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As we know there are no shortcuts for earning money, the only way is hard work! Forex is a great example of this.

Forex trading for beginners is fun but at the same time risky too because they are not experienced and they make lots of mistakes. They should start small and take it slow.

True that! At the start of my trading journey, I didn’t pay much heed to trading conditions and ended up choosing the wrong broker. But, I did my due diligence and found regulated brokers in aaafx and xm which have good trading conditions as well. Proper research is paramount while selecting a...

I will personally prefer scalping over long term trading because in scalping, we enter several trades in a day, each trade with a small capital and aim for small profits. Even if there is loss, the amount lost is little.

Until now, I have not found any good reason to quit forex trading. I agree it definitely seems tough at times when the market turns against us but it is how it has always been. So yeah, I will continue trading till I have some good reasons why to quit.

Trading skills and Trading psychology are very important for making profits in forex. Traders lacking these qualities lose and burn a hole in their pockets and eventually quit.

I read news about the forex market. I read charts for other currency pairs and sometimes listen to some music.

It is not necessary that a profitable forex trader has to be a professional with years of experience in the market. A beginner trader can also make decent profits once he has learned how to make good strategies and what are the best instruments to use. In fact, a beginner trader who has...

It is most important for a trader to minimize their risk, so in trading try to keep your risk minimal. Risk anything between 1-5% of your trading capital. It is the best strategy for money and risk management.

Yes, the forex market has a good relationship with politics. There is a big impact of geopolitical changes in the volatility of the forex market. Whenever there is political instability in any country, the price of that currency fluctuates to a significant level.

The process of choosing a right broker can be made easier by understanding which are important features for yourself. As for me, I can’t compromise lower costs for any bells and whistles so I look into that only. Even rn I am using AAAFx, they don’t offer attractive features like no deposit...

It is very important to remain mentally stable during trading. If you feel confused, you should stop trading for some time, take some refreshment. It will boost your decision making power and also enhance your patience.

I think non-profitable forex is stressful. When we work hard for beneficial trading but we are unable to minimize our losses, it affects our mental stability.

Motivation comes from within and the best way to remain motivated is to remember “why” for what we are doing.

Forex trading is not an easy task to do for everyone. Even the part time trades need to have proper knowledge and skills to trade the market profitably.

In the field of forex, you can not win your battles without proper research and knowledge. You need to study the market, its strategies, risks and everything. If you don’t study, there’s rarely a chance of consistently winning. Don’t settle on your luck but rely on your skill.

True. Trading the forex market is highly risky and full of ups and downs, where the probability of you getting great rewards is high but so is losing everything you have. It requires skill, patience and knowledge to become a successful trader.

The forex market is very unique in comparison to other trading markets in many ways. One of the most unique features of the forex market is that it is a global network of financial centers. Forex market transacts 24 hours a day and closes only on the weekends. If one major forex hub closes...

There are different reasons why Forex traders fail. Some think that Forex trading is too risky. They are not able to risk the money they have. They lose confidence in Forex trading after a few losses. They are not able to control their emotions. They take action on their own emotions and not on...

Traders can reduce their trading risk by lowering their leverage amount, employing micro lot size, and trading with low spread pairs. For Forex trading, a risk management plan is required. Even though Forex trading is risky, the methods outlined above might help a trader reduce his risk level.