Search found 18 matches

by Akhil
Fri Jun 05, 2020 2:43 am
Forum: Forex
Topic: Observe your performance to succeed !
Replies: 1
Views: 3771

Re: Observe your performance to succeed !

I find keeping a trading journal to be very helpful in tracking your performance record and tracing your strategy across time. It provides a good perspective on what has worked for you in the past.
by Akhil
Sun May 17, 2020 12:49 am
Forum: Brokers & Trading Platforms
Topic: Professional Brokers are the best choice!
Replies: 1
Views: 6170

Re: Professional Brokers are the best choice!

Much of trading success can be attributed to a good broker. A reliable broker will handhold you when it comes to trading on the other hand there are so many scam brokers in the market. Therefore, check for regulation while choosing a broker.
by Akhil
Fri May 15, 2020 10:34 pm
Forum: Forex
Topic: Calculated decisions necessary in Trading!
Replies: 1
Views: 3960

Re: Calculated decisions necessary in Trading!

Enter or exit the trades without a lot of self-criticism so as to maintain your focus on positive outcome. Even in the face of risk or loss or failure, we must always remain positive and “expect a positive outcome”.
by Akhil
Fri May 15, 2020 5:40 pm
Forum: Forex
Topic: Do Not make an unrealistic plan!
Replies: 1
Views: 6543

Re: Do Not make an unrealistic plan!

It's important to be realistic in trading. There is no perfect method that consistently produces profits. However, if you learn to differentiate between accurate and inaccurate/misleading information, you can spend most of your time time focusing on information that will make you a more efficient an...
by Akhil
Fri May 15, 2020 5:30 pm
Forum: Forex
Topic: Automated Trading System!
Replies: 1
Views: 3841

Re: Automated Trading System!

Automated trading follows strict parameters. It removes emotional aspect from trading which makes traders open positions that they should not in the first place. Automated trading can be made to enter and exit trades automatically.
by Akhil
Fri May 15, 2020 5:21 pm
Forum: Forex
Topic: Strategies according to your skills!
Replies: 1
Views: 6610

Re: Strategies according to your skills!

There is no universal trade strategy. Strategy that may help you now may not be successful in future under a different trade setting. If you want to make consistent profits then you first need to understand how the markets functions and develop your skill.
by Akhil
Thu May 14, 2020 11:38 pm
Forum: Forex
Topic: Don't Be Weary about a loss!
Replies: 1
Views: 4170

Re: Don't Be Weary about a loss!

In order to become a successful trader you need to learn to become a good loser. Learn your lesson from losses. Focus on how you lost money more than how much you have lost. Once you have reached a point where you believe you can recover from an average loss you're one level above most of the retail...
by Akhil
Wed May 13, 2020 9:00 pm
Forum: Forex
Topic: Positivity counts at Forex!
Replies: 1
Views: 3883

Re: Positivity counts at Forex!

Psychology plays an important role in success in markets. A positive outlook can be the difference between failure and success. Trading involves prediction based on calculations. You cannot be right all the time as no one can predict the future and the market is constantly changing. Once you come to...
by Akhil
Tue May 12, 2020 11:19 pm
Forum: Forex
Topic: Risk supervision tools are very necessary!
Replies: 1
Views: 3952

Re: Risk supervision tools are very necessary!

Successful traders associate their gains to proper risk management. You may have struck huge wins but if you're unable to make consistent profits then you are no different from a gambler. A few important aspects of risk management include stop loss placement, position sizing, reward-to-risk ratios, ...
by Akhil
Tue May 12, 2020 10:50 pm
Forum: Forex
Topic: Plan your move intelligently!
Replies: 1
Views: 7136

Re: Plan your move intelligently!

A trading plan helps you analyse the market. It can prevent you from making hasty, irrational and irreversible decisions. Planning will also stop you from making mistakes and help you evaluate yours gain and loss.