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Depends on the market conditions lol. My relationship with forex trading is bitter-sweet.

Consider learning through Babypips and Investopedia articles. Then learn through a bunch of books related to trading psychology and the topics you find difficult. Practice on a demo account until you are confident to trade on a live account.

I am using Zulutrade with IC Markets. It’s been a good experience for me but you should know that results are dependent on the performance of a trader you are copying trades from. Not everyone is going to have similar kinds of results so you should spend some time analysing the portfolios and...

The best pair is EUR/USD, but any major currency pair will work fine as they offer tight spreads and low volatility. EUR/USD has the lowest volatility, the best spreads, and the highest trading volume. So it is the best for beginners because it offers 'ideal' conditions for them.

It is a very personal question and the answer varies from person to person. For this, traders have to define their goals and trade accordingly. Everyone is trading different amounts with different goals, so we can’t compare. But as a beginner you should focus more on learning and save yourself...

Scalping could be one of the best techniques for beginners to implement. It involves opening a position, making gains and then closing the position. As per my experience, scalping is a better strategy to trade with than others.

It is a good thing to try something. May you learn something new and exciting that will help you in your trades. Happy learning.

There's not any particular time frame that will decide your knowledge of forex. Sometimes it takes less time for a person if he is dedicated and picks up things quickly. It depends totally on a person and his/her learning efficiency.

I use the RSI and the MACD indicators together for scalping along with the SMA indicator for scalping. I use The RSI and the MACD to help me maintain or close a position. I use the SMA for confirmation and any price movements that are likely to change direction.

You need to focus on trading and not the results. If you are focused and know how to trade even through a mess, you will be successful. If you worry about the outcome, then you will never be able to trade at your full potential.

I find that scalping in forex trading is the most effective way to make profits. It allows me to take advantage of small price movements and make a profit quickly. I also find that it is a less risky form of trading, as I am not exposed to the large swings in price that can occur in other types...

@Werdna88 I know I am a little late but just came across your post and wanted to check whether you have found a good broker for yourself. As you have mentioned that you want to trade and work simultaneously, why don’t you try copy trading. I too am doing it on Zulutrade alongside my regular job...

Traders who are constantly looking for new opportunities and ways to improve their trading skills require dedication in order to be successful. Forex being a complex and a huge concept

As a beginner you have opportunities to learn from various sources like blogs and articles, video tutorials, paid and free courses on the subject. It is better to focus only on your learnings at this stage.

These can be really helpful while trading. Use stop loss order Money and risk management Keep your emotions away from your trading Keep learning and upgrading

Below tips really worked for me, you can also prefer them: Keep learning. This is the key to success in the market. Practice as much as you can Trade with a plan Maintain a trading journal Learn from others mistakes

Definitely, you can make good money based upon your knowledge and experiences. Forex trading is lucrative and if you can understand the market then you can make enormous money.

To be a successful trader, there isn't really a set of rules or a manual that everyone can follow step by step. Many people start out so ecstatic about the potential to profit in trading but end up losing because they did not adequately prepare. You have to figure out yourself what works for you...

Hello and welcome. I feel that you’re a beginner and want to make money as soon as possible. Don’t look for indicators right now–look for knowledge. Asking about indicators will not be beneficial to you unless and until you don’t understand how they work. First, give effort in gaining knowledge...

I choose to trade forex because of the market's accessibility, flexibility in trading hours, and level of liquidity.