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Risking too much or risking too little. Deviating from your original strategy or switching strategies too often. Being stuck with a strategy forever without making any efforts to improve it further or modify it to suit the current market situation.

It is quite normal for a beginner to blow their first ever trading account. But you are surely doing something wrong if that happens too often with your accounts. Please go back to demo practice and try to devise a better strategy for trading.

I’ve been using Zulutrade with IC Markets. It’s been profitable for me. Have not tried cTrader but since you’re interested I would advise you to try it on a demo account to get a better idea. As both these platforms have different traders with different performances so ultimately your experience...

Learning about forex is not difficult at all. There are ample resources to help you learn about forex. Babypips School of Pipsology is one of the best courses for beginners, available for free on the internet. All you need to do is give quality time to understand and grasp the knowledge, and...

Manual trading is tough, but once you practise it consistently with the same strategy for at least 2-3 years, you become profitable. But automated trading is mostly not profitable at all. It is important to get over losses and develop your trading psychology, or else you will always face a...

It's true that there are some fake gurus out there who are making a lot of money in the forex market. However, we should not ruin our own finances by following their advice. Many of these so-called experts are nothing more than frauds who are looking to take advantage of naïve investors.

If you're the type of person who doesn't want to spend a lot of time monitoring the markets, then a forex robot can be a great way to trade. You can simply set it up and let it do its thing. Of course, there are also some downsides to using forex robots. One is that they are not 100% reliable...

True, it does take some time to figure out what works. Just because other traders have found success does not mean you can copy their strategies. It can only be discovered through extensive research and testing of a variety of trading strategies.

Nice read. Keep up the excellent work and share your knowledge in future posts.

These tips will help you in becoming successful fx trader 1. It is important to have a clear understanding of the market and what drives currency prices. 2. It is essential to develop a solid trading strategy and stick to it. 3. It is important to manage risk carefully and always be...

Choosing high leverage over small leverage can be a difficult decision, but it ultimately comes down to what is best for your individual needs. High leverage can provide you with more opportunities to make profits, but it also comes with a higher risk of losses. Small leverage, on the other...

Hi there, welcome to this forum! Hope you achieve your dreams. Good luck!

If you just started your journey, you can use an EA but for long term use, it is not advisable. Traders must use their own wit, knowledge and skill to grow their account. Understanding the terms and conditions of the market is important to survive in the risky market environment.

By applying risk management techniques to your trades, you can mitigate the risks. Your risk appetite is calculated by how much you’re willing to lose on a trade. Calculate a risk reward ratio so you gain eventually. Practice on a demo account so you aren’t in doubt anymore. All the best!

Looking at past data only helps you understand the pattern the market moves in, so it is important to keep an eye so you can make wiser decisions to bring in more profit. If you still have doubts, go back to learning. Also consider the fundamentals.

There are a lot of things you will need to consider when beginning trading in FX, but first and foremost is to understand the basics. I’d suggest you invest only what you can afford to lose

When it comes to choosing a scalping system make sure your system has high execution speed and your currency pair has enough liquidity. I prefer scalping EUR/USD in 1M, and 1 M time frames.

Don’t give much importance to your losses because they will take away your attention and will keep you from seeing the market the way it is. Instead, focus on the learning process because your knowledge will stay with you forever and pave ways for your wins.

It’s good that you are here to make money but don’t make that the sole purpose of trading because it won’t let you learn and you will leave before you reach consistency. Learn to retain all the important market lessons so that you know how to behave in a certain situation.

Well, as a beginner you actually don’t need to pay or get a mentor to teach you forex trading. Whatever you need to learn is available for free on the internet. The majority of traders have learnt forex trading on the internet. There are free courses, paid courses, youtube videos, articles...