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Thank you for these valuable tips! Many traders do not test their strategies enough and leave a strategy earlier than they should. Without testing in different scenarios, a trader can never judge whether a strategy works or not.

As of right now, I have not given it a go. However, you shouldn't put all your faith in these programmes and automated systems. They aren't always right about everything. The best course of action is to become familiar with manual trading.

There is no foolproof strategy that will ensure success. Traders should routinely assess whether or not their strategy is yielding the desired results. However I like trend trading strategies and it is profitable for me as well.

Traders who lose focus. This focus can be the focus on the market or focus on themselves. Focus on their trading strategies, focus on their trading plan, etc. While focusing on the market, a trader should know their capital, their strategies, risk-reward ratio, leverage, etc. Education helps in...

You have to be patient in the learning phase; you have to learn how to trade forex. And when you are learning, learn with focus and energy. After that, practice on a demo account. And keep on learning and practicing until you gain confidence to trade live. In this way, you become your own...

The best thing to do would be to try them yourself. Try to get a hold of the earlier signals generated by the signal provided and test them against the historical data or graphs for the currency. This way you will find out how accurate the signals were and decide whether you can trust the...

Dedication is something that some traders are blessed with. They have the ability to start and finish something. Some traders with a limited attention span, on the other hand, find it difficult to devote themselves to trading. As a result, before entering the market, every trader should be...

Some of the best brokers that I know are turnkeyforex, eaglefx, fxglory and lqdfx. These brokers offer lower spreads and commissions which is going to be quite useful. You can check them out.

It totally depends from trader to trader.I personally like forex trading because it is more profitable than binary trading and offers much more potential opportunities.

I think moving average, RSI, Price action is the best forex strategy but you must follow proper risk management.

For short-term traders, technical analysis is crucial. Traders use charts to analyze the market, allowing them to identify the proper trend and manage risk in their plans. Technical and fundamental analysis are essential skills for each trader.

Thank you for providing such interesting info. All of these things, in my opinion, are essential for beginner traders just starting out in the industry, as they can help them avoid costly mistakes and save money. Of course, each trader must acquire his or her own experience, but it is far more...

These books act as a great segway into the world of forex. They are detailed and the best out there for beginners who know nothing about the market. You want to build a good foundation? Read these! Good luck.

Trading psychology is related to how a trader deals with emotions. Many newbies suffer from losing or missing out which leads to rash decisions and unplanned moves that increases risk double than resting levels. Trading psychology can draw an entire outline on the future of the trader's journey...

Risk management is very important and can almost be the reason for your success or failure in the forex market. Using risk management strategies, you can minimize your losses in trades that don’t go in your favor, thus leaving you with capital to trade further.

I love trading but I don’t think it loves me. Whenever I think that I am making consistent profits, a train of losses begins. But it’s fun!

Eur/usd has always been my favorite but recently I’ve started experimenting with other pairs as well because of the tight spreads on turnkeyforex.

Go through the education material you found online. It’s enough for a newbie to start. Consider demo trading for a while to get some practical knowledge. But don’t set any expectations until you make a few trades in the live market.

If you are an experienced trader, forex would be about both- robots and knowledge. But if you are a newbie, it has to be about knowledge because you are yet to get well-versed with the market uncertainties.

Because without a trading plan, you will be completely lost in the forex market. The market is always moving and you may not know what needs to be done in a certain situation. but if you follow your trading plan, you won’t lose more than you are prepared for.