Recent content by soilacasa

It is up to the traders what they make out of it. If you trade without a trading plan and expect your luck to work out for you, you are a gambler. But when you study well and don’t let any distractions make you move from your trading plan, you are a serious trader who is bound to win.

Without a strategy, you will be a lost kid in the supermarket who would want to take every trading opportunity to make money. A strategy helps you in deciding when you should enter the market and when to exit. You also know what indicators to use and how much amount to put at risk.

You automatically become stressed when you have to find ways to make profits and save your money from losing at the same time. Honestly, it would be hard to remove trading stress. But to make it easier on you, consider taking breaks between your trades so that this stress doesn’t ruin your...

No matter how hard you try, there’s no way you can avoid losses completely. While you will constantly be struggling to make profits, you will always face a loss. This is the harsh reality of the market and that’s how it works. So, along with preparing for profits, prepare for accepting losses as...

Right! Candles are very helpful patterns on the forex chartings used for conducting technical analysis so as to speculate the market.

Patience is very important in forex trading. It helps traders to stay calm and understand the condition of the market and seek for the right opportunities for making trades.

Pros of demo trading 1) It enables you to observe how price action develops and understand the dangers associated with leverage. 2) You can test and create your own trading strategies. 3) You get acquainted with the trading platform, which is important to know the trading conditions. Cons of...

I believe that if a broker is reliable then it speaks through the customer's experiences. I referred to fpa for knowing about my current broker coinexx, best to read reviews on credible forums.

Most of them don’t follow the basics because they are desperate to make money. They fail to acknowledge the hard work and think that trading is a smooth ride to overnight success. But good traders know the difference: only your knowledge will make you profitable. Nothing else!

Demo trading is reliable because you can always backtest your strategies and make them better. It is true, while in the early days of trading, beginners might find demo trading boring. That’s because you don’t make any money. However, it is very important that they practise. Live trading can be...

It is good to start with trading a single pair and learn everything about that pair. I recommend you to trade EUR/USD first as it is more stable and offers high liquidity and tight spreads.

Every trader has a different learning style and fortunately when it comes to forex trading, there are plenty of different sources that cater to the needs of every trader. You can find trading books, websites, youtube videos, online courses and most importantly you can practice all the knowledge...

Yes, Scalping is risky but a good risk management strategy makes it profitable.

@GlennPhillip That is right. Only 2% of traders have this attitude. But every trader who wants to be successful should have it.

I personally prefer ecn execution, been using ecn account on coinexx for about 2 years now, spreads are the lowest and the orders are executed instantly.