Recent content by Prefeent

Of course, relationships with the broker are very important for trading. Different brokers have different trading conditions and sometimes such conditions are far from being fair. So, a trader should choose the broker very carefully.

Of course any professional trader once was a newbie. It's impossible to imagine that there were some people who started traing activity and became professionals right away. It's a long way which perhaps brought them lots of disappointments and it was worth them lots of money, time and nerves...

I was always convinced that trading singals are just a waste of time. Really, you have to spend your time on finding proper channels where traders give trading signals. It's very difficult because there are too much scammers whose task is to entice you to a certain broker which won't help you to...

I personally think that news trading is more about long-term trading activity, but not about gambling at all. You know, one can state that trading activity is really similar to gambling, however it's not like that. You have no addiction to trading, because it can only possible bring you lots of...

I tend to suppose that everything which is connected with trading plan or trading strategy should be learnt by novices at the very beginning of their trading activity. It's the most important part of this activity actually. You won't reach success without a trading plan. You need to think about...

In my opinion, professional traders are people too, so of course they inherently make mistakes as rookies. I mean that not the same mistakes as rookies do, but in general, they too make mistakes and sometimes even more than a rookie. Mistakes are inevitable part of trading activity that's why...

Undoubtedly, psychological factor plays crucial role in trading. It is so silly to start trading without knowing this fact. To tell you the truth, I have no idea how it is possible to start trading without knowing about psychology, I mean that its role is mentioned everywhere.

Candlestick charts are maybe the most informative and convenient representation of the price movements. The line charts are not so informative for trading purposes, that is why traders are more likely to use candlesticks rather than the line charts. The bar charts are quite informative but they...

There are lots of mistakes which one trader can face duting his/her trading activity, but the main mistakes are the neglection of risk management and money management practices. These practices are fundamental things in trading activity and every trader must comply it in case he/she wants to...

Every business is a risky business. We need to estimate and calculate the risks and also hedge them. Crossing the road is also a risky business where your health and life are at stake, but we still cross the roads because we know the risks associated with this action. Quite the same thing with...

It is an open secret that emotions are harmful for trading because they affect the trader's decisions which makes them lose their money. The best way to restrain from emotions is to have a good trading strategy with clear indicators, so that a trader will not experience anything making this or...