Recent content by SmithFX

To manage trades in forex, set clear entry and exit points, use stop-loss and take-profit orders to control risk, and regularly review trade performance. Adjust strategies based on market conditions and avoid emotional decisions to maintain discipline and consistency.

Meditation has nothing to do with forex trading but it can help in your mental well-being.

Choose a broker with competitive spreads by comparing rates across multiple brokers. Look for transparent fee structures, narrow spreads during liquid market hours, and minimal additional fees. Check reviews and ensure the broker is regulated to ensure reliability and fair pricing.

Thanks for sharing your through this entire article.

The safety of leverage depends on factors like risk tolerance and asset volatility. Generally, keeping leverage low, around 2:1 or less, is safer. Higher leverage increases potential returns but also amplifies potential losses, requiring careful risk management.

Seeing an uncertain and unstable movement on the market and even in the XAUSUD pair.

Personally I prefer moving average to other indicators because I believe moving average provides the best prediction on the market.

To understand, I follow h4 and h1 candle as well and take help of several indicators.

I think wise people won’t rely on Forex trading only because they know how hazardous the market can be for them.

The market wants practical knowledge from traders but many of us don’t have sufficient knowledge on market behavior.

I trade scalping because GOLD market is highly volatile and so I fear keeping long positions.

It varies from traders to traders! At first ask yourself how much do you know the market.

Thanks for sharing your idea brother! Hope it will help me out down the road.

You can use upper 70 and lower 30 or upper 80 or lower 20 for signal generation.

Try to adjust lot size meaning don’t take more leverage in trading!