Recent content by GioMiller

Suggestion for newbie traders is try to understand the trading business. You have to have knowledge and skills to do good in trading. Don't expect to make money just by entering into the market. Try to learn the mindset a professional trader should have.

Yes exactly! I am also copy trading on Zulutrade, so I would like to add one more pointer to this which I really like. You can also select the funds you wish to invest according to your preferred risk.

Yeah agreed! It is always better to stay alert while trading.

The longer you will trade, the more proficient trader you will become. In the long run, with the correct mindset a trader can expect greater rewards.

Planning the ways to overcome the uncertainties which occur in the future can prevent the traders from huge losses which can only be done with the help of proper risk management techniques.

Trading out of greed makes you lose your calm and patience which makes it difficult to take the right decision and it will form a circle of huge losses out of revenge trading.

Firstly you should get friendly with the technical terminology of forex trading because if you will get directly to online tutorials or even if you learn from professionals you will not be able to understand them until and unless you know basic terms like pips, spread, leverage etc. and also...

Well, you said it all.

Passion keeps you going. If you are passionate about something in life only then you will feel like getting up in the morning with a motive. So, doing trade out of passion increases the chances of profits.

The trader even before beginning the trading journey must be aware of the psychological demands of this profession like: patience, consistency, money management, discipline,risk tolerance and most importantly to keep a positive attitude towards everything.

Forex market is challenging due to volatility in its nature but the more challenges you accept the more you can learn and earn. Sometimes you never know a challenge you take today may open the doors for profitable deals.

To survive in the market, you have to keep on polishing your basics from time to time because the market is volatile so in order to cope up with every change, learn to adapt and grow in every circumstance.

Education helps in developing analytical skills and in taking sound decisions that play a major role in trading. So, learning is a basic necessity to ensure better skills and ultimately more earnings.

I personally avoid trading on weekends and on holidays, as markets are mostly static during those days.

I personally prefer reading books to understand basic details about everything, even before starting to trade in forex I read a book named “The black book of trading Forex” by Paul Langer to understand basic terminologies, profitability and financial freedom.