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In that case, you have to consider the time frame that you are trading. If the BB gets narrower on a small time frame, then it is merely just a retracement, but on larger timeframe like 4hrs, or D1...

It is the responsibility of every trader to become expert in forex trading. You can do this by constant study of the pair that you wish to trade. If you can understand a pair perfectly, then you...

Quite true. That is why you pass through a stage of learning the forex. This is because when you learn, you know what works for you and what does not. These are what make up the perfect entry and...

If by short term trader you mean scalper then I will not agree with you. A trader with $50 can earn another $50 in two days if he trade well and follow the trend (consistent or ranging). To me that...

No matter how much emotion a trader gets in demo trading, it can not be compared to what he will feel in a live trading account. For instance if a trader is losing money in a demo trade, he may feel...

The requirements for becoming a full time trader are quite demanding. The first requirement is a large capital base (trading balance) of up to $5000. The next requirement is accurate trading system...

At this point, you are looking at a volatile ranging market situation. The unfortunate thing about this kind of market situation, is you never know where the price is eventually going to break out...

Well, the MA indicator on its own, though powerful, but not enough to give you a valid entry signal most of the time. If your trading system is based on MA alone without any other indicator to give...

The two most vital part of forex trading are analysis and timing. If you analyse well but your entry is not well timed, you might be doing a bad trade. If you do not combine both good analysis and...

Good plan, but not worth risking if you do not have spare cash to replenish your account in the case of consistent losses. I will prefer to use a small lot sizes so that I can use a bigger stop loss...

This will only come true if you hedge well, with small targets like 20 pips targets and in a ranging market. If you hedge in a trending market, then only one position will benefit until you unlock...

To be rich either from forex or from any other venture in life, you will need to keep abreast of any changes involved in that industry and this requires constant learning and practice. You need to...

The basic thing is that you have to make most of these rules for yourself and they form part of your trading plan. For instance what time frame you use to trade, what lot size you risk per trade,...

You can get free forex education from anywhere on the internet by searching, but the truth is that you will always pay the price for such knowledge by some loss in your account. This goes as the...

Quite true, and the problem with such robots is that once the trade goes against them, then large loss will result. I think there should be an option on most robots where you can set the lot size to...

When we say that yourself is the true enemy, it means that you are the only one that can defeat yourself in forex trading if you enter the market unprepared. So when you have an enemy what do you...

It all depends on your level of expertise in the field of forex trading. Hedging requires an all round knowledge of the forex market (fundamental, technical and otherwise), knowing points at which...

I believe that we can request for ebooks on this thread right? Well, I need the ebook by Thomas Bellowski or something. It is on the candlestick encyclopedia of chart patterns. If anybody has the...