Recent content by Bumpkin

Trading without proper education is meaningless. Neither you will make money nor you will learn something. If you want to be a successful trader, come with proper education. The Forex market is the most volatile market in this world. If you don’t have any knowledge, your chances of failing in...

Demo is a great tool for beginners to form and test their trading strategies or trading systems. You should trade in demo mode until you are consistently profitable. There is no exact time limit. Everyone learns at a different rate and certain strategies take longer to grasp than others. In my...

Learning about forex definitely helps in reducing loss in forex trading. You should also have knowledge about making proper and calculated trading plans, and implying risk management strategies.

I agree. Demo trading prepares you for live trading. Although it shouldn’t be followed for a long time. Once you feel prepared enough, start trading live by small amounts.

I think being a part time trader is ideal for a beginner. Since they are new to the world of forex trading, it is better to have a full time job to support them while they learn. It takes the pressure of earning profits off their shoulders and they will be able to fully focus on learning. It...

Traders fail because they don’t try to bounce back after experiencing a setback. Mistakes are a part of the learning process and failures are a stepping stone to success. The same applies to forex trading as well. You are bound to encounter losses as a beginner. But you must be determined to...

Financial risks and stress are common among forex traders. But when they have decided that they want to become forex traders, they nodded to the risks and stress that come along. There is no escape and you have to be prepared for them to become profitable over time.

Absolutely! There are risks involved in all that you do in the forex market. You are supposed to use your money to trade and there is no guarantee whether you will be able to get your money back or not. If that’s not risky, then I don’t know what is.

If you look at trading as a shortcut to mint money, you will lose. The mindset through which you approach the conditions in the market, will portray your future gains.

Fx is not an easy source to earn money. There is a lot of work that goes into it to receive rewards. It can be only if traders understand the importance of a trading plan and find means to minimise risk.

That’s why I suggest not jumping in forex without learning the skill of trading. Here, we lack the skill to trade forex.

There are many reasons why people keep searching for new forex strategies. First of all, the forex market is always changing and evolving, so what worked yesterday might not work today. Secondly, they are not confident about their trading strategy so they keep on changing it.

Demo practice can help traders become more informed and experienced. Since then, traders have been able to study markets, attempt to comprehend market characteristics, and test numerous tactics in order to identify the best and most appropriate strategy for dealing with market complexity.

We should be cautious and not rush into trading; forex is not an easy method to make quick money in a short period of time, but it is a highly dangerous profession, and traders who are constantly careless in trading are likely to lose frequently.

Discipline is a must to get success in any profession. Forex trading is a highly rewarding profession for those who have relevant skills and knowledge. A successful forex trader will be a disciplined trader too. That means you need to develop discipline in order to become a successful forex...