Recent content by Ecstasy

Most of the beginners fail as they are not able to control their emotions as they shift from a demo account to a live account. They are not exposed to the real market which makes them anxious while trading live and making wrong trading decisions.

Demo is very important to learn the basics of trading. Take your time and do not hurry to trade live. But the downside of trading in a demo account is that it does not train emotions as no real money is involved. And as soon as a trader sits to trade live he gets anxious and panics tending to...

You might have a lot of expectations from your trading career but if you are not putting an effort to make them a reality, your loss is your mistake. Learn before you practice and practice before you trade. Learn to manage your money and risks and you will automatically do well.

It’s a good thing about demo accounts that they help you get well-versed with the live market. But you better don’t forget the truth that they are mere simulators and they may make you set unrealistic expectations. So, better get an idea of the live market and then, start trading on a real account.

According to me, beginners in forex should not run for big profits initially. Beginners should focus more on educating themself from the market itself. Every mistake they make can teach them something valuable. Every loss can prove to be a hint for the profits to come.

Even if it does not come naturally, a trader needs to train the brain to not respond to the emotions while trading is in progress. Another thing that can be done is to not let yourself trade unless you have a stable mindset like you are not sad or stressed about something. Trading psychology...

The new forex traders have this opportunity to learn before trading. Many traders learn forex trading after they start trading because they did not have the right guidance. New traders can use this opportunity to go through a well planned course to learn and start forex trading in the best way.

I too suggest avoiding the use of signals for trading. Using services that suggest traders to act according to them does not let the trader learn anything about trading. Decision making skills of a trader are neither tested nor developed with use of such services.

There is no doubt that the forex market is evolving now because of the dynamic changes in the global economies. But there is no need to worry about these challenges. These new challenges will only make traders better at trading.

Although a demo account is a great tool for practising forex trading, successful trading on a demo account does not promise success in real forex trading. The reason is that it misses some things like trader’s emotions as money involved is not real. So, demo accounts should not be used more than...

A good approach to learn forex would be to keep practising everything you learn. You can practice your knowledge on a demo account to make yourself familiar with how the knowledge works on the platform. It will provide confidence to you for trading in the real account.

Forex trading can only become easy if you give it the time required for learning. The time required may depend on your ability to learn and the knowledge source that you are getting educated from. It would be difficult and you may even lose money if you don’t put in all the effort.

You must have a lot of experience as you say that it is not a big deal to earn profit in forex. But still there are many people who struggle with making profits. Only with experience in forex, the trader gains confidence to perform trades and earn profits which makes it look easy after a while...

It is not possible for someone to be professional without skills and skills can only be gained through learning and practising. Most of the professional traders have years of experience through which they got their professional badge. New traders need to be more patient while trading and focus...

Honestly, “no losses” in forex is a myth. You might have the most profitable strategy as per your calculations and analysis. But it will also fail during the most unexpected times. So, just trade with the amount that you can afford to lose.