Recent content by Qasim waqar

Such spikes happen sometimes due to high impact news that make the market move so fast and some brokers also manipulate this news release a bit to hunt most of stop losses.

As a beginner forex trading should not be for earning, it should be for learning purpose. With time most traders will get knowledge in a particular time period. Making money is second step that will require years to know this art when trader is able to understand, analyze and predict market.

If anyone is taking that chance of doubling money in one trade then he is not trading and just gambling. That one trade can blow the account as well so we should take trading as serious business.

Are you sure that you use same broker for news trading and is your broker not giving you spikes on high impact factor news and missing your Take profit or stop loss.

Everyone says to do demo but the problem is when you start feeling good after few winning in demo account. Then you face the real market and things got complicated. I suggest to make a trading plan before you enter in real market.

Each trader has its own reasons and weaknesses for loss. We cannot say all are suffering from same problems. I also experience the great loss due to different reasons. Important thing is to learn from the mistakes and not repeat them.

I think we should not always blame new trader for mistakes that they make as a beginner. It is for everyone. They will only learn from experience and practice. All negativity is not due to traders, forex itself is a difficult and volatile market so have patience to learn and earn.

Money management and revenge trading are two problems for me. When trades are going in loss then I start to lose my patience and things are ruined.

The easiest way to apply any strategy is to develop it by yourself. You would not feel comfortable with others way of trading. Creating our own strategy is based on our own experiences and little adjustment to the analysis method and money management we make.

Trade with more brokers or divide your invested amount in 2 or 3 accounts . It will give you a sense of security if one account is in danger other amount will be safe you can grow it with another strategy. Trading with 2 or more brokers is a good idea when broker had great strategy in trading to...

As far as I remember, Forex trading is not allowed in India or at least not allowed for business. May be they have made some changes in their policies. So be careful if you want to trade with them.

More expectations than your trading skill will misguide you , you will try to get these expectation in short spam of time . As a result loss will occur , This first cause of failure when trader not get skill wants profit like professionals are making in forex market. Lower percentage of...

There is no end of expectations specially unrealistic expectations are more than expectations . On the other hand our knowledge and skill is limited. Frankly speaking we are not able to get all expectations even with high skill . Low expectations are better than of high because they not make you...

Big profit trades seems popular for every trader but only some can find these wins. Rest of traders have to be content on small pips. Aiming towards big profits is a cause of loss as well in forex market for those who had no experience to deal with this type of trading.

I favor small winnings than big winning. It is easy to get one big win but maintaining it is hard. That is mistake most new traders make by aiming for big pips. Just keep your trading targets small and you will be on road to success.