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Absolutely! Money management is important because it helps to minimise losses. Both money and risk management are closely interlinked. As a trader, you should take necessary steps to prevent losses, such as using stop loss and take profit order

There are many free courses that beginners can refer to. Babypips features one of the most recommended free courses on forex trading. Traders can also check out courses on Udemy and Coursera.

One of the main reasons to trade the forex market is its high liquidity. It denotes how actively the currency pairs are traded in the market without causing any larger price movements in the exchange rate. Due to high liquidity, forex is one of the top profitable markets in the world.

Traders have to keep two things in mind while trading forex pairs: liquidity and volatility. In order to make profits, traders choose pairs that are actively traded. Pairs such as EUR/USD, USD/JPY, USD/CAD, and GBP/CHF make tradable pairs. The liquidity of pairs varies and depends on many...