Recent content by Balladotus

you got lucky, lol. usually when there are false signals which indicate a breakthrough or vice versa a pull back, folks inevitably lose such positions. as you see one pattern indicaiting one thing, and then it turns out to be just a dust in the eyes. in your case everything went more than...

It depends what you are looking for in the market for the most part. Gold is more volatile than Eur/Usd as far as I’m concerned. So it can give you higher potential profits.But on the flip side more losses too. In short I think that better is the asset that you know. Meaning the one that you...

For me, there is no specific currency pair, but I can say it is the Japanese Yen pairs. I am focused on this currency and traders all the pairs in which the yen is included, but mainly USD/JPY, EUR/JPY and GBP/JPY. I like a more dynamic trading style and the Yen pairs offer that volatility that...

I evaluate continuous acquisition of knowledge in forex trading as something essential and incomparable from the point of skills development. Some traders are convinced that only first-hand experience brings real skills, but I'd say that learning theory, examining strategies prevail in this...

On the Internet, you can find a lot of resources offering free trading education materials. Among them, there are many free and high quality, so I'm sure you can easily find the right ones. Here are a few sources of such training materials: 1) Your broker. Some brokerage companies provide quite...

It can be learned. It's true. But.... character is also a very important part...it's innate. There must also be discipline. I would say that any business is 1% talent and 99% persistence. If a trader or a private investor has been doing it for a very long time and is a responsible person, he can...

The main reason why traders lose is their own incompetence in trading and of course lack of experience or huge mistakes. Traders don't have any protection or resistance to mistakes, they are just ordinary people and mistakes are good way to improve the skills and develop as a trader. Sometimes...

Welcome! Actually, if you have decided to join our community just because you want to learn trading then you mae a right choice. It's cool that you're an economist, because you will be able to understand all the processes which happen to market. In my opinion, economists are the best traders...

It is hard to make forex trading your main source of income because you need a huge budget if you want to provide yourself with your profits. I think that an experienced trader should expect to make about 2% monthly, so you can calculate how much money you need to have on your trading account to...

In most of the cases I trade majors because they are the safest and the most predictable assets on the forex market. However, recentky I came to the conclusion that minors or exotic pairs can give more profits if I know how to trade them. So, this year is going to be full of learning and...

Well, it is impossible to calculate the importance of each feature but I wouldn't say that the proportion of 10/90 is adequate. By saying that the skills take only 10% of the trading success you mean that the skills and knowledge are not so important. It is hard for to accept this idea. If you...

Great article, which enlights all the aspects of opening a forex broker I guess. I just want to add that those people who have decided to open a forex broker have to understand that they must have an experience in trading activity and it will be very difficult for them to open a broker incase...

Actually it's not a really bad idea, however you should learn all the fundamental things about trading first, in order to gain some knowledge and understand which type of trading and which group of assets suit you most. I believe that rookies would better dedicate more time to learning and...

As I said, the strategy is dangerous. It’s not for all, I agree. But I am sure you have noticed that volatile currency pairs often come back to breach levels on retracements. Another point is that if you are opening trades in accordance with the general trend. It’s not easy to find out where...

No, I mean that if the price keeps going down, I will keep buying the same asset in the same direction. THere are several conditions. First of all, the next trade should be at least 100 pips away from the first one. The second condition is to close the bottom deal when the price reaches the...