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Well, everyone assumes things about the market and makes decisions as per them since there is no guarantee of the market movements.

It’s really wise of you to choose a demo account for practice. But spending too much time on it would start filling you with unnecessary confidence that will make you set unrealistic expectations when you start live trading. So, leave demo trading as soon as you have learnt enough on it.

I think besides trading being a forex affiliate can also be a good side-hustle. Some good forex affiliate programs that I've tried are aaafx and hfm.

Where there are so many benefits of trading forex, the easy accessibility often makes traders take it lightly. Not every trader is able to control his greed and that often leads to unnecessary decision-making and hence, losses.

“Never be greedy” is surely one of the most important lessons if traders understand its value. Where everyone is constantly focusing on making money, you need to keep patience to be able to identify profit-making situations and ensure that you are capable of taking the advantage before you open...

In forex trading, never take on too much risk. Only take a risk if you are certain that you will not lose. You might get lucky once or twice, but you can't expect to be lucky every day. So be careful and never take unnecessary risks or you may lose your hard earned money.

To become a great trader, you must first study how a successful trader trades, controls his risk in trading and rebounds from losses. This will give you some insight into trading. Aside from that, you must continue to learn as much as can about trading.

The short answer is: Yes. Forex is risky. Just like any other market, the Forex market has its ups and downs. Some traders make money consistently, occasionally and many lose their trades. Traders should know to control your trading emotions. Using right and strict stops is very important to...

Trading for short-term or long term depends on the risk tolerance and the goals of the trader. I prefer trading short-term.

I’ve seen traders going with popular brokers without thoroughly checking about them. Most of the time it results in disappointment because the features they are offering might not resonate with your requirements. I remember the first broker that I chose offered very high leverage but they were...

Health is wealth. That says it all. Anyone with the right mindset would avoid it at all costs. Health is the number one priority. If we do not have health, what is the use of making money because we certainly won’t be able to utilize it on things we’ve intended to.

Trading means discipline with consistency. Understanding the basics and how the market works helps. As most people do not take forex seriously, they fail and eventually lose. Therefore, one must learn the basics and skills needed for forex. One must be willing to do the hard work. Otherwise...

Actually, it depends on how long before you were able to make a consistent profit in your demo account. But do take into consideration that you will be missing out on the psychological factor with demo trading. And that is the fear of losing the money. You will not feel such a thing when you are...

Traders can improve their odds by taking steps to avoid losses: doing research, not over-leveraging positions, using sound money management techniques, and approaching forex trading as a business. Reducing losses in forex is all about planning and perfect execution of your trading strategy. The...

Losing is a part of your trading career but it is not that easy to accept your losses especially when you were hoping so much from your trades. It’s the unsaid rule of the forex market that you will lose before you start making money. So, better prepare yourself both ways so that your emotions...

Without knowledge, you may be able to make profits once or twice in the market out of pure luck. But for a long, successful trading career, you will have to learn well and practice even better. In simple words, your education will help you find grounds in the ever running market to apply your...

It’s not a child’s play to make a living through forex trading. You can have the hardest time of your life while trading and trying to make money. Depending on it to make a living is a risky decision and must be taken only after you have a trading background of maximum wins. But still, there is...

Forex trading is in no way an easy source of money. In fact, it can be tougher than most other jobs. If a trader tries to take a shortcut, they will probably land in trouble because of the scams waiting for such traders. No matter what, you need to put in your hard work to make money.

Imo, many new traders fail due to the lack of right trading psychology. They do not have any control over their emotions which results in losing. It is important for them to start with small amounts\ to develop the trading psychology without losing much.

To begin, it is best to stick to one currency pair at a time. And over a period of time and experience one can also opt to trade other pairs too.