Why scalping is an awesome first step for beginners?

Scalping is fun! If you are like me, then the first thing you probably did with your first ever demo account was to scalp the hell out of it and blow the account in no time. That was my first lesson in trading, don’t fight the markets. But it sure was fun scalping for the first … Read more

Still searching for the best forex strategy?

Its time you stopped searching. Seriously, are you still not confident enough to place the next trade, according to your current strategy in place? Ok.. you’ve had a couple of losses. So what? couple of losses or even a streak of losses is not a good enough reason to dump your strategy. Furthermore strategy is not the … Read more

What Is Your Risk Tolerance?

This is a subject most traders do not pay attention to. Hence the failure rate in this business is one of the highest compared to other businesses including offline ventures. So what is your risk tolerance? If you don’t know the answer to that, perhaps you should stop trading right now and find the answer … Read more

Meta Trader 4 Manual Back Testing Methods

Meta Trader 4 is no doubt the most popular trading platform which is supported by more than 90% of the forex brokers. But MT4 too has its drawbacks. Lack of features for manual backtesting is one of them. Since back testing of strategies is as important as forward testing, we traders have two options. Make do with what … Read more

See Why Markets Favor Scalpers These Days

If you have been actively trading this past couple of months, given the type of your strategy you would have either loved or hated the dynamics of the markets. While every trader needs volatility to trade, the predictability and the smoothness of the swings have gone out of the window, for almost every major forex … Read more

10 ways to avoid losing money in forex

In order to learn how NOT to lose money trading forex, one must understand why so many traders lose money in the first place. Its like troubleshooting a software issue in your laptop. Imagine if there was something wrong in your laptop that needs immediate attention and you just did not know the problem even existed, … Read more

Supply, Demand, Price and Speculation

  Interesting thought. 99% of traders would say that price is the most important factor in trading. What if I say that direction and movement of the price is more important regardless of the current, starting or end price of the wave. Let’s put this thought into perspective. Tourism is a small portion of the … Read more

5 Things to Avoid As A Forex Trader

You may deny it, but in reality we all have’em – ‘Bad Habits,’ specially when it comes to trading forex. I have outlined below some of the main  bad-habits that I had to overcome personally, in order to improve my trading. 1. Guess Work This is the mother of them all. Its important to note … Read more