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Don’t waste your time and money looking for a mentor. Work on obtaining trading skills by learning from free sources like the school of pipsology and youtube and practice on a demo account. Take the responsibility of your career into your own hands and you will do great.

I have been profitable for quite some time now. But I still think I lack consistency. Working on this. Hope to see the results “soon”!

In order to predict the price movements, you need to know how the market has been behaving. It’s the basics of technical analysis. It helps in identifying trends.

Focusing on learning and developing the right strategy will be more profitable for you for long–term trading. Indicators are fine but not for novice traders because it takes years to master the understanding of the market. You should choose a few and try to validate your understanding.

I agree. Trading psychology is an important aspect. Trading in the financial markets requires a high level of skill. When you trade, your greatest enemy is our emotions. Only by learning to control your emotions will you be able to achieve success.

I enjoy trading a lot. Yes, there are hard times when you feel it’s mentally exhausting. But you need to keep pushing. It is really profitable in the longer run if you have the cpa italy to learn from your failure and treat profits and losses equally.

Currencies are volatile. Some currencies are more volatile than the others. If you want to trade with stable pairs, then major pairs are great to trade. EUR/USD, USD/JPY, or GBP/USD are comparatively stable than other currency pairs.

Saving is like addition, while investing is multiplication. Which one is bigger? Investing can help you beat inflation and retire early. Saving only eats your funds. However, save some money for your emergency needs. But do invest.

Forex is a practical field, like coding. The only way to get better is to implement and test your trading system. This, however, doesn’t mean to start trading instantly. First, focus on building your skills. And start practising on a demo account. Read about trading psychology and risk...

Every trader uses a different way of trading and so, every trader makes a different amount of money per trade. Trading is also a game of patience. Those who can patiently trade and improve often end up becoming successful and rich.

Don’t keep a time limit in your mind when you study because this will make you rush your learning and you may even skip a few important lessons. What would be best is to keep learning until you have understood what you are reading and can make proper use of it in the live market.

Risk is always as big as you make it. Instead of being afraid of taking a risk, you must be afraid of not analsying the market and still taking a risk. Pave your way through the risks because you have to embrace them at some point in time.

It’s not easy to understand the market and determine how it will behave in the next moment. As you can get it wrong, you can be wrong at predicting the market moves and hence, making profitable trades.

They must not know how to trade themselves. If that is so, this is the reason why those scammers are making money out of people’s pockets. Living a luxurious lifestyle with innocent people’s money is like a modern-day ‘theft’. The only difference is that it is in front of our eyes, and we have...

Learn online first. Some websites will help you do so. Self-learning is the biggest asset, you don’t need anyone to help you learn about forex trading. Go online, find reliable sources and start the learning process.

Thanks for the tips, they’re really helpful. I agree that we have to set realistic goals and then work towards them. We can never get successful if we don’t plan our trades.

That depends on their use and how you are using them. Indicators are not 100% correct. But they can give you an indication about the market. Moving averages & RSI are some of the technical indicators that traders commonly use.

It’s about knowledge, and you can use knowledge to leverage robots to trade for you. Forex is a dynamic market, and if you fail to analyse it, you can’t become successful. Robot's purpose is to make trading easy for you, not exclude you from it.