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Controlling greed, fear, and anger is extremely important while trading in the forex market. Greed can make traders overtrade and take unnecessary risks. Fear can make traders feel compelled to liquidate all their trading funds and not open new positions, which can make them miss the real...

Firstly, traders need to choose their trading style and strategy. In order to build some confidence and experience, they need to test it on the demo accounts. Setting a proper risk/reward ratio and realistic profit targets is equally important to have winning trades. Also, traders need to avoid...

Fear and greed are biggest enemies of successful trading journey. You must keep these emotions aside while trading forex.

You are absolutely right buddy! Half of the battle is won in the mind.

Over trading is my biggest weakness.

I analyze my bad trades and learn from them so that I do not commit the same mistake again in my future trades.

You are absolutely right buddy! What do you do to get rid of your emotions?

The biggest common mistake is thinking of the forex market as a get-rich-quick scheme. But you must understand that this market is not a gamblers’ place. Proper knowledge, strategy and sound risk management schemes are required to earn consistent profits.

I am not addicted to forex trading as I also have my 9-5 job to handle. I trade on a part-time basis.

Scalping helps in gaining small profits each day but it is very difficult to predict the market on a minute-to-minute basis. So, it's always recommended that newbies should avoid scalping.

My favorite pair is USD/JPY.

Leverage is important as it helps gain profits in the forex market. But it should be used only by those who can handle it well because it is a double edged sword.

Demo trading is not dull at all. In fact, it helps generate more interest in forex trading. It helps beginners learn how to trade on a trading platform. Backtesting of strategies is also done on a demo account.