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- Siongfx replied Jun 14, 2022
It depends on your capability. If you think you can derive sufficient amount of profit from trading, you can choose full-time trading. Otherwise, stick to part-time trading as long as you are not well-learned. Follow all the possible approaches of ...
Should I become a full-time Forex trader?
- Siongfx replied May 27, 2022
Hedging has always been a highly preferred strategy by a certain class of people. Even though there remains a huge uncertainty of making profit, it is their top-priority. I always recommend traders to avoid this for their self fund protection. But, ...
Hedging issues
- Siongfx replied May 25, 2022
Using stop loss will protect you from getting losses. But we see traders are averse to using it because they can’t feel that a sudden volatility can blow off their capital. Using stop loss should be the part of one’s trading plan.
Do you use stoploss?
- Siongfx replied Apr 28, 2022
We see maximum traders trade in multiple trading pairs and as a result they cannot benefit from here highly. So, we recommend them select a single pair to analyze and trade. It is really comfortable and painless for a trader.
Choosing a currency pair
- Siongfx replied Apr 27, 2022
Expert traders always trade in a single currency pair because analyzing all the pairs at a time in a body is really difficult for traders and traders can hardly forecast the market. For certain, traders should keep themselves away from volatile ...
Choosing a currency pair
- Siongfx replied Apr 21, 2022
Knowledge drives a person towards success and the ways of earning knowledge among traders are different. Several informative e-books are available online from which traders can derive sufficient amount of profits. So, traders should focus on ...
Recommended forex books
- Siongfx replied Apr 20, 2022
It’s really hard for scalpers to take away more and more profits from Forex market. Because their open position and close position of a trade remains in a close proximity. But traders who trade for long-term can take away much more profit even ...
long term trader who are in total profit?
- Siongfx replied Apr 14, 2022
Those who are full-time trader invest their whole day in trading. They are those investors who are expert in trading. Those who are not expert can’t trade in Forex as full time traders because it causes loss for them ultimately. Full time traders ...
Should I become a full-time Forex trader?
- Siongfx replied Apr 13, 2022
Beginners should trade Forex carefully and they should be devoid of greed, emotion and fear because these three worst qualities are mostly seen among traders. Their sole intention should be acquiring knowledge as much as possible. Because without ...
Any Advice for a Beginner?
- Siongfx replied Apr 8, 2022
Mindset plays a vital role in trading. A trader should flourish his mindset to earn a better feedback. I a mindset, there should be no negativity because a negative mindset can never inspire you. A trader should practice more to remove fear of ...
Mindset Mindset Mindset!!!
- Siongfx replied Apr 7, 2022
I also try to trade based on trend. I believe in price action trading and always focus on support and resistance level. I went through your comment and saw you preferred open price as an entry point. But the open price doesn’t seem to be a valid ...
95% of the time Price will close above or below the open price
- Siongfx replied Mar 30, 2022
Seeing this chart, there is no way to doubt that this is a buying zone. But, how do you believe in 1 minute time frame? I even have to think ten times when it is a 15 minute time frame. High time frames provide a sustainable result in reading market ...
Analysis and Trading based on Envelopes, Waves, Cycles
- Siongfx replied Mar 6, 2022
I am really hurt seeing your story and really feeling sorry for you. All happened to you just because you are not on the right tract. Trading by following others’ signals, strategies and trading system is never a productive way for advancing and ...
Any idea about real success in forex trading?
- Siongfx replied Mar 4, 2022
Indicator is a very important tool to follow for predicting the market. There are a bunch of indicators. But personally I use moving average, RSI etc. But you don’t need to use any paid tool rather you should use the trading chart as a weapon to ...
What best indicator to entry signal and TREND?
- Siongfx replied Mar 3, 2022
The ways through which risks of a trade is lowered is called risk management. Lowering lot size, trading with low-spread currency pairs, proper money management policy, using scalping strategy are some of the risk management policies. Risk ...
Risk Management - the recipe
- Siongfx replied Feb 25, 2022
Absolutely ForexFactory is one of the most popular way of learning; There have tons of useful members here, I’m not a newbie but I joined here to learn & improve my current trading skill! On the other hand, ForexFactory Calendar is till now number ...
I want to learn and learn
- Siongfx replied Feb 23, 2022
I think, new traders don’t need to buy any Forex trading related book initially, there have tons of informative threads on this forum! By the way, I think “Forex trading strategies & analysis for beginners – by Matthew G. Carter” is a good one!
Recommended forex books
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