Tricky question! I will try to answer your question to the best. They both go together. you cannot sit with only one type of analysis and make constant profits. You need to keep a tab on both. If it...
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Tricky question! I will try to answer your question to the best. They both go together. you cannot sit with only one type of analysis and make constant profits. You need to keep a tab on both. If it...
Use of moving averages should give you good idea of the trend. Use it on 1h, 4h and daily. you can use 20,50,100 EMA on these TFs. They should help you to know if the trend is down, up or ranging.
I make my own analysis and trade. Why would I trust anybody so much that I would put my hard earned money without my analysis. Nobody can garuntee you movement of a pair in forex. All analysis, be it...
A TP and SL would depend on your
Total investment
capital per trading position
type of trading strategy i.e. if you scalping or a intraday trader, a swing trader or a long term trader.
It is...
Like some one said earlier in this thread, SL depends on loads of factors. Firstly SL is nothing alone. It should be TP and SL. In other words it also called as risk/reward ratio. I have seen most of...
There is no particular book I suppose which would outline the pre requisites but below are my 2 cents.
1. Very clear basic Forex knowledge
2. Strong Money Management
3. Need to have a reasonable...
How to keep yourself motivated ? Straight answer. Make profit ! Make your profit consistency more than your loss frequency and that you should keep you afloat. And the rest is history.
Cheers !
If the investment is less or enough depends upon your target of making profit weekly or monthly. It also depends on the trading strategy you have adopted. I personally dont think a 100 USD is a less...
The intention to start this thread is simple. Share and learn Intraday trading strategy.
Below are my questions with respect to Intraday trading:
1. How much minimum investment is required. My...
The intention to start this thread is simple. Share and learn Scalping strategies.
I am not much knowledgeable about scalping and want to learn it so if you guys could help me it will be...
After you are done with basic forex learning, you should have some money for investment 100 or 200 USD should be sufficient, and you should have a reasonable target to make money every month...
If you are a thinking of earning from forex, I would advice you to follow the below things step by step.
1. Learn what is forex trading from Wikipedia and other websites. You need to know what is...
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