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When traders make trading too complicated by their actions and mindset, it gets difficult. Trading success comes with the right strategy, and selecting the one that works is crucial. Running after strategies doesn’t work; sticking to one (until it stops working completely) does.

If you’re looking for courses, there are many online but the best understanding of the market comes through practising on a demo account and live trading. You need to test your skills and knowledge to see if you’ll be able to survive the market shifts. Manage risk, money and time each trade...

I am using fxview - it’s regulated and min deposit is also low - $50. Fxpro is another good option, their minimum is $100.

Hello, welcome to the forum! You need to study the market closely, understand its sentiment and analyse different opportunities before you put in your money. So, good luck!

I agree with every point mentioned here. It is better to calculate a risk ratio so you can save money from your capital and manage to make profit too. Traders should plan and budget accordingly.

I don’t believe in holy grail. There’s only practice and backtesting that can make you earn that profit you’re seeking. The same strategy also won't work for everyone’s plans.

A currency pair can be traded in 1 min to 15 min time-frame. Traders should opt for currency pairs with tight spreads and good liquidy. Scalping EUR/USD or GBP/JPY can be reall;y profitable due to the appropriate liquidity and tight spreads.

Leverage can be highly risky to use if the trade doesn’t know what he is doing. It is a good idea for newbies to trade leverage on a demo account and check how leverage trading works. And then he can start with minimum leverage on his real account.

Losses are not necessarily failures. They are failures if they don’t teach you a lesson. No trader can be 100% profitable and the goal is to make maximum wins. Don’t turn impatient if your trades don’t seem to work. Instead work hard and improve your strategy.

Every trader’s ultimate goal is to make money through trading but not all of them are able to achieve this dream. I would recommend taking time to analyse your performance and skills to set realistic goals and plan your moves accordingly.

Spend a lot of time learning and understanding forex. Practice on a demo trading account for at least 3 months. Be clear about your goals as a forex trader. Devise a trading plan and strategy that suits your personality and trading style. Start small when you start trading on a live account...

With brokers such as fxview, hotforex, exness, xm and many more allowing trading with as little as $5, one need not to think about the best minimum deposit and should start with as much as they feel comfortable losing with. You might not make big profits with these small amounts but you can...

Well, moving average is a commonly used lagging indicator in forex. But they are effective for scalping strategies. It is the most simplest and basic indicator that a scalper can use. But I suggest using MACD more as it helps not only following trends but also in capturing them in time. The...

Hi Odis, welcome to the community. I hope you are doing great in finding new and good trade opportunities.

Those gurus take your money because they know you are in need. They do not realise how they will suffer in the future because of taking innocent people’s money out of their pockets. Their luxury lifestyle is nothing more than a ‘looted lifestyle’. I seriously hate these people when I see them...

I do not have the answer to this question because your learning traits and learning history related to forex is different. It will take time, but no one can tell you how much time you will take exactly to learn about the forex market. So it is the quality of time you spend and not quantity...

Here are some of the best books to follow for forex trading - Bollinger Bands by John Bollinger The Alchemy of Finance by George Soros The Black Book for Forex Trading by Paul Langer Naked forex by Alex Nekitrin The Art of Currency Trading by Brent Donelly

I suggest traders backtest their strategies before trading. Use historical data from a vast range of timeframes so that you can get the nearest accurate results or outcome of your strategy.

I would say knowledge comes first because you can’t make profits without any knowledge. Robots are helpful to automate the trading process but you should have enough knowledge to make decisions on your own. Robots are used to eliminate emotions in trading but you should not start trading before...

There are traders who don’t use indicators at all and still make profit using their strategy. But I do use some indicators that support my strategy. So, it is a personal preference of traders and indicators are optional. Having a good strategy is important even while using indicators. Your...