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From my experience, there are basically two ways to trade like this naked trading. Either the trader is gambling or using price action based on previous market action and reversal levels. Anything...

If you do not learn the basics of how to trade forex and you just rush in, then you will experience loss. It thus follows that most of the traders who trade in forex for the first time do not get...

A forex robot based on programming should also be able to predict where the market will be in the next few hours and also take a trade for you in that direction based on the preprogamed indicators....

If you already have a healthy profit then there is no need to use a trailing stop, just move your stop loss to point where you feel comfortable with the profits and then let the trade run or use a...

You are quite right, and let me put it this way, that it is not enough to know what to do, you also need to have the drive to do it at the right time. Discipline works hand in hand with timing and...

Following simple rules become difficult on the part of the trader because he has refused to discipline his mind and his emotions. If a trader discipline his mind, then he will not enter the market...

It is not really possile for every trader to have an equal knowledge. The only benefit is that every trader should bring something to the table. What I mean is that if one trader knows how to trade...

You can reduce the amount of time that you spend in front of your computer system if you can change your trading system into an EA. If you are getting good profit from your trading system you can...

My current earnings do not satisfy me. I hope to make a lot of money from forex trading but I know that I will need to invest more. Right now I do not earn more than $20 daily but I am looking...

Not exactly so, if you have little money to trade with, you can decide to use a little portion of your account. Say for instance you have $20 to trade wi th, then you can use 2 cents per pip to...

This is very true because the market moves in cycles and what has happened before might likely repeat itself. Constant study of historical trades will give you a hint of where the price might likely...

You do not need experience to trade with EA. Just buy a robot and install it but only install first on a demo account. You can use EA on demo account and still be learning to trade by yourself at the...

Fear has nothing to do with aggressiveness and also aggressiveness does not have much to do with your profits. All that your profits rely on is your strategy. Is your strategy profitable? If Yes then...

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...

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...

The idea is that the price will not go back for up to 200 pips before hiting a target of 10 pips but this is not always the case. If you enter at the end of a trend and the trend reverses, then you...

It definitely takes an understanding of the forex market to be able to withstand some level of floating minus. The bigger the amount in the floating position (irrespective of the number of pips), the...

In the detection of true breakouts, then we need to have seen a strong trend in the direction of the intended breakout. If for instance there is a key support in EUR/USD at 1.3025, and currency...

I would say that everybody is a beginner in forex even though he has spend up to 4 years in trading forex. There is always something new to learn about forex but if you say you are not a beginner,...

Quite right, forex is just like martial arts. You move with the flow and not against the flow. If forex traders can understand this then forex trading will be easy. Moving with the trend nd not...