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Absolutely, leverage ranging between 1:10 to 1:50 would be good for new traders. I am happy with 30:1 that I’m using with fxview. Playing safe!

MT is undoubtedly the most popular platform for trading and the traders prove it. MT5 and other platforms are also there but people tend to like the simplicity of MT4, hence the preference.

Earning from forex trading is certainly possible but it involves a lot of risk. So, it is to be kept in mind that earning from forex is not easy, it comes with practice, understanding of the market, and experience. I have a few of my friends who have quit their job and taken up forex trading as...

If you are a complete newbie in trading, it would be ideal to start with a demo account where no cash involvement is present, hence zero risk. On the other hand, if you have begun trading, you could try a micro account where you can go for real trading but with less money, hence the name micro...

I would not recommend leverage for newcomers in trading. It has been observed that most beginners tend to lose during their first trading activity so leverage can be a risky affair. Even if it is used, very low leverage trading is recommended.

Controlling one’s greed while trading is one of the most crucial steps towards success. There are several instances where greed has resulted in a huge loss in the field of forex trading. Being disciplined in trading is of utmost importance in addition to creating plans and strategies.

@ Svelana Loboda I agree with you. I believe leverage can be a risky approach for the newbies in the field of trading. But I personally know a few beginners who have made a good profit using leverage. Still I do not recommend it for amateurs.

@Randaill You are correct. I believe success cannot be achieved with random trading, you need to be disciplined and stick to a proper trading plan. Of course, patience is the key.

Good technical analysis of the currency pairs. I hope the analysis comes handy for the ones investing in any of these.

Being regulated is just one of the many things that make a broker worth risking your money. Do look for other things also like spreads, commissions, and trading platforms.

I do believe in the importance of time management in forex trading. If you dedicate a particular period of time to trading and trade strictly during that time, there is nothing that can stop you from achieving your goals.

I don’t find binary options as a great way of making an investment. But I don’t mind getting some extra knowledge on the topic.

Anyone can make profits once or twice in the forex market. But a successful trader is the one who can make consistent profits throughout their trading journey.

Forex trading is lucrative but as the market can’t always be in your favor, it can be very risky. You have to learn, practice, and lose several times before you make any money.