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The best risk management strategy I can share is don’t risk more than 2% of your total trading capital per trade.

You should not limit your learning to a single source. There is so much knowledge to gain, so make sure to consider as many sources as you can. There are books, blogs, videos, webinars, and podcasts that make you well-versed with the market.

Forex indicators help in examining the market data through analysing the historical price movement. This is why I think that everything that a trader needs is always in front of his eyes. Use price action carefully and you won’t need any indicators at all.

I find trend trading the best for swing traders. I believe it's easy to spot market turns in this strategy. Although you should only use the strategy you understand the most because at the end it’s us who have to make the final call. Try testing different strategies on a demo account to...

Do they accept clients from the US?

That depends on the financial goals of a trader. It’s a lifestyle question! Some traders can make a living with $1000 a month, while for some even $10,000 a month isn’t enough. You need to be clear of your goals and trade accordingly.

There is a lot of free content that you can rely on while starting trading. Babypips, for instance, has a free, exhaustive course on how to get started with trading. Youtube is another source that you use to learn forex concepts. Trading with Rayner, TraderNick, AlphaTrends, and No Nonsense...

Check out Japanese candlestick charting techniques Book by Steve Nison

Although the general motive is to make money, I trade forex to be financially free. Forex has the potential to offer the luxury that a regular job can’t provide.

Pick EUR/USD. It’s the best pair for beginners. Being the most traded pair, it is highly liquid and spreads on this pair are also tighter.

School of pipsology from Babypips is good. You can try that and It is free of cost.

Beginners should prefer trading with EUR/USD as it is more stable than any other pair and provides higher liquidity and tighter spreads.

Money management is said to be the main key element of all the trading approaches. It allows you to minimise the risk by increasing or decreasing the size of the position. The best way of managing money in trading is to calculate the risk reward ratio and follow the 2% rule of trading.

It is not possible for anyone to tell the exact time that is required to be a professional trader. To be a professional trader one should know that losses are inevitable and accept them. One should learn from them and try not to repeat the same mistake instead of quitting trading. To learn and...

@shortham I agree! That by practice a trader can master his trading psychology but I think books also have a role in helping you. I read “The Art of Thinking Clear” by Rolf Dobelli and learnt quite a lot.

Fear of losing money is very common in traders who have earned that money. It is an emotion which can affect your trading decisions. Fear can also over-power sometimes when the trader tends to risk more than they can actually afford. A forex trader must know that losses here are inevitable...

The perfect time of trading currencies is when the market is highly volatile. Eg. to trade EUR/USD trading in the New York session or London Session is the best time.

Profitability of the trade depends on how well the trader knows the market, his trading strategy, trading plan, risk management strategy and emotional control. Not everyone can earn profits from the market, it requires a lot of effort and everyone should be prepared to put in what’s required.

@Crosta Very nicely done analysis on the market. The high volatility in the market makes it complicated to predict the market. But if the trader understands the nature of the market it becomes easy for him to make predictions.

Major currency pairs are all good currency pairs. Major currency pairs include: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF and USD/CAD. These currencies belong to the countries who are of the world's strong economies and due to which they are more stable and provide tighter spreads.