Search results

I'm not familiar with the procedure of opening a swap-free account and not sure what documents are needed for verifying Islamic faith. But I didn't just make it up. I came across this requirement when checking conditions of different brokers and was surprised as well.

If I made money out of nowhere, my family would probably think that I'm doing something illegal :D So it's definitely important to enlighten your close ones about the place of Forex in your life. It's not like you have to make an announcement to all of your relatives, but your parents deserve to...

Swap-free accounts were initially created for people, who practice Islam and, therefore, are prohibited from earning interest on their giving (that's why they are also called Islamic or Shariah accounts). These accounts made it possible for Muslims to trade Forex according to Islamic law, and...

Totally agree with Enivid. If belief in certain superstitions helps you to trade better, then why not? It made me think of an episode from Harry Potter, in which Ron thought he drank Liquid Luck potion and played brilliantly at a Quidditch game. But in fact, he didn't drink the potion at all...

I have noticed that no matter how much money I make there is never enough :D So it's really hard to tell whether I am satisfied.

Unfortunately, you cannot prevent the risk of losses fully. Trading on the Forex market involves risk, and all you can do is learn how to manage this risk properly. Risk management is the one of the most important and most frequently overlooked topics in Forex. But in fact, trading without...

Everything depends on the trading strategy you choose, and in some cases, high volatility may be even more favorable for trading than a low volatility. One should always keep in mind, though, that high volatility means high risks and increased possibility of losses in comparison with the normal...

One of saddest mistakes is working with an unreliable broker who has doubtful reputation and weak regulation. Think twice before giving your money to the company you have never heard of before!

There are many Internet resources promising to teach you how to trade and reveal all secrets of the Forex market. But this industry is very complex and difficult to understand, that's why many questions stay unanswered no matter how many websites you visit. Thanks to forums, beginners have an...

Trading psychology is one of the most interesting and difficult aspects of trading. I believe that everything comes with experience, so you just have to trade and find the balance between the strongest emotions of traders - greed and fear. If you have hard times keeping your emotions under...

Many traders come to Forex with wrong expectations and no basic understanding of the market. Once they fail to become a millionaire by the end of the week and experience considerable losses instead, they give up. Beginners must realize (the sooner, the better) that Forex requires a lot of...

I do feel disappointed when I lose money, but at the same time I feel like I'm on top of the world when I make profit :) We all have our ups and downs. And it's absolutely OK.

There must be a measure in all things. It's OK to be confident as long as it doesn't make you take risky decisions and forget about an initial trading plan. It's essential to understand when the confidence ends, and the greed starts.

Well, it's totally up to you. Many people trade on Forex while having a steady job because they treat it rather like a hobby. But if you have enough experience, passion and confidence to choose trading as your primary career choice, then you should definitely go for it. Just make sure you...

Losses are an indispensable part of trading, and every trader will eventually have this experience. Nobody likes losing money, and it's a huge motivation to avoid repeating the same mistakes in the future. So, losses help traders improve, in a way.