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You're on the wrong path. You cannot achieve success in forex trading solely through the use of indicators and signals. You will undoubtedly require market knowledge as well as other trading skills.

Your knowledge and expertise make you an extremely good trader. Aside from that, you'll need patience, discipline, and, most importantly, a trader's mindset. These factors, when combined, can help you become a better trader.

There is no need to fork up the cash for expensive classes and guides. Everything may be found for no cost on the web. A thorough search is all that is required to identify credible sources of information. Utilize them to your advantage and get the benefits.

The EURUSD is the best choice for beginners to begin trading the forex market. It has a high trading volume which makes it comparatively safer and less prone to adverse movements. Therefore, it is suitable for small account holders.

I don’t think there is any such strategy in existence. All currency pairs behave differently depending on the volume traded, and their volatility. These two factors are again dependent on a lot of social and technical factors. Hence, currency pairs need to have a specific trading strategy. If...

Those who have knowledge and skills can make money from trading forex. Beginners need to work hard and learn to become a skilled trader in order to become profitable.

The main reason is their greed itself. They risk a lot without any strategy or plan and encounter huge losses. A forex trader should never be greedy and only aim to make consistent profits in the long run.

I started with the EUR/USD pair when I was a beginner. I still stick to the major pairs most of the time. It is better to focus on one pair at a time for a beginner. You can start with any major pair as they have more trade volume. Good luck!

First of all, open a demo account and practice well. Spare some time to read about forex and trading. You can learn online or offline. These are the things which all beginners do before opening a real account to trade. We all have learned to trade this way and I would advise you to do the same.

I completely agree with you on all the steps. This is where the success of traders depends.

Spreads are low. On major pairs it’s never more than 0.5pips.

Has anyone understood it? Please tell me what you’re trying to say.

I can say trading is my passion and also a source of income. I also feel tired and unmotivated at times but I always come back for the love of trading. You need to love what you do in order to stay consistent and grow over time.

Trading psychology is about learning to manage your emotions in a way that does not affect your trading decisions. It is easier said than done, because it is difficult to control your emotions when there is money involved. You are bound to feel fear when you risk money or feel excited when you...

Yes, EAs and indicators for forex trading do work. The fact is, they're just tools. And, like with any instrument, the outcome is determined by what it is used for and how well it is utilised. Indicators and EAs are based on live price actions (by applying mathematical calculations to the price...

Beginner traders should put greater emphasis on education. Examine a variety of publications, blogs, and videos. Watch helpful videos and put in a lot of practice time on a demo account. Keep track of your progress and develop a strategy to use on a live account.

When I started trading forex, it was just a basic interest to test how the market works and see if it’s profitable or not. Soon the challenges got me hooked up to trading, and I became more and more interested in it. Currently, if you ask me why I trade forex now, I will honestly answer that it...

I started with $500 on AAAFx. For me, any amount less than that is as good as trading on a demo account.

Do not fall for the luxurious lifestyles of so-called gurus. They are all scams. Have patience, learn everything about the market, and start experimenting.

Expecting before learning. Trading before practising. Taking shortcuts before trading. These have to be the most common new forex trader mistakes.