

Why 95% Of All Traders Fail

1:500 is not a low leverage by any means!! Did you mean to say 1:50 and accidentally put an extra 0?

What leverage is best for a newbie?

Yeah, but the point is that gaining the required knowledge and experience is not something that comes quickly or easily.

Can you get rich quickly from forex trading?

How can you check emotions on a demo account?

Trading Tips

Each trader has its own trading needs and requirements on the basis of which the trader chooses a currency pair. But generally speaking, the movement of major pairs is comparatively easier to speculate.

The best Pairs to Trade?

In the same trade, greater leverage means a smaller amount is held which allows you to put on more lots, lower leverage means a greater amount is held which reduces the number of lots that you can place at the same time.

How does leverage work?

You need skill in trading just like you need skill in winning a chess game.

No skill in trading!