Recent content by Herbert

I am curious, is profiforex still taking U.S traders? I have searched on the website for this information, but nothing. I read somewhere that they stopped accepting U.S

Thank you! Well, I am bit disappointed that there is no interest. But am glad that my account is protected against negative balance. I had this issue with another broker where I was asked to pay money when my account went negative. I will continue with profiforex

Really? I would like to know why you have said this. Anyways, contest has begun and I suck at the moment....

This is the first contests I have joined. It kicks off in two days time. It is better when the contestants are not much, there is a good chance I will come out one of the winners; 1 to 10th position. Now I need you my fellow traders to help me out with a good demo trading strategy. I need a...

Trading too aggressively is perhaps the biggest mistake new traders make. They think that aggressive trading will help them get rich quickly. Hence, best money management methods include having realistic goals and a conservative approach is the right way to start trading.

Technical indicators can improve your odds, but they were never meant to be perfect. They can send out wrong signals from time to time. However, when you are experienced in their use and good interpretation can lead to a level of consistency that can translate into net gains and profits in the...

Talking about trading decisions, a trader should recognize the moments of waiting and executing. New information on all currency pairs is available and all time frames every minute. The market is basically in a constant change and each moment offers the potential for a new setup. A trader must...

Once you understand the basics of how the forex market works, as have been suggested, and how to generate trading signals, coming up with a forex trading plan can actually be quite a simple initial process.

Just be prepared for all the complexities before you switch brokers. Your new broker wants to make the process easy for you, so feel free to ask for help if you need it.

Forex traders must always be patient and wise when making a decision to increase their trading size/risk. Do not ever make a hasty decision to power into a trade when the price just seems to be taking off like a rocket. Maintain your discipline and your money management!

There is something wrong if you have stress while trading forex because it doesn't have to be that way. The successful trader must always have cash in reserve, like a good general who keeps troops in reserve for exactly the right moment, and then moves with great conviction, and commits his...

Only the best traders cut their losses without reservation or hesitation when the market tells them the trade isn’t working. They don't trade with the money that they can't afford to lose.They set a proper and reasonable stop loss for their trades. And only the best Forex traders have an...

Panic leads a forex trader to make wrong choices. The impact of panic is greatly amplified by leverage. And as price fluctuations increase in depth and frequency, the value of predictions diminishes significantly. This can result in a loss of confidence in our trading choices. What is the...

That is why setting goals and having trading techniques are very important in Forex trading. Without them, those who over-trade and are afraid of losses are not too likely to improve.