Search results

Well i started to learn regarding the forex trading from the baby pips website which explains level by level, very much good for all the traders who are willing to learn the trading process.

Any kind of money is possible to make by the traders provided they are on the right direction of the market. I feel that the swing traders are always at good profit edge because of huge profits gathered at once.

The market sentiment can be known by looking at the larger time frame chart and the most common way of finding the trend is by looking at the candlestick charts and their open and close values. If the close is higher than the open confirms the bull and if the close is lower than the open...

I would be comfortable to trade only when i have completed my analysis which is according to the price action of the respective currency pair. HHs or LLs is helpful in finding the trend and i would be more confident when am trading along the market movement.

Well increasing the lot size after each drawdown would lead us to use the martingale strategy which is one of the gambling strategies and for this the trader should have very huge amount of equity so that they can keep doubling their lot size. I do not prefer to use this strategy as the risk...

A very nice and informative thread, good to read different traders experience. Well for scalping up our account to a bigger one i feel that we should have two different accounts. One in which we take the returns on consistent basis and then the other one in which we keep compounding the profits...

Yes i would really agree that the fundamental news releases which are major one will bring more market movement when they release and thus increased price fluctuation. But not all traders are good at market price speculation. Thus, most of them follow technical analysis.

Sad but true :( Most of the small traders fail when they are trading in the forex market because of their small funds which does not have the capability to hold the account during drawdowns and hence they lose more and more money to the forex market. But there are ways to minimize this for...

Try to have a simpler view of the price action pattern and have the entry at the best levels possible like the support or the resistance levels and then play for the target to the next level. Remember if you are day trader take the profits which is good for you, sometimes its not easy to ride...

Its the golden saying in the trading world that "Trend is our Friend". Thus, if one is able to catch the trend at the early stages then there are all chances that they can ride some really huge number of pips and enjoy their trading with good profits made.