Recent content by Interceptor

From my personal experience, it’s great to start a part-time forex trader because you don’t know what you are getting yourself into. Try to trade with a low capital and test the market. Then, you can take a bigger risk based on your learning and experience.

The market where participants can buy, sell, exchange, and speculate on currencies is known as the forex market. The end goal of forex trading is to yield a net profit by buying low and selling high. Due to daily transactions of more than $6 trillion, the currency market is regarded as the...

Risks apply to trading in any financial market, and forex trading is no exception. We can never escape from risks, we can only manage them with a risk management strategy and stop loss. Creating a trading strategy that considers the average wins and losses as well as the win-loss percentage is...

Agreed! Loans are never a good idea. It simply increases your risk and could potentially add a debt. Keep forex trading as a part time thing and progress slowly.

Demo trading is there to help you out with building skills and getting familiar with the trading environment. So, as long as this purpose is getting fulfilled, trade on a demo account. After you think you are ready to trade in the market and have a trading system to do, switch to a live account.

Agree! Traders need to have a strong trading psychology because all their trading actions are the result of their emotions. It’s important to study your emotions so that you do not make any rash decisions.

I trade with EUR/USD, USD/CAD, and USD/JPY. These three are excellent pairs and have worked out well for . If you are new, then I would recommend you to start with major pairs as they have low spread and high liquidity.

Greed is a reason for several wrong decisions in the forex market. You would obviously want to make your trades work for you but it’s wrong to think about making money all the time. Most times, it should be about learning skills that will help you make money.

Instead of being worried about the time you spend on demo trading, you must be worried about what you will do if you don’t learn a certain thing. Practice for a while on a demo account and when you feel confident about risking your money, take a step forward.

Any trading strategy would work for you only if you can use it properly. You must know what you are chasing and what you would need to have in your strategy to make it work for you.

Forex is risky but you can make it less risky by analysing the market well and planning your moves before you have already entered the market. Remember that you can do everything before you have opened a trading position and nothing more than closing it afterwards.

Being absolutely emotionless can also affect trading. A little bit of emotions are required to maintain the balance. Forex is all about balance. You have to keep a balance between the 2 kinds of analysis, as well as keep a balance of emotions. Trading psychology can help us not attach our...

The market is unpredictable and highly volatile. Those who don't know how serious the results of playing with them fail terribly. Without learning, trading forex is quite risky. Traders cannot copy someone else blindly. Proper understanding of the market and spending a good amount of time will...

It is all about finding the right strategy that will suit your trading style. Forex market is changing with every passing day, so there can’t be a fixed strategy to be successful. Therefore, it is important to change the strategy from time to time in order to stay ahead of the game.

When even after years of hard work and consistent efforts you don’t find positive results then you should quit trading. While trading can provide significant financial benefits and free up time to improve your quality of life, you should keep in mind that it is not a regular or guaranteed source...