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Long term trading or short term trading is the personal choice of a trader. Long term trading depends more on fundamental analysis and short term trading depends more on technical analysis.

Education is so important in forex. Skills too are. But applying them is even more crucial. There is a difference between understanding what it is like to scale Mount Everest and really climbing it by your own efforts.

Yes, it is true. Forex is extremely risky. Only those who know proper risk-management skills survive in this market.

Contrary to the popular belief that in order to be profitable in forex, a trader must make it as their full time job, I have come across many profitable traders who actually trade part-time. The key to making profits in forex trading is not the time you put in, but the efforts and smart work...

I believe the main goal of a trader when trading forex should be to make good strategies. Once the market turns and the trader’s strategy is not working, he must change the strategy. As the forex market is volatile, it is a universal fact that one strategy cannot work and make profits all the...

Initially, it is not advisable to quit your job and make forex trading into a career. There is major risk involved and you need to be able to invest time and energy into learning all about it first. Practice builds confidence and increases courage to take the right step towards success. Over...

Forex can be a good source to earn money but it certainly isn’t an easy path. The high volatility and risk levels in the market make it challenging and significantly uncontrollable. To reach set desires, traders must ensure they are wise enough to face the ups and downs with pride and only...

It’s true that out of the total population that is making money in the forex market, professionals are the majority. But don’t you think that these professionals were also beginners once! You know that right! So, let’s not put another bar on making money through forex trading and let’s just...

Traders who lose mostly are the ones, who didn’t spend enough time learning and understating the market. When you read about forex trading, the first few lessons may seem easy but they are not that easy to implement. You must take time to test your strategies before you take risks.

You can do long term trading. It will make you more pips and your pips are going to increase than in the short term. More pips means more success!

First of all, you need to manage your emotions in this business so that you don't lose control over them (and you can do that by reading my guide on how to manage your emotions). Secondly, you need to be able to manage risk at all times. That means knowing when to quit and when not to quit —...

You’re right, this is the reason I chose turnkey forex, a broker with a good reputation and solid trading conditions.

Discipline allows traders to stick to the trading plan and follow it strictly. Traders with discipline find it easier to follow the rules strictly and do not get persuaded easily by emotions.

You are right! The 2% rule is a risk management technique that does not allow you to risk more than 2% of the trading capital. Control and manage risk efficiently.

Dreaming is very important in order to manifest. But dreaming without any sentimental attachment to the dream leads nowhere. These sentiments motivate a person to make efforts and work hard for achieving it.

Risks and losses are inevitable in forex trading but they can be minimized by using certain risk management strategies and techniques.

Being a scalper I always prefer studying the charts and identifying the patterns and making my trades accordingly. I do not prefer trading if the fluctuation in the market is very high.

I totally agree! Traders should always prefer using a strict risk management strategy even if they are 100% sure about the trade.

Focusing on a single pair is always good rather than trading in multiple currency pairs. But analysis of currency pairs is also important. It is suggested to analyse the currency pairs and find the one that you would like to trade for that day. Do not randomly select currency pairs for trading.

Here I’ve made a list of brokers that accept US clients Turnkey forex Fxglory Cedarfx Trader’s way Sagefx Fxchoice Best part is that these brokers have low min deposit requirements, so one can easily try them out first.