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Forex trading can definitely be a good way to make money. However, making money is not an easy task. Forex trading necessitates extensive market knowledge and comprehension, and it takes time. Based on your knowledge and expertise, you can make a lot of money in the forex market.

There can be numerous reasons. Like: 1. You may be trading too frequently- If you're making a lot of trades, you're likely to incur more transaction costs, which can eat into your profits. 2. You may be holding onto losing positions for too long- If you're not cutting your losses quickly...

Well I have mentors whom I look up to as idols in forex trading - Paul Tudor Jones, Hanah, Rayner Teoand more. But I’m strictly against paying someone to provide me mentorship and guidance in learning forex. Everything is available to learn for free. And a trader should be patient and dedicated...

More than the usage of any tools, becoming a profitable trader requires you to have the right psychology. Trading psychology, although this term might sound overrated, is actually a building block. Your strategy can be perfect, and so can your level of analysis , but without the right trading...

Good pointers! Also I would like to add that traders should not have any unrealistic expectations from forex. Many traders have the misconception that forex trading is one of the easiest and quickest ways of making money.

Scalping is an aggressive form of trading that aims at making small and frequent trades in order to make good overall profits. This is a risky strategy for beginners and I’d not suggest it for them as it requires traders to have excellent technical skills, in-depth knowledge and good psychology .