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Recently I switched to day trading, it has been working so far, though I have had loses every now and the. But it has been good too, on the long run I realized that all you need as a day trader is a...

To put things in perspective, following the few simple steps below can help;
Decide how much you want to risk per trade.
Don't over-trade the market.
Cut your losses short and let your profits...

Traders these days have chosen to quit managing a trading journal, mainly as all financial service provides real-time records for customers. The major problem with these records is that they do not...

The Foreign exchange industry is filled with never-ending complexity. Besides, bear in your mind that the currency exchange market is huge. There are numerous currency pairs to trade on. It is the...

For me, if you know the market so well you can use any amount of leverage you want but if you are just starting off in the market avoid using high leverages. Because this can mean great loses for you...

We cannot overstate the importance of educating yourself on the forex market. Take the time to study currency pairs and what affects them before risking your own capital; it's an investment in time...

Risks should be expected, just as you should expect loses in the market. It's unavoidable as you continue in the market, the best we can do is react well to these loses though it's not easy, but we...

This is true, but it's same reason why we have so many brokers out there too choose from, we just need to be careful and take our time while choosing any. SO define what you want first before you...

We are happy for you, progress is all we need in the market. Improving in our trades brings this sense of calmness and joy in you.

This is where the double-edged sword comes in, as real leverage has the potential to enlarge your profits or losses by the same magnitude. The greater the amount of leverage on the capital you apply,...

This can never be overstated honestly, one can't afford to be with the wrong broker no matter how popular they are. If they don't suit your trading style nothing will work out. Most of my trading...

I have been with Forex Chief, and over time I have noticed that their max total volume across open positions (lots) for all account types and trading platforms is unlimited, which is really...

One major problem we have is being too hasty without proper knowledge on the market, just recently I sought out a friend to follow their steps closely on Crypto trades because her strategy has been...

Honestly we shouldn't really wait to fail before we learn, we have a handful of traders here with different experience, good or bad that we can learn from. But if loses do come, fine we can retrace...

Yeah, it is a good thing to choose a broker that works best for you and what you want as a trader. This is when things would work well for you and you will enjoy your trading journey. And it is also...

Though my broker has a max leverage of 1:1000, but fear of the too much risk associated with it has held me back from using it most times. I just bank on the promotions from forexchief to level up my...

The benefits of demo can never be overstated, these accounts are a good way to practice trading, navigate platform features and test strategies risk-free. So it is not just for being familiar with...

When done right and with all focus, leverage can do a lot for a trader. Most times greed and impatience is our problem, we act too hasty and never open to good reasoning. But when the opposite is the...

This is where consistency, dedication, seriousness, the will comes in. Especially when it comes to forex trade, one can't afford to be sloppy or complacent else you should look for another business...

I couldn't agree more, you can't afford to make any mistakes in choosing a broker else you might hastily rush out of the market. I went through same experience you mentioned and I lost all my funds...

I totally agree, plus you have to be dedicated and have faith in a strategy that has been working for you. But if there is need to upgrade, re-plan and change strategy, then be ready to be flexible.

Obviously I have come to one of the best forums to learn from others and gain more experience. Call me Nich and feel free to give your recommendations anytime.