Search results

It is impossible to get rid of broker's fees completely because the brokers need to earn the money in order to keep on working. I think that your problem is just the broker charges you too much. Trading conditions are different and you'd better browse the forums and the threads which are devoted...

Personally, I would prefer to trade micro if we talk about gaining experience for a newbie. I am not saying that demo accounts are useless. More than that, I think that everyone should start with demo just to learn how to use trading platform. It should be the first step to understand how to...

Well, you were right about the direction as USD/CAD dropped almost 300 pips recently. But I do not think that USD/CAD would continue declining sharply in the upcoming weeks. Yes, the price of oil supports the Canadian dollar, adding selling pressure on the pair. But the greenback is getting...

It's almost impossible to predict such a thing as default, nevertheless it's possible for the US. There is a huge amount of factors and reasons which influence the US economy, starting from their position on world goods exchange market and ending with governmental policy. As we can see, the US...

That is one more evidence of the idea that consistency matters more than the amount of profits. It is no doubt that it is extremely hard to earn a million in a year, but perhaps, the guy took so many risks that sooner or later the bankrupcy would inevitably happen. I think that it is better to...

It sounds great in theory but I'd like to know what kind of AI you want to use in analysing the charts. I wonder what kind of technique you are going to use, like neural networks or just EA or something like that. You've got to have some certain plan before you claim that you are going to buid...

This question is really hard to answer. First of all, the most depressing thing is that if a newbie doesn't have any knowledge or experience, he will not be successful in trading even if he has some working trading strategy. It is hard to find a trading strategy which will be efficient in every...

I still think that it is better to trade EURUSD. I know that the volatility decreases during some period of time, but still it is one of the most liquid currency pairs on the market. However, if you want to have huge volatility 24/7, i'd recommend you start trading cryptocurrencies. FIrst of...

Well, you were right. Selling gold on highs should have brought you a couple of bucks, huh? I hope you closed shorts as I can see a strong support around $1700 per ounce. What would you guys say about the greenback’s strength? Would it last throughout the whole fall? I managed to catch a trend...

You can find a forex broker which allows to trade on demo account. If you are completely new to all of this thing, then you've got to learn a lot. The first resource which is free of charge that comes to my mind is babypips.com. There you can find an educational center with lots of useful...

In my opinion, an absolute newbie should stay away from using leverage in their trading. Leverage presupposes high risks. If you don't know how to trade properly, it is better for you to start with the no leverage trading. Surely, if you use leverage, then you have bigger potential profits, but...

These are great tips and they will definetely provide the traders with some insights about choosing the right broker. I especially liked the tip about taking forum reviews into consideration. You are absolutely right by saying that the reviews can be fake and you should be extremely critical...

Well, the price of gold is consolidating on the weekly timeframe, but it has breached a couple of resistance levels on the daily chart. Several indicators including MACD, RSI and ADX point out a bullish reversal. And also look at that long downside shadow on August 8. Many heavyweight players...

It depends on the particular trader and his/her relation to trading activity. To my mind, trading is such an activity where is impossible to be bored, because every day you find something new about trading out and it makes you be happy and interested in this activity. Moreover, it depends on the...

That is a great and inspirational story. I totally agree with you when you say that whatever happens you shouldn't give up. However, it doesn't mean to do everything the same every time. On the contrary, you should look for different decisions of your problems and for different approaches. The...

Stress plays a major role in trading activity as I think mainly because under stress traders make various decisions, which sometimes are correct, however, I believe that reducing stress affection on trading activity should be the main task for all traders who have such an issue. Stress reduces...

Trading forex presupposes lots of challenges and troubles and not all of the people are ready to take them and withstand the high pressure of the market. The first challenge is to learn. Traders should constantly learn. It is not that kind of skills like riding a bike, where you can learn how to...

I think that Asian markets are quite perspective in case of trading activity, however plenty of traders stay off the idea start trading Asian markets. To my mind, if traders would pay attention to Asian markets, then they probably can become very successful, because there are lots of money...

I believe that the mastery in forex trading can be achieved only through a lot of practice. It goes without saying that it is hard to practise without any background knowledge and some theory. You asked for the advice of some ebook, but I personally think that most of the most renowned ebooks...

To my mind, DMA is needed more for long-term investors. I am a swing trader but sometimes I switch to intraday approach when I see short-term opportunities. Like gold can soar on the back of a fundamental report or a press-conference. I just enter the market, grab my piece of the haul and jump...