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stop loss helps you from loosing a big amount and also does the money and risk management, for newbies the stop loss is a must, it also help control your emotions

trading plan is a plan that is made before the entering of the market, so a plan should be made before you start the trade, but strategy tell what to do when your position is open whether leave or...

by posting on this forum you can make good bonus, and another biggest advantage is that by reading the people comments you can also give a boost to your ttrding about forex knowledge

in scalping you have to take advantage of even a very small price fluctuation, and your position closes very fast, you have to play and then leave the market so in a sense it do resembles a t20...

high leverage can results in high profit but what if the market moves in the opposite way of your trend analysis, obviously the high selected leverage can give you a big loss, so careful selection is...

a trading plan should be the first step of a trader before opening of his position in the forex, i also insist to have a plan B in case of failure of your plan A, lack of plan means lack of profit

i am a little fear of using a high value leveraged trading, so i use a minimum leverage of 1:100 and i feel in comfortable in that because i cant loose much in case of an opposite market ttrend

i think that a lot of strategies are available on the internet, but in order to make a strategy work for you you should first master that and then practice that again and again so that you can...

gold has actually huge price fluctuations so greater spread then the currency trading but trading in gold requires more skills and more equity then the currency trading, being vigilant is also...

i keep sitting in front of the chart as long as i am not cleared and not sure about the type of market whether bearish or bullish and final decision about my trading style is not finalized, till that...

learning is very important in forex because you can not always take chance or completely depend on your luck with the hope to make profit, learning and knowledge makes a lot of difference

yes it is possible provided that first of all you educate yourself in the forex trading and learn, then secondly arrange a good internet connection and working computer to start and setup your trading

all the pints given in the art of trading are very true, but in order to incorporate these point in your trading you need practice of the forex, then eventually with experience and hard work you...

hedging requires a trader to go long and short at the same time to save him from a big loss but still i am not to a level to use a plan b, so for me only plan a without any hedging

i think that you should first of all learn how to perform technical analysis using the candle stick chart and for that i would advice that download some basic level ebook from the internet

yes it did happen with me once that market was moving according to my analysis then took a rapid turn and i lost which i had won, thanks that i had used stop loss to save my initial investment loss...

yes i think that correct followance of the rules help maintain the discipline as well as following your own made verified rules. a disciplined trader also has more confidence in his dealings

discipline helps you in every trade of your life, and discipline has a great importance in the forex trading as well. discipline in the use of skills and proper following of a strategy help a trader

proper selection of the leverage and then not letting greed come in you trading can help make profit. if you do not follow this then complete account balance can be vanished

i think that a trader should never be a hero nor a total zero, but he should maintain his trading in the mid way and not let greed overcome his emotions. he should optimize his trading so that he...