Recent content by Nickluder

Seeing a forex market as a money factory is a little bit naive approach to forex. It is true that you can profit from its volatility but that requires extensive knowledge, dedication and experience. It is hard work actually

The first step in forex trading is to learn the basics and fundamentals of the trade. Gathering as much knowledge is crucial for your survival. Another major step is to start demo account trading. Spend as much time there to see what are your skills and weaknesses in forex trading.

Yeap fellows Read ""Rules for Trading"" 2.2. Scalping: Stop Loss, Take Profit and Pending Orders must be placed 50 pips or more away from the current price; Most of your trades must be held open for at least several minutes. 2.3. News trading: Placing, modifying or deleting pending Buy Stop and...

Every trader must be mentally strong while trading because you need your full attention while doing the trade. It only happens when you pay full attention to the market that where the market is going and what to do now. Than you might be able to do a trade.

My worst trading habit was that i used to over-trade. I couldn't control myself and let my nerves take the better of me. Patience is a very powerful tool in forex trading. You can't expect to survive in forex trading without it. I hope that you will learn before any losses.

People are afraid to invest in forex for different reasons, one of the, is that they don't know a lot about this market, and uncertainty is itself off-putting. Also, the negative experience of other people is very influential.

You need to place your stop loss atleast 100 points above the fibo lines as the market shows fake trends which makes the traders confused. You have to wait and watch for some time when the prices come closer to these lines as early decision can be costly for your account. Stay profitable!