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If you can multitask and read the charts and data simultaneously then you can go for two or three trade pairs. But too many trades may also be detrimental. Also you need to be careful of how much of your account you are risking at a time.

The fundamentals of forex trading refer to the various economic, social and political factors that can affect the supply and demand of an asset. These are extremely important in determining how prices will move. Most traders concentrate on price action (technical analysis) but neglect...

The good thing about forex trading is that you can be from any background, if you are ready to learn, you will get every chance to earn.

Your success in the forex market is not time bound, rather effort bound. You may start making profits from the very first year of your trading if you trade properly. And if you don’t, you may not even be able to make money even after 10 years in the market.

There is no comparison between the two. With a robot, you get to overcome emotional barriers and with your knowledge, you get to analyse the market every time you trade. A robot helps you take advantage of even the smallest market moves. But it’s your knowledge that helps you customise your...

You can try out Fxview. They are a regulated broker with a low minimum deposit ($5). Plus, the customer support is excellent, an important aspect for a beginner.

While you prepare yourself for making profits, prepare yourself for losses as well. The market is so unpredictable that in a blink of an eye, you will see all your trades going in the opposite direction. But when you have a risk management strategy that guides your trades, there’s nothing that...

A beginning forex trader’s career is often filled with mistakes that teach them important trading lessons that they won’t easily find in any books or videos. But if they don’t put effort into understanding what went wrong and where they need to improve, they pave the way to more losses.

I have no doubt in saying that scalping has got to offer the best and the highest returns out of all strategies out there. But it needs a trader to be highly skilled, knowledgeable, and quick to make right decisions with every price movement that takes place in the market.

Without necessary research, it will be difficult to cope with the technical and fundamental analysis when it comes to starting as a beginner. You must scan the internet and read articles or watch videos to boost your confidence. When you feel ready, start practising on a demo account, keeping in...

Forex is a good way to make money, although it may not be quick and fast money, you are able to generate profits over time. Reading and analysing the market conditions may sound tough at first, but we live in a world where information is given to us, only if we choose to grab it. To know how to...

They are all good indicators without a doubt. But for a beginner, I believe price action is better and easier to understand. Technical indicators might confuse you. If you use only one indicator, you may not get accurate information and if you use more than one, you will likely get confused.

Trade for a few times and note your frequency. Ask your friend to do the same. When you both have noted your trades for a month, you will know that both of you have been executing a different number of trades. That’s simply because you are two different people, you use different strategies, and...

I am quite sure that playing with money is not your habit. You don’t use your money every here and there without thinking about it. Right? Trading is nothing different. As you are using your money, you obviously won’t be using it just anywhere. You will properly analyse the situation and then...

It’s like asking why you should study before taking an exam! See mate, forex trading is not what you read in your books. It’s not just buying low and selling high. Taste it once and you will know what it takes to make money. With a trading plan by your side, it gets easier to stay, move, and...

Not many traders are able to make consistent profits. If there’s anyone who can, they are profitable without a doubt. You may not make profits every time but if they are more than the losses in total, you are profitable.

The beginning was quite tough. I even felt like quitting several times but I am glad that I never gave up. Going good now :)

It’s obvious that no trader would want to put their money just anywhere. They will analyse the market and come up with a money management strategy that helps them put their money in the right way. You can build rules for yourself as per your needs.

No matter which trading strategy you are using, they will fail someday for sure. This makes it important for traders to stay updated with the live market conditions so that you can make changes in your strategy as per the need. Make sure that the strategy you choose suits your preferred time frame.

New traders often try to complicate their trading strategies, maybe because they are of the mindset that simple strategies don’t get you results. However, this is not true. A simple price action strategy can work better than strategies that require technical and fundamental analysis.