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Attachment, greed, and other such human emotions can have a negative impact on your trading career and should be avoided at all costs. Keeping your feelings out of your trading is the best course of action.

Trading based on assumptions is not a good idea. It is preferable to arrive at decisions based on logic. Take on the mentality of a trader and remain disciplined.

Forex is a fantastic side hustle. Many people prefer to enter the market in order to see if it works for them. Some people stay, while others leave. Individuals with past work commitments may find that trading on the side line is a good way to combine their responsibilities while still making...

Thank you so much for the tips. They are really helpful for the beginners. I think that we should trade with a clear mind and continue to learn. Forex trading is not easy and will require a great deal of effort and hard work. It will take years, so psychologically prepare yourself.

Yes, of course self understanding of fx is what you need to excel in forex trading! This will help you trust your guts while trading.

The demo trading account is the best way to practice trading in forex. For one, it allows you to test out different trading strategies without having to risk any real money. Additionally, the demo account gives you a chance to get a feel for the trading platform and to see how it works. This can...

It’s difficult to keep patience in all market situations. No matter how hard I try to win, losses happen and it’s not easy to handle the risks. I am working on it and hope that I will be able to get better at it.

We are all here to make money. The beginning is obviously hard but if you can’t make money even after spending years in the market, I believe it would be best not to trade or take a break until you find a reason to keep trading.

Forex is risky but once you understand how you can manage your risks, it gets easier for you to handle all the situations that come by. Focus on learning before earning and it will all get sorted.

I have been into forex trading for some years and it never really felt like it was an easy job to do. When you have your money at risk, it’s not easy to stay on track and focus on your goal. It takes time and patience to do that.

Learn to stick to what you have decided. If you ever make a move that you don’t understand, you won’t find a way back. It’s best to do only what you know so that you are not losing anything more than you can afford to.

I won’t suggest depending too much on forex signals as they don’t work really well in all situations. It’s better to use them for getting an idea if you have analysed the market accurately or not. For that purpose, you will be good with free ones.

Being consistent is the real challenge when trading forex. No matter how skilled or knowledgeable you are, if you’re not consistent and disciplined then you can face losses.

Trading necessitates both experience and confidence, both of which take time to develop. People frequently enter the forex market with exaggerated expectations of high returns and then lose. People lose money in forex trading because they do not apply risk management appropriately. Loss is...

Not knowing what to do and still taking risks has to be the worst thing a newbie will ever do. Newbies do lack experience but they shouldn’t be very hopeful that they begin with unnecessary risks that end their careers even before they start.

I believe that the risk should be in accordance with the trader’s appetite. No need to go beyond what you can’t afford. If 2% seems like a big amount, you can keep it small and if you think that you can handle a bigger risk, you can do that with a proper risk management strategy.