Recent content by adrienneadams

I check the trading conditions and the reliability of the broker. I always prefer to trade on their demo account before committing to them.

Tight spreads can help you save quite a lot. But know that, you will have to take the risk of trading ion a highly volatile market.

Any broker will tell that they are a good option of your trades and investments. But these are also those brokers who cause issues later. So, better go for a trusted one that has lots of reviews on the internet.

Apart from the basic features like spreads and commissions, I think some kind of bonuses are something that can lure a trader to a broker. But as they come with certain terms and conditions, not many are pleased with them.

Got it! What is the fees?

Forex is risky but the risk is also an opportunity to make profits. Those who master the art of risk management can spot profitable opportunities and benefit from the same. Using a risk/reward ratio, limiting risk per trade to 2% of capital, using stop losses etc are the best practices to...

So true. People are driven by greed and look for shortcuts to success in forex. But the only way to earn profits in forex is following a good strategy and risk management. We have to understand the basic concepts and follow the unsaid rules in forex to get long lasting success.

That might be helpful but is it really as simple as copying expert traders and making money? What’s the catch?

To make a living from forex trading you either need to be very good at trading or you need to have years of experience so that you can earn good profits consistently. It is not impossible but it is also not easy. Money management needs to be very good while trading. Decision making, a useful...

How do we know that a trader is performing well? Are they ranked on the basis of max profits only? I doubt that it can ever be helpful in understanding that a trader has performed well.

ECN brokers are most favourable for trading in aspects of spreads, transparency and speedy execution.

It’s true skills can only be developed by manual trading. You learn when you make mistakes.

Yes, these kinds of accounts are useful for beginners as well as someone who wants to diversify their funds or doesn't have enough time to manage their accounts.

I think PAMM accounts or copy trading is a better opportunity for new traders to get exposure in the forex market but only if the professional trader you are using is actually skilled but that’s not an easy task. Traders rarely show their past performance and it’s hard to trust them without...

I support your statement. Trusting your own analysis is the only right way.