Recent content by Rapacious

Unfortunately, Forex signals are not free, and even if they were, they wouldn't be very reliable. It is possible for forecasts to be incorrect. Trading manually is the superior option.

Discipline is the backbone of any successful trading or investing plan, whether you're looking at the market in the short or long term. Discipline is the capacity to follow a plan and rules for trading consistently, regardless of external factors.

For those who don't know what they are doing, forex can be a risky business. There is a lot of money to be made in forex, but there is also a lot of risk. If you don't know what you are doing, you can easily lose all of your money.

Emotions can get out of hand if you choose to act on every impulse. Instead of trying to control how you feel, focus on how often you react during a stressful situation, try to manage those actions. You are the master of your own trade so be careful and try to learn how to be more calm.

While you start practising on a demo account, backtesting different strategies, this teaches you what your style of trading truly is. Once you know that, understanding and working towards achieving profit isn’t that difficult. You need to give yourself time to learn! Many traders skip this and...

That’s right, in forex trading, you have to understand the market and be able to analyse and strategise a good plan to work under tense conditions. It is not based on luck. Yes, you can follow your gut but basing decisions on luck is basically gambling. That is not how the market works. Good luck!

These are some firm points for beginners. I’d like to add that if traders don’t focus on controlling risk, they won’t be able to make regular profit returns. Learning from mistakes takes you one step closer to achieving your dreams.

I totally agree! Trading full time is really stressful and pressurising at some moment.

Make sure that you are taking breaks and not working yourself to the point of exhaustion. If you are feeling burnt out, it will be very difficult to maintain your motivation.

Keeping a record of your moves can save you from future failures. When you know that a certain move brought a loss, you will be careful next time. So, don’t just keep a trading journal but also go through it to analyse your performance.

I don’t think it is a matter of how much you are risking per trade but how much you are saving per trade. Keep a long trading career in mind and you won’t risk anything beyond your affordability.

Different traders will have different opinions on whether it is better to aim for a low profit or a high profit. Personally, in my opinion, I feel that it is better to first prioritise risk management. As a trader who began with a small account, I used this as my first priority which helped my...

I absolutely agree with the OP. A trader must know how to bend his strategies so as to use the market movements to his own favour. The market will never be easy. It is a cut-throat competitive field with a lot of risk and volatility. But once you understand the basics and catch a grip of the...

The foreign exchange market aka Forex is a fantastic place to gain knowledge and financial independence. Also, you won't find a single man in this world who doesn't require some form of financial support. This is why increasing numbers of people are getting involved in forex trading.

Every company needs to keep track of its profit and loss. It is preferable to reap the benefits while making a profit and gaining valuable life experience from a setback.