In forex trading I cannot make a profit every day, however, loss is also part of trading. The market has a character with dynamic movement and very unpredictable, that is why we should have some patience and not hurry things to make profit as it will result in the opposite.
Maybe you are right news from the broker you are working with are not reliable. I think they will not want you to win a lot from the market. So it is a common sense of a trader what he follows. He must see general news sites that are neutral so that he can make better decisions.
I have seen some martingale trading bots last year and people were marketing them heavily. I have also tried one of them and they are infact good if we have a normal market but it will kill your account if the trend is strong.
We are scared when not having enough knowledge and confidence in trading. You may control many bad habits and fear with practice only as you will know what you are doing wrong. Bad habits are different and change individually. almost all traders know when they are in hurry or do trading without...
You can not remain relax while choosing risky way that is not easy to handle for most traders. Nobody knows when market will behave uncertain at any breaking news. Forex trading is safe when traders determine the reasonable risk for trading that will not going to blow your account in even...
Patience is a key quality of good trades that made them huge profits. Sometimes, it gets boring to be patient in the forex market but trust me, it has the long term benefits and balance to your trading.
Look for VPS that are providing separate plans for forex trading service. They must offer servers in European countries as they tend to work out best. Before trying any VPS, use in demo account to see if there are any glitches.
Nobody is a professional at the start. All traders have an initial stage, where they do mistakes, face losses, even blow their accounts many times. This is a process through which we have to pass to go to the road of success. We cannot make higher than our skill. One tip that I can add is to...
Not an easy thing to create your own forex trading strategy.
We can read this thing at many places that a trader should create his own strategy but it takes lots of time and practice to apply different strategy and find out which method suits you more according to your mindset.
The common mistake newbie trader makes while starting their live trading is to start with the standard account. For all the new traders, my advice is to start with cent accounts that will give you more margin and lower lot size for your funds safety.
All expert traders come from beginner stage, so maybe you still not making profits regularly, but with high dedication and learning, you might become one expert trader as a professional trader. If not yet ready to start with real account, hence demo account can be used for learning and...
My own trading experience with FxGrow has been very good and i did not face any problems since i started trading with them 1 year back.
Earlier i was dealing with a Market Maker but then after getting losses i was looking for a Forex Broker which offers ECN trading.
FxGrow has ECN Plus account...
Yes, that is true as a day trader in the Forex business you can be sure that you will stay out of the markets when the situation is not in your favor.
And this is why many traders prefer to do only Day trading :D
Yes, It is good to setup a Stop Loss of more than 30 pips because we all know that markets will have Retracements at any time and that can cause us to get more losses instead of the profits :D
Forex trading will actually keep on changing and we have to learn how we can adjust to this business and keep growing.
This will mean that we must know what is right and which trade is going to give us a good income :p
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