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Hi. Happy New Year, guys. My goal is to be more consistent in my journey and in my results.

Lol! It happens when you think about it too much!

One thing that you can’t forget to include in your trading plan is a clear definition of your trading goals. This includes both short-term and long-term objectives. You should take into account your financial resources, risk tolerance, and overall trading strategy. A well-defined set of goals...

There are brokers on the list that offer spreads as low as 0.2 or 0.3 pips and a commission of less than $3/lot. As far as leverage is concerned, most brokers these days offer dynamic leverage, so a trader doesn’t have to take 500x or 1000x.

That’s the primary difference. In terms of volatility, the forex market can be more volatile than the stock market, which can make it more challenging to trade but also offers the potential for larger price movements.

I love historical dramas. Have watched Outlander. It’s fun.

Choosing a reliable forex broker can be tricky, especially for beginners. However, with some help, it can be made easier. I’ve listed some parameters on various forums that all beginners should keep in mind while choosing a broker - Regulations - For transparent pricing & safety of funds...

Gaming makes you smart! Also, it;s a good way to manage stress and improve mental agility, which helps in making quick decisions in a fast-paced environment.

Christmas was fun! What are your plans for the New Year?

Same! I had used Tik Tok in the past. It’s quite addictive. Now, I have extra 7-8 hours/week - which I use to do something productive.

I Love this song -

Ignoring losses in forex trading can be detrimental because it can lead to over trading or a lack of risk management. This can increase the potential for further losses and put your trading capital at risk. It is important for traders to acknowledge and learn from their losses in order to...

As a trader, you are bound to make mistakes, especially when you are starting your career. Mistakes such as not having a trading plan, lack of emotional control, and no tested strategy are very common among traders because as newbies are desperate to earn profits. But the biggest mistake is...

I don’t mind doing it once in a while. But doing anything in excess is harmful - whether it is smoking weed or trading.

A good piece of advice for a new forex trader would be to start with a small account and focus on learning and developing a solid trading strategy before risking a large amount of capital. It is also important to educate oneself on the risks and potential rewards of forex trading and to develop...

It is important for forex traders to prioritise their mental health and seek help if they are experiencing depression. This may include seeking therapy or medication, as well as finding ways to manage stress and maintain a healthy work-life balance.

For sure, it is! Because of its features - which include offers high liquidity, low transaction costs, and the ability to trade 24 hours a day, five days a week. However, it also carries risks, including the possibility of significant losses due to leverage and market volatility. Hence, one...

The best tip, which I follow till the date, is to develop a solid understanding of financial markets, create a trading plan and stick to it, and manage risk effectively. It is also a must for a trader to stay up to date with market news and analysis. Seek out educational resources and consider...

Like any activity that involves risk and the potential for financial gain, forex trading can potentially become an addiction for some individuals. It is important for traders to be aware of this risk and to manage their trading activities responsibly to avoid developing an unhealthy obsession...

Any good Christmas recipes to share? I am planning to host a dinner :)