Technical analysis may look like a pro traders job, but anyone can start with technical analysis and become experts with simple tips and continuous practice.

Technical Analysis Fallacy

Hidden

Skrill or Neteller for money transfer?

I prefer a very basic trading plan for my long term trades. I hope it helps my fellow traders.

Long Term Trades

I will go to a CySec regulated broker as I reside in EU region. I will never ma mistake of depositing such a capital in any unregulated broker.

If you had £100k, which one would you go with?

If you haven't traded before then yes, technical analysis alone wont be enough. You need to familiarise yourself with fundamental factors as the charts clearly discounts what is going on in the economy.

Is technical analysis sufficient ?

Throughout my trading journey I have traded various strategies but when it comes to scalping it is most trickiest as it involves complete attention and concentration. Till date i have able to develop this basic strategy which definitely helps to ...

scalping strategy

A trader losses when he/she deviates from the basics of trading and become impatient with their strategies. Greediness, lack of money management skills etc all add up in bad trades. The only solution is, practice, research, learn and explore. A ...

Why you still lose

Three basic steps and your support and resistance is at the best levels. image

Support & Resistance Trader

Choosing an entry and exit point makes 50% of a successful trade. Here are the tips you need to consider while entering a trade.

How to make perfect entry point

Firstly, you should keep in mind that fundamental and technical analysis both are important to get good trade ideas. Fundamental analysis help you to determine the direction of the prices of various instruments depending upon several economical ...

Fundamental analysis

Trading can in no means be compared with gambling. Trading requires detailed analysis, a good experience, correct strategy which all together needs a lot of skills so its definitely not gambling but a Scientific Art

Gambling VS Trading

If you are a newbie then you should go with a regulated broker. Regulated brokers have to abide by the regulations and thus it protects your funds, trades and give you access to limited leverage. This helps you to manage your lot sizes.

broker for newbie

I always test the demo for every new thing I learn in forex trading. Demo is the perfect place to test new strategies, new techniques, new EA's, scripts etc. I cannot risk using a new EA directly on my live account and just burn my capital. I get ...

Practice

However, their might be another possibility, was your broker regulated or non regulated? If its a regulated broker then the above explained scenario is true. But if its an unregulated broker, i would suggest you to get it investigated. They might ...

Why didn't my broker close my take profit order?

I think people are able to trade more due to COVID 19. As people are home for the entire day, they have started day trading, scalping etc. I always favoured long term trades, but these days i have my screen in front of me the entire time so tried my ...

(binned per thread starter’s request) Trading at home

Hidden

Profit Calculation

low leverages like 30X 50X etc are the best leverages for newbie. One might find plenty of broker overage high leverages like 500X etc, but they are generally unregulated brokers. If you have just started trading then its better you start your ...

What leverage is best for a newbie?

Most probably its because the tp price didn't hit the market because of spreads. First scenario has a higher possibility. For the take profit to trigger, the ask price should have reached the tp level which might not have happened due to spreads. I ...

Why didn't my broker close my take profit order?

Yes, I agree with you. All those experts are majorly money digging bots whose motive is just to grab as much money as possible. They merely provide any good information but instead hover upon our trades and fetch on our capital. When I was a newbie ...

Twelve stepping stones for rookies

The worst trading time is when the market opens or closes. This is because during the opening and closing hours the market is least liquid as very little trading is going on. Low liquidity further comes with larger spreads which is definitely ...

Best & worst times to trade