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The only mantra I have followed my entire trading career is not to follow another trader blindly. I have always been self-motivated and this has somehow worked a lot for me in my trading career. This is what I would like to recommend to new traders also. Stick to your plan and believe in...

I believe that beginners are the most dangerous traders. They are so zealous to make profits that they don’t necessarily pay attention to learning properly and analysing the market. All they do is look for shortcuts and get caught up in scams. They must learn to take baby steps in the beginning...

Imo, beginners should go for regulated brokers. Fxpro, aaafx, ic markets and xm are a few good options that you can check out.

In general, to achieve anything in life, passion and dedication has to be part of the equation if you actually want to succeed. Likewise, trying to stay updated with the latest news and events, learning new skills, being patient while also putting in effort to receive maximum profit can define...

Hard work and continuously trying to improve your skills is important if you want to be profitable in a market that fluctuates constantly. Finding a strategy that brings in consistent profit and making it work by picking the right trend or opportunity is necessary. Maintain a journal to avoid...

There are no such things as "best" or "worst" times. All that is relevant for successful trading is deep knowledge and a good strategy and the currency pair trader is trading. If you do not spend your money strategically, you will get a loss no matter what time it is.

Learn all the basics of forex trading. The Internet is full of resources. You can find thousands of good articles, blogs, videos, and tutorials. Practical knowledge is more important. Learn by doing. Start a demo account. Practice as much as you can and gain confidence. Remain updated with the...

Currency trading is distinct in that it is open 24 hours a day. The week begins on Sunday at 5 p.m. EST and ends on Friday at 5 p.m. EST. Not every hour of the day is ideal for trading. When the market is extremely active, it is the optimum moment to trade, which is usually the overlappy of US...

Never place unrealistic expectations on the market. Because forex trading is so profitable, everyone believes they will be able to make a lot of money with it. As a result, they frequently take large risks and suffer significant losses. Simply spend some time learning about the market before...

Money management is regarded to be the most important aspect of all trading strategies. It helps you to reduce risk by increasing or decreasing the position size. The risk-reward ratio and the 2 percent rule of trading are the greatest ways to manage money in trading

Price action trading is understanding price movement with the help of charts and candlesticks. On the other hand, indicator trading is understanding price movement while applying certain indicators by some mathematical formulas. Price action is better than indicators because it takes the same...

Here’s what I follow 1. Choose the “right” broker - The most important tip for forex trading is selecting the right broker. Your broker should be trustworthy, offer good conditions, and provide 24/7 customer support. 2. Strategy is the key - The second important tip for forex trading requires...

Money management is the key to success in forex trading. You can’t control the market, but you can control yourself and your money.It is almost as important as the trend and can be the deciding factor between profit and loss. It is all about the discipline of money management that tells whether...

I think you need to determine your goal in trading before you go ahead. Do you want to make money in the short term or you can wait longer for bigger rewards?

I started trading forex for the following reasons: The market is open for business 24 hours a day, five days a week. This gave me the freedom to trade whenever I wanted. It is an additional source of income for me. Because of the market's tremendous volatility, there are several opportunities...

It varies from trader to trader since every trader has his/her own financial goals. Moreover, how much you should trade also depends on your skill sets and investments. Make sure you don’t overtrade. New traders should trade 1-2 trades daily and give more time to learning and analysis. .

Forex trading is not so simple. So, it is necessary to have a plan before starting trading because a full proof plan will help us to determine whether we are heading toward the right decision or not. It will also provide us some predictions about entry or exit point and stop losses implementation.

There are several scalping strategies. Every strategy has its own values and limitations. However, in my perspective Relative Strength Index(RSI) strategy is best due to easy formulas for calculation and analysis of market trends.

There is no end to learning, at every moment we learn new things. However, for a profitable beginning of forex trading, a newbie has to study for a complete year. Most people join courses for a few months but they should also practise for more time.