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Many traders got to realize that it is very significant to have a psychological edge in trading and the ability to apply logic instead of emotions. Obviously a trader has put his hard earned money at risk so he tends to get emotional and might panic but instead of getting worried one should...

Trading is hard work at the start but it should be effortless during the trading process.To reach at some level,one needs to work hard as it is all about discipline. Just like for example, one trains himself for a marathon or a tennis match, typically the preparation is much harder than the...

I think a successful trader would let his positions run as they are going his way and close his position when his strategy tells him to and newbie trader might closes his position as soon as he gets a small profit. Former would pay attention to cutting losses. Newbie struggling trader might...

For Day trading,you can refer to some YouTube Channels like Day Trading Zones,Top Dog trading, Markus Heitkoetter etc. ETX eBook Library- It is a broad library of books for traders to use specially for beginners. From technical analysis to global trends these books can help you whether you trade...

Combination of both is the best way to trade or to achieve your goals. It helps to get a fair view of the market. Fundamental Analysis- Under this, Fundamental Forex traders uses data points to know the strength of a particular currency and analyze whether to trade the future movement of that...

Common mistakes which can prove to be a disastrous for people are : Sometimes people are too driven by greed that they tend to invest in what they do not even understand. Lake of accurate money management plan or incomplete knowledge. People think that diversification is always good but it is...

1.Indeed,Diversification maximises returns by investing in different areas and minimise the risk of loss. 2. It is also beneficial to achieve long term financial goals. However, it can prove to be a curse if a person tends to diversify into different stocks in a sector then there is a...

One can refer to strategic performance reports which allows a trader to review a trading system or live trading results so that they can evaluate these trading systems. Anyways you can maintain it ,if the key metrics are considered which are : Total net profit Profit factor Percent profitable...