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It depends. If you are making good consistent profits and passionate about trading only then you can opt for trading full-time.

Trading is risky and losses are avoidable but surely are manageable through the right money management technique. Money management also involves risk management which when used together can not only minimise the risks but can also maximise the profits.

Since ECN brokers offer direct access to the interbank market, they offer better liquidity and favourable trading conditions. This is why I've always preferred ecn brokers and trading with aaafx currently. The spreads are reasonably low and trade execution is faster.

Here are two tips to help you avoid loss in Forex trading. 1. Control your risk Setting a stop-loss on each trade. A stop-loss is an order you set on the platform to sell when the market price reaches a certain level. For example, if you buy at $1.2345 and set a stop-loss at $1.2335, this will...

Here are two tips to help you avoid loss in Forex trading. 1. Control your risk Setting a stop-loss on each trade. A stop-loss is an order you set on the platform to sell when the market price reaches a certain level. For example, if you buy at $1.2345 and set a stop-loss at $1.2335, this will...

Politics is one of the important factors that affect the forex market. Forex market is a place where currencies of most countries are traded. If a political party is very serious about the economical development of a country then it will raise the value of their currency. Moreover, governments...

Risk factor for forex is really high but at the same time, forex trading is also profitable. However, profit is directly proportional to risk, so higher the risk higher will be profit. But, you can use various strategies or skills to minimise risk in forex.

No, it’s not possible to earn a profit in forex trading without knowledge of the latest market happenings and how that will affect the charts. Unless you are extremely lucky and have fairy dust with you, you can’t win in forex trading, you will end up losing all your capital.

I agree with you. Although it is really hard to manage to take out time for gaining all the news and analysing charts about the forex market, it is not impossible.

At the start, everyone gets confused and this leads to a feeling of discouragement among the traders. Most of the traders get easily discouraged and they lose hopes eventually giving up trading. Therefore, clear yourself out with all the knowledge, technical and fundamental analysis, and be...

Yes, forex is very stressful especially when you are a beginner. Also, it becomes stressful to the traders who are suffering losses. In such cases, take a break from trading as during stress you might make wrong decisions. In the forex trading market you need to control your emotions and focus...

I don’t think any trader would like to switch to another broker if all his/her requirements are fulfilled by one broker. I’ve been trading with aaafx for years and not planning to switch to another broker.

It is a trading style in which a trader would buy and sell currency-pairs when there are small changes in the currency prices.

Of course, everyone has some bad habits in trading, but these should be improved. For improvement, there are some simple steps: 1. Identify your bad trading habit 2. Break down it into its cue-routine-reward. 3. Finally, redirect the desire for the reward towards another routine.

Yes of course, it is possible to earn a living by trading forex just that you have to have a sound knowledge about the market. You need to be consistent in making profits and also, you need to be determined enough. First of all, you have to develop and ace the strategy that suits you the best...

Money management is one of the most important things to keep in mind while trading forex. It is not an easy task and most of the successful traders practise it for lowering risks. None of the traders can be successful if they are bad in money management. You have to develop your money management...

The best way of learning from one's mistake is keeping the record of the past trades. Traders can prefer maintaining trading journals or recording the trades.

Professionalism demands skills. If you see professional traders, you will see they are very skilled and experienced which is translated into their trading. They understand the market quickly and are adept in taking the right decision at the right time.

I prefer trading GBP/JPY. 1. While GBP is a high yielding currency and JPY is a low yielding currency which allows me to use a carry trade strategy. 2. It is easy to track risks as JPY moves up or down with stocks and commodities.

Basics are very important in forex trading. If your basics are clear then you can handle intricate situations with ease. But very often traders avoid basics in order to make quick and easy profits that result in losses and many times they quit trading. So you should always keep your trading...