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    Is forex like a gambling game?

    It is up to the traders what they make out of it. If you trade without a trading plan and expect your luck to work out for you, you are a gambler. But when you study well and don’t let any distractions make you move from your trading plan, you are a serious trader who is bound to win.
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    Why people keep searching strategy?

    Without a strategy, you will be a lost kid in the supermarket who would want to take every trading opportunity to make money. A strategy helps you in deciding when you should enter the market and when to exit. You also know what indicators to use and how much amount to put at risk.
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    Forex is stressful

    You automatically become stressed when you have to find ways to make profits and save your money from losing at the same time. Honestly, it would be hard to remove trading stress. But to make it easier on you, consider taking breaks between your trades so that this stress doesn’t ruin your...
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    how to avoid the losse in forex??

    No matter how hard you try, there’s no way you can avoid losses completely. While you will constantly be struggling to make profits, you will always face a loss. This is the harsh reality of the market and that’s how it works. So, along with preparing for profits, prepare for accepting losses as...
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    What's Candle in Forex trading?

    Right! Candles are very helpful patterns on the forex chartings used for conducting technical analysis so as to speculate the market.
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    Will an impatient trader become successful?

    Patience is very important in forex trading. It helps traders to stay calm and understand the condition of the market and seek for the right opportunities for making trades.
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    Is demo trading valuable?

    Pros of demo trading 1) It enables you to observe how price action develops and understand the dangers associated with leverage. 2) You can test and create your own trading strategies. 3) You get acquainted with the trading platform, which is important to know the trading conditions. Cons of...
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    Choosing a Right Forex broker

    I believe that if a broker is reliable then it speaks through the customer's experiences. I referred to fpa for knowing about my current broker coinexx, best to read reviews on credible forums.
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    Very few people follow this basic

    Most of them don’t follow the basics because they are desperate to make money. They fail to acknowledge the hard work and think that trading is a smooth ride to overnight success. But good traders know the difference: only your knowledge will make you profitable. Nothing else!
  10. S

    Do you like Demo trading ?

    Demo trading is reliable because you can always backtest your strategies and make them better. It is true, while in the early days of trading, beginners might find demo trading boring. That’s because you don’t make any money. However, it is very important that they practise. Live trading can be...
  11. S

    Single pair can be good

    It is good to start with trading a single pair and learn everything about that pair. I recommend you to trade EUR/USD first as it is more stable and offers high liquidity and tight spreads.
  12. S

    How to learn Forex ?

    Every trader has a different learning style and fortunately when it comes to forex trading, there are plenty of different sources that cater to the needs of every trader. You can find trading books, websites, youtube videos, online courses and most importantly you can practice all the knowledge...
  13. S

    Scalping is risky ?

    Yes, Scalping is risky but a good risk management strategy makes it profitable.
  14. S

    What is a successful trade

    @GlennPhillip That is right. Only 2% of traders have this attitude. But every trader who wants to be successful should have it.
  15. S

    ECN or STP ?

    I personally prefer ecn execution, been using ecn account on coinexx for about 2 years now, spreads are the lowest and the orders are executed instantly.
  16. S

    How long one should use demo?

    Demo is a very useful tool. There is no limit to its use. A beginner should definitely use it for practising before starting real trading. Even if you have become an expert you would not feel good about losing any money. So, whenever there is something new that you would like to learn you should...
  17. S

    Is there need any certain educational qualification for Forex business?

    No, certain educational qualifications are not needed for trading in forex. But a big ‘Yes’ for education. Education can be self or through some online trading course. Surely lots of self-study and research should be done.
  18. S

    You want to take risk

    I feel the trader only fears when he has risked more than he could even afford.
  19. S

    Would you quit trading for your career

    My regular job comes as my priority and I trade part time as of now. And I’m happy doing both simultaneously.
  20. S

    How many months you used DEMO?

    I have practiced on my demo account for around two months. Though it is essential to have your hands on a demo account before starting live trade, you cannot become a trader unless you enter the real market.
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