Search results

Its really a long process to grow the account into a larger one if the trader is low risk taker. But whatever the potential of compounding can not be neglected.

One should not use the stop loss at the place which is easily hit. Thus, take up the trade at strong support or resistance levels.

This is really good calculation for the long term traders when they have to hold huge drawdown.

Increasing size during drawdown is more or less relating to the martingale strategy which is risky according to me.

One can improve their trading skill by gathering more information regarding the forex market and by practicing in the demo account to develop a working trading system.

It almost takes the order instantly when there is no much busy market, but if the market is busy then i keep seeing this trade context busy message.

$10K would be like a dream portfolio for a small trader like me. I would really consider this very much seriously and make money which is very much sufficient for me with this kind of capital money.

Certainly its possible if we are along the right direction of the market movement and use the lot size according to the capital money which we have to reach the desired amount of profits.

My preference would be my own money because i could trade tension free without any added burden. Anyways its either the fund raised or our own money we should be very responsible trader.

I would prefer to start with a capital of my own rather than rising the fund which is very risky for the traders. Thus, better to use your funds and keep growing with it is my policy.

It is very much possible to start with your own funds but for this we need to put in good effort and show the long trackrecord with good performance.

Working without goals is just like working without any target while trading in the forex market and the adds are that we may lose out a good winning position. Thus, its always good and very much beneficial for the traders to have clear goals and realistic target so that they can achieve great...

Thanks for taking your time to load this ebook which contains the psychological requirements for the traders which is very much essential in these days as we are always over ruled by our emotions.

This happens to most of the traders that they face this dilemma when they are trading in the forex market. Its always the "never die" "do or die" attitude for me in the forex trading business and thus i tend to push myself even at times when am low.

Yes, i always have plans when am trading in the forex market. I try to make the both short term and long term targets so that it become easy for me to manage the short term requirements and the long term requirements.

If i were supposed to face such a hypothetical situation then for sure i would bet anything more than 70% of my total assets to double the income, and the rest would be to cover up the basic living cost if i lost it.

More or less the same works for me but only when the trades have been taken at the best entry level possible so that i do not have to hold too much of floating loss. Strong support and resistance levels are what which works best for me.

Its a true fact that having knowledge is very much important to excel in any field and the same applies in the forex trading business as well. So, one should be aware of placing the stops at the right level so that its not easily hit by the market fluctuation just lose money.

The income generated from the forex trading has been used for buying physical gold, and investing on real estate to build up the assets.

The basic concept remains the same for all the price action which deals with the HH, LL so its all in the price action of the respective currency pair.