Search results

One of the most common hedging methods is to open positions opposite to existing ones. For example, if you have a long position (buy) on a certain currency pair, you can open a short position (sell) on the same currency pair. But you need to be able to exit with a profit on such opposite...

It is important for me that the broker has a positive reputation and has been working on the market for a long time, it is also important to pay attention to its trading conditions, a small spread. According to these conditions, I like fxopen and exness.

A wise trader does not rush and is not greedy, as he knows very well what this leads to. His actions and trades are fully justified and comply with all the rules and conditions of his trading strategy, he is disciplined and does not give in to emotions. He does not try to make big money in a...

First of all, you need to avoid emotional decisions. Your trades should be balanced and thoughtful and executed according to the rules of your trading strategy. Try not to let emotions such as fear or greed influence your trading decisions, all your actions should correspond to the criteria of...

First, you need to determine the reasons for your failures. For example, you may have a pretty good trading strategy, but your greed, haste, fear or excitement turn such a strategy into a loss-making one. That is, in addition to having a strategy, you also need discipline and the ability to...

It is important for me that the broker provides favorable trading conditions, minimal spreads to be able to earn even on small price movements during intraday trading, fast execution and timely withdrawal of profits. That is why I chose fxopen.

We should always learn from our mistakes, so we need to constantly monitor our trading results, analyze losing trades and gradually adjust our trading strategy. This is the only way to improve the quality of our trading.

Everything is possible. Everything depends on your experience, skills, psychological balance and the quality of your trading strategy. Therefore, each trader will have their own results in trading. I think that someone can earn 20%, the only question is the stability of such earnings.

Any trading method can be risky if you do not observe the risks in transactions, do not know how to wait for all the rules from your trading strategy to find market entries and do not know how to analyze the market.

I trade intraday. Therefore, I make short-term transactions without transferring orders to the next day. Minimum spreads and fast execution at my broker fxopen gives the opportunity to earn on this type of trading.

When I was learning to trade, my first real accounts were cents and I lost about 10 of them.

Constant trading on news is a game of roulette. Here any broker can have slippages during periods of sharp and high volatility in the market. And the price can jump anywhere and even knock out stop losses in different directions before going in one direction. Therefore, for me, the market is...

Here, everything depends on the trading method (for example, scalping, intraday trading, swing trading) and the time frame on which you trade and analyze the currency pair chart. Any time frame has its own trends, rollbacks or horizontal ranges (flat). Therefore, the duration of trades on small...

For swing trading you need to have endurance and be able to hold orders open for a long time, allowing profits to grow, which is not the case with scalping. Therefore, here you need to change your psychology and forget about quick deals, be sure to study fundamental analysis and consider trading...

At that time I stopped trading, calmed down and later analyzed my losing trades and adjusted my trading strategy. Thus, the strategy gradually improved and frustrations became less.

Some traders try to trade on important news, which is also a risky trade when the price can suddenly go anywhere and provide an impressive loss.

It is impossible to predict the price before the news comes out. It can move anywhere, even when the data on some currency is positive, the price can sharply go in the opposite direction, which I have seen many times. Therefore, in order not to risk the deposit, I do not trade at this time and...

For such a small account, you also need to choose the right pairs for trading so that they are not very volatile. For example, I would not try to trade highly volatile gold (XAUUSD) on such an account even with a minimum lot. It is better to open a cent account for this amount.

You are right, the market always rises and falls with some financial or global problems. But the advantage of trading on Forex is that we can earn both on growth and on decline. The main thing for this is to have a proven trading strategy and be able to analyze the market, as well as trade with...

On a small account, you will have to use minimal lots in transactions and stop losses in order to comply with risks.