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Trading with fear in mind is going to result in wrong decisions.Trader should get rid of his fear before trading. The only way to do it is to educate yourself because when you are well informed you are naturally more confident. You can also move to a small account and try to work on your...

Trading forex can provide an opportunity to grow your money. Learning to trade will improve your chances to have that opportunity. But it is not as simple as it requires a lot of time, discipline, patience, knowledge and skills to learn, practice and trade for profits.

Manual click trading is perfect for beginners but it is time consuming and demands active participation of the trader. Automated trading helps an expert trader to trade without getting involved actively but then there are sometimes in trading when active participation is more beneficial.

If you are finding it difficult to understand risk management through theoretical knowledge, try using a demo account to understand its working. Doing it practically will make it clearer to you rather than only studying about it. However, to get the best of it you have to treat demo account as a...

Money management helps you to manage your funds and decide the amount of money you could use for trading without risking too much. It also makes sure that you always have money left to trade again in case of a loss. It is better to prepare yourself before the trade than making a loss and then...

Assuming that you have a small account because you are a beginner, I would suggest that you trade with major currency pairs only. Major currency pairs have high liquidity and you will be comparatively safer trading them.

A forex strategy should be built by keeping profit making and controlling the risks as goals but there are more things that need to be taken care of other than profits or losses. So, there needs to be money management, psychological balance and discipline along with skills to make a strategy...