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Long-term trading is the real way of trading but scalping isn’t a proper way of trading. For long-term trading, a hardcore and accurate market analysis is needed to catch the flow of the market.

Being so overconfident isn’t possible in Forex because no one knows the price movement of Forex from earlier. But market analysis can help traders catch the market trend.

Self-assessment gives a trader an idea about in which field or particular area he or she is weak and need to develop. Majority of the traders are far away from this practice.

You will be successful trader when you have a good experience that is leading you to earn profit from the market consistently. That doesn’t mean successful traders don’t lose in the market.

Simple thinking and complex thinking are all happen due the differences of traders’ psychology. A weak psychology never leads a trader to better return but a strong psychology has high sustaining power.

To be an expert in trading, knowledge and practice are must. Gaining in forex without proper trading knowledge is just a utopian scheme. In 2023, knowledge earning isn’t a hurdle as traders are posting different educative videos on youtube.

There should be a limit of opening trades every single day and opening 20 trades a day is insane and never expected.

Trend-specific trading is always profitable and it’s proven till now. On average, the market follows the trend and sometimes the market breaks a particular trend and we also can make the best use of it.

To be disciplined in trading, we need to have patience and knowledge. Because, having deficiency of knowledge leads a person to failing in the market.

Mistaking is the nature of traders but those know the way of overcoming mistakes are the real successful in the market by the end of the day.

In Forex, decision plays a vital role and it really matters how much you are risking your trades. So, try to lower your trading risk as much as possible.

For those who know you to grow a small amount big over time, small amount isn’t a problem. But traders who don’t have sufficient trading knowledge can’t even survive with big amount in Forex.

Comfort with broker depends on the service provided by them. Currently I am trading with a broker and I am really satisfied with them because they use advanced technology and provide high security of funding.

We earn from the difference between two currencies’ price and that’s why it’s always a considerable issue for us to catch the market price before trading.

I believe there are still; many brokers allowing traders with binary trading facilities considering the growing demand for this particular type of facilities.

Stress works as an impediment to the way of trading development. So, traders should go every length to reduce their stress.

Forex can be traded both as a part time and professional trader. Part time traders can’t invest their full time in trading but full time traders invest partial portion of their time in trading.

Gold is always my favorite trading pair but it’s really difficult to catch the actual market trend of Gold through market analysis.

Every single trade should be tied with stop loss because stop loss works as a protection.

All trading-related activities are part of trading so is stop loss. How much pips to be maintained to place a stop loss depends on which type of trading a trader follows.