Analytical knowledge is highly important and traders should earn knowledge of both technical and fundamental analysis. This knowledge makes traders capabale of earning big even if a trader has small capital to trade.
To talk about my personal experience, Forex seems attractive to me because I can investment time here as much as I want. Trading doesn’t take me much time and it helps me continue other businesses besides forex. What's your opinion in this regard?
Forex isn’t reliable for all because not all traders have the required level of expertise to trade in Forex. The higher the technical and fundamental knowledge is, the higher the return is. What do you think of it?
We are more focused on profit but less focused on market analysis, which resulted in our failures in the market. It leaves us with the responsibility of focusing on market analysis.
Forex trading is a big opportunity for if you can utilize it in the right way. There is no scope of focusing at only one aspect in Forex rather there is hundreds of things in Forex to focus. Traders should be attentive to trading and take lesson from every single mistake. Traders should work on...
News trading is popular among traders. Even though news trading comes with certain amount of risk, it is popular among traders as it gives quick trading profit. Traders should analyze the market carefully before news trading because a decision can make a trader suffer in the long run. Right...
We see traders are very much curious about binary option trading. A binary option is a type of option with a fixed payout in which you predict the outcome from two possible results. If your prediction is correct, you receive the agreed payout. If not, you lose your initial stake, and nothing...
I prefer being a part time traders and maintaining another profession besides Forex. It’s because Forex is full of uncertainty and anything can happen anytime. But traders can reap much gain by trading here as a part time trader. And there are millions of traders around the globe who are trading...
Hello Digitalcashpalace forum community, I have 5 years of Forex trading experience. I saw that there are many regulated brokers available in market place but they are not friendly for retail traders. Their restrictions are high for retail traders and these rigid restrictions come with other...
What I think is a trader must be self-motivated, otherwise he or she can’t survive in Forex. All days in Forex will not go well rather sometimes a trader needs to go through untoward weather. A self-motivated person knows how to handle losses and how to recover from there.
Hello forum community! In your trading what’s your favorite trading pair? I know, you are using more than 1 currency pair for sure; but tell me any specific trading pair based on your own choice! Thanks in advance.
I see, a number of new traders struggling here because of avoiding proper money management instructions! In my trading, I never & ever take more than 1% risk ratio in my individual trade position & that’s my basic rule of MM! So, what’s your money management rule guys? I’m really interested to...
I see, a number of new Forex trader try to use cent type trading account during their practice session! According to their declaration, cent type trading accounts helps them to be more concentrated in their practice session, what’s your statement on that?