Many newbies make silly mistakes like forgetting to take rest to refresh their minds and come back with new ideas. It is understandable that everyone enters the market to make profit, hence determination and hard work is necessary to achieve the desired goals.
Traders should spend time learning about the market sentiment in order to find their own sense of trading style. Each and every individual is unique in their own way and that dictates how long they will succeed in the market. They need to have a strong foundation of basics. It takes time to make...
When traders apply their theoretical skills to practicality, they will realise the risk involved and they can revise their plan and move according to the trend in the market that they chose to follow. Getting to know the market sentiment is a huge bonus as they can tackle situations on their...
These are some great tips for beginners to go through before starting out. The one I’d like to add is how easy it is for newbies to get lost in the market because of lack of knowledge and understanding of market sentiment. Also, they should not copy other traders, they should find their own...
Without understanding the base of the market's nature, it is almost impossible to hope to win profit rewards. You need to have good analytical, management and strategizing skills if you want to survive longer than most beginners do. Focus on learning more than earning at the start. Profit is...
Platform is free to use. Costs depend on the spreads and commissions charged by your broker. Though you need to maintain $100 in your zulutrade account.
There’s no catch but copy trading is not as simple as it seems. It would be wrong to believe that you’ll always win because obviously success is not always guaranteed. If you want to be profitable, you need to constantly keep a check and reshuffle.
There is no way that you can avoid losses completely. But there’s surely a way that can help you make the most of the market movements so that you are not making big losses.
Don’t rush your trading career. It will take time for you to develop a market understanding and make the most of the movements. So, better take as much time as you feel is needed to develop a market instinct.
Mostly on the weekend, I like to relax but also keep a note of any important news or policies that may break in between and can fundamentally affect the market.
No, the ranking is done based on various parameters including max profits, number of winning trades, maximum drawdown, etc. You can check the performance on different timeframes. I usually consider the performance for the last 6 months.
People keep searching for strategies because one strategy does not work for all traders or currency pairs. A strategy is to be chosen based on the currency pair you are trading, and what fits you best. There are many strategies available on the internet, but I feel like it is best if one...
It may feel stressful to those who don’t follow set rules that keep focus and maintain discipline. It can be challenging if you don’t have the basic knowledge and patience. Decisions taken should be well analysed and must result majorly in profit returns.
The fact that you can exchange multiple currencies at the same time in different time frames is what is so unique. Everyone, everywhere is constantly investing in the market. With the right strategies and rules, you certainly can make good profit on a short term basis.