MyforexPips 
Candlestick charts are one of the most effective ways to read the forex market. Every candle tells a story of how buyers and sellers fought during that time. As a trader with over 10 years of experience, I can confidently say that mastering candlestick patterns is one of the fastest ways to improve your trading … Read more
One of the most common reasons traders blow their accounts is poor risk management. Many traders focus on signals, indicators, or win rates, but the truth is simple: if your risk-to-reward strategy is weak, you will eventually blow your account. Learn the Secret of Forex Trading, Click here to download a free e-book now The Risk-to-Reward Strategy … Read more
Scalping is one of the fastest ways to trade forex. It’s all about catching small price moves and stacking them into profit. But for new traders, it can feel overwhelming—too fast, too risky, and too technical. That’s why I want to share 6 scalping strategies that actually work for beginners. These are simple, easy-to-follow, and … Read more
When I first started trading, I thought success was all about finding the perfect strategy or the best indicator. But over time, I realized the real game-changer wasn’t the chart setup—it was my mindset. The way I thought about trading shaped the way I acted, and the way I acted shaped my results. Making small … Read more
In trading, the biggest enemy isn’t always the market — it’s your emotions. Fear can keep you from taking good trades, while greed can push you into risky ones. The ability to control these emotions is what separates consistent traders from those who keep blowing accounts. That’s why in this guide, I’m sharing some simple … Read more
When it comes to trading with a small account, two markets often stand out: Forex and Synthetic Indices. Both provide unique opportunities to grow capital, but they differ in structure, volatility, and accessibility. Forex has been around for decades as the world’s largest and most liquid financial market. Synthetic indices, on the other hand, are … Read more
Every trader, no matter how skilled, will face drawdown. The real question is: how do you manage it without losing your account or your mind? In this article, I’ll share what drawdown is, why it happens, and practical steps on how to manage drawdown in forex. Key Summary Drawdown is normal — every trader faces … Read more
When I started trading, I used to chase hundreds of pips every day. Most times, I ended up overtrading and blowing my account. But as I grew in trading, I discovered something that changed my approach forever: you don’t need 100 pips a day to succeed. You only need 20 Pips a Day. That’s how … Read more
If you’ve ever placed a trade and realized it opened at a different price than the one you clicked, you’ve experienced slippage. For many new traders, it feels unfair or even like a “broker trick,” but the truth is slippage is a normal part of forex trading. In this article, I’ll break down what slippage … Read more
If you’ve ever placed a trade in forex, you’ve already paid the spread — whether you knew it or not. Many beginners ignore spreads, but they are one of the most important costs in forex trading. In this guide, I’ll explain what spread in forex means, why it matters, the different types of spreads, and … Read more