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  1. Recently I switched to day trading, it has been...

    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...
  2. Thread: Money Management

    by Nich
    Replies
    9
    Views
    19,358

    To put things in perspective, following the few...

    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...
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    8

    Make A Personal Trading Record

    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...
  4. Thread: Tips For Newbies

    by Nich
    Replies
    4
    Views
    35

    Tips For Newbies

    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...
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    628

    For me, if you know the market so well you can...

    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...
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    710

    We cannot overstate the importance of educating...

    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...
  7. Replies
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    6,403

    Risks should be expected, just as you should...

    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...
  8. Replies
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    3,130

    This is true, but it's same reason why we have so...

    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...
  9. Thread: Forex beginners

    by Nich
    Replies
    10
    Views
    154

    We are happy for you, progress is all we need in...

    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.
  10. Thread: Fx Tpis

    by Nich
    Replies
    9
    Views
    269

    This is where the double-edged sword comes in, as...

    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,...
  11. Replies
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    1,073

    This can never be overstated honestly, one can't...

    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...
  12. Replies
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    5,805

    I have been with Forex Chief, and over time I...

    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...
  13. Thread: Fx Tpis

    by Nich
    Replies
    9
    Views
    269

    One major problem we have is being too hasty...

    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...
  14. Thread: Forex beginners

    by Nich
    Replies
    2
    Views
    69

    Honestly we shouldn't really wait to fail before...

    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...
  15. Thread: All newbies

    by Nich
    Replies
    15
    Views
    6,337

    Yeah, it is a good thing to choose a broker that...

    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...
  16. Thread: Which Broker

    by Nich
    Replies
    28
    Views
    3,263

    Though my broker has a max leverage of 1:1000,...

    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...
  17. Replies
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    241

    The benefits of demo can never be overstated,...

    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...
  18. Thread: Fx Tpis

    by Nich
    Replies
    9
    Views
    269

    When done right and with all focus, leverage can...

    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...
  19. Thread: Forex is risky

    by Nich
    Replies
    13
    Views
    508

    This is where consistency, dedication,...

    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...
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    5,087

    I couldn't agree more, you can't afford to make...

    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...
  21. Thread: Forex beginners

    by Nich
    Replies
    21
    Views
    560

    I totally agree, plus you have to be dedicated...

    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.
  22. Thread: New Here!

    by Nich
    Replies
    7
    Views
    361

    New Here!

    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.
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