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In simple terms, there is no forex trading without risks. So, either don’t trade at all or prepare yourself for losses at every step you take in the forex market. The market is a little tough to understand and so, know that losses would also be common.

I prefer trading EUR/USD. Although it is a volatile pair, it provides good liquidity and tighter spreads. Moreover this pair is easy to analyse and trade.

Obviously, spreads, commission and timely withdrawals would be the criteria not just for me but for many traders. I am using turnkey forex which fit with my criteria, as of today, trading has been quite pleasant with them. Does someone have any other criteria for choosing a broker, would love to...

Some of the new traders neglect the importance of demo trading and think that they can trade forex without any prior knowledge or practise. This is the worst mistake they can make and lead themselves into losses.

Reaching consistency in your trading career is the highest level any trader will ever reach in his career. This makes it clear how difficult it would be for someone to take the chance of putting his money at risk. Just be careful about every move you make and analyse the market well before...

Demo trading is done for self practice not because someone is going to punish you if you don’t want to do it. You will probably have to see that yourself for how long you wish to practice on a demo account.

Not just new traders, but even experienced traders also lose their money in the forex market. I don’t think that a trader should be afraid of losing money. He should be afraid of not knowing what went wrong with his trades.

Only your experience can make forex trading seem easier for you. The results obtained by every trader are different and must not be compared. Your only focus must be on learning and getting better than you were yesterday.

When I first heard about forex trading and the profits you can make through it, I knew that I wanted to do it. I learnt for a few months and then went live. The first trades made me doubt my decision but I still continued to do it until I started making consistent profits.

In the beginning, it felt like I was wasting my time on demo trading because it was boring and there was nothing new that I was learning. But after I went live, I realised that if I had not practised on my demo account, I would not have been able to make trades in the live market and save myself...

As a beginner, follow these steps: • First of all start with basics and then move to fundamentals and technicals. • Practise in a demo account. • Have a solid trading plan. • Build a strategy that suits your style. • Avoid involving emotions. • Use risk management and stop loss. •...

Greed is the emotions which play an important role while trading forex. The biggest challenge you will likely face in becoming a successful trader is overcoming your greed. Slow and steady wins the race; if you try to make money on every trade, you will probably end up blowing your account. Like...

Forex is a good money making opportunity. Anyone can make good money if one possesses good knowledge and experience.

Trading forex on a part-time basis is a viable option to consider. When compared to trading forex full-time, this approach to the market is considered to be less risky.

If you understand how and when to control and use your emotions to your advantage, I don’t think it can become a threat to the process. Loss is inevitable so traders need to be mentally prepared to lose more than they might gain.

Timing your trade can be a little frustrating to figure out in the beginning, but once you get familiar with the market sentiment and analyse the market in a way which matches your goal, it’s easier to make moves.

Discipline is crucial while making trades but a trader should also be flexible and adaptable to the constantly changing market environment. He should be able to trade wisely.

Forex trading is complicated and hard initially. But following a systematic approach towards learning about forex can help traders in making persistent profits.