Recent content by Nisoro

Market gaps occur when the market stay close due to holidays. So when it opens on the next day or after couple of days then the gaps occur on the market charts. You have to end the trades on the closing of the markets as these gaps can be devastating for you and are difficult to predict.

As any other business, trading also requires to set the short term as well as long term goals. You must have one long term and two or three short term goals here on this market in order to gain success. What do you people think about it?

I want to mention a common mistake that most of the traders do. Most of the traders trade too much when their one or two trades do go in the wrong way. They trade with larger lot sizes in order to cope with the loss and in result a worst scenario occurs for them from where they can not come out...

If you are going through a bad patch of the time on the Forex market then you need to stop for a while. You need to focus on the mistakes and reasons why you lost the trades. Try to fix the strategy as soon as possible in order to take your money back.

Yes, it is true that people enter the Forex market with the greed of money and they always lose here. This market requires a lot of dedication and hard work to achieve success. All the people are requested to stay away from the scams and put the greed far away as well.

You are advised to trade in a single time frame at a particular time. Never see all the time frames during a particular period of time as it will confuse you about the trend. For example, if you are trading in 1h time frame then do see the charts of 4h, 1d, etc.

Stop loss is an aid to stay away from huge losses if one knows how and where to place them. Many experienced traders suggest to put them according to the risk/reward ratio. SL depends on the amount of money you want to invest on a currency pair.

Yes it is the fact that patience is the necessary factor for gaining success on the Forex market as this market plays with your feeling quite amazingly. You need to practice on how to strenghthen your emotions and feelings while trading on this market.

Forex is the market where trillions of dollars are exchanged daily. The sellers and buyers move the market and if you are going with the winners of the trend than you can achieve huge profits for sure. But you also need to know that it is not too friendly as one thinks.

Money can also be lost because of stupidity and naivety. They watch an advertising in which it's said that you can make a lot of money easily and quickly and invest money no one knows where.

Well, there might be a little excitement in trading, but I don't have the heart to call trading a game. These are completely different things, if you know forex well.

This amount doesn't exist at all for me. I always deposit as much as I can. I don't welcome a limitation to a certain amount.

I appreciate your interest in the Forex trading but I advise you to learn about it properly and then start practicing on the demo account and gain some confidence. I ask a question from you that is it wise to drive a vehicle when you dont know even what a gear is?

The first month of trading is always being challanging for every trader. If you have good learning skills then it will be fun for you. I always try to learn something from my trades even now. if it goes wrong then build a new strategy and practice it again on demo account.

I totally disagree. You can trade on the Forex market but you need to learn some basics of the market. You have to find the answers of some important questions including are you a mentally strong to control your emotions? Which catalysts move the market? Have you built a strategy for your trades?