Recent content by Normalcy

It is always better to choose a currency pair with maximum liquidity and minimum volatility. EUR/USD meets the above criteria, plus this currency pair includes the currencies of two of the biggest world economies, the US and European Union. Other currency pairs that traders can choose include...

Such things happen due to a lack of knowledge and experience. On top of it, they become emotional, which blinds their ability to think logically. The combination of these results in a trade loss.

Never seen or heard of it, but I think it might help impulsive traders settle their nerves, especially when they’re losing or lost a trade.

I think I can’t agree completely with the op post. When I started live trading with pepperstone after 3 months on its demo it was like starting all over again. So I went back to practice but this time with a small account of $50 with coinexx. With real money real emotions kick in and you...

I use Forex Factory, Myfxbook, and FXStreet. Their economic calendars are good. Personally, I rely more on the Forex Factory because the information is more organised and easier to access.

No. TikTok is a totally different platform and can’t affect the forex market. The traders who are genuinely passionate about the market won’t look for information from unreliable sources. They know what’s the right way.

Because there are very few people who become successful traders. Most of the traders enter the market but fail to earn any profits. In fact they even lose what they had initially.

A stop loss is necessary because the forex market can be highly risky and you need to learn how to minimize your risks. Stop losses are part of your risk management. They can prevent big losses. Apart from that, you don’t have to be worried about monitoring your trades because your trades will...

Risk is how much percentage of money you can afford to lose. Forex is a speculative market, and there is no guarantee whether you will win or lose. As a trader, you need to be very careful with money and trade with calculated risks. Understanding risk associated with trading is important. But...

Then you must watch it. Some scenes are so good that even when the movie finishes you’ll find yourself thinking about it.

That depends on the liquidity of pairs. Some pairs trend better than the others. Traders need to analyse those trends and then choose the pairs they want to trade. Major pairs are more tradeable, in general. Pairs like EUR/USD, USD/JPY, and GBP/CHF are good choices to trade.

Anything more than enough is bad! If you are losing consistently, then maybe you need to take a break and find a way to improve yourself. There is no logic in trading unnecessarily.

Definitely! Traders should decide the risk and reward ratio for each trade. The risk percentage also depends on your trading capital. As a thumb rule, Lower the risk percentage, the better it is especially if you are new to the market.

Personal and professional lives are usually connected with each other. If there’s something wrong in your personal life, you’ll eventually carry it over in your trading and if you are only surrounded with trading thoughts then it will impact your personal life. Having a right balance is very...