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You can go to Babypips website for getting basic education on forex trading. You can also read some beginner friendly books written by professional forex traders themselves. Practical learning should be done with a demo trading account. That is the best way to develop your skills as a trader.

That’s true. Even the best strategy would fail if you are not paying attention to money management and risk management. And in the absence of emotional control you will engage in impulsive trading deviating from your original trading plan. So, trading psychology is an integral part of forex trading.

Imo, beginners forex traders can make at least 10 to 20 trades a month, one at a time. This is because the forex market is very volatile and beginners need to get used to the fluctuations. Making more trades will help them become more comfortable with the market and learn how to trade effectively.

True! Now-a-days there are so many signal providers that it has become easy for traders to depend on them. Relying on these signals does not help when it comes to trading forex in the long term.

Dedication enables you to develop self-discipline. This is crucial because it allows you to stay on track and achieve your objectives. It aids in decision making and leads to a more successful existence. To become a good trader in the long run, you must put in some devoted work to enhance your...

In my opinion, the major pairs are the best always. They’re less risky and high in liquidity, which makes it easy to earn profits. EUR/USD is the perfect pair for a beginner to start trading and also for a professional to expand his profits.

Hello there. Not sure if this was a joke or pun from the OP’s side but if it wasn’t, I hope the OP knows such a strategy does not exist. Traders must work their way through the market fluctuations, and make their own analysis to make decisions.

One strategy does not fit all currency pairs. Neither does one strategy for a pair work the same in all situations. A trader must create his own strategy with assets and tools that he thinks fits the best for his goals. The strategy should be thoroughly tested in a demo account before applying...