Fedra Bianchi

The losing percentage is higher than the winning percentage. Most traders blame for their loss to the markets rather than their mistake. It is not for trading. Traders need to accept the loss and the mistake that occur in the loss. Never blame the market for your failure. I am also a forex trader. I maintain an electronic journal which my broker Eurotrader provides to keep record my mistake and learn from them.

Traders use support and resistance level to find the possibility of where the price will reverse or go long. Traders also use the level to set proper SL and Tp. It is important to know those levels well to trade effectively in trading. I am also a forex trader; I also learn about the level from Eurotrader free educational courses which can take all kinds of traders in the market.

Brokers often give loans to their trades to trade in the forex market is called leverage. It is double edge sword. It also exposes risk. The trader can lose their entire capital due to the leverage. However, it is not a bad thing if you manage to use it with proper risk management. Many brokers offer high leverage in their market. I recommend new traders use low leverage first. As my broker, Eurotrader also offers high leverage. But I only use 1:100 what I only need for my trading.

There are many traders who become rich by trading the forex market. Warren Buffet, George Soros, Stanley Druckenmiller, Paul Tudor Jones, Michael Marcus, and many more become rich by trading in the forex market. However, it was not an easy journey for them. They also did not become rich overnight. Their hard work and patience play a vital role in their success. Brokers also play an important role in success.

Mastering trading psychology doesn't make any money, but it helps you execute your trading plan perfectly. Traders must believe their trading plan if it gives good results or not. Don’t trade with your emotion like over trading or revenge trading. Stick with your plan. Try to learn about trading psychology in micro account. Demo traders lack emotion in trading.

Trading psychology is important in trading. Emotion is the worst enemy of a trader. In most cases, traders make mistakes because of their emotions. Traders should take a break if their feeling is overwhelmed by emotions and self-doubt. Do not trade out of greed or other emotion like fear, anger, etc. Learn how to control your emotion. I am currently taking Eurotrader educational courses where I am learning about trading psychology.

The foreign exchange or forex market is a global marketplace where national currencies are traded. Traders can trade currency to earn money in the forex market. Every new trader should learn trading first before investing money. Traders can easily learn trading online. However, I learned trading from Eurotrader educational trading course designed to help even absolute beginners learn how to trade. The course is free.

It is true that most traders lose money in forex trading even we all come to the market to earn money. Some statistics say 95% of traders lose money in trading. There are many reasons behind that. Traders often focus on making more money rather than learning. Learning is only a shortcut or way to success in trading.

It is the best time to join in forex trading. Due to COVID-19 trading activity of forex market increase. Many people are looking for earning sources online. Forex trading is the best way to earn money online. Brokers also offering more facilities to attract traders to the market. I also join the market in 2020. My broker Eurotrader offers me low spreads, high leverage, fast withdrawal process, most popular trading platform MT4, and MT5, and many more.

All traders want to make consistent profits and become successful in the market. But in reality, few are making money. Most of the traders are losing money in the market. There are a lot of reasons for that lack of knowledge, skill, proper strategy, and many more. New traders should start trading with the demo account. It is safe to practice and learn. Almost all broker including Eurotrader offers a free demo account.

The strategy is essential in trading and there are a lot of strategies in the market. Hedging is one of the most popular trading strategies in the market. Traders open BUY and SELL orders simultaneously in hedging strategy. Some traders use it as a risk management strategy. However, not all broker allows this kind of trading strategy.

Every trader wants to make money in the forex market. But few are actually making from the market. Many new traders are losing money even blow their account due to a lack of proper knowledge and risk management. So, educate yourself first, try demo trading which is a risk-free way to learn to trade. I am currently taking Eurotrader free educational courses which are suitable for all kinds of traders.

Everyone wants to earn money in the forex market. However, many traders are failing and few are making money. Many traders already choose this market as their main source of income. Trades need proper knowledge and skill to make a consistent profit from trading. So, focus on learning. I am leaning from Eurotrader free educational courses.

Leverage is a good facility provided by the broker. You can control huge money despite having little. However, leverage is a double edge sword. It also exposes risk. New traders often blow their accounts with a couple of trades due to using high leverage. Almost all broker offers high leverage in the market. My broker Eurotrader also offers high leverage. However, I use low leverage with proper risk management.

Forex is a currency exchange market in the world. It is not a scam. It is a legit market. It is the most popular market in the world. Traders can trade in the forex market to make a profit. In 2020, it become more popular due to the COVID-19 lockdown. However, there are a lot of scam brokers in the market. Traders often lose money because of a scam broker.

The broker is the only way to trade in the forex market. So, brokers charge through spreads and commission for providing their services. Not all brokers like Eurotrader don’t take a commission from traders. They earn money from spreads. Spreads is a small price to pay in order to trade. It varies from brokers to brokers, market conditions, and currency pairs.

I believe it can only be profitable for those who are new or do not have any sufficient knowledge of trading strategy. By scalping you can make profit of small margin. One needs to be day or swing trader if he is thinking of making living with trading. Even I trade with Eurotrader. I choose them because they have swap free account which is quite useful for my swing trading.

The forex market may be complex. But you have to find a smart way to make money from it. Maintain a trading journal is helpful to identify your mistake and weakness in forex trading. New traders should invest small. The broker often provides micro or cent accounts. Like Eurotrader offers micro with only $50. You can trade psychology by trading in this type of account.

Broker provides fund security of trade. The regulation provides maximum security in the trading. That’s why traders prefer regulated brokers in trading. There are a lot of scam brokers. Most of the time, unregulated broker involves in this kind of activity. That’s why I am trading a regulated and licensed broker.

Economic Calendar is an important fundamental aspect of trading. It shows the world event, new release, and other factors that can affect the price of a currency. During that time, the market becomes volatile and spreads become wider. It is wise to avoid this kind of situation, especially for new traders.

Forex trading is a mind game. Traders need sound mid to make a clear decision and follow their trading plan perfectly. So, it is wise to take a break from trading if you feel stress or depress. Mediation can help you to refresh and clear your mind. In my case, I rather take or review Eurotrader educational resources to refresh my knowledge.

Forex trading can be hard if you don’t know what you are doing or supposed to do. Sometime emotion drives or misleads you from your proper trading plan like over trading or revenge trading. So, don’t trade base on your emotion, trade with a proper plan and strategy. Maintaining a trading journal is also helpful as my broker Eurotrader offers an Electronic trading journal to keep a record of my trades.

Only those who truly desire and work hard for it will become successful in the forex market. It is hard to survive in the market. Many already fail and quit the market. But those who stay in the market and learned the way of trading, in the long run, they can make consistent profit from trading. That’s why I am learning trading free educational resources.

Loss is unavoidable. It is common and all traders must accept the fact. However, traders can leverage their trading mistakes and loss. So, in some sense, it is a good thing. Keeping or maintain a journal is the best way to find your mistake from your loss traders. As for me, always maintain a trading journal in my 3 years of a trading career. My broker Eurotrader monthly statement also me to keep this journal.

Emotion is one of the big obstructs for forex traders. However, it is hard to control because it is human nature. The trader should try to control their all kind of negative emotion like fear, greed to make a perfect trading decision. Traders often make mistakes and lose money due to fear of loss. Making a small investment can make to control your fear. As Eurotrader offers a $50 initial deposit account.