Recent content by Pentapolis

I’d partly disagree. You can take free courses, watch free videos, and learn from e-books about forex trading. You can strengthen your trading skills and knowledge in a demo account. When you trade in a live account, of course you’ll need money, but you can start small. With good risk...

The worst thing a newbie can ever do is to have unrealistic expectations from the market. This will make them greedy. You need to discover how the market works. To become comfortable and understand the circumstances and how to trade through them, it takes time. It's not a good idea or the...

GBP/USD and EUR/USD are my top picks. Both their liquidity and volatility are high. Additionally, they have minimal spreads, which create favourable trading circumstances. Create a list of pairs and test them out if you are a beginner. Select the trading pairs that you feel to be the simplest.

Regulated brokers are indeed better - give a sense of security. Regulation was one of my main reasons for considering fxview, trading conditions being another. Having a perfect mix of these two features always benefit traders, as it did for me.

It’s true, many people enter the market to rush towards minting money and fail to understand the precision in which planning and analysing needs to be done. They don’t focus on the main points that involve managing risk and improving and learning new skills. That is the mistake they make and...

Too many screenshots can surely blur the vision of a trader and increase competition unnecessarily. It takes a long time to earn profit through hard work. Be sure you know what you’re doing if you want to survive these stressful situations.

If traders keep their mind and approach open to learning and adapting, their journey gets smoother than normal. Risk is part of the game so dealing with it is the only way to overcome it. Plan, analyse and execute to win. Keep trying to generate profit returns. It takes time so patience is key.

The only way to succeed in this market is by managing risk, time and money. If Traders understand the market sentiment and trade accordingly, the chances of winning go higher and they get closer to their goals.

Thanks for the list, this might be useful in future in case I want to try out other brokers. But from the list i’m using fxview and xm, it’s been a good experience with them so far.

I think losing is just a part of the learning process for a beginner. The only thing they should pay attention to is minimising such losses with a risk management plan. You should not risk anything more than what you can afford to lose. You should not expect to become profitable right away and...

I think most of these people don’t even try to learn trading as a beginner. They just jump into the market without any knowledge and planning and give up when they don’t get quick profits. Those who stay focused on learning will surely attain success at some point. But unfortunately most...

Fundamental analysis includes learning about the external factors like socio economic changes or geopolitical changes that can affect the market from time to time. Traders should have necessary knowledge and deal with it efficiently and logically.

I do enjoy the thrill of the market’s nature, but no I don't like sudden changes and it took me a while to get used to the market sentiment. Once you manage money and risk efficiently by calculating a risk reward ratio, it’s sorted.

In the beginning, it may be tough to create a strategy or find one that works with your goal in mind. But, as you learn and practice on a demo account, you’re able to collect and apply the knowledge needed to make a profitable trade. That’s why traders often are in search of strategies that...

If traders enter the market with a strong basic foundation, then no amount of stress can shake their self esteem. In which way, newbies are told repeatedly to learn and increase skill. Everyone starts fresh, through experience you learn so much more. Moreover, analysing the marketplace and...