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There is no point in wasting your time on finding the right number of trades that you must execute per month or per day. Trades happen as per your requirements, availability, skills, and most importantly, your strategies.

When you start, you may have to use strategies that are being used by other traders because of lack of experience and knowledge. But if you don’t work on your strategy even after gaining experience, you will get eliminated by the market. You must align your strategy in accordance with the...

There is no magic formula for success in forex trading. To learn and understand the market, all you need is hard work and dedication.

To become a successful trader, you must first learn about the market and currencies. Make sure you understand the fundamentals of currency trading before diving into the vast ocean of currencies.

The EURUSD is by far the safest currency pair to make profits from, for a small account. It is a major pair with high liquidity and low exchange rates, thereby offering lower spreads. Any beginner trader has this pair as their target pair.

All pairs are good for trading and it depends on your trading strategy and preferences what type of trading you prefer. The best one for beginners is EUR/USD as it has the smallest spread and there is a lot of information and analysis available on these currencies to make sound predictions on...

It's best to focus on a few rather than a lot. But you can trade as many as you are able to watch. Though it’s best to focus on a few rather than a lot. If you have too many trades you may want to set a price you want them to close to, in this way you don’t need to keep watching them. But bear...

I have never tried using any account manager since I am much more into manual trading myself, but If you are not ready to manage your account on your own, why don’t you try copying traders on zulutrade, etoro or other copy trading platforms.

A trading plan is a basic necessity of your trading career. As your goal will obviously be to move ahead, you will need to have something in your hands that you can follow. It will also help you track your performance and make changes to your trading techniques if they don't work well.

Instead of merely reading what other traders’ experience has been like, you must build your own experience. You can start by taking small steps in the forex market and when you feel that you are gaining expertise and confidence, go ahead with your trades.

I do a lot of research before selecting a currency pair for trade like I see the trends of the past. The next thing I do is to pick those currency pairs that behave similar to past trends. This is the most important step to match a particular pair with a trend. After picking up the currency...

Most of the traders in the world want to be successful and make a lot of money with trading. But to achieve that goal, you will have to work really hard. While Forex is an exciting and lucrative financial market, to make steady profits and grow your trading account you need a deep understanding...

One of the major hurdles for the newbies which could add to their risk is the general lack of knowledge as well as experience of the forex market. It's advisable to get a good understanding of the market's fundamentals. Assess the capital at hand, research the markets and currency pairs which...

Depending on your commitment, it can take a few months to several years. In my case, it took me nearly 2 years. Now that I have enough knowledge to actually survive in the forex market. But, there is no formula to measure how long it will take to learn forex trading. Every second in forex...

It’s okay not to know everything. But it’s not okay to be satisfied with only what you know. You must keep exploring the market to find new challenges and become a part of them. The goal should be trading for a long term.

Learning is a part of your trading career. You must never stop gaining knowledge even when you have started to make consistent profits. There is always a chance of improvement and you will be able to improve only if you don’t become overconfident with time.

Yes, I have been having a great time trading. In fact, it’s a continuous roller coaster ride that is keeping it interesting. I have learnt to accept my losses and try my best not to repeat my mistakes.

You can do wonders if you can make use of your knowledge and robots together. Where a robot will save you from emotional trading and will execute trades that would have been difficult otherwise, your knowledge will help you keep track of your robot’s performance so that you know when to stop it.

The one and only and the golden tip that helped me to succeed in forex trading is - PATIENCE! Yes, patience is the key I feel, you need immense patience and consistency for learning fx or be a pro at it.

Dedication is key. I am very dedicated to my trading strategies and I keep myself updated with news as well. I am almost 24x5 into trading without taking many long breaks and it’s been 2 years. I’ve had several ups and downs, yet I’m hanging onto it because I know it takes time to become...