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Scalping is surely the most profitable trading strategy but it demands regular trades that not everyone can keep up with. You better start with medium term strategies for a strong base and a great trading start.

The urge to give up was quite strong during my initial days but I managed to overcome that phase and continued trading. I still have bad days and I just take a break from trading when I encounter losses in a row. Quitting is not a solution to any problem. So, we must keep on trading in order to...

As of now I am able to manage my career along with trading. It was a struggle in the beginning but not anymore. So, I give equal importance to both my career and trading in the present. I think it is possible to focus on both and stay profitable if you have a passion for trading.

If losses are keeping you from trading, you probably didn’t work on your risk management strategy. With losses being a part of your trading career, the best you can do is trade only when you can afford to lose that certain amount.

Knowledge shows you the way through the ins and outs of the forex market. It makes you well versed with the market conditions so that you can build your plans and trade accordingly. Consider learning a new thing every day to prepare yourself for every possible situation.

I don’t take risks because I don’t mind losing money but because if I don’t take risks, I will not make any money. No matter how afraid I feel because of my money at risk, risk taking is crucial for my trades. Thanks to risk management, I am able to protect my account from draining out.

It’s important to have the knowledge of what you want to do in the market. You can’t just wake up, start trading, and make money. It requires years of learning and experimenting in the market to develop skills that help in making consistent income.

If not strategy, I don’t know what traders use to move forward in the market. The market is not so simple to understand that when you enter, money making opportunities will be waiting for you. You need to move in a certain manner and that’s what your strategy helps you with.

It is not about how much time you give to your learning. It’s about how much time you need to develop an understanding of the market you want to trade. I won’t recommend learning for a particular span of time but learning until you have all your doubts cleared.

Forex trading is not just about making money but protecting what you have. For this, you will need to manage your money and risks and if you don’t do it, you are a gambler. As there is always a risk of losing all your trading capital, it’s best to never risk more than your affordability.

Trading without a plan has to be the biggest mistake that traders make. Talk to any successful trader and they will tell how important it is to document all their trading moves and risk management rules. This keeps you from selling short when you can accomplish much and making timely exits.

Because traders can't consistently turn a profit, disciplined trading has become an uncommon occurrence. Only when traders have a solid trading strategy can they execute trades successfully. Without discipline, trading becomes difficult for a trader.

Greed is common amongst everyone who may enter the market, it is how a trader manages to suppress their emotions and take charge of the situation by controlling their impulses to over trade or sound too much too soon. It is important to follow a plan, maintain discipline in their moves during...

Demo trading is a good practice of what may happen during live trading. It helps you understand and learn your skills by applying whatever knowledge you picked up. It also gives you a chance to backtest and find the strategy that works. You can practise as long as you wish until you’re confident...

No matter how hard you try, you will always get emotional and when you are taking risks with your money. But it is entirely up to you how you deal with your emotions. Learn to control them so that you can control the way you react to the market.

When you have a goal to achieve, you pave a way to get there. Your dreams don’t just motivate you to do something but also keep reminding you of what you have always wanted to do. So, keep dreaming and putting your effort in the direction of your dreams.

A lot of information can be found online. Consider using them to their fullest capacity. Do some research and watch a long video playlist. In addition to that, there are thousands of articles and a significant number of blogs that you can read. There is no limit to the amount of knowledge that...

A news trading strategy is based on market expectations before and after the release of a piece of news. In the event of a sudden change in the financial markets, you may be compelled to act quickly. This means that you'll have to act quickly to take advantage of the news.