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I couldn’t agree with you more, I’ve come across an excellent thread that gives insight into different regulatory bodies that regulate fx brokers. Here’s the link to it - https://www.forexforum.co/threads/most-important-forex-regulatory-bodies.25813/#post-179868

It doesn’t really matter which forex broker I have used or am using if it doesn’t work for you. You have to find a broker that fits your trading needs. So, concentrate on that and start with your research.

Regulation has nothing to do with how good a broker would be. All they must do is fit your trading needs and that’s it.

Do check the company reputation because it will tell you a lot about how good the wallet has proved to be for traders.

Beginners may have a hard time finding the right brokers. So, it’s completely fine to go by the recommendations. If you don’t understand something about the broker, ask their customer support. The way they treat your queries will let you know whether you should stay with them or not.

I don’t believe in anything like that. A broker doesn’t really care whether you win or lose because they will get their fees either way and that’s all that matters to them. In fact, they would want that you win because if you will win, you will keep trading with them and you may even get new...

There is no one-size-fits-all strategy in forex trading.

Daily routine ensures discipline and organised behaviour which are very important for trading forex.

It’s easy to get influenced by what others have been making through trading. They may or may not be lying. But it shouldn’t matter to you. What should matter is how much you know about the market and how well you can take advantage of it.

Right learning is really important. You may find crap to read on the internet. You must be really careful about the source you choose to study from. Knowing the right thing is as important as trading at the right time.

There is only one piece of advice for newcomers: keep learning. There is no other option for you than to gain knowledge. Besides gaining knowledge, you should practice your new skills on demo accounts. Do not invest in real accounts until they thoroughly learn Forex.

Your success is determined not only by your profits but also by your losses. While you're focused on producing money, don't overlook the need of safeguarding your account. You must take reasonable risks based on your analysis and risk management plan in order to avoid incurring a loss that you...

The reason why I started forex trading is because I wanted something to do in my free time which would also help me make some money. Of course I know the risks and I have suffered losses but I love the feeling when I work hard and it reaps good profit.

So true! These gurus talk all about the lavish lifestyle of trading just to trap new traders in their scams.

Completely agree with you on this. You need to have the right mindset and psychology in order to succeed in forex. You cannot get emotional with it, nor can you be too detached. You have to find the perfect balance between the two of them and try to thrive on that. Every person is different, so...

There are a lot of good indicators out there, but not all of them will fit you. My advice is to stick to your guts, use price action, and have a good strategy.

It’s obvious that you will have to take risks when you are trading. But it doesn’t mean that these risks should go beyond your risk appetite. Just know what you can afford to lose and build your plan accordingly.

I have been in the trading business for years and I have never used a big amount to trade. I believe that it’s better to make small gains than big losses. It keeps my risks manageable and I always have enough money to trade and live my life.

I think beginners have the toughest time as everything seems so alien to them that they have to test each and everything because notions just don’t work in the forex market. Try to learn from as many sources as you can to widen your knowledge and prepare for every possible situation.

Your trading strategy is probably the most important trading tool you have. It makes it really important for you to properly research and practice your trading strategy before you start risking your money. Try your hands at as many strategies as you can and stop only when you have found the best...