Recent content by spearrider

It depends on your current trading strategy and its quality. I still think that it is better to have plan B which can give you additional benefits and profits. It is better to have alternatives rather than not, but that is my personal opinion.

If we speak about accounts for testing opportunities, then of course you have to pick the demo account because it's atually the same thing as the live account, the only difference here is that you can't withdraw money from demo as well as deposit. AAlthough, some brokers provides their trader...

Forex market actually expands every day, so there is no doubt that it will be very spread in future. Of course nowadays people are more enticed by investments because investments imply low risks. However, trading activity is rapidly gainging momentum. I suppose that there is nothing good in that...

I suppose that there are no obvious differences between these two trading platforms. Of course MT5 is much more attractive because it was created after MT4, nevertheless traders always use trading platforms which they really prefer to use. I mean everything depends on what platforms is more...

Psychological factor is of utmost importance when it comes about trading. Courage is usually called greed which is more descriptive term. When a person is overconfident, they start to do more trades during a single trading session. As usual, when the quantity grows, the quality reduces. However...

That is quite a subjective matter of when switch from demo account to the real one. As for me, I believe that demo acount can be used in order to learn some very basics of trading and trading platform usage, but demo account will never make your trading profitable. Why? Because it doesn't have...

In my opinion, you can choose any broker which orivdes its services across your country. You know that brokers really matter a lot, nevertheless you don't need to dedicate too much time to finding the best broker from all. You will never find the best broker actually, because all brokers have...

I suppose that it's kinda difficult to manage risks and funds when you're a beginner. To my mind the first rule which every beginner shoul remember is to open a position with 1-2% of your deposit. It's a great proportion because if you lose then you won't be disappoined too much, however if you...

What do you mean by expensive? It can be free of charge or it can also take all the money you have. Everything depends on your skills.

Only interest in forex can make you successful on forex market. If you are not interested in all this financial thing, then it will be impossible for you to learn so many economic things, maths, psychology and what's not.

Most people fail for two reasons: 1- because they don't have enough knowledge and skills to make trading profitable, 2-because they don't have any desire to learn and acquire new skills.

One of my common mistakes is forgetting about common sense and trust my feelings and emotions. I know that I shouldn't do it but it happens all the time without me noticing it. Sometimes I get so carried away that I forget about all the routine that should decrease the role of psychology in my...