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These fake gurus have surely made trading a big issue. We can’t stop scams from doing their job but we can definitely make up our minds that no shortcut is going to work and we better do the hard work to reach our trading goals.

Robots do work but not in all situations. In some situations, only you can find a way out of trouble. Where the robot will only be following the set instructions, it won’t be able to judge situations and this may result in unwanted losses.

I prefer trading forex as I find it more profitable than binary and safer than cryptocurrency. Binary trading is ideal for risk-averse traders because it offers fixed risks and profits. Cryptocurrency has higher payouts than binary options on occasion, but it is more complicated and riskier.

If you're a beginner, start with one to learn more about live trading, and then after mastering the currency pair you can switch to another pair. Newbies should always start trading with one of the major currency pairs as they offer high liquidity and are less volatile.

It's not the forex market that's difficult, but the way people approach trading with it. There are 5 basic things that successful traders do, while most of the unsuccessful ones don't do them. They are: 1) Learn how to trade 2) set your goals right 3) find the right mentor 4) develop good...

That’s because the bot does not always work. You can trade manually and see what the results are. Try to change the methods to get the desired results.

Trading strategy is a plan of action that a trader would follow to choose and execute profitable trades. The strategy can either be short term or long term. Scalping and day trading are short term strategies which involve entering and exiting multiple trades a day for quick profits from small...

Trading psychology is about how we balance our emotions so that it does not hinder the decision making process. Humans are always driven by their emotions and feelings while forex trading is a profession that requires being rational and logical. That’s why the concept of trading psychology was...

Forex robots can certainly do things that a human cannot do. They can be programmed to monitor multiple currency pairs at the same time and execute trades based on certain algorithms. They are not going to be influenced by emotions but we humans have to deal with emotions effectively for...

It is recommended to start with just one currency pair and the best one for beginning 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 their value. Another option is GBP/USD which has a similar...

If you aim to be a successful trader, you can't stop learning new things. Successful traders have one thing in common: They are always learning and improving their skills. There is a great deal of information that can be found on the internet. You can use it to your advantage. Real knowledge...

A beginner can become a real trader by simply following these steps. Read blogs, articles, and books related to forex trading. Own a demo account and start practising. Analyse the market and test various strategies on a demo account. Record your progress. Move to a live account and start real...

Before you jump in headfirst to the fast-paced world of forex, you'll need to know the currency pairs that trade most often. Traders have the luxury of highly leveraged trading with lower margin requirements than in forex markets. I personally don’t think that there is anything like the best or...

No matter how many tips we give you here, if you aren't going to follow them properly it will be of no use at all. I will just tell you to always be ready for challenges. In this highly volatile market we can never say what will happen next so you must be prepared. We all lose at some point of...

When I was a beginner, “A Three Dimensional Approach to Forex Trading” by Anna Coulling and “Technical Analysis For Dummies” by Barbara Rockefeller were an absolute saviour. For aspiring forex tradersIf you aspire to become a full-time forex trader, these two books are for you. Even if your...

Well every trader has different learning capabilities and hence the time varies. It took me 2 years to learn forex properly and on an average it takes 1-2 years to learn forex. Actually you can gain theoretical knowledge in about 5-6 months but practising takes much more time ahead. It totally...

You need to learn first before starting trading. Research and find out the best resources that can help you learn. There are plenty of sources available these days. Once you have learned enough, start to practise on a demo account and start learning the skills like risk management, money...

There is no right or wrong answer to this question. Both are important. I’d say that education, practice, learning and implementation is the key to successful forex trading. What works for one might not work for you.

Of course I love trading and that is why I do it. When I was a beginner I used to find trading tedious and stressful but now when I have the idea and understanding of the market I absolutely love it.

The forex market has four trading zones and you must choose the time zone according to the currency pair you’re trading. You can trade any time 24 hours a day for five days a week but the best time to trade is when the market is the most liquid. The London and NY sessions offer the highest...