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It is best to enter the market only when you are completely satisfied and ready. Don’t enter the market if there is any kind of doubt that scares you. Those who are scared should learn and educate themselves about the market and its mechanism, so that they can get rid of the fear which scares them.

The largest financial market in the world, foreign exchange, also known as forex, is where all of the world's currencies are traded. Forex trading has various advantages, including flexible market hours, strong liquidity, and the capacity for margin trading. In addition, what draws many people...

The first step in learning how to consistently profit from trading forex is selecting a trading style. It's imperative to have a general idea of your destination and your route before starting any form of commerce. Setting clear goals and ensuring that your trading technique can assist you...

Absolutely, regulation is definitely an important condition, but alongside that, trading conditions also matter. Was lucky enough to find fxview that offered both. Been trading with them for a while now and am happy with the conditions and withdrawal speed.

According to me, it’s the maturity they gain as a trader. Professional traders are experienced and learn through their mistakes, aren’t rash or impulsive during brainstorming. Whereas, newbies need time to get familiar with the market place before they figure out how to manage to pull rewards...

There are many traders who believe that if they borrow funds to invest, they’re doing the right thing but unfortunately, it’s just the opposite. The market is risky anyways, adding more risk to your situation doesn’t help in any manner. Hence, traders should only enter the market when they have...

Demo trading is definitely worth it, many traders skip the practice and find themselves lost during the trading process. You can backtest different strategies and try to figure out ways to make profit. This boosts confidence and helps traders get rid of any doubts. However, it won’t teach you...

Very true, logic is extremely important in deciding the fate of your trades during the process. Traders need to keep in mind to learn from past mistakes and try not to repeat them. Earning profit is not an easy job and many traders only fail, due to lack of understanding of how the market...

I will surely take a break if trading starts taking a toll on my health. But quitting forex trading forever would be a big decision. I will try my best to get better and come back to trading. But in the end nothing is more important than our health and wellbeing.

Forexpeacearmy is one of my fav sources for identifying the right brokers. I too found mine (fxview and icm) from this website. But, I also checked other sources to confirm their authenticity.

Professional traders can also lose a trade when their predictions go wrong. That is quite normal. They just manage to limit their drawdown and stay profitable despite the losses. Not every trade can end up being a profitable one for a trader. A good trader will be able to cut the losses early...

Without passion for trading, no trader has ever become successful. It is necessary because it keeps you motivated and consistent in your trading journey.

That’s very true! If you don’t know what your financial goals are, then you will be directionless. This is the most common mistake made by new traders. They chase after profits without knowing what they wish to get from the market. Every trader should have a plan in hand and a tested strategy...

Allowing yourself to feed into the greed factor during the trading process is only going to lead down the path to failure. Stay focused and continue to learn new skills as you grow. Profit is only achieved through patience and hard work. Be self motivated and try to increase your returns.

It is great to have huge dreams but it should be achievable. When you start investing in the FX market, set realistic goals. It doesn’t matter if they’re small ones, that is how you learn. Try to get better at making decisions by learning from mistakes. Good luck!

New traders lose because they enter the market and start trading without enough preparation. They don’t have a plan or sometimes fail to follow their plan due to emotional trading. New traders should work on improving their skills and also learn to manage their emotions while trading. This is...

One tip which I can give is to not get stressed when you don’t attain your daily profit targets. Just take your time to learn and grow at your own pace. We often feel like we are not making any progress as we enter the market with unrealistic expectations. Just focus on learning until you gain...

That entirely depends on the plan the trader is following. Some say Mondays aren’t great, some say any other day of the week. If you contain the knowledge required to pull profit, you choose the timing and make it work, no matter what.

It is best when traders rely on their own knowledge and skill to move forward in their respective journeys. Assumptions can make or break your strategy. You have to be careful and tread lightly when it comes to assuming a certain market prediction. Patience and knowledge is the way to go.

This is the best advice we can give to someone who is a beginner in forex. Newcomers are often deceived by the scammers and fake experts as they just want to make some quick profits. You should spend your time and energy learning and becoming skilled instead of looking for shortcuts.