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Why Are You Losing Money in Forex?

When it comes to forex — Opening an account and investing your money is the easy part. The real challenge is to be in the game long enough for you to learn all the essential techniques and methods that will help you make profits consistently. In forex trading, your goal should be prepared for trading …

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source https://www.brokerchoices.com/forex/why-are-you-losing-money-in-forex/

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Are You Prepared To Open A Live Account

Traders, mostly, newbies think that they’re ready to go live after trading for a few months on a demo account. They seem confident believing that they learned all the essential basics of forex trading and can consistently make profitable trades. You probably be one of them, but are you ready? Here are five ways you …

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source https://www.brokerchoices.com/forex/are-you-prepared-to-open-a-live-account/

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3 Tips In Developing Self-Discipline in Forex Trading

Being successful in forex trading requires discipline. You need to follow specific sets of trading rules and strategies. Furthermore, you need to have clear-cut goals, and despite various adversities and market turmoil, you need to be focused at the end game at all times. We are talking about self-discipline, and it applies to forex traders …

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source https://www.brokerchoices.com/forex/3-tips-in-developing-self-discipline-in-forex-trading/

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Forex Trader or a Gambler—Which One Are You?

If you ask any typical forex trader—why they are in forex trading—you’ll probably get the same answer. Everyone is in the game because they want to make a boatload of money. That’s a pretty valid answer, but did it occur to you that it can lead to excessive greed. Eventually leading you to execute risky …

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source https://www.brokerchoices.com/forex/forex-trader-or-a-gambler-which-one-are-you/

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Losses Are Inevitable In Forex Trading—Embrace It!

Let me get this out of the way—losses are inevitable in the world of forex trading. But don’t fret—even the most experienced investors suffer losses, and sometimes they’re so huge, it will make your eyes pop out!  Take the case of legendary investor Warren Buffet, for example. In one interview, he admitted that he succumbed …

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source https://www.brokerchoices.com/forex/losses-are-inevitable-in-forex-trading-embrace-it/

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Are You Ready to Open a Live Trading Account?

Traders, mostly, newbies think that they’re ready to go live after trading for a few months on a demo account. They seem confident believing that they learned all the essential basics of forex trading and can consistently make profitable trades. You probably be one of them, but are you ready? Here are five ways you …

Are You Ready to Open a Live Trading Account? Read More »

The post Are You Ready to Open a Live Trading Account? appeared first on Broker choices.

source https://www.brokerchoices.com/forex/are-you-ready-to-open-a-live-trading-account/

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The Importance Of The 10,000-Hour Rule In Forex Trading

The 10,000-Hour Rule It was first Author Malcolm Gladwell who coined the 10,000-hour rule in his bestselling book Outliers. In the book, Gladwell called the number, 10,000 the “magic number of greatness,” which he calculated as follows: 20 hours/week times 50 weeks a year times ten years = 10,000 hours. Gladwell claims if a person …

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source https://www.brokerchoices.com/forex/the-importance-of-the-10000-hour-rule-in-forex-trading/

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5 Lessons for Trading Profitably on a Regular Basis

It’s imperative to review your trading methods and strategies regularly if you want to make a profit from forex trading consistently. You also need to integrate the latest processes and interpretations or processes into your existing trading system. However, retaining a structured approach to the market is still the best way to achieve consistent gains. …

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source https://www.brokerchoices.com/trading/5-lessons-for-trading-profitably-on-a-regular-basis/