Recent content by SumoBinary

Hi. Happy New Year, guys. My goal is to be more consistent in my journey and in my results.

Lol! It happens when you think about it too much!

One thing that you can’t forget to include in your trading plan is a clear definition of your trading goals. This includes both short-term and long-term objectives. You should take into account your financial resources, risk tolerance, and overall trading strategy. A well-defined set of goals...

There are brokers on the list that offer spreads as low as 0.2 or 0.3 pips and a commission of less than $3/lot. As far as leverage is concerned, most brokers these days offer dynamic leverage, so a trader doesn’t have to take 500x or 1000x.

That’s the primary difference. In terms of volatility, the forex market can be more volatile than the stock market, which can make it more challenging to trade but also offers the potential for larger price movements.

I love historical dramas. Have watched Outlander. It’s fun.

Choosing a reliable forex broker can be tricky, especially for beginners. However, with some help, it can be made easier. I’ve listed some parameters on various forums that all beginners should keep in mind while choosing a broker - Regulations - For transparent pricing & safety of funds...

Gaming makes you smart! Also, it;s a good way to manage stress and improve mental agility, which helps in making quick decisions in a fast-paced environment.

Christmas was fun! What are your plans for the New Year?

Same! I had used Tik Tok in the past. It’s quite addictive. Now, I have extra 7-8 hours/week - which I use to do something productive.

I Love this song -

Ignoring losses in forex trading can be detrimental because it can lead to over trading or a lack of risk management. This can increase the potential for further losses and put your trading capital at risk. It is important for traders to acknowledge and learn from their losses in order to...

As a trader, you are bound to make mistakes, especially when you are starting your career. Mistakes such as not having a trading plan, lack of emotional control, and no tested strategy are very common among traders because as newbies are desperate to earn profits. But the biggest mistake is...

I don’t mind doing it once in a while. But doing anything in excess is harmful - whether it is smoking weed or trading.