At first I consider it as a hobby because I enjoyed trading very much. But when I received my very first profits in cash from then on I already consider it as a good profitable business opportunity....
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At first I consider it as a hobby because I enjoyed trading very much. But when I received my very first profits in cash from then on I already consider it as a good profitable business opportunity....
We always feel regrets every time we lose our position or our trading account because of greed. But we do also rejoice if we got bigger profits because of greed. Greed can be done in a safe way. Just...
On the contrary...I found forex trading the easiest way to earn a living if you just know how to become a good market analyst. Forex trading is more on analysis and the traders who can master that...
You can let your trade run for many months but it is not good to do that because the movement of the market changes. If you see that it is now in positive then close it don't wait for the market to...
I think it's impossible to happen in the forex market because if it's possible it should already happen by now. Humans are intelligent but they will be having hard time controlling the forex market...
Daily profit of 10 to 15 pips is easy to reach. Just used small lot size to protect your capital from getting margin call. If you experience two successive lose in one day trading then better stop...
Beginners in forex should never invest huge capital first they are all advice to start with the amount they are willing to lose. Most first time traders in live market lose their capital on the first...
If I feel busy and tired doing other things I rather rest and sleep than trade. I don't trust myself to trade when I am in the state of exhaustion I am afraid I might open wrong positions in the...
Daily profits may not be possible because the market is changing everyday and you got to analyzed first it's general market direction. But constant learning and practice daily, profits might come...
Me too. I have tried trading with mt54 first and I find it good and easy to navigate. It is also newbie friendly and not complicated to study and use even if it's your first time using it. I heard...
Preventing margin call is a very hard challenge that every trader is trying to conquer. One of the main problem I see is the inability of the trader to discipline his own self and the uses of high...
I have to admit I have done some aggressive trading with my account several times and I do earn profits but sometimes it is also the reason of my huge loses and margin call accounts in the past and I...
Forex trading is risky but it doesn't meant we can't minimize the risk. We keep on trading because we know that we will eventually find a way to minimize the effects of loses in our trading account...
If you are a newbie...EUR/USD is a good newbie pair to trade with. But don't be so confident with this pair because it has some erratic movements and spikes specially during news releases. Trade with...
The higher leverage the more I like it. I never consider high leverage as a threat to my trading account. In fact I am grateful if my broke offers that kind of leverage because it will help my small...
Personally that amount is too big for me. If I have that amount I would not deposit it right away in just one account. Maybe I will divide it in many accounts. Forex is risky you might be tempted to...
Greed is one destructive emotion and attitude posses by traders. Lucky are those who can control their greed while trading. Greed can make you trade with higher lot size and double lots. Greed can...
It's hard studying fundamental analysis so I will stick with technical analysis for now. I will just avoid news releases and trade with signal from my indicators. I wish to have a deeper...
I tried scalping once but my analysis is totally wrong and I let the negative position run for many days resulting to my account getting margin call. Now I know better I am born to be a scalper...I...
Risk management is knowing the risk and what can you do to protect your trading account from getting margin call. I combat margin call through using small lot size and avoid over trading. One open...
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