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Major currency pairs are good to trade with. These include: EUR/USD, USD/JPY, AUD/USD, USD/CAD, USD/CNY. These are most actively traded currency pairs, have good price ratios and offer good liquidity.

Yes it is, and can be a major deterrent to forex trading. However, by implying certain preventive measures one can reduce the risks of heavy losses. Like using stop loss, understanding the behaviour of the currency pair behaves in relation to other currencies and keeping track of your trades...

If you are just starting out, it can be tricky to learn forex. But by giving time to demo trading, you can build your way up.

There are many indicators for scalping in forex trading, but one of the most popular and reliable methods is the Bollinger Bands indicator. I've been trading using this indicator and it seems very helpful in identifying entry/exit levels.

Lack of patience ; Imo, many traders simply don't have the patience to wait for the right opportunities to come along. They may enter the market too early and get out too soon, or they may hold on to losing positions for too long, hoping that the market will turn around and make trading...

Hello there! How's the trading going buddies! Tell me your journey experiences? What has happened to EUR? If anybody knows.

There are many good beginner friendly books that you can read including ‘Currency trading for dummies’ by Brian Dolan. Also I highly recommend taking the free course on Babypips website. I started from there when I was a beginner and it was pretty helpful.

I would say EUR/USD without a doubt. You can never go wrong with this pair. Just keep in mind that the Euro is very volatile at the moment due to the international issues but even a beginner can find good trade setups with this pair for sure.

The road to profitability is not an easy one. You should gain knowledge, keep emotions in control, practise in a demo account, build a strategy, go according to the plan, and must learn discipline in order to be considered a professional or mature trader.

Scalping can be a tremendously profitable tactic, but it can also be quite risky. Traders should be ready to make quick decisions because trades must be opened and closed in seconds or minutes. To become a profitable scalper, you must have a sound exit strategy as well as a grasp of psychology.

I prefer to scalp the forex market. When trading Forex, it is always important to use proper scalping techniques. By understanding how the market works and how to scalp opportunities, you can make better profits. Understanding how the markets function is essential for any trader, and Scalping is...

There is no one definitive answer when it comes to what is the best time to trade. Some people believe that trading at a good time will result in higher profits, while others believe that the market is always moving and it’s impossible to predict what will happen. It really depends on your...

The best part is you can trade from anywhere. That’s why I love forex.

Algo trading can be good as long as you know how it works. What you should do is to start learning and understand how algo trading works and how you can use it to your advantage. You see, algo trading is just an advanced computerised trading system that is designed to make money. These systems...

Getting rich would be a far-fetched goal for a beginner in the forex market. It is possible to start small and then gradually grow your trading account earning a good amount of profits. But that surely takes some time as you still have a lot left to learn and a long way to go. A beginner should...

You should look at a currency pair rather than trying to find a single safe currency. Picking a liquid and stable currency pair will reduce the risk to a great extent. The more volatile a pair is, the more risky it will be for a trader. Sticking to a major pair like USD/JPY or EUR/USD would be...