Recent content by Killjoy

If you are a beginner, I would suggest you to start with a demo account and hone your skills. For going live, look for brokers, such as Coinexx and FreshForex, who offer micro lots because risk management becomes very difficult as a beginner and it is something that you don’t get to learn...

Choose just one? Sorry mate, not my thing. Just a believer in not putting all my eggs in a single basket! It’s either all of them or none of them.

Self-realization! Me to myself- “You stand nowhere in the market even after years of continuous trading. If it can happen to Laurie Inman, who are you?”

It might have worked in the past. But this time, it’s different and complicated. Just keeping a watch to know what can be done next.

Someone finally said it! Knowledge and experience are irreplaceable but they will also seem useless if you don’t know the basic money management skills. To know, you don’t just have to trade today but should also be able to conserve your trading capital for tomorrow’s trade as well.

All of us take forex trading differently and so we have our own ways of making money. We tend to decide our own times and build our own strategies and so, there is always a different way to succeed for each one of us.

No, I don’t think it’s a good idea to avoid exotic currency pairs because they have more chances of giving you profits. But if you are just starting, then you should avoid them for as long as you can. They are highly volatile and you may not be able to handle them if you lack experience.

Most brokers set a high limit and you can choose leverage below that in accordance with your requirements. The brokers can have their own criteria to let you use leverage. Just go for what suits you.

Don’t be worried about all this. Just focus on your strategy and stick to your trading plan. Any distractions can cost you money. When you have analysed the market properly and know what you are doing, you will always be able to recognize red flags and can avoid them.

EUR/USD and USD/JPY always. They are the most secure and liquid pairs.

Really liked the video! I think most of the traders have this goal of getting successful in trading so that they can leave their jobs but they don’t realise that it may take even 20-30 years to reach that stage. Look at trading as a way to supplement your income, you’ll be more satisfied with...

You can try your hands at different strategies available on the market to see which one works the most for you. A single strategy can’t fit every trader’s requirements.

Knowing that there are so many fake gurus out there is still understandable. But what I have never been able to understand is why traders fall for these gurus when they can find everything and anything about forex trading for free on the internet.

There are simple steps that you will have to follow: · Learn for as long as you don’t get a basic understanding of the market. · Practice on a demo account to get familiar with market conditions. · Use a small amount when you go live. · Learn the importance of using stop loss and take profit. ·...

Leverage is a difficult tool to handle when you have no market experience. Firstly, obtain trading experience with low leverage to see at what level you are. As leverage increases your risk instantly, you must be able to manage your risks properly so that losses don’t affect your normal living.