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I think safe is the wrong way to look at it. None are "safe" but the one you understand and have studied the most is likely the best one to trade on.

And then quickly have you stops run? What are you basing direction on following the news as more often than not news causes price to whipsaw and take a swipe at both sides of the market. Fundamentals are very important but when blended with and understanding of where price might want to visit...

People who really make money trading aren't out there with the gold chains and expensive cars because the chances are that in order to get to a point where they can trade well they have understood money well. And people who understand money well by and large invest it into assets on the quiet...

There is a catch more often than not. Look at the T&Cs. You'll find it's something like the matched amount has to be rolled over like 15 lots or something and let's face it if you are looking for bonuses to boost your deposit then you're not or shouldn't be placing my bigger than 0.1 lot size...

If you can still take 1% risk given the minimum lot size you can place then account size makes little difference. Think less in $ and more in %

It is worth knowing the ranges that you are trading in and where price currently sits in that range. If you are close to the top of a range I would suggest buying might not be value as it represents premium pricing for example.

The one that actually adds value to your analysis and helps you to spot decent high probability trades. I use none of them, some will use most of them and most will be somewhere in the middle.

It's very fast paced but being a beginner has less to do with it vs whether you even have the time to be a scalper as it is more time intensive than higher time frame trading.

So you opted to do something you have even less control over? Also trading takes time because it is so multi-facetted. Once you learn theory you then have to work out a strategy that works for you and be able to execute it. THEN you have to deal with your inner demons that stop you trading...

Manual trading for me is more fulfilling. I think seeking to use EAs too quickly shows an unwillingness to submit to the time it takes to learn how to properly trade.

The fact you are looking for a "powerful indicator" tells me what you're really looking for is a shortcut at the expense of learning to read price properly. I'll save you time - there are no shortcuts. Even if you do you indicators, they can only lend support to an idea, not be the basis of it.

In my opinion the time you will end up spending tinkering with a bot and interfering means it will end up being quite actively involved anyway and not the passive income vehicle people imagine they are. As such having used bots I decided to cut out the middle man and learn to do it manually and...

I really enjoy the challenge of it. The challenge of learning a skill and understanding how various factors come together to dictate price.

Any new system should be tested on demo before a live account. Too many are in a rush to make money which is ironic as it often leads to the opposite

There is no "best" strategy and gurus selling this as something that exists is the biggest con in trading. The truth is that each trader will have their own strategy that they formulate over years of trial and error. As such signal services and copy trading don't work either. You have to be...

Forex trading can lead to making money but focus on this element often blinds traders into thinking it is easy to do when the opposite is true. End of the day it is a skill that must be learned and developed. Prop firms can help with capital acquisition now so that's not so much of an issue if...

Failure to understand that it is a business and skill that needs to be learned and developed over years with practice and discipline.

Trading psychology is probably what makes trading one of the toughest businesses in the world. We are often our own worst enemy when it comes to money and this trait is magnified when trading.

This ultimately how most people will trade the markets. Other ways include trading on spreadbetting accounts which in countries like the UK is tax free.

In it's basic form you have to understand that this is a probability game. Therefore you WILL lose. It's just a part of the process. So therefore how often can you afford to have consecutive losses and keep your account intact. Utilising a 1% SL means you can have 99% consecutive losses and...