Recent content by Jb_77

Understand that you are going to win some and lose some others. Sometimes you are going to be successful in your trading and sometimes you will not be profitable. So if we take both profits and losses in our stride and focus on developing a solid trading plan then one can handle his emotions...

One thing which traders must understand in order to get success in forex trading is that forex is not a get rich quick scheme. Rather, it is a long term strategy that requires knowledge and a proper understanding of how global events can affect the market.

I have recently started trading with fxview and all I can say on the basis of what i have experienced so far is they are reliable and offer some of the best conditions i’ve seen with any broker.

No pair remains the best for all, at all times. I mostly trade in majors, but again, depends on the market situation.

Practice is a must for all in forex. That is one reason demo trading is suggested to newbies, so that they can practice their strategies well and get used to the markets before they risk their money. Practice is quite essential, even after you have started live. Regular practice is what gives...

Learning, practice, research & planning. If you got these four in place, forex is much easier for you.

Correct! Thinking before taking any decision in forex is quite important, after all it is money which is at stake here. And not just forex, I would say otherwise too, one should give it a thought always before deciding upon something, decisions taken in panic or without much consideration often...

Well, it depends on the market situations, plus my trading plan. Nothing fixed for any day. If the markets don't remain the same daily, how can a trader's routine stay the same.

I know most people will say quit trading. But according to me, instead of quitting, I would pre-plan stuff for myself, give it a second try.

Every trader must know how to handle losses while trading. Many times, traders get demotivated because they incur losses, because of which they even think to quit forex. But that is the worst attitude. Take losses as lessons, try to understand and get over them. Do not quit trading but try to...

Both have equal impact on how one trades. Good knowledge and a suitable broker, both are important according to me. Knowledge, for a good start and to have those basic skill to strategize and broker, to efficiently execute those strategies.

I prefer online ways. Ebooks, YouTube videos, forums are the best way to learn, that too for free.

Traders who aren't able to control greed while trading, often end up over trading and as a result, incur more losses. Greediness should be controlled at all costs.

Newbies must take the learning part seriously. If research and learning is good, chances of success are high. Also, one you get into live trading, try to keep emotions out of play, very imp!