Search results

I think that first you need to try very hard to make forex trading your additional income, and only then look and think whether it can be made your main income)).

Now you can trade XAUUSD with many forex brokers, the only question is the size of the spreads and the quality of order execution. Try Exness or fxopen, they have good trading conditions and instant execution.

I know a trader who trades only XAUUSD, using volume information from several paid trading terminals, his entry points are just great. The volatility of this pair is more than enough for him to earn good money on it alone. I am not as professional as he is, so I trade less volatile pairs such as...

I think that most newbies come to Forex for big and fast money, so they try to trade in a hurry to achieve such fast and big results. That's why they fail, because in addition to ambitious plans, they also need solid knowledge, which cannot be obtained quickly. But few of them want to study for...

I prefer my own trading according to my trading strategy. I am used to being personally responsible for my money and my actions, so I don’t get involved with signals and copying trades. And I don’t want to be dependent on someone else in my earnings.

I always set stop loss and take profit in trades. But if the price starts moving towards my take profit, then according to the rules of my strategy, at a certain place and at a certain time, I set breakeven and then I don’t worry about getting even a small loss on the trade. Then I just wait for...

It is also difficult to make money on Forex because not everyone can control their emotions when trading, be psychologically balanced when they receive a loss and try to immediately compensate for it, which makes the loss even greater.

It is better to be a professional at trading one asset than to try to trade all assets in a row and know practically nothing about them.

I also didn't have time to buy bitcoin when it cost $100. But 2 years ago I bought it at $22,000 and it suited me).

Yes, there are many like-minded people on Forex with whom you can discuss many aspects of trading and approaches, which is also useful for learning.

The market always fluctuates, that is, it goes up and down, without this we would not earn. And to understand it, we need a trading strategy that is built on the basics of technical and fundamental analysis, showing the direction of the trend, the rules and conditions for its change, where to...

The size of the stop loss in each individual transaction is different for me. It depends on the currency pair I am trading, its volatility, where the nearest significant support or resistance level is located, and some other conditions of my trading strategy. Therefore, it is not possible to set...

In trading, it is important to control risks. Then the losses from incorrect transactions will be minimal, which can be compensated later without unnecessary anxiety and fuss. That is why I trade with a small leverage even when my broker fxopen gives the opportunity to trade with a much larger...

Profit will come when there is risk control in trading. Therefore, for me, a 5-8% income per month is satisfactory.

Because many newbies come to Forex for fast and big money, and they want to do it with a minimum of knowledge and a minimum investment of money. Greed, excitement and haste ruin such raiders.

Scalping is not such a profitable and safe way to earn money as many people think. After all, when you make a lot of trades a day, you get tired and irritated, so mistakes and losing trades often appear. And not everyone can withstand such a trading mode, overtrading and the desire to constantly...

I would have bought bitcoins or gold with this money a few years ago)).

So far everything is going according to plan).

I tested, supplemented and optimized my trading strategy for about six months. Only after that my trading statistics began to show positive results and I switched from a demo account to a real ECN account with the fxopen broker, which gave the opportunity to open it starting with an amount of...

I overcame my greed and fixed the loss in time and did not let it grow, thereby saving the deposit. After that, having finalized my trading strategy and corrected some shortcomings in it, I was able to compensate for this loss with the next trade.