Recent content by Andrei_65

Making money in forex is tough—good analysis helps, but emotional discipline and patience are what really get you closer to success.

When I first started trading, sticking to strict stop-loss limits and focusing on risk management were the rules that kept me in the game. As I gained experience, I learned to trust my instincts more and became more flexible with my strategies, adapting them to different market conditions...

Honestly, I’ve seen this play out so many times, it feels like it’s more than just bad luck. There’s definitely a level of manipulation going on. If you’re looking to dive deeper, check out some YouTube videos on market traps, trading psychology, and manipulation strategies. There are also...

I’m all about ECN brokers as a scalper. They offer direct market access and those tight spreads really help during busy times. The transparency and liquidity make trading smoother, and I never have to worry about requotes messing with my entries or exits. Since I mostly prefer low-cost trading...

Trade management for me is all about discipline and strategy. I always start with a clear plan, setting entry and exit points based on thorough analysis. Risk management is crucial, so I never risk more than a small percentage of my capital on a single trade. I use stop-loss orders to protect...

Absolutely, meditation can be a game-changer in trading. I've found that it helps sharpen my focus, keeps my emotions in check, and reduces stress. When I'm calm and centered, I make better decisions and stick to my trading plan without letting fear or greed take over. It's like a mental reset...

can anyone please help me out understand margin in simple terms?

In forex you need to understand the pros and cons of this market before entering it. It is no doubt a volatile market but if you can understand the market, it's charts then you are good to go and can earn a good amount from this market.

Yes both stock and forex are different. It seems to be similar but on the technical basis both are different.

I also use BTCUSD currency pair to trade in during the day. But you need to do your own research and find which currency pair suits you the best.

yes absolutely you need to follow your inner voice and follow the chart pattern after a big rally.

When we start trading, a demo account is a requirement. I still occasionally utilize a sample account, primarily for backtesting my trading strategies. It's a fantastic approach to study and test.

Fighting greed is really very tough thing to do. You know it is not good for you but you still can't control your emotions. Everyone knows what is his or hers saturation point but still wants more. You should stop at that point in order to be consistent and profitable.

Trading the news in my point can be good as well as can go against you as well. Because without your own learning and effort you cannot succeed continuously on forex.