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It is really important for a trader to stay updated with the latest market trends if they are serious about the market. If they keep using age-old information to make their trading decisions, they won’t go far.

This is a common quality that I have also seen in traders these days. They need to understand that they won’t be able to survive in the market for long if they have no idea about what is happening. And for that, they will have to learn and practice.

@dwaynegibbs I agree completely! Before anything else, a trader needs to learn the basics and then, how to keep calm. Getting too excited about their trading careers can sometimes cost them what they can’t afford. They must know how to manage their money as per their risk appetite.

We are all different types of personalities and it is quite obvious that we won’t have the same life goals. So, it’s better to choose your own way of trading rather than following someone else.

Nothing is as important as the knowledge you have. If you have no idea about what is happening in the forex market, you may not be able to achieve what you want to. It’s important to get your education right so that you can get your trading right.

Being confident is a necessity in the live forex market. But don’t let this confidence turn into overconfidence. It can be fatal for your career. Be knowledgeable and patient enough to wait for your trades to show results before you make another decision.

The whole of your trading career depends on the decisions you make. This clearly means that you have to be a good decision-maker when you are in the live market with your money at risk. Being unsure about a trade is never an option. You either don’t trade or when you are trading, know what to do...

That’s because I know that the market has got to offer a lot of opportunities to the traders who wish to exploit the market to their advantage. Moreover, the market movements are a reason why the traders make money.

As an individual trader, you must keep in mind that neither would you make money if someone else is making profits nor would you lose money if someone else is losing. If they say that a certain percentage of traders lose money, you must focus on the rest of the percentage of the traders who are...

New traders are often excited about their trades. In the rage of making profits, they overlook the fact that they are putting money to make money. They don’t realize that the steps they take have a direct impact on their capital and they need to take care of that too because it is not just about...

Constant learning and practicing are what make you a successful trader. If you think that you are good to go after you have completed your education course, you might have to rethink it. Every new trade will come as a new lesson for you. You might not realize but you will be learning the most...

In a way, it is. It prepares you for the live market conditions and you get an idea of the broker’s features. But it won’t be of any use if you depend entirely on the results that you make in your demo account. It is just for practice and you should start small when you go live even if you were...

Of course not! A demo account is for the traders to practice their strategies in a simulated environment that the broker creates for you. It is just for you to get well-versed with the platform features. It doesn’t have any relation with the live market conditions. The real learning starts when...

Some brokers keep organizing demo account contests and offer free bonuses to the winners. You can search for them and take part. There are also some brokers that offer free bonuses at zero deposits. But do check their terms and conditions.

Personally, I don’t think that it is a good idea to have multiple accounts with one broker. It is better to open accounts with different brokers where you can take advantage of different features that a single broker doesn’t offer. Moreover, it is not recommended to put all your money with a...