Recent content by Mawkish

Shortcuts are lucrative but take a step back from where you started. There is no way you can avoid losses completely. So, no need to waste your time on unnecessary things and focus on doing the hard work that will get you profits.

I have no doubt in saying that you can make a great deal of profits with forex trading. But it requires time to understand the market and make profitable trades. Learn well and read trader stories to know the reality of trading before you expect anything.

It depends upon the trader as to how much he/she wants to risk. Many brokers offer multiple account types, but personally speaking, those things confuse me. This is why I decided to open an account with coinexx for 10 bucks, as it is easy to manage. I am fully aware of the trading conditions...

No such qualification is required for a person, in order to be able to learn about the forex market. Any person with any educational background, whether its science or arts, can take an online forex course, learn about the market, practice and succeed in trading.

Traders need a lot of time to be profitable in forex trading. Trading forex profitably requires you to keep knowledge and control a lot of factors. Also, it is necessary to be consistent and focused on one single strategy rather than switching between them frequently. Moreover, traders should...

Forex trading is a complex activity that requires a certain level of knowledge and expertise. Before embarking on this type of investment, it is important to have a good understanding of forex trading strategies, trends and chart patterns. These concepts are essential in order to be successful...

Forex market is so unpredictable that even after having a good trading strategy and plan, traders lose, which makes it crucial for traders to use the right risk management strategy.

Demo accounts are extremely beneficial to new traders who have never traded before and are unfamiliar with the market condition. It is also necessary to understand how to place an instant or pending order because it is not feasible to do so directly in a live account using real money. The point...

An efficient tip I would like to share is to - take a break when the market conditions do not match your trading strategy. To trade consistently does not mean you should trade even when the market movements are anomalous to the conditions based on which you have formed your trading strategy.

One significant mistake is to trade bigger lots. Lot size determines how much you are going to trade, what will be the limit of your profit, and loss. Although trading with bigger lot sizes will increase the profit you will receive, it can also make you lose a huge amount of money. To make a...

Being ambitious surely helps us a lot to stay focused and dreams act as a motivational force for us to work hard. Still, our dreams should be aligned to reality for it to become true. Setting realistic and attainable goals are the first step towards success in forex.

The only tip you will ever need is to never stop learning once you start trading forex. I think I still have a lot left to learn even though I have been trading forex for a while now. Learning is the only thing that can help us to progress as a trader and get success in the long run. Risk...

The fact that I can’t move ahead in my forex trading career without taking risks is a major reason why I can’t avoid taking risks. And if I start hating them, I may not be able to give my 100% to my career.

If your luck helps, you may make a few bucks without learning. But when it comes to having a long, successful trading career, you will have to obtain forex knowledge and be ready for taking lessons and improving with every trade executed. The ever-moving market keeps coming with unseen...

With a workable strategy, you have a roadmap in hand that guides you and defines the actions you must take and not take in the live market to head towards profit-making. You get to know what you must prioritise to reach your desired goal.