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I constantly monitor the timing of important news releases from the economic calendar every day, which can create greater volatility and sharp price movements in the market. Therefore, at this time I do not trade, since the situation may be unforeseen and the price may suddenly and unexpectedly...

First of all, greed pushes people to engage in such trade. And greed in Forex is the main enemy of a trader and only leads to losses.

I like to trade calmer pairs. Therefore, I mainly trade EURUSD. And the spreads there are very small, which makes it possible to earn more in each transaction. But I don’t like to trade cross-pairs, which have increased volatility, they are very sharp with extensive movements in different...

I chose my broker who has been working in this market for a long time, who has low spreads or commissions, fast execution of orders and timely withdrawal of earned profits. I think these are the criteria that a reliable broker should meet to make your trading comfortable, safe and more profitable.

Martingale can help you make money only if the price moves in a narrow horizontal range or flat. But such flats are often short-lived and the price can come out of it at any moment and begin its sharp and prolonged movement in one direction, providing us with a large minus on the deposit if we...

You can also check how different indicators work in real time on a demo account. It’s no secret that many of them are redrawn and show good results only on the past history of the price movement chart. In this way, you can make sure whether you need to use such indicators in your trading in the...

I trade intraday. I developed my trading strategy for a long time; it took me more than 2 years. I had to study a lot of materials on market analysis and test a lot of other people's trading strategies. And having selected the best moments from them, I combined it all into my strategy.

It depends on what method you use to trade. If trading is carried out by scalping or intraday, then such time frames are not at all bad for searching for entry points into the market and determining intraday levels. But I always look at higher timeframes to determine the direction of the trend...

We must not forget that during any analysis or when trading using any trading strategy, there may be incorrect signals. And if you do not control the risks in transactions, then you can lose most of your trading capital because of this and then it will be quite difficult to restore your deposit.

To successfully trade Forex, you also need to be emotionally restrained. You don’t need to try to make a lot and quickly in this market at once; you need to be able to wait and trade only when there are signals from your trading strategy for this.

To obtain the necessary and correct knowledge, you need to study for a long time, study technical and fundamental analysis and create your own trading strategy. Without this, almost all trades will be chaotic and unprofitable.

I think if you don’t understand an advisor, don’t know its algorithm, how to configure and optimize it, you will only lose all your money. And no advice will help you earn money until you yourself fully know everything about this advisor and understand it well yourself.

I think that if your trading strategy produces profit on a demo account for 6 months, then you can open a real account. But it is better to first open a small real account, since a real account will also have a psychological component, which is not present when trading on a demo account. And...

Your trading career will depend on your trading strategy and ability to control your emotions. And if you learn to analyze the market, control risks and disciplinedly wait for conditions for quality trades from your strategy, you can make money here.

A good platform where you can directly trade and also get a lot of information from other traders who share it on this platform. I also liked the many non-standard indicators, as well as the many trading ideas from other practicing traders.

I agree with you. Moreover, there are trend continuation patterns or reversal patterns, which can also be used in your trading. They work well on higher timeframes.

You still need to not be overconfident and analyze your skills over a longer period of trading time. After all, a beginner can get lucky, but it doesn’t last long. But a beginner considers this luck as already acquired experience and greedily begins trading and receives losses. But if he had...

A trader also needs to control his emotions. Moreover, this control should be in place both in successful transactions and in unsuccessful ones. After all, it often happens that when a trader begins to succeed in something in trading, he is overcome by euphoria and self-confidence, which pushes...

I think that when trading you always need to control risks in order to protect your trading deposit. Therefore, it is better to trade with a small amount of leverage, which will make it possible to minimize losses in case of unsuccessful trades. Thus, it will always be possible to compensate for...

Any investment requires knowledge in order for it to generate income. It’s the same in Forex - it’s better to invest your real money when you know how to analyze the market, have your own trading strategy, and know how to control risks and your emotions. And for such training, there is a demo...