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Only consistent learning and practice can help you become a successful foreign exchange trader. In addition, there is an abundance of information available on the topic on the World Wide Web.

There is no way to get your money back if you lose a trade in the foreign exchange market. Making more successful trades in the future is the only way to recoup previous market losses.

Can give Acttrader or ctrader a try, been using them with fxview and pepperstone respectively, UI is good and plenty of useful trading tools.

Continue to learn and improve your knowledge and expertise. Follow this rule and you will become a better trader.

Changing a trading strategy is not that easy sometimes. Therefore, a trader must backtest and forward-test their trading strategy enough times to make it work. A demo account is quite useful in that case as it helps a trader experiment with their new strategy without losing any of it all.

Both types of trading are best on their own terms, but if a trader is not ready to utilise the knowledge, risk management, and trading psychology, even the best type of trading will fail to give them the results they seek.

As per the present market conditions, the best currency pair to trade now is the USD/CHF. The US dollar and Swiss franc are combined to form "The Swissie." For many years, investors in the foreign exchange market have relied on trading the CHF during periods of market turbulence because of...

In very short, this is how you can make your own forex trading plan - Describe your driving force. Determine the amount of time you can dedicate to trading. Specify your aims. Pick a risk-to-reward percentage. Determine how much money you have available for trade. Evaluate your market...

Gaining familiarity with the market jargon may take different time lengths depending upon your capability. After that, you should practise for a while on a demo account to determine which strategy is effective. Rushing the learning process will only lead to stress later on; it is therefore best...

I believe it would be better for every beginner to comprehend the terms and conditions of the market and how to deal with ongoing changes. Concentrate on creating a suitable plan that includes your desired goals. A good way to practise forex procedures is with demo accounts. One generally...

The key to success in forex trading relies on various things such as knowledge, practice, currency pair, risk management, psychology, etc. Though, the most important thing is to learn to be patient; once I started keeping my cool and being rational, I gained much more clarity and focus than I...

There is no "best" time of day to trade forex because different traders have different strategies and goals. Some traders may prefer to trade during busier periods, when there is more volume and potential for price movement. Others may prefer to trade when the market is quieter and there is more...

If you trade in a noisy or distracting environment, you will lose focus and make costly mistakes. I live alone so that no one can bother me.

If you are interested in forex trading and want to make money from it, then you must prioritise your own education. It is something that facilitates success and prosperity. Learning broadens your understanding of the market and gives you more time to devise a strategy and work toward profitability.

Hi, Welcome to the community. You can begin your educational journey right now. This forum is also an excellent resource for learning about forex trading. Aside from that, you can look into Investopedia and babypips. Best regards

Risk management is a system for dealing with potential risks associated with specific assets or markets. It contains methods and strategies for dealing with potential risk factors.

There is no best strategy that could work for a long time. Traders need to be prepared to revise and adapt with market nature. A strategy that worked in the beginning may not work during the later stages. This is due to the constant fluctuations and new opportunities that occur. Traders need to...

Hi there, welcome to the forum! Firstly, there is no specific right way to trade, you need to create your own plan, strategy and budget. Practice on a demo account once you read books or watch YouTube videos, so you can put your skills to test. Figure out the kind of trader you want to be and...

Knowledge without a doubt! I highly doubt that anyone can attain success by just using an EA without any knowledge. Robots are there to automate the process but you should be in charge of the trading process in my opinion. So, knowledge is essential whether you are a manual trader or using an EA.

I would recommend you to read this book called ‘Trading in the zone’ by Mark Douglas. It is one of the best books written on the topic of trading psychology. It helped me a lot as a beginner. Overcoming your fear is very important and you will have to do it yourself.