Recent content by carnelian

You can remain update with different offers, deals and other trading promotions through different brokers and avail best deal for your account. If you are stuck to only one broker you will be bound to do what they offer. Trading with different brokers is safe and have a variety where a trader is...

Strategy is not a start of trading this level comes after when you had some experience of trading. Star of forex trading business is from learning through different mediums and I will not say go to live account and trade their to test what you learnt . First make your self trained on demo for...

Of course achieving any goal is difficult we can not say exactly how much time will take to get our desired profit target. I do not think it will easy to say this much is possible in a month or in a year. You have to analyze and evaluate your success ratio on monthly basis then you can make a...

I see a lot of people who lost big due to crypto trading. All financial markets are risky but when you had no experience and control on market you can not gain any thing. For better results a person should try forex trading than of crypto because it can be possible with small amounts.

I am trading GBP pairs before the US elections and I kind of liked them so now I am just trading the GBP pairs during London session and they are more than enough to make good pips daily.

If you are looking for indicators to tell you overbought or oversold things, you will get rekt when a strong trend starts. It is always better to look at supply and demand zones so you can take better entries.

London session is the best time for making new entries and London New york overlap is the time to take profits. If you fail to take profits at right time, it can just reverse on you in New york session.

A trader should not think forex an easy business he should work hard to get all practice and skill to cope with the market. If he is having low experience he will face difficulty in analysis making as well as emotional control. He can do decisions in a hurry that can be affect trading outcomes...

It is right that ads are playing an important role to join forex because when people see the attraction that with just $5 or $10 you will become a rich man and some success stories are also added to these advertisements they say forex is the only solution of their money problems they can change...

Every newbie comes in forex thinking the same and then they do the mistakes and loss money. Those who are determined, start to look for the real ways to make money from this market and then they understand, it requires learning and getting the skills before you make money in forex.

It is true you need a long journey to gain knowledge and skill so that forex can become a living for you. However part time earning ans small profits are possible after some months when you had done enough practice on live account.

I have seen the people who are doing it full time, they have given years to this market before they got to that level. We cannot expect to go full time just after 1 or 2 years simply.

The first mistake is to avoid direct trading on live accounts without having any experience of demo trading. We cannot say demo trading gives us a real experience of trading even then too we can not avoid it. It is important to train a trader and if you do trading on demo accounts you can become...

I like the last rule you mentioned and that is where many of the new traders do mistake and try to compound. Market will take back the profits you made and it is a very good habit to keep withdrawing part of your profits regularly.

I do not rely on EA, Manual trading is best for all reasons. People who enter in forex business are in search of shortcuts to make quick money from forex trading. As much you will be in a hurry you will make wrong decisions. It is suggested to do manual trading that enhances your trading skill...