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Of course I love what I’m doing! It is important for every trader to enjoy trading and keep a positive and progressive mindset.

Some of the tips that have helped me to become a better trader- 1)Always learn from your trades and do backtesting. 2)Keep a trading journal 3)Assign a proper risk and reward ratio to your trades. 4)Take small risks for every trade. 5) Do not ignore your emotions. 5)Have proper risk...

This is because every trader traders differently. Short-term traders trade for short time frames, so they can make quick profits. The most common in this category are scalpers, who trade from seconds to a few minutes. Traders take low risk in short-term trading and have to take 3-5 trades to...

Your risk and money management is as important as your trading strategy and technical analysis skills. Traders should take risks that they’re willing to lose because forex doesn’t guarantee 100% success. Traders should also use strict trading rules in order to minimise losses.

Anything that isn’t too loud and doesn't divert my focus from trading. I’m not a big fan of music while trading.

The reason why traders rely on demo trading is because it is risk free. You can trade however you like and as much as you can with demo trading. You can create your strategy and choose the trading style that works for you. All new traders should do demo trading before starting with live trading.

For that, traders need to be proficient in technical analysis. There are indicators that can help traders identify that. For example, ATR and support and resistance indicators are helpful in this case.

Well said! No strategy guarantees 100% success. Traders need to trade with calculated risks. It is better to always try out a new strategy on a demo account first and then use it on live.

Mentors can be very helpful for new traders because they can reduce the learning time period. However, finding a good mentor is very difficult in this market. Therefore, be cautious about scammers.

Start with babypips. It’s a free course where you learn the basics of forex and begin demo trading. I wouldn’t recommend trading with robots initially. You can start with simple strategies like support and resistance.

Indeed! Forex is a long-term thing. You can’t have rewards without risks.Traders need to come with real goals. Therefore, learn how forex works before checking out how to start forex trading. People have a lot of misconceptions regarding this because of how it is displayed on social media and...

There are no best pairs. But some are more volatile than the others. To make profits, you should choose pairs that are more liquid and less volatile. For example, EUR/US is a good pair because most of the trades take place in this pair. Major pairs are good to trade because of their liquidity...

It’s a very subjective question. All traders trade with their own strategies. Your success also depends on if you are learning something from your trades. Therefore, backtesting is very important for traders to develop consistency.

Learning trading is a continuous process. If you are talking about learning its basics, then it doesn’t take much time. However, developing your analysis, creating your own strategies, and controlling emotions comes with time. For that you need to continuously backtest and learn from your trades.

Not sure about that! It’s difficult to find a good forex mentor. You can learn trading by yourself. You can start from Youtube and Babypips. Good Luck!

You can check out the following Youtube channels- 1) Karen Foo 2) No Nonsense Forex 3) The trading channel 4) Rayner Teo

@Dora_WalletInvestor Exactly!Everything is online. We don’t need to spend money on paid courses or school.