Recent content by Mike James

Over-trading is the most pervasive and harming trading mistake among traders. As a Forex trader, you can possibly enter a trade 24 hours per day, around five and a half days a week, and this day and night compulsion to be in the market is about powerful for some individuals. To be sure, numerous...

It is the broker where you will put all your money. A bad broker can ruin you trading career. Moreover if you are a scalper you should find a broker with low spreads. Not all brokers have good trade execution. It's also a reason why selecting a appropriate broker is important. Choose your broker...

Yes I do. Having a trading plan very important in forex trading. The type of trading plans varies from individual to individual. Each trader has his own particular trading arrangement. Like in my trading plan I for the most part trade in New York time session. I find this session more liquid...

Avoid gambling excessively of your capital on any one trade. As it were, don't over-leverage! Take the word HOPE out of your trading lexicon. Control your hazard. Continuously USE STOPS. Live to trade one more day. Don't get serious about a losing position unless it is a piece of your trading...

Most individuals don't understand that for forex trading you require incredible learning and capacities. They expect that trading is just acquiring and offering money related measures. They take in some marker based procedures and deduce that it will help them to get rich overnight. They don't...

Demo trading is basically to know how the trading mechanism works. Well ordered directions to open and close a trade. The best strategy to use MT4 for trading. In any case, the honest to goodness learning begins when you start to trade with authentic money. Trading with authentic money...

I think you do not know how bonus works. Bonus is not withdrawal. No broker will give you bonus amount to withdraw. I am trading with MaximusFx for about 6 months. So far I see everything is going smoothly. Customer service is also good.

Loss is the piece of forex trading. It is for all intents and purposes beyond any doubt that you will defy some loss trade paying little heed to the likelihood that you are ceaselessly making advantage. I general keep a journal where I note down all my trading history. It in like manner merges...

It one's personal decision. If you are an amateur, you can contribute 100 to 200$ for learning reason. When you get enough data and capacities you can extend your wander. Minimum deposit aggregate in like manner changes from broker to broker. You basically need to pick a not too bad broker for...

Yes you are right. Demo trading is basically to know how the trading mechanism works. Well ordered directions to open and close a trade. The best strategy to use MT4 for trading. In any case, the honest to goodness learning begins when you start to trade with authentic money. Trading with...

Demo account is completely required yet deficient for a novice to twist up detectably productive in forex trading. A specialist trader reliably demonstrate a balanced point of view not at all like an amateur who will settle on rash decisions. It is procedure and in addition mind control...

Yes. It could be possible if you can develop a strategy based on D1 charts. It will be a long term trading system. You will take entry on D1 charts. It could be after closing a D1 candle. Or after price makes some retracement. It will depend on your strategy. I personally trade on D1. But the...

Every pair has its own specific characteristics. You have to find out your own trading edge. Only you know what you understand the most. Learning is a long term tedious process. Everyone has to go through it if they want to make consistent money in forex trading.

There are two noteworthy methods for trading. Those are technical analysis and fundamental analysis. A few traders utilize technical analysis as their trading instrument, some are utilizing fundamental analysis for their trading. Also, there are traders who consolidate both technical analysis...

Most amateur traders jump to open big lot size as it brings immense profit. But a big lot size can transform into a bad dream. You can get a margin call. Don't risk more than 2% of your capital. You didn't say how much capital you have. Lot size depends on trading strategy and capital.