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There is no such strategy. You will have to practice on a demo and find out for yourself. Everyone has a different style of trading and approaching the market so you need to be careful and manage risk to your appetite and budget. Good luck!

The answer to your question is simply it depends on your location and the Time the market is most active in your area. Check it out and make a decision. Rely on your own knowledge to get you ahead.

I haven’t subscribed to forex signals. Instead, I copy professional traders on Zulutrade. Really a good one!

You can lose money easily if you don’t follow a plan and pick the right opportunity that has potential to match your goals. Many newbies fail to keep the focus on the end goal and often get distracted with quick money making techniques. Hence, stay on track by being organised and disciplined...

Hello, a warm welcome to this forum! Hope you achieve what you wish to! Good luck.

Beginners should opt for major pairs as they are more liquid and stable than the cross pairs and exotics. A currency pair that varies rather reliably but isn't overly volatile is what you're looking for. You should choose EUR/USD, in my opinion. The pair has moderate volatility and good...

Keeping track is important because they give us a clear picture of the recent trends. If you are an efficient chart reader, you can be good at predictions too. Before entering the market you must prepare yourself for all the situations as the forex trading market is volatile and risky.

As a beginner, it is best to develop your trading skills. Gather as much knowledge as you can, and upgrade your level. Relying on EAs from the very beginning can hinder your growth. However, you can use EAs to double check your analysis and prediction of the price direction. But many beginners...

This is a list of all the good and reliable indicators. I personally use RSI, MA, and ATR. I hope this list helps beginners. Indicators are important in forex trading as they can help you become more sure and accurate of your prediction, after analysing the price action charts.

There are many strategies that can work for different styles of trading. You just got to practise and find out which one works for you as it brings in the most profit. There is ultimately no best strategy, it just depends on the trend you’re following at the time. ‘Buy low, sell high’, intraday...

Hello, welcome to this forum! You will learn a lot here, wishing you luck on your journey and lots of patience. Cheers!

There are so many ways you can learn now, through articles, books, even by watching videos. The most important step is practising on a demo account. This is a must, as it helps you enhance skills and increase knowledge which generates more profit in the future. Learn how to scan and analyse the...

That is because they do not organise their moves, strategize or plan what they should be doing. Instead, they allow their impulse to guide their journey, causing them to quit trading due to empty accounts and no profit returns. Traders need to learn to tackle their emotions and the market’s...

The most valuable lesson I took away from forex trading was that do not over-complicate your trading strategy by using a number of indicators and studying many chart patterns. This only creates confusion. It is better keep your trades simple.

You can take trading courses available online. Prefer trading demo and studying simultaneously to assimilate the knowledge so that you do not forget it. Forex requires lots of practice and backtesting of the strategy.

The best advice I can give a beginner is to never let your feelings influence your trading decisions and to never undervalue the significance of risk management.

A trading plan, treat trading like a business, learn to establish a system that is based on facts, always employ a stop loss, and taking measures to preserve your trading capital are just a few of the things you should concentrate on if you want to be a successful trader.

Yes, I absolutely enjoy trading and this is why I look forward to trading after my office hours. It has also got me some nice profits in the past and so, I have plans of continuing it for some more time.

A trading plan helps you keep emotions away from your trading decisions. When you have already decided how much profit you will be happy to take and how you will cut your losses, there is no room for distractions to take you on the wrong path.