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Forex robots are limited in thinking and can’t act beyond what they are programmed to do. On the other hand, your knowledge can help you see things differently and deal with the unpredicted market situations more effectively . But that doesn’t mean bots are useless. You can use them to assist...

Without a trading plan, no trader can become successful in trading. A good trading plan ensures that you take the right steps to minimise your risks. Your trading plan should be flexible, so you can trade with ease.

It’s not a good thing to trade when you get time. You should follow a proper schedule to trade each day so that you understand the time frame you are trading in and can build your trading strategy accordingly.

With money management, you can limit your risks. You will know how much to risk per trade and how much loss you can afford to take. You can also set a maximum drawdown across your trades. It’s just money management makes trading more affordable and losses easily manageable.

Not really! Mentors will take money from you to teach you what you can learn for free. And when you have forums like these, why do you want to limit your options? You can get guidance from numerous experienced traders for your queries.

In the beginning, you will just be getting an idea of the market and how it works. A trade per day would be sufficient for you then. You will need time to analyse the market, choose an amount to trade, and again analyse the market before closing your trade. As you gain experience, you might...

Immediate profits in trading forex is not possible. Traders need to work hard on sharpening their trading skills and understanding the fundamentals of trading forex which cannot be understood overnight.

@Tshepo19 True! All want to be their own boss. And Forex trading allows a person to have financial freedom and if done efficiently, also raises the life-style.

I totally agree! Successful traders are good money managers. It allows traders to take appropriate risk while managing the downsides.

I found: “The School of Pipsology” by Babypips to be very informative and helpful. Other two best courses are Six Figure Capital ( if you are looking for a short course) and How to Trade.