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The forex market is both dangerous and confusing. Only take risks that you can afford to lose. One bad choice can cost you a lot of money, while one good choice can get you a lot of money.

Losses are inevitable in the trading journey. But those who know how to maintain losses win. They do so by strictly following the rule of risking the money they afford to lose and implementing risk management strategies such as stop loss.

Since lower trading costs is my top priority, I prefer low spread brokers only and don't care much about high leverage. So far I’ve been really happy with turnkeyforex for that matter. However, I never stop exploring and researching about different brokers because as a trader I am more focussed...

Health comes first before trading in my list of priorities. And no one would make that mistake. You get everything for once, and you have to maintain it. Health is one such thing. It is a gift. Trading, on the other hand, can be done at any time, you can stop it or start doing it again, but that...

Forex market is risky only for those who think of this market as a get-rich-quick scheme. You’ll have to understand that you cannot become rich overnight. You have to work hard for that. You must gather sound knowledge of the market. You must know when to enter and exit a trade. Also, a strongly...

In news based trading, traders try to take advantage of the temporary mispricing of a security in the market. This mispricing is usually due to some events or news that have not yet been factored into the price of the security. News trading can be profitable and can work as long as it's done...

Being a part time trader is always best for a beginner. You don’t start making profits from day one. So you need another income to support yourself. When you decide to be a part time trader, you still need to work hard in order to succeed. You should trade like a professional even as a part time...

The volatile nature of the forex market makes trading risky and profitable at the same time. You cannot avoid the risk of loss but you can minimise it through risk management. The risk will always be there and your reward will depend upon how well you can handle the risk.

It is impossible to make any money without proper knowledge of the market. Forex trading is complicated and the market is highly volatile. As a beginner, one must put too much emphasis on learning. Only your knowledge and expertise will help you go far in your trading career.

Absolutely, demo trading is valuable. Demo trading is only for learning purposes. The more you practice, the more you learn, and the more you learn, it will be easy to trade live profitably.

I trade btc/usd with Turnkeyforex. Spreads are comparatively lower and offer faster execution.

It varies from person to person. Everyone has different capabilities, and it also depends on the particular subject too. So do not overthink this and just focus on the learning. Learning is the way to earn.

The 2% rule is one of the most efficient risk management techniques. There are other techniques too which are used by traders. I prefer calculating my risk reward ratios and use 1:2 R/R ratio. Risk management techniques are what differentiate successful traders from other traders.

Right! Money management plays an important role in forex trading that helps in optimising the trades and using the trading fund judicially.

The most challenging part about forex trading is that we have to battle our interior nature and control our emotions which is the most difficult part.

With so many trading options available online, I don’t think forex is anymore a work of professionals. People who can take risks to make money can trade however they want.

Yes, that’s true. Traders need to learn to manage risks and money so that they can trade for longer. They should start with learning the basics so that they know their limit and gain experience to push the limits and trade better.

Traders do earn big profits in forex trading but risks and challenges are also there. Losing all the money with one wrong decision is a huge risk that every trader faces. It can be challenging for traders to have emotional control, discipline and patience while trading forex.

Every broker will have different conditions for bonuses, like with turnkeyforex leverage for using bonus cannot be more than 200x. And $100 is the min deposit required to avail deposit bonus. It’s important to understand the terms of broker offering bonus before you actually start using it, so...

Beginners in forex trading develop skills as they learn about forex trading. While practising and trading on a live account, traders eventually master these skills. Their skills and experience reflects their professionalism as they trade with perfection.