Revenge trading is the worst thing ever happened to many traders. I guess, it's impossible to revenge the market, because it's stronger, bigger and more influential.
All this emotionally-embellished stuff never leads to smth positive. That is the reason why it's advised to learn emotions...
In my opinion, it's a challenging thing to master you trading strategy in one step.
I'm used to testing all my strategies preliminary on the demo account, at least for a while. I must be convinced of at least minor efficiency, thus I'll have a vision what to improve further on.
If the strategy...
For me it’s not the currency pair actually. I think it’s gold.
In any case it’s hard to say because I need to have all the stats right in front of me. But I think it’s either gold or some GBP pair, like Gbp/Usd or Eur/Gbp.
The latter is extremely volatile but can bring decent profits. However...
I suppose you mean the absence of a trading commission when you talk about commission-free brewers.
But the majority of the brokers are commission-free in this instance.
They provide both commission and spreads only account types so that you can choose the one that aligns with your trading...
Earlier it was a big problem for me to handle losses. They often had a devastating effect on my psycho. Over time I learned to avoid really big losses and it’s much easier to take smaller ones and go ahead. Losses are inevitable in trading. You can’t exclude them completely, but you can make...
It's a shame that there are so many people who don't want to work honestly.
I mean the criminal bosses who organize such scams. It's a shame...
And you know what? It seems to me that most of the people who were arrested at the call center are not to blame.
I mean, they didn't know it wasn't...
There is surely no way to eliminate losses from your trading, unfortunately, but you really need to reduce their total proportion to the successful deals.
For me, the indicator of a success of my trading strategy is the proportion between wins and losses. This actually determines my risk and...
I think that you should expand your knowledge about trading in order to learn new opportunities which you might use if you have sufficient knowledge.
Learning and practice are the most important things for you if you want to become a successful trader. There are lots of useful resources which...
There are lots of resources devoted to trading. You can start your learning here or go to babypips. These resources are credible and there you can find much information about trading written in plain english. Moreover, you can find lots of videos on youtube or even your broker may have some...
It is very important to choose regulated brokers so that you don't have to worry about the safety of your investment. Nowadays there are a lot of scams brokers in the network, so you need to choose very carefully which one you are going to trust. This may be difficult, but it is the right thing...
In general, it is a good guideline for decision-making, because it is a classic indicator of what will happen to the price in the near future. So yes, I can probably recommend it, but be careful, first try it on a demo....
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