According to many researches, traders that trade with good risk management have way higher chances of sustaining their capital as compared to those that don’t trade with good risk management.
Now, one very common risk management tip or trick that is always said is that traders should never risk more than 1% to 3% on any given trade. But, what’s the logic behind this? Or is there even logic behind it in the first place?
You will have come across so many traders these days that are getting funded by these prop funds that have popped up.
I too have been coming across many videos and articles on this and it was about time that I wrote about it and cleared some air around it too.
There are robots these days that can do literally everything and you know what? People have made bots that can trade completely on their own.
But wait, trading is becoming automated too? Bots are going to replace traders? Is this the doom? Don’t worry, your job as a trader is safe, but it could get easier, thanks to trading bots.
There are lots of things that you will hear traders saying about the financial markets and about trading too.
But you know what, there are also many important things that aren’t going to be spoken about much by people in this space.
Why don’t they speak about it or why aren’t you told all those stuff?
A lot of people ask me this question, “why did you get into trading when 90% of traders fail?”, “is trading worth it for me?” etc.
Well, in this blog post, I’m going to talk about this in much detail. I would suggest you stick around till the end, as I’ll be talking about three key points that make trading worth it all.
There are some gurus that will shorten your learning curve by half and make you a good trader, while there are also some gurus that will only sell you courses that add no value.
It becomes very important for you to sign up with a good or a real guru or else you are just going to be wasting your time, energy, and money.
There are mainly two types of traders, those that trade with some pre defined and specific rules and the others that trade on the basis of their discretion.
Now, beginners may face difficulty in deciding what type of trader should they become or what type of trading style should they take on.
No two traders would be the same. One trader would trade risky while the other trader would be more of a risk averse type trader.
These are things that depend on the trader’s own personality, and the sooner you identify this for yourself, the better and smoother your trading journey becomes.
Trading is such a lucrative business, if it’s done right, and everyone just wants to go all in with it and achieve financial freedom for themselves.
But, not all start out on their trading journey doing this full time and along the way, the thought of becoming a full time trader does come around.
I’m sure you’ve got into this business of trading with some goal in mind. It would either be for the money or the freedom it brings or something else.
But do you know that getting started is work just half done and you need to stay on the right path to reach the end goal i.e. becoming a successful trader?
There’s a saying that trading is the easiest way to earn difficult money and because of this, there are many myths about being a trader.
Many people think that being a trader is easy and that traders live a very comfortable life but is that really so?
ROI is more of a finance and business thing and since trading is just like a business, it applies to trading as well.
You might come across mentioning ROI and has it left you wondering what exactly is it? If yes, then you’ve come to the right place.
There’s information everywhere and especially on YouTube where you’ll find videos on literally every topic under the sun.
There are hundreds of channels on YouTube that have uploading thousands of videos on trading, so, are they any good and should you learn trading through them? Let’s find out.
Everyone says that trading should be done with an edge. But what exactly is this edge and how to know if we have that edge or not?
This is where the thing of trading expectancy comes in. It is an important trading metric that can literally tell you if your strategy or system is good or not and whether you have an edge.
It’s not about how often you are right or wrong, but it’s about how much you make when you’re right and how much you lose when you’re wrong - George Soros.
I understand that everyone wants to win more, but in trading, the win rate is not everything and no trader should be judged just on the basis of how much they win.
Traders that are just starting out on their trading journey just focus on finding a strategy that fetches them decent returns and they start trading live right away.
But is that it? Is trading all about finding the right strategy and jumping into the market straight away? Not really.
Herd following may not be the best thing to do generally but in trading, if you know what the herd is thinking and where they are headed, then you know something very valuable.
When I say herd, I am referring to the market participants and if you know what the majority of the people in the market are thinking then you can capitalize on this by staying on the right side.
Many traders say that the big players in the market know exactly where we place our stop losses and they intentionally move the price that causes our stop losses to get triggered and kicks us out of the trade.
Is our stop loss actually in danger and that our brokers and the market is conspiring against us? Or is there another side to this? Read this blog post for answers.
Recently, order flow trading and order block trading strategies have become a buzz. Every trader wants to learn about this so-called secret strategy.
Traders claim that if you manage to track order blocks and take trades based on them then it is very profitable. Is this true? Let’s find out.
In this blog post, I am going to discuss everything you need to know
Have you tried your hand out in trading but have failed to be consistently profitable? Have your losses eaten up into your profits and you are unable to build up your trading capital?
I have been trading the currencies for quite some time now and I started out as a beginner too at one point in time and I made the same mistakes every beginner makes.
With experience, I learned some things the hard way, that transformed my trading results
If you use the MetaTrader platform or any other trading platform then you will have come across Depth of Market, Market Depth, or Order book. These are the same with different names.
Have you ever wondered what exactly the Depth of Market is and how to exactly use it? If yes, then this blog post will answer all your questions.
On observing the price movement of currencies, one can observe that when the trend is upwards, the price movement seems like an ascending staircase, while in a downtrend, the price movement of the currency looks like a descending staircase. But what does all this mean?
Did you know that if you manage to properly mark the swing highs and lows that the price makes, you can get sniper entries and capitalize big? Read this blog post to know more.
Correlations are not talked about much in the forex space but it carries immense importance.
It is something that can significantly reduce the risks that the trader is exposed to in the market but can also significantly increase it.
In this blog post, I will discuss everything you need to know about correlations in the forex markets
There has been a surge in CFD trading in recent times due to the increase in volatility. Individuals are flocking to participate in this market and earn a profit.
But what exactly is a CFD? How does it work and how can you get involved in this market? You will find all answers in this blog post.
The attention that the forex market gets is immense. Traders from all around the world seek to trade the currencies on the forex market.
I have got questions from people in India about trading forex in India, is forex trading legal in India, and how to start forex trading in India.
Forex trading in India is in some sort of a grey area, this leads to lots of questions arising in minds of individuals. In this blog post, you will find all answers.
Beginners, as well as amateurs, often come across two styles of trading which are day trading and swing trading.
The lack of experience in this business makes it difficult for them to choose which trading style to pursue.
In this blog post, I will discuss everything you need to know about..
Traders are often seen to be focusing on news releases. They look up to these news releases as valuable information that can provide them trade opportunities.
Different traders might trade different news, some may even have specific strategies for each news release.
Deciding on which news to trade on is a topic for another day. In this blog post, I will discuss the top 5 places
The pandemic has taken away the jobs of many individuals. Millions of people have lost their source of income and have started looking for alternative sources of income to keep food on the table.
Copy trading is one such alternative source of income. But what is it exactly? Read this blog post to find out.
The current times that we live in have made it very important for individuals to have multiple sources of income.
And due to this reason, many have taken up the mammoth task of trading forex while working their full-time jobs.
In this blog post, you will get everything you need to start trading forex part time, right from the education part to the actual trading part.
Forex or stocks? It is a question that every trader just starting out facing a hard time figuring out.
Which is the best one to trade? Which will fetch you more profits? Let’s find out in this blog post.
In this blog post, I will introduce you to forex and stocks