Recent content by Truckmorrisanathoy

I like to stay away from trades that I have no idea about. It is better than taking an unnecessary risk.

Micro accounts are the real testing grounds for sure. No fake stuff like demo and no big money which will make you pull your hair <we all know it takes quite a long time to actually start earning big in forex> Best is that you can actually learn how price movements actually affect your trade by...

The burden of stop loss is unavoidable, but with EA, at least you won’t have to worry about the losses since it automatically puts the stop-loss on your trades.

I’d suggest you to download the automated EA program of MT4/5 and try it on the demo accounts first.

A thumb rule I’ve been religiously following- never play around your default indicator settings. Don’t know about your brokers, but the settings of MT4’s MACD with fxview and alpari are great. Why would you take a chance of analysis paralysis by tweaking the settings?

What is also needed is a trading platform like MT4 because most of the commercial EAs are scripted for it. So I always trade with brokers that offer this platform, and that as you know is no biggie. Alpari, fxview, xtb, most provide them. All these brokers can be programmed to work by using the...

I have been into forex trading for the last few years and I still keep an eye on different forex forums to see what other traders are doing. Every time I interact with a new trader, there is something new that I learn. I have made it a habit to use my newly learnt knowledge on my brokerage...

Yes, I agree. Learning is a continuous process and we must not refrain from learning at any time. Every trade comes differently and has something to offer. Keep learning throughout your trading journey if you want to become a successful trader.

We all have been there. If you are using margin, you must be ready to get a margin call. Being a trader for the last few years, I have accepted the fact and have become quite familiar with routine margin calls.

It’s good to try out new things in trading, that is key to growing as a trader.

Use demo accounts to find out a profitable strategy for yourself. Different strokes for different folks.

The phenomena of revenge trading is a very common practice done by the new traders. Infact during my initial days without thinking I started to do leverage trading to recover the loss incurred. I was using Fxview and XTB at that time to invest in multiple markets. Literally at that moment I was...

The loss in the trade should not let you down but ignorance to miscalculation would definitely put you down. There is always a saying that defeats help in winning the war; so by this adage you should not be demoralized by the loss and improve your strategy. The shortcomings and all the minor...

That’s anything but right, trading is all about skills and practice.

I wouldn’t suggest this form of trading as suitable for newbies, or anyone with less capital. Isn’t market manipulation even more here?