Recent content by Sim21on

All the best! Be consistent and disciplined.

For me not maintaining a trading journal.

I would recommend with EUR/USD.

I check whether the broker is regulated or not. Also should provide tight spread and low commissions.

Be consistent in learning and use stop and loss.

When you sign up, you are totally dependent on the trading skills of the trader of whom you will copy trades. The best you can do is find a trader with minimum draw down and the art of choosing traders wisely comes with regular practice on demo account. For a few months now, I have been copying...

There will be ups and downs in any trader's journey, and by taking a more realistic approach to it, you will be able to deal with them more effectively.

When selecting a broker, you should consider not only the spreads or commissions but also whether the forex broker is regulated or not. I would suggest a regulated broker as they offer the best trading environment.

Forex Trading is as risky as you make it! In order to avoid losing trades, it is better if one can opt for a well-regulated broker and can also opt for copy trading platforms as it allows you to follow the best trader's strategies. However, if you want to do it manually, it never hurts to try...

Trading in the forex market is risky as there are global factors such as time, volatility, and other external issues that can lead to large losses. Risk is unavoidable, but it can be controlled with proper strategies. As a result, having a risk management plan is advantageous. Always enter the...

In today’s time, most of the brokers are allowing scalping on their platforms but one thing you need to keep in mind as a scalper is that there should be very less slippage to trade efficiently.

I use dailyFx amd Investing social

which among these brokers is good for hedging?

Read a novel and update my trading journal.I maintain an excel sheet for all my trade gains and losses.

I don’t think so. But people can get scammed with misinformation from traders using that platform.