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It's not about how many years we are trading. It's about how quick we learn from our mistakes. Even after trading for long times most traders are not discipline. They can't control their emotions. Most of the time they open trade out of greed or fear.

Most amateur traders take revenge trading to recover the loss. But the majority of time revenge brings misfortune for them. Trade should be opened only if it supports your strategy.

In currency trading, with a small deposit you may begin trading. Leverage gives the trader the capability to exchange with little balance. Once you start to make regular profit, you can deposit big amount.

Most traders don't give emphasis on learning. They are so much obsessed with the thought of making quick money that they overlap the learning part.

I prefer mt4 for my trading. I have tried other platforms but in mt4 I feel comfortable. If you understand and feel comfortable in mt5 you can use it.

Actually, I do believe that, when you recognize or admit your weakness, then you will be a better trader. In my trading life I was not able to make profit regularly because of lacking trading skill and it’s my foremost weakness.

News trading is nothing but gambling. Out of assumptions many traders specially new traders open trade during major major news event. Many people blow their account this time.

Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.

Timing is very important for a good entry and exit for trading. If you can make a right entry at right time it will definitely give you good profit. The opposite is also true. Closing a trade at right time is also important. If your timing is wrong you will end up losing your money.

Following signals is not a ideal option as a newbie. It's the time of learning. Forex trading requires specific knowledge and skills. Even to follow someone you need good knowledge about trading. Be skilled if you want to make money with forex.

I think every successful trader has his own way of making money. It's unique. Problem arises when we try to copy others. Or try to impose my strategy on others. Trading is a psychological game. Everyone has his own type of understanding and thinking. That's why 90% traders are loser.

There is a misperception that for success in forex you need big capital. But only big capital can't save you. Big capital is good when you are skilled enough. Otherwise No matter how big your capital is you would lose all the money. So in learning phase, low capital is the best option.

Leverage is very important for online trading. Without leverage traders like us won't be able to be trade. To open a .01 lot trade, one needs 1000$. Everyday a currency pair moves in a fraction in decimal. Without leverage good profit is not possible.

Unnecessary trade is a very common problem for newbies. Actually you do it out of confusion. You don't have trust on your strategy and yourself. You should have clear idea about your risk reward ratio and winning ratio. You lack confidence. It comes from not knowing what you are doing. Practice...

Most amateur traders jump to open big lot size as it brings immense profit. But a big lot size can transform into a bad dream. You can get a margin call. Don't risk more than 2% of your capital.

Partial profit talking is good if you are a long term trader and have a big profit target. Then you can take a partial profit of your trade. But if you are a short term trader and profit target is maximum 40 to 50 pips or so, taking partial profit is not a good idea. You should rather develop...

The people who gives screenshot are mostly fake. Do not trust them. This tendency is very severe in forex industry. You won't find this in other industry. Have you ever seen any businessman showing his profit publicly. No one does this. Matured traders never to do this. People who shows their...

There is no such specific time. The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced...

Professional traders are skilled traders. There is only one secret– make yourself skilled. If you want to be a professional trader, you have to do it your own by gaining knowledge and skills. By following other's trade strategies you won't be able to learn the art of trading. Invest in learning...

Very few people follow this basic rules. All are restless here. They are just running after. Even they don't know what they are looking for. They want it ready made. Unwilling to experiments as it takes time. They want it quick. They focus more on making money instead of developing skills.