Recent content by Melvin Leon

Don't kniw ehy you faced this. Hope your problem has been resolved by now. Recently I have started my trading with MaximusFx. It has been 4 months I am with them. So far everything is going smoothly. 5 times I have withdrawn some profits without any hassle. It's almost instant. I like their...

First of all be informed that making money in forex is not easy. You have to be skilled enough. And there is no short cuts of learning. It will take times. Forget about 3 moths or 6 months, it takes years to be consistently profitable. The earlier you understand, the better for you.

What works for you is the best for you. To any indicator or system, every trader adds his/her emotions, and perception. That's the reason what works for you may not work for me and vice versa. That's why trail and error method is very useful in trading. By studying amd testing you have to find...

Managing risk is the most important and ignored aspect in trading. I mean all unsuccessful traders do not have any risk management policy. I do not risk more than 1% of my capital in a single trade. If I open more than one trade my maximum risk percentage is 2%.

Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.

Psychology is the most important and most ignored aspects in trading. Most traders do not have any idea about this. They think their strategy is not good. They always look for a 100% proven strategy. And it takes time to improve your psychology. You also need to read about it as much as possible.

Yes fear kills many traders. The most dangerous fear is the fear of losing opportunity. The feeling of am I missing any trade is dangerous. As a result people open trade even if their strategy has no trade. They force themselves to open a trade.

@Ken is right. It's probably the spreads. Spreads are the additional pips added by broker to real market price. Then too you can talk to your broker. Ask for an explanation. But usually it is a common phenomenon in the market.

I want to say something to all the newbies about demo trading. The purpose of demo trading is to know how the online trading system works. It has another very very important benefit. Demo account is to use to test your strategy. To figure out your risk reward ratio and winning ratio of any...

Small investment is not a problem when you are new. You need big investment when you are skilled enough. If you focus on making money from the beginning, it will take years to learn the trading. First one year treat yourself as an intern. Money you will use this time to experiment different...

Dealing with loss is painful task. You have to learn it gradually. It is easy to deal with losses when you know your winning ratio. It may not be possible that every time you will win. So you have to know how many times you can win. The problem is we want all our entry profitable. Trading is a...

Yes it is a world wide business. Due to the advancement of internet, people from all over the world has access in online forex trading. In some countries government doesn't allow online forex trading. You need goverment permission. But then too people from those countries are doing trading online.

Even those who say I do trade for fun they also do it for money. It's fun because there is money. And you cn take trading as a source of your living only when you are consistently making money. Trading is a serious business. You can't take it otherwise. Any work can be fun if that work is your...

Where there is money, you will find this kind of people. They try to make money out of people's emotions. To survive here you have to be smart. People get fooled by them. The reason is people always try to find the short cut. They are so involved in their thought that they can't see the right...

Yes every trader should focus on increasing trading abilities. Trading is not any easy task. You need specific knowledge and skills. Those knowledge and skills doesn't just come to you. You have to achieve it. To achieve it you have to study a lot. And it also takes time. There is no short cut...