Search results

  1. C

    Did you earn from Forex?

    Of course, I earn from the forex. If I don't earn, why should I still be in the market? Based on my trading experience, I earn from combining good trading strategy with commendable risk management to make profits on my open positions. I can also earn when I deposit with my Profiforex broker. I...
  2. C

    How do you handle your losses?

    The truth is it is not really easy losing in forex. The emotions that come with a loss can really hit on the mentality of the trader. Imagine a trade you opened with $100,000 and you lose, it will hit you emotionally. But you must not open that trade with $100,000 deposit of real money. I...
  3. C

    How much does the average forex trader make?

    I don't really think there is a standard average income for forex traders to make in the forex. Whatever you make in the forex depends on your experience of forex trading and how much capital you deposit. For the second factor, you don't really have or deposit very very big. The trader could...
  4. C

    ROI 200% for newbies?!

    Yes forex has a high return on investment.But you must have the knowledge to trade the market. One good means where you could have a high return on your investment in the forex is in the use of leverages. They multiply your trading capital so you can even hold bigger positions with smaller...
  5. C

    Planning Trades to Control Risk

    Leverages are good and bad;all depending on how the trader uses it. A moderate leverage ratio works best as an excessive one could blow your account and bring in the margin call.
  6. C

    Planning Trades to Control Risk

    Thanks! This is true. Leverages are very attractive. I would love to trade bigger trade sizes with just a small capital by using big leverage ratio. But this is dangerous as a losing a trade with heavy leverage can easily wipe off your margin. I also think moderate leverage ratio as 3:1 is good...
  7. C

    Planning Trades to Control Risk

    Forex is about making money. But you can only make money when you still have a free margin to trade with hence the need for risk management and protecting your capital. I will say new traders should get over the excitement of wanting to make big quick money and avoid trading big lots.
  8. C

    Planning Trades to Control Risk

    Honestly I feel to make more money in the forex, you have to first protect your capital with adequate money management. Don't only look on what you can win, also have your eyes on what you stand to lose too. This is why it is very dangerous to trade without a stop loss.
  9. C

    Planning Trades to Control Risk

    This is what technical analysis is about. Knowing better the right place to use as entry and exit points. The idea of the trend is very useful in this. If a trader can accurately time when a major trend is forming and open a trade with the signal and it turns out to be correct, he can make a...
  10. C

    Planning Trades to Control Risk

    I feel that the simple mistake yet deadly that some traders do is think that the forex is one random thing of luck, so they jump in one trades opening and closing positions hoping to be lucky to make some pips. But this is wrong, making profit in the forex is not luck, it is planning and...
  11. C

    Do you think Breakout trading is good?

    Trading breakout is a good strategy that many traders use for their entries. Price action traders have the advantage of trading with the trend on their side and then they could be the first to notice market reversals. In breakout trading, after looking for the previous swing high or low in an...
  12. C

    The secret about trading strategy

    I think I agree with you here. Purely the trading strategy of a forex trader is his map on his trades, his trading plan so not having a concise trading approach to trading the forex is not safe and the market can pull you back and forth. Back then when I just came into the forex, I had no...
  13. C

    What is the Break Even Point

    When it comes to forex trading, the break even price is the price at which a position is closed with zero profit and zero loss (zero P&L). This is when a trading position goes back to the entry point so that it recovers from its floating losses - this would bring the trade to a point of...
  14. C

    How to Use Risk Reward better

    In Forex trading, it is very necessary for the retail trader to understand what money management means and as well use it to grow your trading account. But then it is a sad thing that many new traders remain greatly unaware of some or event the most fundamental concepts of good Forex money...
  15. C

    Strategy without Indicators!

    Indicators from the root of technical analysis as there is hardly a trading strategy that doesn't use one or more of them especially the candlesticks, moving averages or Fibonacci retracement levels. But then if you would want a strategy which doesn't have any of these advanced technical...
  16. C

    Buy-and-Hold Strategy

    There many types of traders in the forex, but we can simply classify them into three groups which would include day traders, position traders and then swing traders. Though some forex traders may see a position's trade or buy-and-hold strategy as an investment, in practical terms, it is just a...
  17. C

    How to manage Emotions of trading?

    A lot of traders are on the losing side of the forex market not because they are lacking when it comes to the technical aspect of the forex, as they can well interpret charts and timeframes yet they have severally gotten the margin call. Why then? Simply because they can't manage their emotions...
  18. C

    How To Use Limt Orders

    A limit order is a market order. The limit order has special instructions which prevents it from being executed until the market price gets to the price you had chosen when creating the order. If all conditions are met, the limit order should help to cut down the amount of risk you could face if...
  19. C

    Why it is very important to have a trading journal?

    I think it is very necessary to have a trading journal as a forex trader. As a forex trader, it is important you keep adequate record of your trading activities; this helps you to track your trading performance. When I record my trades and I suffer a loss, I don't say I am just being unlucky. No...
  20. C

    Leverage Isn’t a Bad Thing

    It is true that leverages are good trading instruments but which you need to be careful with. Leverages as we know are expressed in ratios as a leverage ratio of 100:1 makes you to be able to control a $100 with $1 in your account. This means that you will be able to control $500,000 with just...