I do not have a better option, but I have a safer option. I believe trading is a very risky business. Thus, it is good to have a job or business that manages my daily needs. This is how I find it easy to deal with the Forex market.
I use H4 and H1 chart to trade. I do not get more than 5/6 entries per month. My risk and reward ratio is 1:1. My winning ratio is good though, which is 80%. I just love trading as a part time trader. It allows be to trade freely without having any metal barrier.
You have given us two option 1. is knowledge important? 1. is an ECN broker necessary to be successful
I would say both are important. To be able to keep our money and not to get manipulated,we have to choose a good broker. To be able to make money by trading, we do need knowledge and dedication...
Here is an analysis on EuroUsd.Have a look at this. The key level might play an important role for the pair in coming days.Let us see what happens since there are some extremely volatile news events in the next week for the pair to face...
Take a close look at the trade setup on GBPCAD.The pair has been in a range for a long time. Now the pair seems to be bullish. It might offer us long entry as far as this setup is concerned.
Have a look at the trade setup on AUDJPY. The pair seems to be in a good shape to continue offer us entries. This time the pair looks good to offer short entries.
Thanks for your best wishes. I hope you have been doing well with your investment as well.
May I ask which time frame do you use to take entries and what is your trading style? I am just being inquisitive. Hope you do not mind. Thanks in advance.
Archie, Hello again. Yes, part time trading suits me. Nowadays' all the gadgets, and the availability of Internet connection make life easy for the part time traders. Here is a one thing though, I am a part time trader, that actually means I trade on big time frames such as H4. That allows me...
I believe having another full time job or even a part time job along with Forex trading is the best way to go with it. Forex earning varies. There are times when you do not get any good opportunity at all for a week/ or even 2 weeks and it does not matter how experienced you are...