Recent content by pathsofglory

I must admit my secret is out. I’m really like my favourite paste type: Farfalle.

When you say the best leverage, how much are you exactly looking for because I know some brokers like fxglory offer upto 3000X but I don’t think it is safe to use unless you are very well experienced or have exceptional trading skills.I The broker I am using is finprotrading and they offer 500X...

The 1% or 2% rule is a standard that should be followed by traders most of the time. It is so often recommended because by limiting your loss to 1 or 2% you are increasing the chances of surviving the market for longer. However, if you are very sure about a trade you can also risk more. It just...

Trading with a full time job is definitely possible, I have been doing it myself. However, I feel that to be a profitable part time trader, you should focus on the quality of the trades. To pick good trades don’t just rely on technical analysis but always study the fundamentals properly.

Absolutely relatable. It’s the story of every week. I regret not closing my trades on Friday itself.

I party only when I've made a huge profit. I think it’s important to appreciate and treat yourself after a win. Sometimes I buy something for myself and other times I invest my money back into the account for trading.

Most of the people who I know think of me as a gambler or someone who earns money by doing absolutely nothing unless I knock sense into them. And tell them what trading is actually and then they start doubting whether I even make money.

I believe in quality over quantity. There’s no use of taking 10 trades in a day when 8 of them are unsuccessful. The lower the number of trades, the better you can focus.

I won’t call myself a very good trader or something. On some days I make good profits but then there are bad days when I struggle to minimise my loss to whatever extent I can. Nevertheless I’m satisfied with my earnings and looking for ways to improve myself. I know it will take time and I’m not...

If he wants to protect his remaining bitcoins then it’s good to store them in a cold wallet and just forget about it. However, to make those bitcoins generate profits for him, he should consider trading them. Sell when Bitcoin is at its peak and buy again when it’s at the lowest price. The...

I think more than time, what matters is the sincerity with which you approach forex trading. You can spend 15-18 hours a day and still get nothing out of it. On the other hand, with the right method even part-time traders can earn more than full time traders. To make your time and practice worth...

It may be possible but it’s not easy to achieve. When traders start earning consistently for a long time they naturally become neutral and small wins or losses don't affect them much. However, if you are constantly struggling for small returns then the outcomes are a big deal.

The 1% rule helps to protect trading capital from declining significantly. Some traders see it as a way of restricting their profits but losing 1% per trade helps you withstand a streak of losses without blowing up your account.

Rayner Teo, The Boiler Room, Investopedia are my favorites. You can find almost all the forex trading related topics on these channels but for technical analysis particularly I like ClayTrader.

Before setting a stop loss, you should try to determine the market movement. A static stop loss at 30-35 pips doesn’t always work. If a market is volatile, you need to place a wide stop loss, whereas in the quiet market a narrow stop loss can work.