Recent content by TRADEMYSTYLE

Try Fxview, they are pure ECN brokers and their spreads remain stable during volatility as far as I've seen.

I meditate before sleeping to control my emotions.

This book is my favourite too buddy. I have started my trading career with this book only. This is the best book in trading psychology and every trader should own a copy of this book.

Well, I have started meditating recently. It makes me feel calm and relaxed.

Hello and welcome to the forum.

Welcome to the forum buddy! You can start with learning about the forex market. Read as much as possible. You can also watch YouTube videos to learn in an efficient manner.

The most annoying part is the emotion driven trading.

I have heard a lot about this book “How to make a Living Trading Foreign Exchange: A Guaranteed Income for Life.” Is it really worth reading?

Beginners should first learn to trade on demo accounts. Directly jumping to the live market can be risky for them.

Emotions play a vital role in forex trading. Getting over excited on winning a trade and becoming depressed on losing a trade both can hinder the future trades. So, it’s always preferable to stay calm in both the situations.

I feel it is the lack of in-depth knowledge which makes it hard to trade with the trend. If proper analysis is done before making a strategy, then it will also be trouble-free to trade with the trend.

Psychology plays an important role in forex trading. The traders who keep their emotions aside while trading stay in the game for a longer run. But the traders whose emotions control their trades find difficulties in making profits in the forex market.

Hey, it’s great that you know how to tackle the market during a bad time. Can you please share some wisdom for us?

The biggest difference is that the profits in spread betting are not taxable while the profits in CFD are taxable.

Hey, you are doing a great job. All the best for your journey.