Recent content by keyline

Honestly I don’t think it is ideal to depend solely on motivation. It is better to build discipline and consistency as they will stay intact even when the motivation fades away. Some days we may not even feel like doing anything and let alone trading. But we must stay on track and work in order...

Being a part time trader is a lot less stressful as you do have another income to support yourself. You can be more relieved and earn an additional income from forex trading. Also you can become a part time trader no matter what kind of full time job you have. If you can spare some time to learn...

That’s 100% true. Your skills determine how you are going to perform in the market. And need not mention, you acquire skills with time. So, you can take your time until you develop a market understanding and can take advantage of the market completely.

You have to control your emotions so that they don’t play a role in your trading decisions. No control over emotions is a major reason why traders develop wrong habits and are not able to perform well at trading.

When you trade multiple pairs at the same time, you are increasing the cost of risk ratio by doubling it. Instead, if you’re a beginner, trade with one pair and perfect your strategy and only when you feel confident enough and well understood, then continue trading multiple pairs. It is up-to you.

I think a balance between both works wonders. When you learn information, the only way to test it out is by practising and finding new ways to get better at it, i.e. offline training works best in addition you update your skills by learning online from different websites and content. The forex...

To become an athlete, you have to show up at the practice field every day. Similarly, becoming a successful trader requires consistent work. The hours of work and practice can vary. But show up every day and try to become a little bit better each day.

It is common to experience fear when you live trade for the first time. The only way to overcome this fear is by taking a risk. But take a small risk that is within your comfort zone. After trading a couple of trades, you will be in a better position and will trade more confidently.

Most preferred funding method for me is crypto deposit and withdrawals. Especially because it’s quicker and with most of the brokers there are no deposit or withdrawal fees too. I use capital wallet to fund my trading account, mostly because of low transaction fee.

It is not a simple way to make money. Most beginners go through phases where they may not know how to react or perform without stressing and obsessing over everything, only because they didn’t take time to gain essential knowledge required to trade successfully.

Set low expectations and try to not get carried away by over-trading at one go. Create boundaries and practice on a demo account before you use real funds. Adapt new learning techniques and stay updated and focused.

As a trader practising your trading strategy on a demo account and building connections to get a better idea and understand how the market flows, doing research becomes your priority. Only then, will you be able to improvise and perform just as anticipated. Your attitude and approach frames your...

As an amateur trader, if you understand factors that move the market, then when you enter and exit, depends on your trading style and strategy and how much profit you wish to earn. It’s a matter of time.

It is best to start trading part time as the forex market is quite unpredictable and you still aren’t skilled enough to be able to avoid major risk. As you grow as a trader, you learn how to balance trading and your career.

When you have the knowledge, no level of confusion can stop you from making the right trading decisions. You have to learn and practice well enough before you start trading so that you are confident about every move you make.