Recent content by philjordan987

Patience is the must in Forex to achieve big results. In forex, it is not easy just to place the trades and earn the profit. History of the instrument, market behavior and a lot of things are needed to be kept in mind. If it is placing small trades or intraday then you can avoid patience but if...

I believe all the mentioned points are the reason for the losses. Yeah, we cannot blame your luck every time for the loss of the discipline, fear to lose and sometimes the greediness is the reason for the loss. It is important to have a balance of all the things and stability.

Forex is not a scam but there might be few people who may look to fool the newbie in forex. Newbie should be aware of such people and should choose a good broker for themselves before getting into trade and avoiding getting fooled.

Leverage means the when the margin is use to increase the buying power. For example if 10:1 leverage is provided to you and you have $1000 in your account then your buying capacity becomes $10000. And swap means the charges imposed when you keep your trade open for more than 24 hours.