Recent content by navyelite

A large amount of patience is required in order to go through the learning curve. It’s not a shortcut where you can become rich overnight. Also, patience also helps traders to control their emotions when in positions.

By developing trading skills to protect your trading capital, trading discipline and consistent learning about trading

I believe sticking to the plan is best. I would recommend you to control your emotions, trust your plan and go with it. If you lose, find the mistakes and learn from them.

Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.

There is nothing like a best strategy. Everyone has their own trading strategy based on their capital, risk tolerance and profit expectations. Of course, strategies are important for trading but the market is uncertain, any strategy can work or can fail.

No, Index funds generally tend to be less volatile than most individual stocks, so i believe indices are safer than individual stocks.

‘Mo Money Mo problems’ by Notorious Big

For me, risk in trading is to put your hard earned money without having knowledge and experience.

I’m amazed by your performance. Age is just a number, you proved it.

Making money in casinos depends on luck and the game is controlled by Casino owners to make consistent profit and we can’t determine the risk on investment. But this is not the case with trading, to make profit here you should have knowledge and analytical skills to determine your risk on...

I prefer to trade more than 3 currency pairs. Among all, USD/EUR and GBP/USD works for me.

No never, I think meditation is sufficient enough for all psychological problems.

For me. It is a dream job I love trading as this is a medium to generate extra income just by sitting at one place and you are your own boss.

Few things I do to improve my trading: Make a trading plan. Make a record of each trade and review my efforts. Practice with amounts that I am okay to lose. Not follow people’s opinion blindly, rather do trades that fit in my plan and work for me. Try to cut down on emotional stress...

I would suggest a demo account first. Go through various features of the trading platform, test your strategies on demo accounts and then switch to micro accounts.