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Yes, forex trading is a high-risk endeavour. Traders must tread carefully at all times or things will become extremely complicated. To survive in this competitive market, it is best to strictly adhere to all rules.

There are some most common mistakes that must be avoided like: 1. Entering in the live trading with poor knowledge and expertise 2. Not understanding the nature of the business. 3. Underestimating the risk management 4. Trading with emotions 5. Not learning from failures

Forex trading is not a scam. However, the majority of so-called trading gurus are tarnishing the image of forex trading. They are selling useless courses and signals in order to steal money from aspiring traders and live a lavish lifestyle. Beginner traders are advised to identify these...

In forex trading, even a single mistake can result in significant losses. You will never be able to recoup your losses in any trade. This is why traders are advised to trade with a clear mind and only after gaining confidence in their knowledge and skills.

Fear is a strong emotion indeed. Some manage it well, while others do not. Don't be concerned about losing money! You will conquer your fear once you comprehend that losing money is a part of this business. Accept that you will never be correct 100% of the time. Focus on your risk management and...

I agree, a good trading environment is really an important factor. I cannot trade in a noisy environment so I always trade in my room and don’t allow anyone to enter while I’m doing so.

There is no end to learning, similarly, there is no full course, it's a step by step ladder that you’re climbing while you figure out the best way to make profit. The internet has multiple courses to look at. I suggest you learn through books first.

You lose and then you learn. it is going to happen whether you like it or not. Learning from your mistakes can help you become a wise trader. People lose because of lack of understanding of the market sentiment which is important while analysing and picking a profitable opportunity.

Everyone always says you need to learn from books and videos. Yes, you do but if you don’t put that theoretical knowledge to practical use, are you really learning? I guess not. Hence, read all you can and practice on a demo account for a while to Ian confine and a deeper understanding of the...

Can give fxview a try, they have a vast market analysis you can check out

Give time to the trading process. Be patient and learn how to analyse and make wise moves precisely during shifts. Even if you practice on a demo account, it doesn’t prepare you for facing real loss. So, make sure you understand the importance of your capital to tread carefully.

I am sorry to hear that you are having a hard time as a trader. Failing is just a part of the learning process and such experiences are inevitable when you trade forex. I would recommend you to read the book ‘Trading in the zone’ by Mark Douglas. Because I feel that the psychological part may be...

Scalping is not an easy trading style if you ask me. So, I am not sure how ideal it will be for a beginner. But you can surely give it a try after practising well on a demo account first. Your timing will decide your profitability as a scalper. So focus on developing your skills and backtest...

You will have to scan the market in the place you’re located in. Check when the market is most active (the currency pair you wish to trade) and plan your timing accordingly. You can check geographically online. As for the currency pairs that you should choose, it is only you who should decide...

Hi, welcome to the forum! Hoping you achieve your goal with the same aspiration as you started. Keep self motivated and carry on forward. Cheers!

Yes, I think when you take time to learn and study the market sentiment, everything gets clear and you make room for rational reasoning. Watching previous highs and lows can help you decide the right time to make your move. It's always better to be prepared, isn’t it?

Hi, welcome to the forum! My tip would be not to go in search of an EA and actually learn and understand the market from your own point of view firstly. Relying on indicators won’t be fruitful in the long run, only your knowledge and skill will. Conduct research and make notes, practice on a...

To get profitable in a market that is prone to frequent and sudden changes, traders need to understand the importance of risk, money and time management. Once they develop a strong skill set and manage to bring in consistent profit regularly, they know the decisions made were smart and in time...

I started by reading books, checking out Youtube channels and increasing knowledge by practising on a demo account. Understanding market sentiment and psychology can take time so don't rush into it with the idea of making a quick buck. Be patient and learn the market nature to survive longer...

Beginners; the most important thing that I would like to tell you is that never believe too much in what a fake guru preaches. He is there just to draw money from you. Instead, save your money by learning for free from the internet and using the saved money for trading.