Search results

I take reviews with a grain of salt, instead I prefer to test a broker on my own. As of now, i am trying coinexx and eaglefx on a small account. Let’s see how it turns out.

It’s great to learn the market basics before you start. But if you wish to stay in the race, in the long run, you will have to keep yourself updated with the market movements.

Ignoring losses will limit your knowledge. You may or may not take money home, but if you are taking a lesson, you are paving a way for your future profits.

Indeed they do bring such outstanding talents.This voice is so insightful and thoughtful.

I do not have any sticky note on my monitor but I do have it on my dressing mirrors saying “Those who dare, WIN.” This gives me the courage to atleast try no matter even if I fail.

I think we can not blame people for these kinds of thoughts. The increasing incidents of scams have led to the development of such mindset among people.

I neither was nor am in the favour of taking loan for trading. Trading with a loan can cause stress anxiety not only while trading but also after trading if the trades are lost. It is better to trade with margin than trading with a loan.

I’d suggest you to go step-by-step and do not jump onto trading live hastily. It is important to have a good understanding about the forex market.

Managing risk is more important than making profits in forex. Traders should not get greedy and forget the risks that are involved in forex. They should use risk management rationally with any influence of any emotion.

You have shown great growth. All the best! You are doing great.

Imo, at that time one should quit trading for sometime and relax until everything gets back to normal.

Charts are there for reasons. Charts are the basis of conducting technical analysis. It helps traders to make decisions rationally.

Emotions like greed may trigger while studying charts. And the best way of controlling greed is that one should also consider risks involved and make decisions accordingly. Keep both risks and profits in consideration.

I prefer scalping GBP/USD. As in scalping I need to make frequent trades, to make good overall profit tight spreads are required. And this pair being a major currency pair offers tight spreads.

Demo is the basis of acquiring practical knowledge about forex. Just like how you test the water before diving in, you need to practise on a demo account to understand the mechanism of the trading platform and know the nature of the market.

Investing in forex doesn’t mean only investing money. Forex requires traders to invest their time in consistently working hard. Forex trading like any business startup needs proper knowledge and planning.

Imo, all the cons of forex are pros if a trader has good trading skills and knowledge about forex.

Traders should be careful and use risk management tools even while using high ratios.

Demo accounts not only help beginners to learn but also help experienced traders to backtest their trading strategy.

The exotic currency pairs are highly unpredictable and traders can not be sure about the trade even after doing the right technical and fundamental analysis.