Recent content by Albert Dcosta

A trader has to prove himself either any strategy is useful and result oriented or not. He should not rely on the opinion of others until he is not getting satisfactory result from any strategy. The best way is to test on demo and practice on it again and again so that he will face less problems...

Nobody will be successful without RR plan. It is best way to control loss in trading. Any trading can not recover all the loss you bear , it need a further wise plan to deal with losses. One should quit from trading for a while until he not crosses emotional state of mind facing by loss then he...

You are like majority of traders who like EUR /USD for trading it is easiest pair that is also basic and other pairs are also associated with its movement. Then it has liquidity in market and even small investors are able to get some pips in a day when they do trading in EUR/USD. I feel...

I am doing trading on EUR/USD and EUR/GBP. I fell nothing change in my trading after elections. Although changes i market are here as current news and affairs impact on financial markets but a trader has to see what is in in market he decides according to it. I am more careful after US elections...

Avoid trading without a stop loss because this will lead you to do martingale and that will be disaustrous for your account and it will be blown in matter of a big move.

Still it will not have the emotions that comes in real accounts. It will definitely give idea of what lot size you should be using when going in live account which is still a ver good advantage of practicing in demo.

There are so many trading pairs in forex market I think many of traders even not know the names of these pairs. A trader can trade only those pairs in which he has practiced well. Normally we do trading on 1 to 5 pairs or some more. Major pairs are the first choice of traders because they had...

It is safe to act upon rules, because rules can escape them from bad times. A real trader never stops using stop loss he also have a target to make pips but in my view he should do more focus on risk management then gain from market. Any sudden jump is not a right way to get profits only their...

The 1% per trade depend on your account size If your account is 500$ then 1% is not a big deal. I would risk 1% if my account is about $5000 On smaller accounts we can always risk more than 1%

It is just a tool to limit loss and One can trade without it any time he should not depend on stop loss totally it is not a final way to manage your risk. Do trading with or without but keep in mind risk management is your main goal, it is up to a trader how he deals with the risk by monitoring...

The trader has to find the best time of trading for him. It can be different according to your trading style, available time, and investment. For good movement and a volatile market, you should try London and NewYork sessions. If you are not easy at this time you can avail of your free time...

Honestly, it happened to many traders they do not blow up their accounts consciously or in greed. The actual reason falls with their low skill and having no plan for trading. When they do trading they are not aware of what will be the outcome of the leverage, lot, and margin they are using in...

I think the most of the traders discover Forex market wrong they are just attracted by its earning promotions. They are having not any idea that this business will not a money making machine they just want profit in any case either they had skill or not thinking that just investment is the...

Yes,it is the biggest reason that makes traders disappointed. They deal in demo with high capital and invest a little money. They expect the profit which they made in demo trading. The habit disturbs traders when they take the ris as they did practice on demo and they are not able to get more...

Manual trading is the better option as most of the EA I am seeing in current market are just Martingale. Different companies marketing in different ways to say it algo trading but the truth is they are just martingale EA. If it has to be martingale, it can be done better manually.