In 2016 alone over 250,000 traders read over 18,500 forex broker reviews from our database and added almost 2,500 new ones. Combined with our investigations, traders court activity, and early scam alert warnings we are aware of many forex brokers that are likely to be stealing traders forex gold market watch right now. 2 world’s best trader Jarratt Davis, famous forex educator Andrew Mitchem, European professional banker Sive Morten post their exclusive market analytics.
We maintain Real Money forward tests for commercially available metatrader expert advisors, forex signals, and forex managed accounts. It’s free and it helps to expose the scams, so other traders don’t fall in their traps. Forex Peace Army Services are FREEWe make money by displaying the advertisements, but we do not endorse any advertised product or service. Please make sure to read our reviews before giving your money to any company. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
We are committed to the fair handling of reviews and posts regardless of such relations. All rights reserved under US and international law. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. As any consistently profitable trader will admit, it takes a consistent conscious effort to hit big winners in the market. The psychology of holding a tradeA simple fact of trading, is that if you want to make a lot of money, you’ve got to have the mental fortitude to hold trades for longer than you might be comfortable with.
Most traders do very well on a demo account before they go live. Think back to when you were on demo, or maybe you’re on demo right now. I’m willing to bet you’re holding trades for a few days or a few weeks even, and you’re not interfering with them very much. On a demo account, traders tend to be less-involved with their trades because they simply don’t care that much since there’s no real money on the line. The end result, is that they stick with their original trade idea most of the time. This is the main reason why people tend to do very well on a demo account.
Thus, traders often do very well on demo for the reasons just discussed, then they get all psyched up to start trading live and open a live account. Trading might be the world’s most rigorous test of one’s mental discipline and strength. In the face of a trade that’s moving against you and in negative territory, how will you react? Conversely, in the face of a trade that is up a nice profit, but has not yet hit your target, how will you react?