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Here are some tips; 1. Trade with a small amount of money 2. Be patient and don’t rush in 3. Don’t expect to make money every day 4. Learn from your mistakes, don’t repeat them 5. Try to keep a positive attitude 6. Don’t be attached to the outcome of any trade but rather the process and...

The best way to learn forex trading is through live trading. This involves placing a trade with real money and seeing how your strategy performs in the market. It’s also important to consider your risk tolerances when trading forex.

You can go with coinexx, their trading cost is among the lowest and they offer fast payouts.

It is important to choose the leverage wisely. Leverage can enhance the risks of losing with the same intensity it increases profits.

Losses don’t mean an end to your career. They are a part of your trading journey just like profits are. So, just normalise losing money and try to find out what could have been done that would have saved you from the losses.

Don’t waste your time comparing these. Both manual trading and automated trading can work great if used properly. Start as a manual trader and when you have obtained enough forex knowledge, find a robot and customise it as per your needs before launching it in the market.

My advice to beginners is to take their time and don’t be too restless for earning profits. I would suggest you start learning about price action first and then look for indicators later on. Just relying on an indicator won’t guarantee profits and you must work on developing your skills along...

When you are trading forex there is always a risk of losing money when you lose a trade. The risk cannot be avoided but can be managed in a way to minimise such potential losses. And that is called risk management in forex. You must learn more about it yourself and enter the market only after...

These are some great tips. Have you ever considered not switching your strategy? Because I do it. There are days when I just keep trading at the same strategy and it works fine.

My success mantra for forex trading is to stay calm. I have seen traders lose their mind every now and then and it is not my cup of tea.

To be a profitable trader, you must focus on a few things, such as adopting a trading strategy, treating it like a business, learning to establish a methodology based on facts, always employing a stop loss, and taking measures to protect your trading capital.

I believe that stop-loss is quite important in trading. Without SL, losses would be worse, causing trading accounts to crumble. To trade for an extended period of time, every trader should implement a stop loss.

Many beginners are always in a rush to start trading. This rush makes them take everything very casually. Making a strategy in forex trading requires a lot of research and analysis of the fundamental news and the technical price charts, and indicators. Strategies must also include a proper time...

In my experience, being too fearful of the future and letting it affect your trades, not exiting trades on time, and using high leverage, are 3 of the most common mistakes beginner traders make. All of these are significantly responsible for why beginners lose, and make less profit.

I have used almost every indicator that is mentioned here. And I have come to the conclusion that no indicator can beat price action. It may not be the case for everyone but it is something that works for me. I do use some indicators but I rely on price action for the most part.

Making money with forex is never going to be easy. It takes time for us to become consistently profitable as a trader. And still we are going to encounter losses once in a while. But we should not be discouraged with losses and chasing profits is not ideal for a beginner. Instead, we have to...

You must be capable of making efficient trading decisions. Forex trading is not just about taking risks, making money in some trades and losing in some. It is more about the decisions you make that can reduce the number of losses you make and increase the amount of profits you take home.

No matter what some traders tell you about forex trading, you must never trust them until you know what they are trying to tell you. Even if you find it interesting, you must make sure that you do enough research so that you don’t fall prey to a scam. Learning is free all over the internet. So...

As a forex newbie, you must not rush things. Let the information sink in. Take as much time as you need to develop an understanding of the market and plan before you use it. Planned moves will give you time to adapt to the market changes more easily.

As a newbie, you will see that there are suggestions all over the internet about what you should do and what you shouldn’t. But all these suggestions are useless if you don’t know how to make the most of them. So, while you enhance your knowledge by reading, also obtain experience with practice...