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Market analysis is an inevitable part for traders because you can’t predict the price without market analysis. There are two types of market analyses including technical and fundamental analysis.

I feel yes because I trading forex as a part time trader and forex allows me with sufficient level of freedom and flexibility.

Between luck and skill, I will go for skill because luck smiles upon skilled people.

If you are hinting at what indicators I follow, then I will say that I use moving average, RSI, Stokistics and fibonacchi.

Maintaining discipline in trading is difficult because the market will make you greedy with lucrative opportunities but you have to go ahead wisely.

Before making a cogent plan, we need to consider a country’s internal news and views, technical position and trends of the market.

Forex is a decentralized market so no one controls the market centrally. Big banks, corporate companies are the core traders of the company.

Forex is a 24/7 open market allowing traders to trade currencies, commodities and indices. Basically, I trade XAUSUD, EURUSD and GBPJPY.

Earning money has become tougher and complex off late due to several financial crises ongoing around the world. Trading is really simple to earn money in compared to other professions.

To tell it simply, risk management means adjusting the risk with the amount of capital.

Spread is a widely-talked topic among traders. Can you explain it simply?

We mostly have fear when our capital is too big and it’s a liability then. So, those who are affected with fear can trade with small trading capital.

Fear is a trading phobia and this phobia is seen in traders who don’t want to lose their money. I think forex isn’t for these people because any sudden loss can weaken them mentally forcing them into committing suicide.

I don’t believe forex is a risky business rather here the risk depends on traders like how much leverage they ae using in their trading.

Risk management refers to a set of techniques that are used to minimize the risk level. For example, using small leverage and spread, avoiding gambling etc.

Forex offers traders a high level of financial freedom and no other profession is near forex trading if we compare it according to the financial freedom.

Gambling isn’t trading rather it’s a wrong and completely unacceptable approach of trading. It is fully out of professionalism.

With the digitalization of technology, people are becoming more and more engaged with online businesses. Forex is a popular online business.

Bonus is definitely a good facility for traders but we have to give more priority to a broker’s regulation that attractive packages.

Without market analysis, you can’t make any headway in trading. So, earn knack in both technical and fundamental analysis.