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Currently, I am hooked to Candlestick Charting Techniques - Steve Nison.

Not on my monitor. But I have a couple of sticky notes across my working space. I put them to remind myself of anything related and non-related to trading.

Don’t trade! There is no point of trading when you are already messed up. It will make things worse.

Since there’s no real money involved actually one can use any broker, but still it’s better to go for one you are planning to use with real money later on. I personally started demo trading with 2 brokers - coinexx and paxforex - found trading conditions of both equally good so opened a live...

Though poker and trading have endless similarities, it isn't necessary that a person who is good at poker can pull off trading equally well. The major difference is that poker is a time bound game but in trading you have to decide your entry and exit levels. If you fail at doing this you can...

Hi Tapani! Glad to have you here and would love to know more about you. For how long have you been into trading and which markets are you interested in?

I haven’t come across any legit forex trader who is sharing valuable info on youtube. They all have fancy titles, which are obviously clickbait because when I watch the videos, I see fluff for the most part and very little knowledge that I can actually use to enhance my trading skills or place...

I like bounce strategy where I identify a level where the market has dropped significantly and then bounced back. I view that level as the support level, which makes it a good spot to buy. If the forex pair slips to that level again, then it signifies a potential trading opportunity.

I think China doesn’t want to spoil its already spoilt image. There is certainly a secretive deal going on between Russia and China, which the world will come to know eventually, but as of now, the Chinese stance is, ‘we won’t send military help to Russia’, and the entire west can’t do anything...

The value of NFT is only understood by the one who has created it and the other who buys it. For the rest of us, it’s a stupidity. To be honest, I’ve come across one argument that can justify buying this digital art for millions of dollars.

Forex crunch and Forex Live are good ones.

I’d say emotions. At least this is what affects my decisions most of the time. Too many red candles makes me panic sell.

When scalping, traders often forget to take into account the money they are spending on trading costs or on losing trades. Many think of it as a strategy which rewards for performing more trades so traders keep pulling the trigger and the end result is that they lose more than they’ve earned.

Any lovers of James Clear’s Atomic Habits here? This book has literally changed my life. Would love to hear other’s thoughts!

There may be some lucky ones who are born with this master skill called adaptability but for most of us, it’s not easy to adapt to different situations. The only way I know is to rigorously follow my rules and constrain myself from violating them.

To succeed as a trader, you don’t only have to work on your trading skills but also have to master your psychology. This is where trading changed me as a person. It has made me mentally stronger and encouraged me to plan everything before taking any actions. Also I’ve learnt how to manage my...

To be honest, I like how the market is continuously toing and froing these days as it’s opening up countless opportunities. Also, without volatility it’s not possible for traders to earn profits. However, I’ve slightly changed my strategy and am not trading very frequently, instead I’m focusing...

I agree that quality matters more than quantity but I don’t think it’s applicable for every trader. For instance, 30-35 trades a day won’t be too much for a day trader whereas it will be a lot for swing traders even in a month. Therefore, It’s your trading strategy that determines how often you...

Things that has helped me to become a profitable trader- 1. Making a trading plan and strictly following it. 2. Focusing more on risk management than on making big profits. 3.Keeping my strategy simple.

Traders should avoid trading exotic pairs because- -They’re complex to trade - High volatility - High spreads - Low liquidity