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A complex and uncertain market like Forex can’t be termed as easy and winning in such a market requires the right set of skills, knowledge, strategies, and planning. There is no other or easy way out.

It's true, trading knowledge and skill can get you further in your journey, maybe even closer to the goal in mind but what matters the most is how many traders are actually learning from past mistakes? Not many, if you study the market sentiment thoroughly and make the most out whichever...

It may take time to come to terms with losing trades, but you shouldn’t worry. It’s part of the process. Learn to deal and get rid of anything that can affect the profit. Find new ways to minimise loss and you will succeed.

A demo account is a useful tool for practising trade execution and strategy testing without having to use real money. To find out what works and what doesn't for you, use a demo account to consolidate all of your learning. You will have a deeper understanding of the market as a consequence of...

That’s because most of them cannot stay consistently motivated to work hard. They invest money carelessly and don't thoroughly research the market. Some have a strategy problem even though they are aware of the market. Both a sound trading strategy and prudent money and risk management are...

A trader has to work hard to learn how to trade forex. Plus, they have to work hard to learn patience, confidence, discipline, and the right emotions. They have to focus on improving their skills every day.

I’d prefer trading with a broker that offers good conditions to trade and timely withdrawals. I’ve been trading coinexx for the same reason. It is fine to check unique features offered by a broker, but one should make sure to check the necessary features like spreads, commission, and withdrawal...

With time, a trader learns to manage the risks in forex trading. The risks are there, but a trader’s experience will help them minimise the risks.

To master forex trading, you do not need a specific degree. All you need is patience and an understanding of human and market psychology, and you won't have a hard time. The main things you should concentrate on are reading charts, sticking to a strict plan, maintaining a good consistent profit...

Trading without knowledge is the worst thing beginners do. A lack of research, an incorrect understanding of leverage, trading without a stop loss, failing to maintain trading discipline, failing to adapt to the market, having unrealistic expectations, and poor risk and money management are also...

It is risky, and everyone knows it. But many people do not take risks associated with forex trading seriously. More than 90 to 95% of traders lose. Then also, beginners tend to exercise impatience and lack of knowledge to trade forex.

I like to trade EUR/USD, USD/JPY, and GBP/USD. They are all major currencies and have worked well for my trading.

Education is of utmost importance. You can never even imagine doing well in the market without educating yourself properly just like you cannot pass exams without knowledge. There are various resources available on the internet to educate yourself. You also have to train yourself on a demo...

Forex is a side hustle for me. I see it as a key which opens the door of my financial freedom. Though I’m not making consistent profits now, I'm happy that I’m doing well in the market.

There is no denying the fact that every trader wants to make money consistently. But still, not every trader is able to do that. Most traders leave the market as soon as they enter it because they can’t keep patience to see their trades work. So, it’s not just the market but also you, who play a...

You cannot tell anyone for how long they must use a demo account because it’s a lot about their market understanding and if they don’t feel confident enough to trade in the live market, they must practice on a demo account.

Forex trading is not easy. You can only win if you have extensive knowledge and expertise in the market and trading. So don't treat it like a simple money-making scheme. To be successful in the market, you will undoubtedly require a great deal of knowledge and understanding as well as a specific...

Part-time trading is a safer and more flexible way to trade. It enables enthusiastic new traders to participate in the market in a more flexible manner. One can actively trade alongside his other business or job at any time. This effectively lessens the risks involved as well.

A part-time trader’s life is far more difficult than a full-time trader as you have to make the most of the market in a very short time. But if you happen to set small goals and achieve them day after day, you will be doing great.

Well, that’s an important lesson to learn. We all want to make money through trading but it shouldn’t turn us into greedy traders who can’t see the strength of the market beyond their greed. To be successful, you must see the market as it is and not how you want to see it.