Recent content by Underwit

It takes time to turn a consistent profit. This is not a simple feat. This is something that can only be learned through practice and experience. Consistent profitability can only be obtained through continuous practice and working in the market.

In general, low liquidity and high volatility are associated with a wider spread because it indicates a greater difference between the two prices. However, a tighter spread is indicative of low volatility and high liquidity. Smaller spreads mean less trading cost and so traders prefer them.

A trader will never be successful if they are unable to manage risk appropriately. To trade successfully, you need the right knowledge. Without knowledge, profit is never possible.

You should always prefer joining all well-known forex forums since they are the best way to learn about forex and profit from the experience of other forum users and traders.

I believe that gaining knowledge should be the first step to success in trading. To become a successful trader, you must learn and understand a variety of basic and technical principles. Being profitable will require more than just theoretical knowledge. Additionally, you need actual knowledge...

Although forex trading has advantages in terms of time and capital because the can be accessed 24*5, most traders choose a safe approach by working part-time because either they are beginners or profits have not been consistent.

It is needless to say that the ways that appear as shortcuts in forex would only be a dead end and nothing else. The road to success will always be rough and tough. Do not waste your time by going after shortcuts. Just focus on learning and work hard towards success.

I have used zero spread brokers in the past but I don’t think it was any better because commissions were quite high. The thing is brokers are there to make money, if they are not taking one kind of cost then they are integrating that into another type of cost. You can’t save your money like...

I think something that makes forex trading unique is the fact that it is a truly international market. Traders all over the world get access to it and all they need is an internet connection. Even though the market is easily accessible to everyone, earning profits as a forex trader is not that...

Learning and education is very important before entering into forex trading. If you are clear with fundamentals, it will be easy for you to understand complex situations as well.

Definitely there are risks in trading but no matter which market you enter, risk is inevitable. How you turn risk into opportunity is the real deal and that is what forex trading demands. If you do it with the right approach, have the right mindset and right strategy, you can make amazing...

A trader has to go through many ups and downs, which can make forex trading very stressful. And trading with stress can lead to losses. That’s why traders should pay attention to their emotional distress and take only small risks. If you feel you are in stress, it is best to avoid trading or...

The forex market is worth trillions. It is also one of the most liquid markets. So obviously, the money-making potential attracts us. But the underlying cause is deeper for each one of us. For me, it’s quitting the boring corporate life and building wealth.

Forex is an easily accessible market but it doesn’t mean you can win easily too. Triggered by factors such as geopolitics, wars, global trades, tweets by global personalities, international laws, and other social and economic events, forex is extremely unpredictable. Comprehending the market...

Choose one depending on what type of information you are looking for and your available time. But make sure you have basic information about forex trading and requirements of being a trader. Blindly enrolling for a course is never a good decision. You can refer to free resources like Babypips...