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aimhi
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There are a lot of trading strategies like elliot waves, wyckoff etc so we need to apply those who best suited to our need and are understandable too.
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Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.
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In my opinion these candlestick charts are more easier to understand as compared with the other charts.
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I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
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There are many resources related to forex trading available on forums like babypips and forexfactory etc.
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How do I interpret candle stick chart in stock market?
aimhi replied to nameeta26's topic in General Trading
Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money. -
Thanks for sharing, also have a demo for backtesting and refining any current or new strategy before implementing on the live accounts.
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Are you an expert when you win, a beginner if you lose?
aimhi replied to jason.lee's topic in Beginners Forum
Traders should get their hands on journaling in order to review them for improvements and learning from their mistakes. -
Nowadays, it is really becoming hard recommending any broker since there are many new players joining this industry while many somehow winding up as well. So, it is good to check broker's reputation and number of years in service before opening live account with them. I guess HFM has a good past reputation in my opinion.
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Candlestick patterns are easier to understand than any other charts in my opinion.
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Yet being bad at contest but keep participating can be good to perform among the competition showcasing the skills and earning prizes as well. I guess even if there is no prize it helps us measuring our strength.
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Gambling and Trading are two different chapters however many new forex traders take it as gambling which lead them to losing money because whatever we take into casino is theirs.
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I always stick what Warren Buffet once said: "protect your capital", so whatever you risk keep in mind that it would be something that you can afford to lose and if you risk you can make some profits out of it.
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Demo trading contests are always good since they come up for free and give you a chance to stand out of crowd by showing your skills and earn a prize too as an appreciation.
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I guess the FPA can have some actual insights of the trader regarding any broker of your choice so we can check it before finalizing any reputed broker.