Recent content by holycow

Week time multiplication is too long in my opinion i saw traders loses money in a single trade just they think its all about playing a slot machine in casino where you just have to push the buttons but trust me trading is not that easy pushes.

Again this pair is cross with the USD so it can't be an exotic one in my opinion.

I bet many new traders join trading industry thinking its just all about pushing buttons and making money like casino slot machines.

Practice and learn to control your emotions, bring some discipline and focus on your strengths. I believe you will soon overcome this.

Signals in my opinion are always hard nuts to crack so better going to news sites and doing some of own research instead of relying solely on such signals services.

Exotics are basically less popular or pairs with no USD in cross, they usually have high volatility or less liquidity as well. So the new traders should trade major pairs in start rather than going behind the exotics unless they have good hands on technicals and fundamentals.

The trading business requires consistency, some losses money while some lose money chasing their lost money however those who let go off these losses and learn from their mistakes eventually become successful.

We can go for a demo account and practicing it while learning.

Good habit in my opinion, i guess every trader should review their trading journal periodically and check for improvements which can take them light years ahead of other traders.

The gold market was in buy and those who bought also had made a lot of money yet in my opinion gold is more or less highly reactive to news so be careful while handling this asset.

Agreed to you! Lot of discipline, consistency and focus is needed in the trading market in my opinion.

I see most new traders after reading books or going through youtube videos come into market to become a liquidity lol, some lose money and leaves the market while some learn from their mistakes by letting go off these loses and eventually become successful trader in future.

Agree as demo accounts can be helpful in learning without investing or losing any money. Yet if we lose an money in demo we learn from our mistake.

In my opinion VPS is required only when you are planning to use EA however EAs use can be tricky and may double the trouble if you are not a coder yourself since they are coded to follow technical analysis. They also requires monitoring during the highly volatile markets.

I guess 6% profit is a handsome amount to be sought after which compounds and can yield more than expected in my opinion. Yet slow and steady wins the race, if anyone looks for higher rewards chances are that they will take high risks plus higher leverages which can lead to losses as well.