Some final words of wisdom before you venture out into the challenging world of trading forex.
Making mistakes is part of the learning process when it comes to trading. Here are the most common mistakes that beginner traders make.
The 5 O’s of trading are fatal for traders. Your success depends on avoiding these mistakes. Learn what they are before it’s too late and you end up blowing your account!
Do you want to learn how to make all the money you just deposited in your trading account quickly vanish?
Here are some trading tips every forex trader should keep in mind before trading currencies.
What separates good traders from bad traders?
As awesome as the world of trading is, we can't deny the fact that there are a lot of trading scams out there, so read through this section carefully!
Would you entrust your hard-earned money to a complete stranger? If you answered “yes,” then account managers are for you!
The forex market can be very exciting and a way to build wealth, which unfortunately means it attracts the less desirable sort who will try to take advantage of others. Don’t be a sucka…learn their tricks here!
In the forex world, a “robot” or an “expert adivsor” is a program that strictly uses technical signals to enter in trades automatically. Sometimes the robots work, but usually they don’t!
Ever thought about subscribing to a forex trading signal service? Before you do, make sure you really know what it is all about!
Did you know that certain brokers are actually scammers? Believe it or not, there are some brokers who “cheat” their clients.
If you’re in the US, you’re not alone to fight the battle against forex scams. Read more to see who has your back!
Don’t worry if your broker is not U.S. based. Other countries also have their own regulatory agencies!
Scams are real. Let’s close out this section with the six most frequently asked questions about them!
Get to know yourself first before doing anything else in your FX journey. Give the quizzes a shot and find out more about the budding trader in you.
Each trader is unique, which means each trader needs his own trading style. Are you a scalper, day trader, swing trader, or position trader?
Picking which currency pair to trade is just as important as finding your own trading style. You have to find a currency pair that you are most comfortable trading.
Are you a newbie or a pro? Your level of trading experience will determine whether you should trade live or stick to demo for a while.
Some traders rely heavily on indicators while others merely look at price action for a trade. Which style do you prefer?
Should you go with a trend-following mechanical trading system or a reversal-spotting one? Find out what kind suits your personality better by taking this quiz!
While taking risks is inherent in trading, each trader has his own risk comfort level. Some are completely fine with betting half their balance, while others prefer extremely safe trades.
There are four main kinds of stops. Based on your personality and methods, which one should you use?
"You're finally done with the School of Pipsology. But the truth is, you've barely scratched the surface. There are a lot more things to learn!"
They say all good things come to an end. Now that you’re about to enter the real forex trading world, you have be ready to dive in and wrestle with the biggest sharks.
Time is the best investment you can make as a trader. Every single day should be taken as a learning opportunity.
Forex trading is a zero-sum game which is why trading like a forex dealer works to your advantage.
Why you shouldn’t always jump in when you see the forex market making sudden moves.
In the beginning, the process of learning forex trading properly and consistent deliberate practice should be your main focus, NOT the profits.
Nobody can perfectly predict the market every single time. So, sorry to burst your bubble but the Holy Grail of trading systems doesn’t exist.
As a new trader, your main goal should be to make good trading decisions and SURVIVING!
Like any other profession or craft, to be truly successful, you must love what you do.
All things are difficult before they are easy.Thomas Fuller