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When it comes to Forex trading, one of the most important things you can do is develop a trading plan. This trading plan will act as a roadmap for your trading journey and will help you make consistent, long-term profits.

The best forex pairs to trade in forex trading are EUR/USD, GBP/USD, USD/JPY, and USD/CHF. These pairs have the highest liquidity and offer the best opportunities for traders.

Interesting EA, especially the name. Will give it a try with turnkey forex. Btw, which pair is best suited with this ea?

Skills and strategies are always better than indicators.. Beginners should focus on learning the market and practising to the core. Start by learning the basics and trade on a demo account before entering the live market. Learn all the fundamentals, technicals, and risk management to prevent...

The market is open five days a week for 24 hours per day. You have to choose the time frame according to your strategy and currency pair. I trade during the London session (8 a.m. to noon EST) because during this session liquidity is highest and there are greater chances to make profits.

The goal of risk management is to protect your money from market volatility. A variety of variables, such as social and economic events, can cause the market to move rapidly, and if you fail to adopt the appropriate risk management approaches, you are more likely to lose money. These safeguards...

It is difficult, but not impossible. You need to create continuous gains, which is only achievable if you have a lot of trading experience and know which avenues to invest in will bring you money. And the only way to do that that is by being consistent with the learning process.

You can’t become a millionaire with the help of robots. Hard work, strategy, trading plan, perseverance, and patience will make you a profitable trader. If you really aspire to be a trader, you must work hard and stay consistent in the market.

You can check out turnkey forex, spreads are pretty low, especially for major pairs and withdrawals don’t take more than a day to process.

The top reasons traders fail are: Lack of proper knowledge and experience. Poor trading skills Incapability of using stop loss and risk management. They want to make profit quickly. They repeat trading mistakes every time. Expecting big returns with a very small starting capital. Greed and...

I keep everything on one side and a trading plan on the other. You can do with little money but not with little knowledge. So, your first step is to build a trading plan as soon as you wish to start.

Trading doesn’t require degrees for a trader to become profitable. You need basic skills like patience and knowledge to deal with the changing market conditions so that you can build your trading plan accordingly and make money.

True! The school of pipsology is great for beginners. You can also prefer taking paid courses from Udemy or Wall Street Academy and simultaneously practise on demo to consolidate your knowledge.

I’d suggest to maintain a healthy balance of your emotions and not let them carry away your trades. Have realistic expectations and trade accordingly.

Scalping is about keeping up with the speed of the market. Now that new traders might not be able to identify trading opportunities too quickly, they should use medium term strategies so that they can get time to prepare for the situation.

I would suggest finding that out on your own. Open a trading position and hold it for as long as you can hold your emotions. Close the position if you feel that you have received what you could have. I am not talking about profits and losses because there are other things that come before money...

For beginners, learning the basic concepts of forex trading is quite important. If you don’t take your learning seriously, you will never be able to take the market seriously. You must make sure that you trade when you have learnt all the lessons and can take risks of using your real money for...

You can definitely make money with forex trading but it should not be your primary goal. What you should care about as a beginner is obtaining new trading skills so that when you are in the live market, you can build a strategy in accordance with the changing market conditions.

Instead of asking someone to help you with your learning, you must do your research on Google and find out all about forex trading. Read seriously and practice on a demo account before you take a risk in the live market.

I don’t see that as a surprise since trading is a risky business and not every trader is capable of making money. You are always at a risk of losing money and you better be prepared for that.