Recent content by Evagation

If you're looking to make serious money in Forex trading, you need to be dedicated to your goals. The more time you spend daydreaming about what might happen next in the markets or you become greedy, the less likely you are to achieve consistent profits.

Keeping a trading journal from the very beginning of the trading journey will help traders know how they are performing and what they can do to improve their trading.

Trading losses are part of the game, but those who know how to swim against the current successfully wins. Forex trading demands discipline, consistency, and effort. When one is determined enough and serious enough for trading, losses that one suffers get reduced.

Long-term traders can make a lot of money if they predict the market correctly. Long-term traders should concentrate on fundamental analysis because market works fundamentally when it comes to trading long term.

It's not possible to make an earning without learning. We all know that Forex is a great way to make a lot of money in a short period of time. However, a trade must develop certain skills in order to succeed. In order to be profitable in the Forex market, you must have adequate expertise. No one...

I think it’s a balance between risk and profit and how to get it. The challenges people face in this market are insane, making it quite unique. Everyone wants a part of it but not everyone is mentally strong enough to actually make it big. Risk can be managed but sometimes, it may get too much...

When a broker charges lower spreads, it significantly reduces the overall cost of trading. This is why I always pay special attention to the spreads. Recently signed up with coinexx for the same reason as spreads with them are always on the low side.

It’s easy to lose quickly in this market. Use risk and money management strategies and try to stop maximum risk. Make it a priority, that’s the only way you’ll survive in the market.

Being a forex trader myself I believe trading forex is nothing like gambling. Gambling is a purely luck based game where you don’t have any control over your gains or losses. But trading is a noble profession where traders learn and use their skills to make the right decision. A professional...

I totally agree with your point. New traders should never risk huge amounts of money without proper learning and practice. It will be as stupid as jumping into the ocean before learning to swim. Even those who are good at swimming may find it difficult to face the big waves in the sea. Just like...

It is up to the trader how much he wishes to use per trade. The 2% rule is good for beginners but when you have gained some experience in the market, you will know what you should do to reap maximum benefits.

It’s okay to get stressed out for some time if you have a plethora of opportunities to make money. Even some jobs are stressful, but it doesn’t mean that you stop doing them. After all, you have to make money to live. So, let’s just normalise getting stressed while trading and focus on getting...

Yes, it is very risky. You might have heard people saying that all you have to do is buy a currency at a low price and sell it at a high price. But it’s not as easy as said.

It’s just supervision that I do while trading forex. It is before trading that I analyse the market and build my strategy.

Whether online or offline, sign up for what is best for you and where you get to learn the most. In my opinion, offline classes offer peer-to-peer interaction and group discussions, which can be very helpful for traders to learn things quickly.