Search results

Good Point! To make a living from trading, first you should be able to make money part-time.

There is no doubt that trading in forex involves huge risks as the forex market is highly volatile and can also generate huge profits for a skilled trader. The traders get rewarded with profits in return of the risk they bear. But of course just taking huge risks does not guarantee any profits...

There are many reasons behind traders failing but some common reasons are: 1. Lack of knowledge 2. Impulsive trading and over trading 3. Poor risk management 4. Lack of trading skills 5. Not having the right mindset As you know, trading involves a lot of risk and...

Not risking more than 2% is the golden rule of trading and is one of the important risk management techniques. It helps in avoiding taking large risks and unnecessary losses that may happen.

Political risks or political instability can bring the market down. The government can increase or decrease the tax which can influence the price value of an asset in different markets.

How can a child run without learning to walk? Learning about forex plays the same role as learning to walk plays in a child’s life. Without learning a child will fall and get hurt physically but in the case of trader, he will lose all his money.

Moreover if the stress is not managed properly it might lead to chronic anxiety. Traders should first learn stress management to avoid being anxious during tensed market conditions. This can reduce efficiency of understanding and making decisions.

The best way to lower your stress if you start feeling overwhelmed or under pressure, take a break. Go for a walk or try to divert your mind with a hobby or something you enjoy doing. Update your skills by enhancing knowledge and get back on track.

Meditation helps calm the mind and rejuvenates your soul, reminding you that there is a lot to be grateful for and without peace, we won’t be able to achieve our goals.

They learn from their mistakes and edit their strategy based on which trend will give them the most profit. Expert traders have a strong risk management system and focus on their goal.

Education is and will always be part of our lives, studying about forex is important if you’re interested in building a career out of it. I think getting a general idea of the market conditions before you actually make a move, helps you analyse and identify situations better. You can learn a lot...

The only way you can make it in the forex market is if you have passion, a strong drive, and if you’re mentally able to handle loss. It is not an easy journey, on top of all this, you need to stay focused on the market trends and opportunities. Even if you generate more loss than risk, find ways...

It is close to impossible to think that you won’t come across risk while trading, because you will. It’s inevitable. That is why while you gain practice and patience, you also learn to map out a creatively strong trading system focusing on risk and money management ratio in order to maximise...

As long as you think you need to practice and gain some more confidence. Keeping in mind that a demo account deals in virtual money and will not prepare you for the risk levels that appear during dealing with a live account. If you’re just starting out, six months seems ideal. Then you should...

Risk is inevitable when dealing with the forex market. You are bound to incur some percent of loss, but practice and getting a better picture overall, does help you manage and calculate a risk ratio which may help you in the future.

The market sure is quite challenging as you count the various threats that come with it. Sometimes, uptrends and downtrends may not be in your favour and you as a trader just know how to dodge it with utter grace and compassion. It is an art, a skill you master over time. Traders who know how to...

Build a strong strategy with stop loss and limits. Traders must set a risk reward ratio. It’s never a good idea to copy someone else’s plan, they have different sets and goals compared to you. Try to stay consistent in following your own rules and desires. Volatility in the market can wreck your...

Let’s walk through basic mistakes; No proper knowledge of the domain. Risking too much capital too soon, unable to control emotions which leads to over trading and loss of capital too soon. Unable to adapt or grab the latest trends and opportunities. No risk management return ratio. This is why...