Recent content by dwaynegibbs

I have been practising meditation since I have started trading. And it really helps me in staying calm at the movement when I make losses. So yes, I stay calm, analyse my mistakes and try to find a solution to avoid them.

Demo trading must not be done for more than a week because you would start filling yourself with unrealistic expectations that you may not achieve in the live market. The micro account would let you trade in the live market with low amounts which is a better option when you want to see how your...

Spreads with coinexx aren’t fixed, but on eurusd they are generally 0.1-0.3 pips.

No matter how good you think you are at forex trading, it’s hard to achieve results if you are not putting in enough effort to achieve your goals. Build a good trading plan and stick to it in all market situations.

Scalping is a very good strategy for making money in forex trading. The key to using this strategy is knowing when the market changes direction. New traders should not attempt scalping as it is very difficult to see the small movements.

It depends on how much you dedicate time for trading. A trader can have a full-time job and make an income from forex trading as well. Many traders work part-time as they battle to balance their other daily responsibilities with trading forex.

Trades require a forex mentor to help them in making decisions regarding their trades. With the guidance of a forex mentor, you can get an edge above other forex traders.

Trading is a journey where you become a better trader as you move. Indeed, experience makes you a better trader by minimising risks and increasing your trading skills.

How many trades you should do depends on how much return you want to achieve. The higher the investment, the higher the return. It also depends on your strategy. Some go for short-term trading, where they have to do multiple trades to make profits.

A successful trade is defined differently by everyone. Some look for gains of a certain percentage, while others only trade the biggest trends. It is up to you to decide what your own trading success means to you.

Both have their own benefits and drawbacks. If you are a trend trader, you will hold positions for much longer periods. For more experienced traders even scalping can be beneficial.

The benefit of trading forex online is that it can be done from the comfort of your home. It allows you to make a living from home. You can start small with what you have. Just make sure you always use proper money management and limit your downside.

Finding scams in online trading is extremely hard but not impossible. Before you start trading, do some research to find the best broker for you. Once you get scammed, there is nothing you can do.

Trading without having a stop loss is really risky. You can lose more than you win or even go broke. So be careful with that.

Proper education and strategy are necessary to become a profitable forex trader. Other important things include the right broker and platform.