Recent content by Distributive

Trading is a self-motivated journey. You can achieve success if you are self-motivated toward trading and earning; otherwise, it will be difficult to survive in the market.

By thinking differently, emphasis goes towards creating your own unique style of trading. You need to be alert and focused on your own knowledge. Distractions will cause extra stress and loss which doesn't help at all. Don’t copy anyone else’s ideas, use your own skill and intellect to reach...

People join the forex market to earn extra income to make their life easier. But, not everyone succeeds or has the patience required. Also, with the younger generation so interested in securing their future, everyone wants to gain from the market.

Many traders jump into the market, thinking it’s easy or it won’t take so long to make profit but that’s never the case. Profit is earned through hard work and through understanding market sentiment. They need to analyse and pick the right trend that will bring them closer to making sufficient...

It’s not an easy source but if approached in the right manner, it can be profitable. Traders need to be mentally prepared to face the risk at hand during the process, it can be challenging, which is why risk control methods should be applied. With the correct attitude and analysing market...

Absolutely! Regulation is indeed the most important part. Using fxview & icmarkets for 2 reasons 1. cysec-regulated 2. Tight spreads.

Trading psychology is something we often don’t pay much attention to. And that is a huge mistake on the part of a forex trader. Overtrading and emotional trading is what stops us from becoming profitable and consistent in the long run. Emotional control and logical thinking is very much needed...

Many new traders enter the market with lots of enthusiasm but they easily give up when things don’t go as smoothly as they planned. Determination and persistence is what we need to overcome these challenges in the initial period. You must learn to embrace the failures first in order to find...

Regulations play a vital role in selecting the right broker. This is a good list here of cysec-regulated brokers https://digitalcashpalace.com/forum/threads/cysec-regulated-forex-brokers.68832/.

The only emotions that we need to get rid of are greed and irrational fear. Greed is the root cause of over trading and irrational fear leads to emotional trading. It is normal to experience these emotions but we must work on managing them in a way that does not interfere with our trading.

I often see many new traders who have managed to learn, acquire skills and even found a profitable strategy that works from them. But they still make more losses than profits because they lack discipline. They struggle to stick to their plan and this is what leads to losses in a row. We need to...

I preferably use Skrill and Neteller to deposit and withdraw funds to my trading account with fxview. There are no additional fees and I can withdraw as low as $5.

It’s all about using correct emotions and correct logic. Being either too positive or too negative is not good for your ‘trading health.’

Trading with the assumption is foolish; trading involves the real picture of what is going on currently and not what your delusional ‘gut feeling’ says. If you remain dependent on your assumptions, you cannot succeed. You have to get realistic about trading and work towards it.

If forex trading is all about the profits for you, it will never turn out to be a good option. Think above profits and work on obtaining new trading skills. That’s what will get profits, not just your greed.