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A mentor is much needed, especially when you are a newbie. With that, a trader can have the proper assistance and understanding of the trading. A mentor helps you guide through several stages of trading. It is beneficial if you have one.

Exactly! To avoid further confusion, traders should always read and understand their broker's terms and conditions before selecting one.

Mind and trading work simultaneously which is why a trader can make a quick decision at a time. Without a sharp mind, you cannot trade.

Btw was checking on the news, seems like Vantage finally added MT5 to their trading platforms list. So I thought of sharing it here.

That's really motivational! Thanks for sharing.

Some books that i have read and i would further suggest are - “Cryptoassets” by Chris Burniske and Jack Tatar “Cryptocurrency” by Abraham K White “Mastering bitcoin” by Andreas M. Antonopoulos Apart from that bitcointalk is a good forum to learn about cryptos

I don’t think so we can compare it with anything . Trading is purely exclusive . Has got its own features like risk , observation , reward , uncertainties , gains , losses etc . For those comparing it with a game and results of the game to be money , the point is somewhat justified . But the...

Probably now you know why it is said that don’t let emotions rule you in trading. What you feel is human , and happens with a lot of traders in initial stages ,(happened with me too). What i would rather suggest is to try and incorporate some meditation in your life, take a walk in between ...

Yes , i have been trading in both these markets (investing in gold and trading stocks) and making pretty good returns on a regular basis. These markets are highly liquid and offer great returns and opportunities for investors and traders both, provided one knows when and where to trade/invest in...

A risk reward ratio measures the expected profits and risks from undertaking a particular investment/trade. It is a great measure of managing the risk and capital effectively. A risk return ratio of 1:5 implies that you are risking 1 $ to make 5 $ . Although there is no optimal ratio that can be...

A few tips would be : Set a stop loss Book profit when the target is reached Choose the right stocks. (liquid stocks0 Determine your exit and entry points Formulate a plan each day Time your trades Know when to stop Not more than two or three trades a day

Risk tolerance will vary from person to person. In context of capital and risk , it is something that you will only be able to decide. However , you must not invest more than you can afford to lose. We know that higher the risk , higher the profits . But, instead of going by this rule alone ...

Emotions combine to make traders impatient and undisciplined. Such a trading results in over trading , too much risk , entering or exiting too soon. So, a trader must put in efforts to become patient and disciplined. Log out of your trading platforms in between . Unless you are trading you...

Currency correlation measures the extent to which two currencies have moved in the same ,opposite or random directions within a particular period of time. Currency correlation can help you to hedge or diversify your exposure to the forex market. Currency correlation helps to identify forex...

There is no hard and fast rule to earn money in trading. You need to develop your own style of trading by understanding your strengths and weaknesses . As far as your losses are concerned you should rather spend some time demo trading where you can test your strategies and familiarize yourself...

Unlike CFDs ,Options provide an opportunity for future ownership at today’s price. If tomorrow’s price are more than today’s your options are as good as cash in the bank assuming you execute them and bank the difference before market reverses. As compared to CFDs options have a much lower...

Intraday trading is recommended for regular experienced traders than beginners since traders focus on making money from minute changes in prices. Markets are highly volatile and so beginners should rather sit back and spend time and effort on understanding and analysing market trends than trade...

Newbie struggling traders may not have clear cut goals and may be too much affected by emotions and lure of profits. They usually lack a strategy or plan. They may over trade . Whereas successful traders will have clear cut well defined goals and are not much affected by emotions . They know...

None of the two can be said to be more useful than the other. Its better to use a combination of both rather than a single strategy. Both the methods are used for researching and forecasting the prices of stocks.

Not all hours of the day are good for trading . So based on your experience you need to figure out your best time to trade. Figure out time when market is most active as active hours vary from country to country. According to me ,the best time to trade for me are the opening one or two hours as...