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Many traders allow their emotions to get the better of them which later results in losses. When you're feeling emotional, take a step back and evaluate the situation. If you're furious, frustrated, or anxious, it's better to stop trading until you've calmed down.

One of the most important factors influencing our trading is emotion. Emotions are crucial while investing in forex. You will be unable to think properly if you have just lost money and are attempting to regain it by investing more. However, instead of recouping your losses, you may wind up...

Using 100x with turnkey forex - a safe leverage to me.

I've only recently begun to make a respectable living. The gains aren't large, but I'm happy that my technique is working, and after three years of consistent learning and practise, I've finally begun making money.

Majority of traders lose money in the market. You may make money if you are consistent and disciplined enough to set goals and work toward them but that won’t be easy. Forex trading is simple, but you should do some study and get some basic understanding before entering the market. Not only...

Currently, my most favourite currency is the GBP/EUR, because of its exchange rate, low spread, and of course its high liquidity. It’s the safest pair for trading.

7 years of trading must have made him such an experienced trader. Would love to hear his experience and tips.

You don’t learn from other trader’s mistakes; you just know about their mistakes. To learn, you have to make your own mistakes and analyse them. A trading journal will keep a record of your trades and help you find points of improvement in your strategy.

We better not deny that all of us want to make huge profits in the forex market. But there is a way of trading and if we try to be smart, the market has a way of showing us that it is smarter than us. A strategy won’t only tell you what to do but also help you analyse your performance after a...

Instead of making up things, you must find solid reasons behind your moves. Though in some way, you will only be assuming but if they are based on the past movements, they will be better.

Don’t depend on others for this. We have no idea about what skills you have learnt and how well you are performing on your demo account. Take the risk once you feel ready.

It would be a great decision to start forex as a part-timer. The money you make has nothing to do with how much time you spend in the forex market. It’s about how efficient you are when you are in the market. What others do in eight hours, you can do in 2 hours.

Motivation will give you a reason to stay in the run. To run, you will have to work hard. If you have been in the market for some time, you would know how real these profits are and what effort they require a trader to put into the market. So, start doing what is required once you find your...

The best way to end a losing streak is to stand back, figure out where you went wrong, and figure out how you can move forward as a positive thinker trader. Many forex traders dwell too much on their losses and on their negative feelings, failing to realise that every losing transaction is an...

For forex trading, you don't need a professional degree or a bachelor's degree. Anyone can start trading forex, but you must have the necessary expertise to do so. Forex isn't a get rich quick scam, so you need to be knowledgeable about the market’s movements, the variables that influence them...

Dreaming big is important, but taking action on those dreams is even more important. Dreaming won't get you anywhere until you start putting these things into practice.

Foreign exchange trading entails a high degree of risk due to the inherent elements of speculation and the complexity of the global market. Factors that can lead to significant losses include time zone differences, the inherent risk of leveraged trades, and geopolitical unpredictability.

You need knowledge about what you are doing or want to do in your career. Where knowledge gives you the power to take any challenges, having no knowledge can fill you with unrealistic dreams and keep you from staying on track.

Every single trade comes with a risk. So, you have two options- either learn to take and manage risks or leave your dream of becoming a trader. If you decide to take risks, you will learn to handle them with time. Just be ready for the hard work that you would need to do to stay in the market...