Benstride blog, the main goal of this site is to provide quality tips, tricks, hacks, and other forex resources that allow forex beginners to improve their site trading. I will be focussing on all forex related issues . These articles will be general views and based on my experience and research on what traders should do to emerge successful in trading.
I recently watched a documentary about Bill Gates on Netflix and the thing that stuck with me the most from it was that he didn’t become one of the wealthiest people in the world through luck or inheriting huge sums of money. He literally reads like 8 books while traveling, he can read 150 pages …
Here’s My Daily Trading Routine That I Use Everyday Read More »
Let’s be honest, trading can get discouraging at times. Even professional traders have losing months sometimes, so don’t be too hard on yourself. I think it’s good to remind ourselves sometimes just why it is we do this. A little positivity and fresh focus on the reasons we all got interested in trading can be …
It is said that the failure rate in the forex industry is very high, with more than 90% of traders quitting out of the game within their first year of trading. Most of the traders in most cases are no aware of the common reasons why Forex traders fail to be able to prevent the same from …
How much should you risk per trade? This is probably one of the frequently asked questions by forex newbies. Well, the answer is to try to limit your risk to 2% per trade. But that might even be a little high. Especially if you’re newbie forex trader. Here is an important illustration that will show you …
Never Risk More Than 2% Per Trade in Forex Trading Read More »
The forex signals industry has evolved since the early 2000s. This happened when retail forex started to get popular among individual traders. There are still quite a few forex signals providers now who provide many different types of signals. There are firms that offer long-term forex signals which are trade recommendations. These target hundreds and thousands of pips. …
Do you want to become a successful trader? Well, you are going to look at how to avoid the 12 trading mistakes that are common and traders often fall victim to. You’re going to make mistakes as you learn to trade, but the traders who actually start making money are the ones who LEARN from …
12 Trading Mistakes You Must Avoid to Become a Great Trader Read More »
In all my years of trading and talking to fellow currency traders, I have noticed that newbie traders are susceptible to five main psychological pitfalls. I have decided to highlight this 5 trading psychology pitfalls so that you don’t get caught in the same mess as other traders who have been caught in the same. …
5 Trading Psychology Pitfalls that Can Blow Your Forex Account Read More »
Latency Arbitrage is a very clever automated Forex trading strategy that uses a basic yet highly effective principle to exploit the market and make a profit. It works on the premise that for a tiny fraction of time, there are discrepancies in the price offered by two different brokers. The strategy assumes that the trader …
The key to becoming a successful forex trader is developing a sound Forex trading plan and using it on a daily basis. One must remember that a trading strategy that may be working well for one person might not do the same for you. This is because everybody has a different style of thinking, risk …
Forex trading signals are, essentially, trade ideas indicating the market trends in real time. Trading signals are used by novice and professional traders alike. Most forex signals include the position type (buy or sell) as well as the take profit and stop loss levels. Forex trading signals systems are used by forex traders all over the world to aid them …