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Forex is an exciting market, so don’t forget to have fun. Since you’re starting to trade, begin with the major pairs. There are mainly 4 of them – EUR/USD USD/JPY GBP/USD USD/CHF Only after you have gained confidence, you can move to the minor pairs – EUR/GBP EUR/JPY GBP/JPY GBP/CAD...

Started trading with MT4. Good for beginners. Also, I agree with @Ardalan that it's good for EA. I switched to Axiory’s cTrader.... comes with many more indicators and timeframes. I like this flexibility, as I use different ones to trade different instruments. Also, I like the backtesting...

Great read. thanks for sharing. Good idea to focus on charts.... news (especially bad news) is too hyped anyway.

I had similar experience

There are many good brokers. Make sure the broker is regulated. You can usually find information on regulations in the footer of their website. After this, you can check other things like commission being charged, range of assets, tight spreads, slippage, etc. Then you can check for things like...

I use MACD, Bollinger Bands and RSI - together - this gives me an idea of the direction and how intensely the market is moving in that direction

Yes, fear of losing money is very common. Research shows that 90% of those who stop trading is because of this fear. You need to know that it is impossible to win all trades. Even the most experienced or successful traders do not win all trades. Your question about psychological courses is...

This is a really helpful list. :) To this, I'd like to add Axiory - I have been trading with them for more than a year now and things have been very smooth so far. Withdrawals are fast, and customer support is great too. They recently gave me a bonus for trading - I can trade with it or withdraw...

Agree. Breakout is also far more difficult to spot, especially for newbies.

It is best to check out the educational resources offered by your broker (provided you have chosen a good broker). Also, remember to keep practicing what you learn on your demo account. Learning by doing is a great approach. You can also choose a broker that offers bonuses and trading rewards...

Right, but it also helps to find a broker that offers initial deposit bonus as well as rewards for trading. These promotions add to your trading account and give you the flexibility to trade for longer.

Depends on what other securities your trading. Indices trading is good for hedging. Also depends on which regions you want exposure. I take 3 indices – one each from America Europe and Asia.

Gold price is touching $2K. I have switched to silver. If you want to trade precious metals, i feel silver is now better than gold.

This is a very imp choice to make. check their fees, commission, if they are using advanced technology, what level of customer support they offer, and of course if they are regulated. Always choose a regulated broker to ensure they are reliable. You can also read broker reviews online to gain...

I had researched Axiory Global some months back. Read many good reviews. High liquidity and tight spreads. Also many AI based systems. Talked to some traders also and they said customer service is excellent.