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Probably one of the best replies, it is not just for newbies but old traders can always come back to try out their hand on something new using demo. And it's so easy now as brokers allow unlimited demo trade, just go back there and practice. Personally I don't hold back in taking advantage of...

Something unique for me from my broker Forexchief would be their trading credits which are termless and interest-free, and can be used as equity when effecting forex trading. This does come in handy and useful, especially in deposit top ups.

Great advice, simple and vital. In fact this is basically the summary of all you need to be successful in the market. The first two is most vital especially as a newbie, don't be hasty in starting so big else you'll loose your funds in a short while. Look for a good broker with a good minimum...

This is very important, we have to realize that mistakes and loses will always happen in the market. But what we do after those mistakes will determine how far and how well we have come in the market.

One thing that can help is not being greedy, be balanced and know when to say you've had enough for now.

That is a good way too, but it is always advisable you always have to know where your stop goes before you enter the trade. Especially when buying a fixed amount of contracts.

I like the fact that you mentioned reliability along with being regulated because it takes more to be a great broker. This definitely is something we should watch out for, like what is their commission, spread, reviews on them, trading platforms and more. What attracted me most to forexchief was...

My advise is, don't rush things and don't compare yourself with others. Most times confusion comes when you are trying too hard maybe in an attempt to be like someone else, you will end up mixing things ups and that might cost you.

Couldn't agree more, you can't afford to go wrong in choosing a broker. It's more like choosing a partner in marriage wrongly, your life will be miserable. Same applies in the market, brokers are like marriage mates, choose wisely.

There is a theory I used back in the day before choosing the broker am currently with, I opened demo account with two brokers on my list after narrowing my search. After a while I stuck with forexchief because other than having all the trading options I want, their customer service agents were...

This why it is said psychology plays an important role in the market, you have to learn how to balance your emotions even before beginning your journey in the market.

Exactly, all traders must learn to accept that loses will always come at some point. It is what you do after and how well you minimize them that matters.

If I understand what you are saying, we need to learn from our mistakes. If this is true, then you are right, if you ignore your mistakes you will never not learn.

True, but it wouldn't hurt if you take a little break and re-plan yourself. Study what went wrong and see how to avoid that mistake next time.

Of course, in fact it's an essential part of life, is the kind of risks you take that matters.

So true, most just jump in without proper knowledge and money management and expect to cash out. It definitely do not work that way, maybe most are misinformed.

Yes, both new and old traders need to put in the work to get good result, this is why many say you can hardly make it as a part time trader.

I like a line in your post; "loss is part of the market.." I think all traders need to accept this or end up losing more. We should focus on how to minimize the lost by not being too greedy. Greed is dangerous!

I couldn't agree more, sometimes it can choke you up. This is where keeping the right mentality in the market comes to play, in fact it wouldn't hurt to take a little break.

I totally agree, bonuses are great especially when they are viable. But we have to be realistic when it comes to bonuses, knowing that even with legit bonuses there will always be some terms to it. But when those terms are flexible you know you have yourself a good bonus. Personally if the...