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Before looking for a broker, you should know what you expect from one. There are brokers with different deposit requirements and trading conditions, so you must have a look at all these things before selecting a broker.

There is no best broker, there is only a successful/unsuccessful trading strategy. As long as the broker is providing good trading conditions, it is good.

Start small, learn new strategies, and always avoid taking more than 2% risk. Good luck!

There is no best trading strategy. Once you backtest different kinds, you select the one that suits your personal goal and will bring in potential profit. It is important to not follow others' ideas as a beginner. Use your skills, and find out which is the best one for you.

Technical analysis is important for short term traders. Traders analyse the market using charts, they’ll be able to pick the right trend and control the risk level in their strategies. Every trader must have basic knowledge of technical and fundamental analysis.

If you are interested in trading forex, it is important to know the basics. You can learn about forex trading more by actually trading it rather than reading books. Alternatively, start trading in a demo account and learn a few strategies.

3 common mistakes that forex traders often make are: 1.Trading without any plan or strategy. 2.Not keeping track of their trades and losses. 3.Not having a set stop loss strategy in place.

The emotions and state of mind are important factors that contribute to the trading success or failure. Trading psychology is a term that describes several characteristics of a person's personality and behavior that influence their trading decisions.

The greatest approach to reducing hazards is through risk management. Because the foreign exchange market is so volatile, risk management tools such as stop-loss and trailing stop-loss are essential. Limited orders are also preferred by traders to reduce slippage, which is caused by market...

There's nothing better than forex trading if you want to make a lot of money sans working under someone else and doing everything on your own time and at your own place. You may make as much as you want by understanding the skill of buying and selling at the correct moment. Learning this talent...

The most essential thing I learned when trading FX was that even simple strategies can yield good results. The more challenging ones create confusion and eventually lose. It's only a matter of figuring out how to make the most of your trading strategy.

Here are a few tips to make forex trading profitable. Always use a trading system. A system can provide psychological and market support to help you stay in the game. Never get emotional. Never chase the market. Focus on your trading system. Always keep your stops in place. Take small...

The most important thing in forex trading is having a trading plan. It tells you when to buy, when to sell, when to cut your losses, and when to protect your profits. Having a trading plan takes away the guesswork that is inherent in forex trading. It helps you manage your trades effectively so...

A trading strategy is essential for a trader since it systemizes the entire trade, which is critical for long-term success.

Yes, forex trading can make you rich, but you'll need to put in a lot of effort and place a greater emphasis on learning than on results. Because of greed, the majority of forex traders lose money. The extent to which you can go is also determined by your trading methods and experience.

The forex trading market is open 24 hrs for 5 days a week. You can trade any time and from anywhere according to your preference. Choose the time that suits you the best according to your geolocation.

Trading in zone by Mark Douglas, Trading Price Action Trends by Al Brooks, Currency Trading For Dummies by Brian Dolan and Kathleen Brook, Japanese candlestick charting techniques by Steve Nison, Ultimate Price Action Trading Guide by Atanas Matov, and The Black Swan by Nicholas Taleb are some...