Recent content by forexlover

Demo trading is the key to forex trading, nothing else can give exact insight of forex market. Make strategies with the help of tools and back-test them on different time frames to have better idea. Read daily forex news to judge the sentiments of the market. This is the first step towards forex...

Forex was never been easy and so in future too. Due to very high volatility it is very difficult to time it. Yet traders are earning good chunks of money because they have understood this market very well. This thing came with experience and a lot of hard work on the trades. Proper knowledge of...

I must say along with understanding forex markets, do demo trading on demo accounts offered by many brokers out there. This will help you to understand the concepts in a better practical way .

According to my experience in forex trading, I found that 60% of the role is played by psychology alone, 30% by position sizing and the remaining 10% by strategy. So always keep yourself stable psychologically.

I think a trader must keep himself or herself away from fear and greed as this can put you in trouble.

Yes you are right, without money management it is very difficult to trade on forex. For keeping it more managed I always make trading journals to keep a track of my trades.