Recent content by Investfox

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    What pairs do you usually trade ?

    The Most Commonly Traded Currency Pairs in the Forex Market by Volume ; USD/CHF, EUR/GBP ; GBP/USD, AUD/CAD ; NZD/USD, GBP/CHF ; AUD/USD, GBP/JPY ; USD/JPY.
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    How do you handle your losses?

    Start small and take little wins before gradually raising your size back up. Always have a stop-loss set in stone for the trade and a max-loss for the day. If you trigger them, then go right back to reassessing and refining your strategy.
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    Searching High leverage brokers!

    eToro – Overall Best High Leverage Forex Broker. ... XTB – Up to 500:1 Leverage. ... Vantage – High Leverage CFD Trading Forex Broker. ... Pepperstone – Top Broker for Raw Spread Accounts.
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    Where to start?

    Open a brokerage account. Set a stock trading budget. Learn to use market orders and limit orders. Practice with a paper trading account. Measure your returns against a fitting benchmark. Keep your perspective.
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    Best trading strategies

    Day Trading Forex Strategy. This is among the winning forex strategies many traders use, but it is suitable for those who do not want fast-paced or high momentum trading
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    Discuss What do you listen to while trading?

    The short-term benefits of music are great because if you listen to something that you find calm and soothing while trading, you may perform better.
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    HI Whats your best piece of advice to get trading

    It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you.
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    Are you addicted to trading?

    Day trading is addictive for the same reason that gambling is addictive, and it has to do with the brain. When a day trader takes a profit, or even gets excited about a potential profit, the brain releases “feel good” neurochemicals such as dopamine and serotonin.
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    How long do I have to trade with demo account?

    Demo accounts are valid indefinitely. Accounts of this type will remain active as long as you log in on the trading platform at least once every 10 days, i.e. you connect or reconnect your account to the server at least once every 10 days.
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    What is the best way to get started in trading?

    Understand how trading works. See examples of trades. Research the available markets. Know the risks of trading and how to manage them. Learn more about trading styles and strategies
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    Music to hear while trading? (if any)

    Whipping Post by the Allman Brothers Band. That's Life by Frank Sinatra. Superstition by Stevie Wonder. The Glamorous Life by Sheila E. You Gotta Be by Des'ree.
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    Manual Trading or Algo/EA Trading?

    Algorithmic trading helps you to increase your profitability while trading in the stock market. However, it is associated with risks and obstacles such as system failure, disruption in internet connection, and wrong algorithmic instructions.
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    Binary Options - What are they and how do they work?

    A binary option is a type of options contract in which the payout depends entirely on the outcome of a yes/no proposition and typically relates to whether the price of a particular asset will rise above or fall below a specified amount.
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    How long do I have to trade with demo account?

    Demo accounts help new traders to easily get familiar with the whole process without risking a real money. You are provided virtual funds which you can spend as you like, and the main idea is to prepare for real money trading in the future. Hence, as soon as you are 100% ready for the real...
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    How do you handle your losses?

    I personally learned a very good lesson when I was taking my initial steps in Forex trading, which is to control my emotions. When I experienced losses, I tried my best to keep calm and don't get angry, or else even worse things would have happened. Apparently, my approach had tremendous effect...
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