Recent content by Fenrilrajas

watch for chart patterns, key indicators and fundamental data. it's tough to say for sure what will be next, trend reversal, consolidation or continuation. that is the reason why TA lovers adore using such indicators as RSI to detect overbought and oversold levels, as well as they keep an eye on...

CFD in forex means you're making a deal with a broker about the price changes of currencies. You don't actually own the currencies, instead, you're speculating, or forecasting if their prices will go up or down. Your profit or loss depends on whether your guess is right.

Trader should never rush and allow emotions break out of him. This is the most difficult part - to restrain yourself, to abstract from willing to open a position even if you are not completely convinced it will work out. Oodles of mistakes were made because of this, and I believe, only due to...

It is important to understand that forex broker is a company that doesn't create markets for its clients, but provides access to financial markets so that traders can participate in global trading. It is like a ticket search service. You get access to market where tickets are sold. And how...

Everyone is aware of this issue but very few know how to deal with it. And sometimes I feel like some people are not designed for trading in the first place. So the most difficult thing as far as I understand, is to define if your mindset has the capacity for forex trading and then proceed.

You know what they say, fastest way to lose money is trying to get rich quick in the financial markets. It is a lifelong journey, it takes commitment, discipline, dedication, constant learning and patience. Don't go believing in those social media influencer scammers that say it only takes 11...

I use Bill Williams’ AO (Awesome Oscillator) on a daily basis. It’s in my default templates on every trading platform. You can take any trend indicator for this matter. I’ve been using AO since I don't know when, but I think MACD or Stochastic can be of the same efficiency.

Well, all people who start trading are afraid of trading actually. However, you have to understand that all activities which imply risks are dangerous. They're dangerous not only for your wallet, but also for your mental health, however the last one depends on how you relate to your money. If...

Your trading account can be banned if you provide your broker with the fake information. Sooner or later the broker will learn your real information and your account will be blocked. The brokers do ban the trading accounts which violate the rules because there is no broker which wants to lose...

It is easy to be said. I believe that it is an open secret that emotions can do you only harm and they can only spoil your trading results. Basically, there are two kinds of emotions which appear during the trading process. THey are fear and greed. Fear is usually caused after some loss on the...

Often new traders overestimate their abilities, thinking that it's very easy to reach success in this kind of activity. Nevertheless, as we can see it's not like that at all. I believe that traders should wisely approach to trading activity, especially rookies, because they often think that...

I wouldn't call trading a for of art just because it deals with the common sense and logic. Surely, there are no indicators which are 100% correct in their signals andevery trader should know that there is a huge room for unexpected events to happen on the forex market. However, it doesn't mean...

Theoretically, it is possible to become a billionaire trading forex, but I cannot remember anyone who earned a billion only through trading forex. Personally, I do consider forex trading to be a first step to become a billionaire. It is a good way to earn some decent budget in order to start...

Certainly. It's almost impossible nowadays to predicte the price movement while you trading crypto. I think this is the main problemn of cryptocurrency. It is in a strong dependance of news, people and various world events. Of course one can state that this fact only helps cryptotraders to earn...

I think that hoping is somehow can be useful if we speak about trading activity. I consider hoping as a part of a good spirit you know. Every trader must be well-prepared mentally to trading activity, thus hoping is a part of this preparedness, I believe it would be better if trader will hope...