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In the forex market, right trading psychology is effective in making right and logical trading decisions. It has an effect on market trading and individual traders. If you want to succeed in forex trading, you must develop a trading mindset.

Yes, every currency pair has two currencies, each with its own set of characteristics. Along with fundamentals of the currency pairs, understanding the correlation between the currencies also helps in making better predictions of the currency price movement.

Agreed! It is always better to start with a low amount. During the early days, the focus should be on understanding the market and creating good strategies. I too started with just 100 bucks with fxview. The aim was to understand the market, currency pairs, and their movements. Trading capital...

Traders must focus on journaling their trades to understand their current situation. When they do so, they become knowledgeable about their trading and how they can further it to gain the maximum out of it. It is crucial for traders to learn from both mistakes and successes because mistakes...

When a trader follows risk management, trading psychology, and consistency, success comes to them easily. Without risk management, everything will go haphazard because a trader won't be able to manage their risks properly. Without trading psychology, even risk management will fail to give...

The enormous level of speculation that the forex market entails makes risk unavoidable. Between opening and settlement, there are time discrepancies, political and economic complexities, and numerous other immeasurable elements. Forex is a dangerous and unpredictably volatile market to trade in...

A lucrative approach to increase your income on the side is through part-time FX trading. Even if you work a full- or part-time job, there are still enough hours in the day to engage in trading in this potentially lucrative market. For part-time forex traders, having a solid understanding of the...

Demo accounts are a saviour. Can you imagine trading live without any practice at all? We would have lost so much money in the process of learning how to trade. This is why demo accounts are crucial. You get to practise trading and develop skills with no real money at risk.

There’s no need to be upset. Wins and losses are a part of the journey and you shouldn’t take it to heart. Practise well and learn all about the market, that’s the only way to achieve success.

Yes I believe in the market and myself too. I know that success takes time and I’m patient for it.

It is possible to profit consistently in forex trading, but it is not easy. You need to understand the market sentiment, stay focused on learning new skills to improve your game while managing risk and money. Before making any moves, you should thoroughly research the market.

As a beginner, a trader has less knowledge about the market and following these tips is quite necessary if you want to survive in a market like Forex.

There is no easy way to win in forex. Your winnings depend on the amount of hard work you do. Only discipline and consistency can make you win in Forex.

Starting with one or two pairs is smart as it gives traders the time and space to learn and manage correctly. Newbies should research and trade with a major pair when they enter the market and once they gain experience, they can expand their portfolio.

It is good to dream but traders should make the effort and dedication to achieve those dreams. They should be realistic and not keep them too large when they just begin. It takes a lot of time to understand market psychology so patience plays a huge role in such a situation.

Patience is very much needed to survive in the forex market as a beginner. You are bound to face setbacks and failures but the decision to continue trading despite the challenges is what makes you successful in the long run.

It is surely quite unpredictable and that is why we are advised to plan for the worst case scenario every time we trade. Paying attention to risk management can surely minimise the potential losses that arise when our predictions go wrong. We do get better at making logical predictions with...