Recent content by beanpole

Part-time traders should not only consider scalping because it earns profits in the short term but consider using it depending on their knowledge and achieved trading skills. They should know that scalping is a risky trading strategy and can lead to small unnoticeable losses which come into...

Motivation is self driven, anyone can inspire you, but only you can motivate yourself. Whenever you are depressed and don’t feel like doing it. Just question yourself “why did I choose to do this?” This will trigger your dopamine which is a motivating molecule that will drive you to achieving...

Being confused should not be an option in the live market. If you are not sure about something, you better not make a move. Not trading is a better option than being doubtful. You will neither be able to analyse the market properly nor will you be able to build a profitable strategy.

We all learn the same basics and practice the same strategies. Still, not all of us are able to get the same results. The difference is surely in the risk management steps that we take. Some are too careful about every move they make while others don’t even bother to analyse the market seriously.

Well, yes. If you are copy trading some other professional trader on any social trading platforms like Zulutrade or etoro etc then you don’t need any knowledge to earn money. You can rely on their expertise for profits. However, copy trading doesn’t mean that you can just sit and see the money...

Yes, right! And your trading strategy should be as unique as your trading style. It might require you to take several risk trades in the market. But if you happen to find a good trading strategy for your trading goals, you will rock it in the long term.

It’s obvious that there is no fixed percentage of the traders who lose money. But I truly feel that the number of winning traders is quite low in comparison to the losing traders. And the only reason to be blamed is their mindset. They don’t take trading seriously. Instead, make hits and trails...

Forex trading can be a daunting experience for beginners. You will see yourself working hard and still not being able to adapt to the constantly changing environment. Patience gives you the power to sit back and wait for the right time to trade. You learn that there are no shortcuts in the...

The easy accessibility of forex trading attracted me towards it. Also there is so much scope to earn good profits if done right.

Greed may bring you detrimental losses in forex trading. Often, people get swayed by emotions and start following trends to gain quick profits without doing proper analysis. This results in high losses and despair for the traders, forcing them to quit. Don’t be greedy while trading, but instead...

Forex is itself a highly speculative market where prices of currency pairs keep on fluctuating. However, these fluctuations open the door to great opportunities for traders. If you are smart enough, then you would also benefit from the fluctuations and place your trades smartly using effective...

My personal preference is an offline course since there is more chance of interacting with fellow students and mentors. But such offline classes are really hard to find. However, regardless of the learning platform, choose one that gives you the best learning experience as per your needs.

Forex can be stressful for traders, especially who trade full-time. And stressful trading never brings the best outcomes. When you feel stress, it is better to take a break from trading or trade with minimal risks.

Though while trading our focus should be on trading itself, it is very natural to get distracted. I often find myself eating or taking a nap, and the latter never ends well.

Although when you take a high risk, there is a potential of earning high rewards. But this doesn’t work if you have weak trading skills. Thus, to avoid any trading repercussions, traders should take the risk which they can afford to take. Risking 1-2% of your trading capital is a good risk, imo...