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There are several books that you can read. Here is the list of books: 1.) Japanese Candlestick Charting Techniques, by Steve Nison 2.) Forex Trading: The Basics Explained in Simple Terms, by Jim Brown 3.) Trend Following by Michael Covel

There is no one-size-fits-all formula or strategy for making money in forex trading; instead, you must experiment with a variety of approaches in order to achieve success. Practice can also help you learn about different situations, so if you ever find yourself in the same situation again...

Hello there, first of all I appreciate your interest in learning to trade. But you don’t really need someone else to teach you that. I believe most of us started trading after self study since there are a lot of free learning resources on the internet. There is a lot to learn and know about...

Both have their pros and cons and each trader can choose the one that’s best for them as per their convenience. I think the best thing to do is striking a balance between manual trading and automated trading. Use the automated systems when they are necessary but make crucial decisions manually...

Trading Forex is a cyclic process. There are times when the market is trending. And then there are times when it's consolidating. Before you trade Forex, you must determine when the market is trending and when it's consolidating. The best thing to do is to start trading the Forex market when it...

If you don’t want your broker to act against you, look for two things: Regulation, and ECN execution. Some popular trader friendly brokers that I know are Fxview and HotForex. You can consider them!

The main reason people trade forex is to make money. Social trading is also a significant reason why people trade in forex. It's one thing to make money, but it's another thing to learn how to make money while enjoying what you're doing. For this reason, people trade forex because they enjoy it...

Profitable traders are too busy finding trading opportunities. They don’t keep their cameras on all the time to waste their time. The ones you see on social media are either paid by brokers or will ask for money from you. So, just be careful!

For anyone heading on to become a forex trader, it’s important to know that your choices define the type of trader you are. The choices may range from choosing the right broker, strategy, currency pair, leverage, an amount to trade, time to trade, and even deciding when not to trade. So, build...

You better don’t try to do that. It would put your money at unmanageable risks. Take plenty of time to understand how the market works and when you should work on increasing your trading amount. Don’t try to rush things as it may prove costly for you.

The basic concept of forex trading is to buy low and sell high. When you buy a currency pair at the lowest price you can and sell it at the highest price you can, you tend to make a profit. You have to analyse the market using either price action or technical indicators to ensure that you...

I am profitable but I am not rich. If you too are making consistent profits through forex trading, don’t hesitate to call yourself a profitable trader. You are doing far better than most traders across the globe.

Of course, I do! That’s what has kept me trading for so long. It gets frustrating sometimes like the love of my life (Lol) but as it is profitable most times, I can’t think of having a career without trading as a source of income.

Fxview, Fxpro and IC markets are all good options but cost wise, I prefer Fxview more. It’s better if you can do your own research and see which broker is suitable for your trading style.

Follow simple strategies that you understand. Build your own trading plan. Make a habit of testing your moves before putting your money at risk. Don’t be afraid of taking chances. Explore the market to stay updated and get better.

Profitable traders never stop. They make profits and use them to trade again. They make losses and analyse their trades to check what went wrong so that they can avoid the same mistake in the future. They keep learning, trading, and improving along the way because there’s literally no...

I have to admit that I started because of peer pressure but now that it has become a part of my life and income obviously. I love to trade forex.

My belief is not different from other traders over here. Newbies should refrain from using EAs until they have gained market experience and can judge the performance of the EA. Trade manually to know the ins and outs of the market so that you can run your EA profitably.

Well, that should depend on the trading system you are following and the time frames you are looking at. Don’t decide on a specific number to trade. Just make sure that you stick to your plan, make use of your calculated entry and exit points, and stop loss and take profit. Honestly, I don’t...

In spite of knowing how important money management is while trading, not many traders practice it in real life. The only reason for this that I can think of is it being a monotonous task, where traders have to continuously monitor their trades. These traders need to know that there are no...