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It is not easy to make huge profits with a small account. You have to increase your trading capital for that. But as you seem to be unsure about your trading skills, I feel that you must move ahead slowly so that neither you skip important points nor do you move too quickly.

I don’t get where such thoughts are coming to your mind. I never really thought about the number of trades I execute. All that matters is whether I am sticking to a trading plan or not and how much profits I am taking home by the end of the day.

Trading strategies are like your roadmap in a market that is unpredictable. You may not be correct at analysing the market. But if you can enter and exit your trades at the right time, you will be safe.

It is important to protect the trading capital before thinking of making profits. This can be done by: Using a strict Risk management strategy Do not use your emotions in trading Start small Avoid trading if risks are more than 2% of the trading capital

Imo, there is no requirement for you to enroll in a trading school, either on the internet or in person. The internet is home to a vast ocean of information that can be of assistance to individuals who are interested in the foreign exchange market or trading. If you are interested in acquiring...

Gaining knowledge and honing one's skills is essential to being successful in trading. learn new things constantly. It will help you to become a better trader.

Very informative post indeed. All the points covered are accurate and to the point. Indeed a trading plan is very important for traders as they help to calculate risks and also help in making other decisions as well. However, sticking to a certain plan is difficult but you must control your...

Dedication is one of the most important things while trading forex. If you can’t be dedicated then forex trading is not for you at all. I know learning trading can be tedious at times but once you go through all the learning and start trading profitably it’s all worth it in the end. However...

To be a profitable trader: Never stop learning. Do not underestimate the power of practicing on a demo account. Keep discipline. Keep your emotions away. Make realistic goals. Learn from mistakes and rectify them.

The best time for trading can be predicted based on the currency pairs one is trading. It depends on what currency pair you are trading with.

Imo, the best time for trading is when the currency pair you are trading has right volatility and offers high liquidity.

The main reason for trading forex is the limitless possibility of making profits that it offers.

Trading psychology is basically meant to prepare your mind for trading, risks, profits, and losses. While trading, you will always be making predictions and there’s no guarantee how correct they will turn out to be. So, it’s best to be prepared for every outcome that is possible.

It’s too common for new traders to get distracted from their trading plans because the market seems to be offering several money-making opportunities. But without analysing the market, you will end up taking an unnecessary risk. So, better stick to your trading plan so that you are only making...