There is a popular belief among traders that you can start Forex trading with a little amount of money and become a multimillionaire in just a few weeks. This is highly unlikely. In fact, research shows that 95% of retail Forex traders fail to succeed, an
Have you ever thought about trading forex, but you weren’t sure whether you should or not or whether forex trading is really worth it?
You’re not alone and you are right to be cautious before pursuing forex trading – the majority of retail traders w
Drawdowns happen to everyone all the time. They are as much a part of trading as profits and order execution.
That’s why you never hear about eliminating them. Rather, it’s always about how to reduce a drawdown in Forex.
The foundation of every trade is a
Alongside Googling “how to make money online”, entering a search query asking “how to become a successful Forex trader” is going to yield almost as many misguided and sensationalist recommendations.
Unfortunately, these simple questions do not have simple
One area where all traders struggle with is determining where to place their stop loss. New traders are repeatedly told to stick to a strict risk-reward ratio and religiously follow their trading plan. Fiddling with a Stop Loss can be a sign that you are
Many experienced traders can make it look as if Forex is easy. Just as many professional race car drivers make what they do look easy. It takes a lot to be successful in anything.
The truth is, Forex is hard work to learn. It doesn’t require any special s
Technical analysis is a topic that divides online trading communities. Your first thought might be that traders are bickering about which indicators and technical analysis setup will deliver the best results. But as a matter of fact, traders are normally
Trading in Forex is quite an adventure. Many people choose to travel the world to ‘find themselves’. If you really want to embark on a soul searching experience, trading is an excellent way to genuinely get to know yourself.
We’ve made a list of what we b
A trading journal is one of the most important tools for every forex trader. It is a record that contains everything about your trades, from your trades entries and exits to the strategies you used. Your trading diary gives you a clear view of your perfor
The number of winning traders is only 5% of the total. They made their mistakes, gained invaluable experience, and learned how to achieve results.
Beginners are most prone to making mistakes.
But you don’t need to be afraid of them. It is much better to d