Recent content by CrayonWater

Whether you are a new or experienced trader, know one thing: losing is inevitable in the forex market. Why? That’s so because the market changes rapidly, making it very difficult, even for new traders, to accurately predict its movements. Hence, as a new trader, you should accept this. However...

A good trader is the result of practice - a lot of practice. Demo trading accounts are valuable because you can practise trading without risking money. They are also helpful in backtesting your strategies before you finally implement on a live account. So, yes they are helpful. And as a new...

Yes, forex trading is highly unpredictable because there are so many factors that influence the price movement - politics, trade, global events, etc. The market can change rapidly, making it difficult for traders to accurately predict it.

The first step is to educate yourself about the ins and outs of the market. This comes with practice and studying. A trader should be well-versed with technical and fundamental analysis & have a strong risk management in line in order to become a successful trader.

Books are very dear to me, as a trader and writer. Currently, I am enjoying reading Trading in the zone - Mark Dogulas. Great book!