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The good thing about forex trading is that a trader can make his own choices. He doesn’t need to follow a strict plan of action and so can decide how much to put at risk. This gives traders enough space to build their risk management strategy that can further help them in making the right use of...

I am a dedicated trader whenever I am trading. I have built a daily schedule and have been following it properly. I don’t let any distractions hamper my trading decisions.

Yes I’ve made profits. However, copying professional traders doesn’t mean that you will never lose. As I’ve diversified my funds to different traders, it has significantly reduced my risk.

I like forex trading the most. I have been doing that for years and have traded different currency pairs so far. But as risk management is also important, I am studying crypto trading to diversify my funds. But I am not interested in binary options at all as they are risky.

The breakout trading strategy is one of the best strategies. It applies to all styles and types of trading, irrespective of the timeframe or capital you are investing. Anyhow, a trader should select a strategy on his own and make his customised trading plans. Depending on suggestions from...

Traders often go through emotions like fear, greed, frustration, hope, regret, overconfidence, etc. But successful traders know how not to let their emotions ruin their trades which is the real meaning of trading psychology. To improve your trading psychology, you will have to work on reducing...

When you start to trade forex, focus on building a solid trading strategy that doesn’t require you to keep a check around the clock. It might take some time for you to come up with such a trading system but it’s completely fine. Until then, you can try out as many strategies as you can to get an...

Well it depends on how well you can manage them. Moreover, if you don’t have a proper risk management strategy then there is a risk of failure. As a beginner I would just focus on making one trade profitable.

It is. Although I don’t have any experience with EAs, copy trading can be an option if you are not able to give time for trading. I’ve been doing it on zulutrade alongside my 9-5 job for almost two years now.

Forex trading is exchanging international currencies in order to earn profits. Forex trading is the most liquid market and is open 24 hrs a day for 5 days a week. You can trade any currency pair that too from your desired location and timing. Forex trading mostly works in the concept of buying...

Learning from someone who already has knowledge but it is very difficult for someone who is genuine. With the increasing number of scams, I can’t trust anyone on this except for myself.

In my opinion, money management is a defensive strategy that allows traders to manage their funds in such a way that even if they lose one trade they still have other opportunities to make profits. Managing money means dividing funds in such a way that a trader does not lose all his entire funds...

In order to grow a small account that quickly, you would have to sacrifice everything else in your life. No social life, little sleep, and no communication. This is unhealthy and should heavily be avoided.

As a new trader I made many mistakes and even faced some losses and I would suggest other traders not to do those mistakes. Those mistakes are: Being too impatient Positioning large lot Not giving importance to analysis

To become profitable you may have to face initial challenges and losses. But if you hold on and try to learn and improve then you can definitely become profitable.

You need to start with small things to understand the market. As you get to know more and more about the market , you can further expand your profile. You need to continuously improve yourself in the process in order to become more efficient and profitable. So, in the end, the key is effort and...

Here is my opinion on what are the three common mistakes that forex traders usually make - 1. Not trading at the time when more than one of the four major Exchanges in the world are open 2. Aggressive over trading after a trader makes a loss, it mostly makes you lose again and again. 3...

Ofcourse, forex trading is not a scam. But the way it is portrayed on social media by fake rich influences people negatively. These influencers will make you believe that trading forex has turned them into billionaires in their 20s-30s. The story and growth of real forex traders are nowhere near...

In my opinion, top three tips for forex trading are: Learning & practising to the core. Never ever letting emotions like greed and fear ruin your trading career. Use of proper risk & money management skills and always being ready for failures.

Risk management is one of the most important aspects of forex trading. Without proper risk management, a trader will eventually lose all of his money. Successful traders protect their capital first, and then make their profits.