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Establishing a price target is a great way to establish your potential reward relative to risk. If you are risking $300 on a trade, but will make $900 if the price hits your target, your reward outweighs your risk 3:1. Also, if you set a stop loss and a price target, you can “walk away,” knowing...

Forex signals reduces the market risk by keeping traders updated about market fluctuations.

A problem faced is being bored when there are no signals to trade on. This is when we deviate from our trading plan in search for "something" to trade to keep our mind appease. With that, our mind can generate false signals that if you look in hindsight is just a dumb trade. Or even worse, we...

One of the biggest disadvantages of the forex market is that it is fast and volatile. Although this means that you can make money fast, the downside is that you can lose money just as fast as well. Currency values can change without warning, making it difficult to accurately predict where to...

Scalping is the the exploitation of bid/ask inefficiencies, where you buy the bid and sell the ask. This occurs when a negative spread presents itself, in which case the broker is literally giving you their money. This is why brokers discourage such trading.

Trade copying is simply copying another trader’s ideas. Sounds easy and it is now that the technology can support this flow of information.

Very nice tips. Very helpfull for newbies.

With a forex demo account, you can see how the market reacts to economic forces including news events without actually risking your investment capital. However, you must treat this account seriously if you expect to learn from the experience. If you simply shrug off a loss without understanding...

The first step into becoming a more disciplined trader is to set a clear-cut goal. So, having formulated your goal and taking the necessary steps to achieving them, start to monitor your progress. Remember that it’s easy to get lost in the motions of the market. This is why it’s important for...

Demo trading is like a teacher and you can improve your skills by demo practice. Even you can check strategies, analysis, and techniques by demo account without any loss. So, more time spend on demo to become a good trader.

Yes, anyone can trade in this market - and if you learn to trader well, you can earn $$$$. Just remember to review all the free info, including the BP school material in depth before jumping into the market. And if you are new, remember to start small and limit risk and exposure..

Very detailed and informative post.

The first step to implementing the hedging strategy relies on watching the market during the first hour of either the US or UK open. It is during this time that market activity is at its peak and this period often sets the tone for the rest of the day.

FOrex is more profitable than stock but forex has high risk option if you want to get high profit then you have to keep in mind that you could able to loose your money also. Forex can be the main incoming source but beside that you should not be greedy on this sector.

One of the most important criteria for traders when choosing a Forex Broker is the regulatory status of the broker and under which regulatory body it is governed. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their...

I agree with you.

Demo trading account main advantage is that - one could trade the virtual amount as they wish and here there is no risk factor working. Its just a type of test ,the traders are doing before entering to the real trading world. Traders can learn anything related to the market but yes sometimes...

I still believe in stop losses, but not the automatic kind. Rather than using automatic stop losses, I set up price alerts for the securities I bought (and for those I plan to buy). For example, if I buy XYZ stock at $20 per share, I might set a price alert at $19 (5% loss), and also at $25 (25%...

Mobile trading is a felxible way. I use android sometimes.

Yes, I like to trade in contests.