Because of the number of variables involved (like volatility), it is difficult to make a consistent profit from Forex trading. But it is possible to make good profits if one trades with a clear mind and keep emotions aside.
If you are a beginner, concentrate on just one currency pair; otherwise, you won't be able to give your best. I suggest you start with EUR/USD as it is more stable and liquid.
The seamless trading opportunities offered by the forex market making it one of the most lucrative markets is its strongest perk. The profits in the forex market depends on the trading skills and experience of the trader.
What shortcuts do we have in trading? I don’t think so there are any. I am always on the long journey but not shortcuts because I am a little scared of the after effects.
I'm so glad you asked! I have been a professional trader for the last 4 years. I am a full time trader and Forex trading has been a great way for me to make money and I absolutely love it.
I've found that it's a great way to make money while still being able to enjoy my free time. I would...
Yes! I do and I definitely love reading them! The recent one I read was The Disciplined Trader. It was so insightful and eye-opening to read the book. I’ll suggest fellow traders present over here to start reading books about forex as well, especially books that are more like autobiographies -...