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The brokers who don’t charge commissions generally charge very high spreads. Your focus should be on lower overall costs and not commissions particularly. I use Coinexx, their spreads as well as commissions are both very reasonable.

@Zygosis I can’t agree more. To be a professional trader one needs to acquire proper skill sets and strong emotional balance. And this depends on the passion for learning a trader shows towards trading.

I believe reading some popular books on trading is a good way of fetching genuine knowledge like Currency Trading For Dummies by Brian Dolan or Forex trading: The Basics Explained in Simple Terms by Jim Brown. They both are good reads.

I mostly trade major pairs and my favourite pair is EUR/USD as both currencies belong to the world’s largest economies and are strong. I also prefer trading GBP/JPY due to its high volatility and high pips.

I think a beginner cannot make a living out of forex easily because it takes a lot of time to gain that level of experience. But still to answer your question, the number of trades would be such that either the number of profitable trades would be more, or the amount made in profitable trades is...

It seems that you are lacking hands-on experience which may be the only reason you fail. Studying with practical application in a field is always more effective than just studying. You can continue studying but you need to spend the same amount in trading too. You can go for a demo account if...

Major pairs like EURUSD and USDJPY are the best pairs for trading. The reason is that they have low spreads due to high liquidity, which helps in earning more profits with each trade.

I think you are referring to a fake candle. Fake candles are quite common when you are following a pattern on a chart. Suppose you expect a breakout after a pattern, the price will go in a direction slightly breaking out from the pattern where most people will try to open their trades in that...

I am sorry to say that there is no strategy that is the best and secure for everyone. You may be good with one that works for you most of the time. So, nobody can help you with the best one. You will have to find it by yourself.

The best strategy according to me for news trading is using buy stop order and sell stop order together. If the news is going to have a huge impact but you are unaware of the direction that the price may approach, placing the buy stop order and sell stop order together will make sure that if the...

The unknown hidden variables you are talking about also include things happening all over the world. Various news articles come up every minute related to various sectors of the market. Nobody is able to know people’s reaction to a news story before it is released. Once released people sometimes...

You must have got a pretty good idea by now about trading in time zones. The only thing I want to add is that if you are going to trade part time, find a perfect time slot that you can spare for trading. You can also consider opening of a particular market in that time slot like the New York...

The strategy depends upon the type of trader you are. One can be a day trader, swing trader, or position trader. A trader should use the best-suited strategy according to their trading style.

When it comes to forex trading, money management is one of the most important things that you will need to pay attention to. A trader should know that money management is the key to success or failure. To avoid making mistakes, one should always know their limits and follow a strict money...

You can check out Babypips. Fellow traders must have recommended the babypips course. This won’t be enough, but it will give you necessary basic information on how to go by trading.

That’s true! These self-proclaimed ‘gurus’ make a lot of money by selling fake courses, signals, and other fake content, but they don’t know anything more about trading.