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A systematic approach towards forex is beneficial. Traders should start from learning the basic terminologies and clearing out the basic forex concepts. Start learning about various strategies and indicators and open a demo account to practise the theoretical knowledge. Doing this simultaneously...

Even though modern problems require modern solutions, one still needs to clear his basic concepts. And FYI these books do work. Opting for books is a matter of choice and comfort. All the educational material developed is based on these books.

You can try Coinexx. The highest leverage is up to 500X and withdrawals are also quick. However, they only support crypto withdrawals or deposits.

Taking the market too lightly is one of the major reasons why traders fail in the market. This often makes them not learn properly and take risks in every other trade. For a trader who wishes to become successful in forex trading, it’s important to know when to open a trade and when to sit quietly.

Learn patience because it’s surely the most important quality that will help you grow over time. It’s obviously not easy to see your money at risk but that’s how trading is done. You either put your money at risk or you don’t trade at all. It is up to you to decide what you want to do.

I started with EUR/USD because it is easy to trade and has high liquidity. More than that, EUR/USD accounts for more than 80% of everyday trades. It is also the most preferred choice for beginners, but there are other pairs available as well. However, make sure you choose pairs that have high...

With so many strategies out there, traders will obviously get confused about finding the best one. This is why they must practice all strategies they learn so that they can find the best one for them.

New traders need to be careful about what they are doing in the market. Their job doesn’t end when they close a trade. They have to learn from each trade they execute. They must analyse their performance to ensure that they take lessons from what happens in the market and how they can take...

These are surely the most common and most overlooked tips while trading forex. We often make trading complicated for us thinking that simple tricks and strategies won’t work for us. This is the biggest misconception about trading.

I use Coinexx, my experience has been good with them. Min deposit is negligibly small, you can also withdraw an amount as small as $10. I’d suggest you try them on your own with a small deposit and then make your decision.

Risk management is a plan that you build for yourself so that you don’t go beyond your risk appetite. It’s meant to show you the way in a fast-moving forex market that keeps challenging you financially and mentally. It helps you in not getting carried away with the market and doing only what is...

Although I’m still new to trading, it has changed my life in many ways. I have become more disciplined and financially independent. However, it is also challenging sometimes, especially when the market trends in the opposite direction. Overall, there has been a positive impact in my life since...

EAs are helpful when you have some hang of real trading. If you are new, then you should avoid using EAs because it can be confusing. However, you can take help from EAs once in a while to understand the complexities of trading strategies, but it is not a good trading move to completely rely on...

Nobody likes to lose! And in forex it is inevitable to avoid some losses. The cause of this fear could be because of the lack of skills or fear in general. You should identify this and learn to take risks. Start trading with a micro account and learn to become consistent. This will help you...

Happy New Year everyone! I hope this New Year proves to be profitable for all of us.

Now that depends on what you think is profitable. There are traders who make profits in some trades and lose others. There are also some traders who made many losses when they started but now make consistent profits. And then, there are traders who make a single profit and then 10 losses and...

Major pros of automated trading is that the trader does not have to sit in front of the system to trade, algorithms do it for the trader. A manual trader does not have this freedom of time and would have to sit in front of the system while trading. As a pro for manual trading this provides more...

If you could somehow learn to control your emotions, it can help you a lot while trading. Emotions like greed and anger affect your decision making ability which may result in losing your money. Most of the new traders and some experienced traders as well struggle to control their emotions.

It’s true that the profits depend on the money you put into the market. But it doesn’t mean that you should put all the money you have because you must also not forget that you don’t have a 100% chance of making money. Be thoughtful and trade with the money you don’t mind losing. You will need...

Well, that’s right! You won’t get good results with forex trading if you are not giving your 100% in the market. The market is harsh and always against you. You are your only saviour and it requires constant learning and practice. If you can cope up with the market situations and apply your...