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I think becoming successful has a lot to do with our strategy as well. But becoming skilled enough to execute the strategy well is the first step towards success. Trading psychology is an important aspect that you must know about before you become a trader. Combining all these elements will lead...

We can never refer to any currency or currency pair as fully safe in forex trading. Still USD and the major currency pairs (pairs which have USD as base or quote currency) are less risky and more liquid. It will be ideal for a beginner to just trade one major pair until they become skilled...

For me, knowledge comes before anything else. Robots are also made by those who have knowledge. And we need some level of knowledge to use these bots or EA for making profits. You should always start by learning manual trading first.

Risk management is all you need to reduce these losses. Becoming profitable will surely take some time and you need to be patient. Setting up a good trading system that works is not an easy task. Just keep trying and try to limit your drawdown as of now.