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Patience is an important element that allows a trader to take time to adjust oneself in understanding how to be consistent in making profitable trades in a continuously changing market environment. It allows you to sit back a bit and for the right trading setup.

EAs are the easiest way for trading but there are very few EA’s that provide desired results. An incredibly small percentage of people who attempt day trading are successful at it, and that includes people who create and buy EAs. The odds of success are still very small even when using a trading...

The best time for trading is when the London Session and the New York Session overlaps. It is from 8:00 AM -12:00 Noon GMT. This is the best time for trading EUR/USD currency pairs.

According to me, learning should be the priority for all beginners and not the profits. Once the trader has the appropriate knowledge and understanding about forex trading, he can easily manage to earn a good amount.

I’d suggest “Trading in Zone” by Mark Douglas

Risk management is a technique that is used while trading in order to avoid unnecessary losses. There are many risk management tools like stop loss and trailing stop loss. There are other techniques too that a trader uses to avoid risking unnecessarily. One should not risk more than he can...

Money management in forex trading is very important. It allows a trader to calculate his trade and decide his exact entry and exit point, and also his sl and tp values.

Just to be a professional trader a trader can start trading full time, but to be a profitable professional trader it takes a lot of time along with the hard work and dedication. The years may vary. For some it might take only 4-5 years whereas for some it might take 8-9 years depending on the...

Automated trading has its limitations. It might help in not missing out on any trading opportunities but can also deplete the whole account if the trader is not careful and alert. One needs to keep a check on the platform. On the other hand manual trading is based on the intellect of a trader...

Forex trading is a lucrative business and those who are willing to learn and take risks are the ones who can make profit from it. Also, I don’t see any problem in these trading forums. In fact it’s a wonderful place for traders to interact with each other and learn from other traders.

Most people do not find reading books worthy but in my opinion they are our true friends. Mastering Trading Psychology by Mike Baehr is my favourite book and it helped me a lot.

The major currency pairs are the best currency pairs to trade for safe profits for small accounts. They are more stable and provide high liquidity. EUR/USD and GBP/JPY are popular currency pairs among traders.