Recent content by ackleselden

You might have difficulty initially in adjusting with the market. But as you'll update and then trade you'll find it is easy.

Imo, It is important to analyse the process everyday and overall process in a month then per year.

A person should become a money manager before becoming a trader.

If a trader is well versed with trading, News trading can be highly Profitable. But I'd not suggest News trading for beginners but the market can become highly volatile and influence the emotions while trading which results in making wrong trading decisions.

Hey! Welcome to the forum. Hope you are learning and growing here. All the best for your trading journey.

There are some losses that can't be avoided like slippage which is really unpredictable and brings difference in ask and bid prices.

True! Scalping is indeed a profitable strategy, but also a risky one. I would not suggest it to the beginners.

There are countless cryptocurrencies in the market. Which one is the best to invest in, out of all, is hard to tell. You can consider cryptocurrencies that have been performing well for over the years. You can consider cryptocurrencies such as Bitcoin, Etehrum, cardano, and solana for...

There is a fee called "swap fee'' in trading which is against people with religious beliefs. It also makes trading haram. But it is not something to worry about. If you're muslim, you can trade with special accounts known as Islaminc accounts.

For me, it is GBP/USD. But that doesn't mean it would work for you as well. We all trade with different strategies and mindset. Try to test a few pairs to figure out which would be a good pair for you. Have at least 3-4 pairs in your portfolio.

The time varies, and it depends on the trader. Usually, it takes at least 1 year to see some good results. All traders should do at least 6 months of demo trading before moving on to live trading to see better results since you become a good trader with practice only.

Discipline develops with time and practise. keep on practising and strategizing. Have a journal to note down your goals and try to achieve them every day. This could take a while. But with consistency, you will become more focused and stick to your plans.

Hi, I am new to the forum. I'm really excited to be a part of this community. Looking forward to learning from your experiences :)

Just curious to know why you want to do that! Speeding up your practice would make you overlook some lessons and you may not even learn properly. It's the unsaid truth that learning to trade takes time and if you want to get good at it, you must give it enough time.

A demo account would help you a lot in building your trading strategy. Once you are through your basic learning, apply different strategies on the demo account. You may also change the variables to see what works for you. A strategy should not be anything beyond your understanding.