Recent content by joliemulliga

I think such platforms have their fair share in bringing scammers to the trading world. It’s only through these places, new traders build unrealistic expectations and often fall into the trap of frauds.

Trading skills can only be improved through consistency. Set rules for yourself and stay disciplined when it comes to following them. It will eventually make you a better trader over time. All this while, focus on preserving your capital because you will never be able to trade if you lose all...

Using fxview, best for daytrading, solid conditions.

When it comes to trading strategy, there isn't a one size fits all approach. One has to work to find their own strategy. Even when you are using a ready made strategy, you should tweak it a little bit in order to make it personal to your needs and goals.

Day trading is risky but can be very profitable if done carefully. I think a common problem with most day traders is that they think that they are obliged to make tens or hundreds of trades in a day. However, there isn't any such rule. Personally, I never take more than 3 trades a day and it’s...

There is! With demo accounts, you trade with fake money, while you trade with your actual money in live accounts. Moreover, there is also a difference in trading experience. Demo accounts are more like a casual way of trading where risk management and trading psychology are ignored by trades...

The number is far higher than this. But what is worth noting is that a high proportion of traders fail! Here, why they fail is important so that new traders do not repeat the same mistakes. The chief reasons why they fail include lack of trading skills and greed.

I prefer to use excel sheets to record my trading performance. Is there something special in the website you mentioned that can make tracking more simple as i’m someone who never felt the need of using something else.

Trading so as to make some extra bucks or compensate for the money you’ve lost is definitely hazardous. But for someone who goes with his plan, forex can never be addictive.

Loved it for the fact that there are some serious movements happening in the market. Have made some good profits especially by trading uso/usd.

Many experts say that it is better to trade major currency pairs as they are more liquid and less volatile. They also suggest trading one currency pair at a time, especially beginners, as it creates less confusion and chances of losses. Some of the most popular pairs that traders like to trade...

Those who are trading on YouTube are good for entertainment purposes, but I would avoid following them while trading because I’m risking real money and I don’t want to lose. There are many genuine sources available such as Udemy and Coursera, where one can learn the intricacies of forex trading...

I think a real strategy is one where you know how much to trade, when to enter the trade and when to exit it. Also, if you implement a risk management strategy while trading, then that makes your trade a lot more secure.

All traders should begin with a demo account because directly starting with a live trading account can be risky if you have no trading skills.

I recently finished A Beginner's Guide to Day Trading Online 2nd Edition- by Toni Turner