Recent content by emily_smith

Never be greedy, your greed can drag you towards the huge losses.

I agree with you, people start trading just after learning basics of Forex. Which lead them to losses; consequently they quit trading after some time. Without proper knowledge and patience you cannot win the battle of Forex.

Yes, i was fantasized. Before diving in the real trading world, I was so fantasized about it that even I used to think that if once i started trading soon i will earn lot of money from it. But the reality is totally different as you all know. Initially focus should be on learning only not on...

But don't forget that more greed can even blow up your account.

Most of the traders join Forex in the hope that soon they are going to be super rich by trading but it never happens and most of them quit trading very soon with heavy losses. As Rizog said that trading requires patience, knowledge, good experience and off course good strategy to be successful.

Yes trading is risky even after having proper knowledge of every factor you can not be 100 percent sure about your trading decisions. So be prepared for any kind of result while trading

Absolutely true! As in your whole life you cannot stick with the same strategy you have to change that from time to time, and demo is like a laboratory where you would like to test your every strategy before implementing it on the live account.

Well said, the more you know the more confident you are. Knowledge gives you power to control your emotions.

It seems you started trading at a very young age and you have been trading for so long. How you got attracted towards Forex at such a young age and most important how did you cop up with your emotions in your initial days of trading?

Yes, absolutely it is applicable on all the traders. Every trader would be extremely happy to see that.

Patience, knowledge and experience, all three are very important for being a successful trader.

I agree with you Learning is the very first step in trading.

Before investing your money in Forex, it is advisable to invest enough time in learning about Forex world. please don't start trading just after reading few articles and watching few you tube videos about trading. you can not learn trading in few days, it require time, patience and passion. Good...

Few months back i was also facing the same problem. you are right, initially it is hard to focus on all economic events and how they affect the market but it is not impossible. choose two or three major trading pair like EUR/USD, USD/CAD or any currency pair you of your choice. Then start...

A person who is passionate about Forex world and is very keen to learn about trading can become a trader, trading is not everyone's cup of tea, as it require lot of patience, hard work & learning attitude.