Recent content by javierclayton

Commodity market is risky but then all the trading markets do have a risk factor. And talking about gold, one can invest in gold because gold is a good long term investment. I have made good profits by investing in gold.

Indicator based strategies are without any doubt good but then you can’t use them for all trades. You might have to modify them as per your trades and you might have to do this very frequently. It’s better to make a strategy which is not based on indicators so that you are away from the hassle...

@Gito_dinev definitely a well planned trading strategy helps to keep track of the risks, market behaviour and returns. A trading strategy should be simple and back tested and a trader should know when to change the strategy with the changing market conditions.

@Gito_Dinev true that. Both the platforms are good. I feel MT4 is easy for new traders and it is specifically designed for forex traders whereas MT5 has a broader range of features. Also, MT5 is less commonly used. But the choice of choosing between two platforms also majorly depends upon the...

@Nezami Not only risk management but risk identification and risk evaluation at the right time.Planning ahead can really make a difference. A well planned strategic approach towards risk management can save a trader from causing irreparable loss.

@David_Marco Why don’t you like these currency pairs? My experience so far has been good with GBP/USD and I think they are quite profitable.

All the successful traders who are earning really good from forex trading were once beginners and were learning about the market. These professionals inspire all the newcomers and many of the newbies become successful following their paths.

Exactly! The traders who invest their time in bringing out the best strategy on their own are the ones who have high chances of being successful in the trading market. The ones who rely on someone else’s strategy are the ones who leave trading in very less time.

Be patient and give yourself time to learn new things about forex and forex trading. The more you will invest your time in gathering knowledge, the more successful you will be. Just focus and trade with full dedication and concentration and you’ll do good.

@FXOpen you have rightly put this in words. Everyone has their own strategies. There is no one-size fits all approach in forex trading.

Feeling the same @GitoDinev. The start and end of the week are the most tiring days in forex.

That’s correct @GitoDinev. How much we earn in forex trading depends on knowledge and skills. That too for per day earning, one should have good knowledge in scalping techniques.