Recent content by Astirewien

1. Be aware of the risks. 2. Allocate capital. 3 Don't gamble. 4 Learn everything you can use in your work.

It's not always enough in case you want to become successful trader. I believe the matter here is to have an ability to learn and practice properly. It doesn't depend only on demo trading. It depends on your ability to digest new information and collect and gather information. In my opinion...

On one hand, it’s really so, but be careful because someday market makers will punish you. Overconfidence is a painful pitfall in trading. Sometimes when you enjoy a series of profitable trades, you easily get used to this and euphoria comes and can take your money unexpectedly.

Did you trade anything?

I can assure you that there are not any special glitches associated with crosses here. You can trade them as majors and any other assets. Your fears about crosses are groundless. I can’t say that crosses are somewhat better than majors. I think it’s just a matter of preference. I noted right...

Why do you think that cross currency trading here should be abnormal?

Successful trade means that you won the deal which you had opened. For example, if you opened long position on usd/gbp and the price grew, then you won the position and you can consider this trade as a successful one. Moreover, if you accidentally won the position, then you also made a...

You don’t need to be afraid of indices. Just monitor news and analyze indices on all timeframes to spot good entry points. As for higher spreads on indices, don’t be afraid of drawdowns that show up once you open a trade. If your market forecast is right, you’ll be in the green sooner or later...

I don’t see a problem in trading indices here. Indices are very lucrative tools. Many people find them much easier to trade than currency pairs because one doesn’t take into account nuances related to each currency in the pair. Instead, a trader should pay attention to the country’s economy the...

USD/JPY is a very technical financial instrument. It’s a real gift for those deeply interested in technical analysis. EURO can always set a slew of cunning traps and you can get in any of them at any time.

Quite agree with your words, high leverage really can cause huge losses in case you don't know how to comply with risk management and money management practices. I suppose that if you're a rookie in trading activity then you'd better stay off the idea of high leverage and actually leverages at...

Trading plan is an essential part of trading. Each trader should test their trading plan and constantly modify in order to make it more accurate in predictions and objective, so that the trader will avoid any emotions which may affect the trading results.

The Bank of Japan keeps its interest rate negative, so the difference is in favor of the American interest rate. Therefore, it’s much easier for the evergreen buck to rise against its Japanese rival than to do this against the Euro.

I advise you to try USD/CHF too. When EUR/USD rises, USD/CHF tumbles. So, it’s very predictable and convenient.

Yeah, the broker can’t trade instead of you. For any broker it’s enough not to be a scam to let traders enough opportunities to earn. AAFX doesn’t restrain your capability to earn. So a lot will depend on your trading experience.