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All the major pairs are my favourite pairs as they have high liquidity. Liquidity helps in smooth execution of the orders. Choosing a single pair limits your choice which is not helpful if that single pair isn’t moving much.

Liquidity is indeed an important factor in trading, that’s why I prefer trading major pairs because they are highly liquid. The trading volume of these pairs is extremely high as they are traded more by big financial institutions and companies.High liquidity lets you experience tightest spreads...

I see that there are already some wonderful suggestions here by other forum members. Alongwith taking a course of your choice, try to practice everything on a demo account. Find a suitable strategy for yourself that you can use comfortably and modify according to the market conditions.

Try TurnkeyForex. Spreads are generally as low as 0.2 -0.3 pips.

I think many have earned some profits here. But if you are asking for those who are able to make profits regularly or at least have an overall trading account in profit then I don’t think there'd be many such traders. Earning consistently is a different thing. Personally I have been trying to...

I think selecting a pair depends upon traders' experience and risk taking ability. Major pairs are less volatile so they are suggested to most of the traders. But if you are an expert trader you can trade other pairs too which are more volatile but also have high potential for profits.

There is no single strategy that can be prescribed to a newcomer. The trader can try and choose one for himself, that seems easy and efficient. I might suggest my best strategy here but it won’t be of any use because it is easy for me and not everybody else.

You might find a new strategy to be difficult and risky. This is because you were comfortable with your previous one and you had experience with it. So the best strategy for you would be the one you have experience with and it will be safe as you already know its limits.

The main thing that matters in a forex trading strategy for news trading is the direction of the price. Whichever strategy is used should be able to trade with the actual direction of the trend. A strategy to buy or sell before the trend is confirmed may not be very successful.

An institutional candle is the one that forms just before there is a huge movement in the price. There are a lot of factors that are believed to contribute to the creation of this institutional candle. A trader should plan the trade keeping in mind this candle which may sometimes direct towards...

A trader must be dedicated enough to keep on trading either on a demo account or a real one consistently. If this is the spirit you have, it should be enough.

If a pattern appears on the chart, it should be confirmed using multiple time frames to know the strength of the pattern. I prefer using indicators like moving average to confirm the direction of the market.

If you really need it you have to make one for the particular situation that you need it for. There is no strategy that you can use directly. You will have to practice with it before you start executing it successfully or else there will be a good chance of losing money.

This is infact a very good information for beginners. I hope every newcomer gets a chance to go through it once.

This happens a lot to everyone I think. The main reason is that the movement in the market is unpredictable. A lot of times traders place stop loss at a huge distance and the price goes down that far and then bounce back. It is actually the nature of the market. So, do not feel disappointed at...

Money management saves you a lot of effort to make decisions while your order is placed. You can plan in advance about how much you can risk and what amount you want to earn. You can then find out entry, exit, stop loss and take profit through calculations. This makes it easy to execute a trade.

The best pair to trade depends on a number of factors, which include your trading style and what day of the week you plan to trade. EURUSD, GBPUSD, USDJPY, EURJPY, and AUDUSD are the most traded pairs in the world. They are more liquid and offer better trading opportunities.

The forex market is unpredictable for those who don't know how it works. Basic education and understanding of Forex trading will help to make proper predictions. Also, it is important to be aware of your emotions while trading to avoid losing more than you gain.

It varies from trader to trader. Everyone trades differently. But one thing that defines your success is your learning attitude. If you regularly backtest and learn from your trades, then you will see that happen quickly.

Although you can cover the basic concepts in a couple of weeks, in practical terms, forex is a never-ending subject. You require a good trading strategy to become a trader, and there is no fixed one. Based on the market conditions, traders need to be flexible and approach the market. This can be...