Recent content by Triphibious

There are numerous reasons for trading losses. Loss without a stop loss, failure to maintain the risk ratio, over-trading, taking an extra risk, and so on can all result in loss. As a result, you must adhere to a strict risk management strategy.

I second this! In the past, I also had a hard time due to the restrictions placed by my previous broker. Started looking for another broker & switched to aaafx. Tho, I did check their trading conditions first on a demo account. Everything looked good, so I decided to go live. withdrawals get...

Trading can be simple or difficult depending on your approach. Experience and knowledge are the true virtue when it comes to making profits in forex trading.

I believe that the first step for a trader is to develop a trading strategy and plan. Then stick to it and don't try to break it. If we can always keep to the strategy and plan, our poor habits will go away, and we will be replaced with a good habit of being disciplined and making decisions...

When compared to other types of business, forex has many more advantages. such are the possibility of making a lot of money and the fact that people can start trading with a small quantity of money. It's because there's a leverage

When you’ve learned trading and understood the market behaviour deeply then you can start trading in a live account. Also, when you start making consistent profits in a demo account then you can easily move to trade in a live account.

The forex market is the largest liquid market around the world and you can trade with a small capital as well. The forex market is an over-the-counter market and you can trade from anywhere. Also, the forex market is open 24 hrs a day for five days a week, which means you can work at any time...

To understand market psychology, traders need to meet the basic ends of information to get a bigger picture and be able to gain profit in the long run. It’s the balance that’s created between mental and market conditions that frame a trader's mind. Maintaining focus is as important as it is to...

Be unique in your thoughts and approach with placing trades. You need to change your approach to know what works when and get a broader perspective towards reaching the main goal.

You see, Forex trading is risky because it is a zero-sum game. What this means is that somebody has to lose the money. If a trader wins $10,000, then another trader must lose $10,000. This is true for almost every market.

Forex trading is not risky, it is volatile. And volatility is not risk. Volatility is the degree and frequency of price changes in the forex market. Risk is the possibility of losing an amount of money that you are not willing to lose. So, you can say that forex trading is risky to the extent...

I am at one with you on this statement. I also feel that it’s easier to trust the brokers who are regulated. As a beginner I used to find broker’s offers very tempting and couldn’t care less about regulations. Honestly, it didn’t serve me well. Now I am using a regulated broker aaafx and am...

Almost all the strategies are profitable if they are used correctly. The problem is that most people don’t know how to choose a strategy and use it properly. That’s why they keep trying out new strategies and losing money.

Yes trading forex is very risky because of the volatility of the market. Forex is easy gain and easy loss i.e., you can get rich or poor in seconds. A trader must always only risk the amount they can afford to lose. We cannot fully eliminate risks from our trades but with proper money & risk...

There is no space for shortcuts to be successful in the forex trading market. If you want to be a profitable trader then you must learn everything and understand the market. Years of learning, experience, skills, a proper strategy, discipline, consistency, and patience makes you consistent in...