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Learn and learn! Then implement that learning on a demo account. Be disciplined and consistent in your trading. Learn from your mistakes, and do not be too emotional. This is just a brief of the tips you need. These ‘tips’ are not even the ‘tip’ of an iceberg as forex trading is a vast topic...

Thank you for these helpful tips! I test and try a few changes in my strategies. If something works fine, I consider improving my strategy.

I did thorough research before selecting turnkey forex and paxforex as my brokers. Never faced any such issues with them. While choosing a broker, make sure you do your due diligence.

The right way is as important as the goal you want to reach. Don’t expect your small account to start bearing fruit for you soon. Take time to grow and find ways to stay in the market for long because haste often makes waste.

New traders have a habit of not taking things seriously. They don’t realise that losses are real and heart-breaking until they lose their money. So, instead of expecting new traders to behave like experienced traders, let them explore the market, make mistakes, and learn from them.

Don't trade with emotions; think about what you are doing before you start trading.

Yes, trading strategy is the most important thing in FX. It is the strategy that will determine whether you make or lose money in the market. There are many different strategies out there, and it is important to find one that suits your style of trading and your personality.

True. A bigger leverage means more profit. But it also comes with higher risk. If the market volatility increases unpredictably, it can lead to heavy losses.

Many beginners choose scalping as their first trading technique ever, because the concept seems easy. But scalping requires good risk management. Also, scalpers should choose currency pairs with high volatility as well as high liquidity.

Hello to everyone in this forum. Wishing everyone success.

Good day, traders. Very useful information for beginners; all of these steps are vital.

The most important thing I learned while trading forex is that you can make good money even with simple strategies. The more complicated ones do not always result in higher profits. It's just that you need to know how to make the most of your trading strategy.

The main reason that is said behind the failure forex traders experience day in, day out, is their own greed. Though forex trading is about taking risks and investing wisely in the hopes of making a lot of profit quickly, this person risked everything by putting all his trust into one single...

Manual is much better for beginner traders and if you have lots of knowledge then you can use an automatic trading setup.

Well, it is hard to say if I absolutely love forex trading. The market is tough which sometimes tests my level of patience and is infuriating. But if I am being completely honest, trading makes me money so it’s natural for me to like it. I cannot imagine what I would have been doing in life...

You won’t get an idea of the risks associated with trading until you experience them on your own. So, instead of just reading about how others have been dealing with their issues, you must gain experience so that you can learn how you can deal with risks. Keep a trading journal because similar...

Such fake gurus destroy traders’ careers even before they begin. It’s easier to get lured to someone who tells you good things than to someone who shows the reality of the market. This is why the right mentality is needed even before you start with trading. Giving someone access to your money...

It’s not a lie that traders make money in the forex market. But there is no guarantee if you will be able to make money. It’s all about the effort you put into the market rather than the goals you set. Hard work pays off in the market, not your desires.

Random assumptions don’t work in the forex market. You have to be sure about what you are doing and how you want to do it. There are no predefined rules that work 100% accurately but it doesn’t mean that you can make money from the beginning even if you are not learning well. Learn patience and...

"The trend is your friend." This is one of the most popular mantras among forex traders, and for good reason. Trends can be your best friend when trading forex, as they can give you a clear idea of which way the market is moving. By following trends, you can make profits more easily and with...