I don't think that anyone thing they're the primary account killer, though they are one of the many factors in that situation. Even if you have a good, profitable strategy, if you are too scared and/or greedy to follow it as you should you'll lose ...

Emotions (money management)

If you cannot control your emotions, you cannot control your money. - Warren Buffett

Popular forex quotes

That's what I do too, sometimes. Turn everything off and go out to clear my head. I think that it is important to emphasize to newbies that they shouldn't stare at the charts all day, even if they're successful. One should sometimes just rest their ...

Emotions (money management)

That is so because these pairs usually have a high volume. However, EUR/USD at least is very range-bound more often than not and that can be difficult to trade for some newbies.

Which Pair to trade for a beginner

I think it's not so bad of an idea to use a hard stop loss even for a small position just as a precaution. Losing money always hurts, even if it's a small amount of money.

Do you use stoploss?

I wonder whether there are actually people who think they'd be 100% successful. Maybe some newbies? Getting some experience in trading usually teaches people not to believe in things like that.

What is overconfidence in Forex?

Let's hope the situation won't deteriorate to the point where those of us who have accounts in EUR will have to worry about them.

The best Pairs to Trade?

When people say that EUR/USD is the best for them I always wonder why. Personally, I find it too range-bound for my taste, but that's just me.

The best Pairs to Trade?

That certainly makes a lot of sense. Thank you for clarifying.

Emotions (money management)

I am not sure I understand the difference. In end, one loses money because they make a poor decision because they're emotionally affected, hence they lose money because of emotions?

Emotions (money management)

CySEC used to have a somewhat wobbly reputation but they’ve been working hard to change that. Recently they went as far as to send a notice to the companies they regulate to remind them not to advertise binary options and CFDs in France, which ...

CySEC bans trading bonuses, sets max default leverage to 1:50

Money are rarely secondary, especially to a trader, but I would say that they're equally important to a newbie - especially not losing them, as opposed to profiting - as gaining knowledge and experience.

Trading is hard, but I like it

I would recommend looking for a strategy that would allow you to keep long-term or medium-term positions. Otherwise you wouldn't have the time to watch over short-term ones.

New to forex Tips and Advice

Why exactly EUR/USD? True, it's the pair with the highest volume, but it's also quite volatile and often range-bound.

The best Pairs to Trade?

That and right now the EUR and GBP pairs seem to be terribly volatile because of Brexit.

The best Pairs to Trade?

Frankly, the only thing that worked in the end for me was gaining experience. The more I traded, the number I became. And even so, the truth is that I still have moments when I am not calm and cool-headed. What works for you?

Emotions (money management)

Which eight pairs exactly are you talking about? The most major currency pairs always tend to have liquidity.

The best Pairs to Trade?

If one doesn't use Stop Loss properly they could end up draining their accounts anyway, just over a longer period of time.

Trading without a stop loss!