Recent content by Richard Persa

The pound is rising while May said about Brexit in time. But I don't believe in the Brexit before deadline. The period should be extended so the GBP will be volatile for a some time.

Professional trader will earn more pips but the amount earned depends on the lot size that depends on the risk management. I've never though about what amount should be taken acording to the broker behaviour. I think that if you trust the broker you trade, but if don't, stop trading here.

I expect for a level of 1.2725 testing. My predictions based on the fact of narrowing of the amplitude. The breaking of 1.2725 is unlikely, and after testing it will be a breakthrough down to 1.2530 support.

Every year he queued up to buy an iPhone and stood in line. And when his time came, he returned to the end and started anew. ahaha :-)

Trade on own money is the second step. Firstly, trader should learn he basic principles of forex market. It will be easier with an experienced tutor. One question for you: can you ride a horse? If you don't, so try it without a teacher and you will see :-)

I use historical levels to determine resistance and support. Fibonacci levels showed several times inaccuracies in my experience and I stopped using this method of determining levels. Earlier, I used an extended range of 23.6 levels. 38.2, 50, 61.8, 78.6, 100.

I trade using res/supp levels and according to the trend. And you?

But, trader should learning every day, try to expand knowladge. The world is changing every day, the market is developing right now, thus, trader should be able to learn and adjust every time when market changes.

Before you start something your own, you need to get experience in what already exists. To create your strategy, you need to know how different systems work, on which principles the main ones are built.

The most important factor in this way is do not hurry up to trade a big money. Beginers often have a problem with patience and start trade a huge summ before getting some experience. It happens because of absence of real profit on demo (you try to do your best but what you get is oly experience...

Emotions will never be handled if trader is not ready for losses. Forex success is a positive difference between losses and profits.So, trader should be sure - losses will be.

Once I managed to close +200 pips when my trades stay on weekend. but its risky. I know that there is a big chance not to guess. Moreover, if you are beginner, it's not for you because you should concentrate on learning strategy but not on your luck.

Wow, there are a lot of unachivable results for me:) So, I make from losses -100pips to profit +100 -150 pips per week. But sometimes it can be one trade more then 200 and sometimes about 30 pips, depending on the volatility. I trade GBP and time to time it shows a big fluctuations.

Can we say that the uptrend is finally broken? I think yes. I see here a signal for a decrease to 112.00 and then up again to 113.00 with the possible formation of the figure "head and shoulders"

I began to invest only on the advice of my friend. I was scared to do this earlier because of the fear that I do not know. Now I can say with confidence that I do not regret investing in forex. This is a really good source of additional profit. In order to drive away your fear, just study this...