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Here you need to experiment and be able to select indicators that complement each other and filter signals, and not contradict each other. And in different market conditions, trading by indicator will also be with different efficiency. For example, when there is a trend, indicators can show good...

The problem is that we never know how the market will move today, in a range or along a trend. This can only be seen on the past history of the chart. Therefore, the question arises what to use on a particular trading day, a robot based on MA or RSI?

But this feeling of growth may be just a feeling and the price may continue to move after the profitable order is closed, increasing your loss on the second open minus order. Therefore, for me it is safer to trade with tight stop losses and not solve the dilemma of how to correctly open such a...

Yes, candlestick patterns work well in the market. I like to trade engulfing and doji. But such patterns are more stable and work more often if you look for them on higher timeframes. On smaller timeframes there can be frequent false signals.

I close my profit quickly, although I could have let it grow.

The difference is in many things: in experience, in the ability to control your emotions and risks, in the approach to learning and self-development, in the quality of a trading strategy or trading plan, in the presence or absence of a system in trading. You also need to be able to choose a...

I trade using stop losses in my trades. At the same time, I always calculate the lot size according to the rules of money management so that possible activation of SL does not bring big losses.

Well, did anyone become a millionaire after reading this file?)

I always monitor the time of publication of important news from the economic calendar, and also use analytical information from my broker fxopen from its official blog. This gives me the opportunity to make more balanced and informed decisions during trading, as well as determine for myself...

Yes, a trader should always control risks. You can use a small leverage, and also set stop losses in your trades. I don’t see any point in stretching out a loss if your trading strategy has already shown that the trade conditions did not work. And it’s better to close a small minus in time than...

Also, fraudulent organizations often have so-called consultant managers who constantly advise their clients on how to trade and what to do when there is a large drawdown. I remember a case when one trader had a large minus on his trading account due to such "consultations". The company manager...

For me, binary options trading is more complicated than forex. After all, in addition to the ability to determine a profitable entry point and the direction of price movement, here you also need to guess the expiration time. And this complicates trading and increases the chance of losses.

Such brokers often offer tempting bonuses to attract clients. Also, during trading, they often experience widening spreads, orders are opened and closed slowly, the trading platform is unstable and freezes, which is done intentionally to lose their clients' deposits. This is how they make money.

The profitability of trading with a robot is the absence of emotions and trading only according to the algorithm prescribed in them. But there have always been many scammers on the market who sold very dubious systems for money and this could only be determined after purchasing them. Therefore...

Here everything depends on your experience and psychological preparation. But first you need to learn how to earn at least a little money, but do it more stably, without leaving your main job. And only then, looking at your results, think about making forex trading your main job.

When choosing a broker, it was important for me that it had been working in this market for a long time, provided favorable trading conditions, minimal spreads and instant execution in transactions. The speed of withdrawal of profits is also important to me. That's why I chose fxopen.

Many traders consciously switch to the dark side of trading when they try to earn a lot and quickly. Therefore, they trade with greed and passion, do not observe risks, do not know how to wait and want to constantly be in the market for more earnings. Therefore, they do not succeed and only...

If we talk about hedging using multi-directional orders, then here you also need to be able to exit such a lock correctly and not get a bigger loss in the end. Therefore, for me, trading with tight stop losses is more profitable and justified.

The reason for failures is also the unwillingness to analyze their mistakes and find their causes. Such traders tend to repeat the same mistakes, so the trading strategy and trading does not improve and remains just as ineffective.

Yes, we spend some money on living every day, so we need a more stable income, and forex trading can be used as an additional source of income. But it is important that forex does not take away a lot of your investments, which you can lose as a beginner. Therefore, it is better to start with a...