Recent content by Cleromancy

To become a good trader, you need to be an excellent risk manager, independent thinker and disciplined. Good traders don't compare their results with others and also never seek validation from other traders. They focus on their own growth and development. Another quality that separates a good...

A trading psychology course can’t be a quick fix. It’s a long term experiment which can only be learnt through practicing good trading habits. I’ve seen that in most of the psychology courses you’ll find how a bad mindset can kill your performance. It’s like letting you be aware of the problem...

What I find really strange about these gurus is that they pitch themselves to be ‘anti-gurus’ yet do the same things that online gurus do. If I talk about clay traders only, he sells 14 trading courses and this is where most of this revenue is generated. I don’t know how he managed to do all...

I might not be very correct but I think that since international currency markets are made up of banks, investment management firms, commercial companies, hedge funds, investors as well as retail traders, all of which actively operate as soon as the week starts. As we all know that London and...

The worst problem these days is ‘information overload’. Decades ago there used to be not many social media platforms and the information was scarce. Even the information sources at that time were legit and verified. However, these days there’s no end to the amount of information you can get...

Forex is not a modern profession. It’s been here for ages, we are just getting more advanced in trading. It’s the first time that I ever heard someone saying that ‘know about forex, stay here and then trade more & more to get successful’.That’s not right. You can’t win by simply increasing the...

Diversifying unless you have a really large capital that’s too big to invest in one type of asset is foolishness. There’s no use of trading small lot sizes of many currencies and reducing your profits. These small trades will generate returns which are not going to have any significant impact on...

When you are doing everything in your control, be it following your trading plan or your strategy but still your win rate starts decreasing, that clearly suggests that you’ve lost your market edge. That is why it is advisable to keep a trading journal because this is the only way you can realize...

By banning cryptocurrencies these leaders don’t understand that they are only restricting themselves and the people of their country to be the part of the biggest ever invention. By avoiding cryptocurrencies, these countries are intentionally staying one step backward which will certainly limit...

Before going live, it’s very important to build a strong base by practicing on a demo account. It helps a trader to understand the mechanics of a trading platform and test his trading strategy. One should never move to the real account, unless he’s really comfortable trading on a demo account...

The very thumbnail of the video itself suggests the hidden desire of many new traders, how they believe that one big trade can earn them millions of dollars and change their life. Instead of winning one huge trade, most traders lose one big trade that makes them lose all the money they ever...

The time before and after the release of any big economic news can be very unpredictable. It’s not preferable for any trader, except someone with unusual trading skills, to trade during this time. Wait for how people are reacting to it and then choose to make your decision.

The most important underlying principle of money management is to preserve the trading capital and your profits. Traders can lose all their profits in a single trade if they ignore money management. As Warren Buffett says, There are two rules for successful trading: Rule no 1: Never lose money...

My aim of using a demo account always is to test the trading conditions of the broker, recently used coinexx demo account and after switching to their live found no difference in the spreads, execution, etc. can try them.

I can’t listen to music while doing anything that demands my concentration and focus. When I take small breaks I do listen to my favorite songs or calm and relaxing tunes but then when I am back at my trading desk I shut down every external noise.