MyforexPips 
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
Many new traders often ask, ‘What is Leverage in Forex and How Does It Work?’ Leverage in forex is one of the most exciting but also dangerous parts of trading. In simple words, leverage allows you to control bigger trades with a smaller amount of money by borrowing from your broke. For example, if you … Read more
A few years ago, when I started forex trading, I was overwhelmed by one thing—strategies. Everyone I met online had “the best forex strategy” that would supposedly make me rich overnight. I tried scalping, swing trading, trend following—you name it. Most times, I blew my account, not because the strategy was bad, but because I … Read more
If you’re looking for how to use MT5 for forex trading, this step-by-step guide will walk you from download to live trades, show the features I depend on, and give practical examples (including position-sizing math). I’ll also share the mistakes I made so you can skip them. Key takeaways MT5 is MetaQuotes’ multi-asset trading platform … Read more
When I first stumbled upon TradingView, I didn’t realize how much it would transform the way I analyze the forex market. In my early days, I relied heavily MT4 and MT5 — they worked, but they felt limited. I couldn’t easily back-test ideas, customize indicators, or track multiple pairs the way I wanted. It was … Read more