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In order to do things right, you should first educate yourself about trading and the market. Trading can begin once this condition is met. due to the fact that making accurate market predictions in forex trading requires a high level of analytical skill. Market behaviour is notoriously difficult...

In the foreign exchange market, the price action trading strategy is well-known. However, you must understand that no strategy can guarantee a large profit in the market. It all comes down to your knowledge, expertise, and how well you execute trades.

Yes it is and those who view forex trading as a quick way to get money are more exposed to risks. You'll need to realise that being wealthy overnight is not possible. It takes a lot of effort to get there. You must become well-versed in the market. Knowing when to enter and exit a trade is...

Numerous websites offering forex education are available to you if you're just getting started. Additionally, you can enrol in trading courses or watch YouTube videos. Also, prefer to join forums linked to forex. You can interact with other traders on these forums and learn about the market from...

I’d not suggest scalping to a beginner. Scalping is highly risky and can influence the trader’s psychology which makes it difficult to make rational trading decisions.

Turnkey forex is a good one, can try them on a small account.

Hello! Study the market and understand the fundamentals of its working.

Go for EUR/USD, USD/JPY, AUD/USD. In Particular, you can pick major pairs as they are less volatile compared to other currencies. Test a few of them and see which one works the best for you.

I work full-time. But I try to be consistent with trading. Imo, if you want to be a successful trader, then you need to be committed to the journey because it takes a few months to years to see positive results.

Good read, thanks for this informative post. Here are some more tips - 1.The higher the leverage, the lower the risk 2. Fundamental analysis for long trades - 1W< is important 3. Use stop loss because it will help you control your risk.

Yes, I do love trading forex. The challening nature of forex is so enticing that even if I am not making profits, I am more curious to learn about the market, where I am doing wrong, and how I can improve. This challenging nature is not for everybody, some people look for easier ways to live...

Hi there, welcome to the forum! I suggest you focus on research and learning more about the market first. Knowledge is very important and it’s the only thing that will take you further in this market.. The only thing you’ll be able to rely on is your skill and ability to assess the market...

Without proper risk management, it is next to impossible to make profit in the long run considering the risk levels always being high. Also, calculate a risk reward ratio and manage money efficiently. Keep focus and maintain discipline towards your goals, everything else will fall in place if...

It’s true money management, psychology, and risk management matter the most in trading. In fact, these factors can lead a trader to success sooner than they realise. Often, those who enter the Fx market have the notion to win quick returns but it doesn’t work like that. Learning the market...

I believe that skill learnt through developing information from different sources to get better at trading is what matters. Robots or EA’s can only work up to a certain amount of time. In the long run, those traders who rely on their wit and intellectuality have more chances of surviving risk...

Yes. You can definitely make money in forex trading. But it is not an easy task. You need to have the knowledge and patience to practise for years in order to gain practical experience, so that you can make profits even in a bearish market.

A majority of traders lose money because they don’t have proper trading psychology. Because of this, they are not able to control greed and anger - which leads to over trading and revenge trading. Fear also disrupts logical thinking, and leads them to make dim witted trades.

It is crucial for a trader to focus on their emotions and trading goals from the beginning. Understanding their importance when it's too late will trouble them in the future.

Learning through experience and sticking to one learning for a while, instead of choosing an array of learning experiences to use at once, is crucial. A trader must be confident in what they learn and try to incorporate the right sources into their learning mix.

Trading is a journey where everyone walks at their own pace. However, there is one thing that can’t be ignored - consistency. You have to be regular with the process. Try to learn as much as you can about the market. The more you know, the better you become at the game.