Search results

There is a popular saying in forex trading that goes, "If you work on your psychology, everything will work out." I believe in this.

Demo trading is helpful specially for beginner traders who want to learn and polish their skills. By practicing on a demo account any trader can train himself to be a better trader and learn to do profitable trading.

Emotions are an excellent tool if managed wisely. Used wrongly, however, they take a heavy toll on a trader's success.

Only learning and practice can make a trader profitable. Everything in trading shows or mirrors what you have done, so working on that is crucial. Many traders neglect the learning part. Even if they learn and practise a lot, they do not accept their losses, which leads them to failure. They...

While making consistent profit can be a challenge, it is also possible if traders work smarter and apply efficient strategies and risk control measures to reach the end goal. It can take time to earn profit so traders need to be patient enough to bear the rewards.

You don’t necessarily have to possess a specific degree to trade Fx. It doesn’t matter which background you study in, all you need to do is research. Spend time analysing the market situation and you’re good to go.

Choosing how to react wisely is crucial. Emotions can really be overpowering at times, but when one understands how to use them and how to control them, trading becomes easier with time. That can be done through regular journaling of trades, plus analysing how one controls emotions in real life.

Without trading on a demo account, traders will not come to know the jargon and minute technicalities related to the forex market. They won’t know how to interpret charts and how to use other crucial elements in trading.

The worst thing a newbie can do is to enter the live market without having practised in a demo account. Beginners are always advised to practise their trading skills and make a strategy that will make consistent profits for at least 4 to 6 months in a demo account. This is to ensure that the...