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Risk management is the art of not losing more than you can afford to. As a forex trader, you are bound to lose your money. But with your risk management strategy, you learn which risks to take and which ones to avoid.

With so many content creators out there, wrong information about forex trading is also being shared. So, I believe when you study a new chapter, you must study it from different sources so that you are sure about everything you are learning. Also, keep practising while learning to clear your doubts.

No matter how old this post is, the tips are still important and must be followed with due diligence. It’s great that you have got money to trade but it doesn’t mean that you must put it anywhere you want. You must be thoughtful about the moves you make. So, money management is an important...

Without a trading strategy, you can only expect to lose your hard-earned money. If you aim to win and are a wise trader, there is no chance that you will lose your hard-earned money without any strategy. Trading strategy is a method that is used to buy and sell currencies.

Success needs a plan. If you want to do forex trading successfully, then you will also need a plan to execute and achieve the desired results. Do not forget that the foreign exchange market is highly volatile and risky. Blindly putting your money into the market and expecting a profit is nothing...

The best time to trade can differ based on whether you want calm market conditions or volatile swings to make profits. Personally I prefer the timing when London and Newyork markets overlap as the liquidity is optimum at that time and the market doesn’t fluctuate wildly.

As per my opinion, here are 3 common mistakes every forex trader makes at least once in trading - Choosing a currency pair, and entering a trade without analysing the market movements Keeping a trade open over the weekend when the market closes down - this increases the chances of losing the...

You can link your mt4 account to zulutrade , try it

Forex is all about knowledge - gaining knowledge about how the market works, gaining knowledge about what are the present market movements and analysing it to predict its statistics in the future. Many times human predictions can be wrong, and it is okay because “we are not robots.” But here’s...

School of pipsology- it’s free and shares all the information that you need to start your trading career. You can also ask your queries on the babypips forum.

Start with one thing at a time otherwise, you will confuse yourself. Firstly, go through the basics and then learn technical analysis. It’s not important to learn to use bots when you are just starting out. You will learn that with time.

For the money. Traders trade in forex to generate an alternative income. Forex isn't for everyone but it is exciting and informative. It requires a lot of patience and commitment.

Absolutely, it can be a rocky road indeed but with the right risk management, skill and experience and patience. You can be rich.

Yes! Without a doubt, it's one of my favourite things in the world. It's convenient, fast, makes me happy and of course financially independent. I would definitely recommend trading to any and all people.

I personally prefer manual trading, since, like another commenter said, automatic trading is much more adept if the market has zero fluctuations, since it's a program, and that isn’t possible.

Dedication in forex trading is a must for every trader, especially for those who are trading in live accounts. Consistency and dedication is the key to success. If you’re not dedicated enough, you won’t be able to earn profits here. But, dedication is not enough, you need trading skills...

To trade efficiently the first thing you have to do is learn as much as you can. After you’ve cleared your basic concepts you need to open a demo account and trade in it. Proper experience, knowledge, strategy, money & risk management skills, fundamental and technical knowledge, and a lot of...

Well as a beginner your prime focus should be learning. Learn and gather knowledge as much as you can before entering trading. Once you're confident about your knowledge start trading in a demo account. Demo accounts are a total saviour in the forex trading market and not only they teach you...

5 best success mantra for a successful trading career is a wholesome combination of Trading Skills, Knowledge, Consistency, Discipline, and a lot of Patience.

To become a successful trader, you must have the right mindset. You must be open to learning from all the sources you come across, regardless of how well you think you have already learned. Also, keep track of all your trades with a trading journal so that you know where you need to improve.