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The EUR/USD is one of the best pairs to trade for beginners. It alone forms 28% of the daily trading volume, which proves its massive liquidity. The euro is a reliable currency that serves as the symbol of the European Union. Political developments that affect either the dollar or the euro...

It is necessary to practise thorough risk management before engaging in forex trading. Identification, analysis, and mitigation of trading decision uncertainties are all part of risk management. Also, you must have proper knowledge about when to enter and exit the market.

Been using fxview’s vps and trading has been smooth - found no lags or latency so far.

As a beginner, learning will be difficult. It takes time to grasp the fundamentals and the technicals. Realise that learning never ends and hence you must familiarise yourself with the market as much as you can.

Looking at the current situation, you will be quite safe if you choose a pair in which USD is the quoted currency. EUR/USD is a good pair but it may not be the right one for a beginner at the moment due to the parity situation.

I do love trading and the fact that I can make profits from trading. I think every successful trader will have a passion towards trading which keeps them going despite challenges and setbacks. So, it is important that we also learn to love what we do as a trader in the forex market.

You won’t be able to survive in the forex market without a proper trading plan to follow. It should cover all aspects of your trading and must be aligned to your goals as a trader. New traders often deviate from their plan and take up trades just because they feel like it. So, we must refrain...

Can give fxview a try, withdrawals are mostly processed in a few hours and there’s no processing fee as well.

Hello and hope you are doing well. Just wondering if you already found the powerful indicator that you were looking for. My humble advice would be to not rely too much on any indicator and just sharpen your analytical skills. Still, I would suggest you try some advanced indicators like Fibonacci...

Agreed! Strategies fall in and out of places. Traders should be able to modify them as per market requirements if they want to be profitable.

Robots are useful. They are useful in implementing complex strategies and trade without any emotions. But they are not completely trustworthy. Thus, traders should be careful if they choose them and do not rely on them completely for trading.

Very true, patience, adapting to situations and being mentally strong, as well as maintaining discipline , is necessary towards the end goal. Controlling risk, managing emotions and trying to make profit in spite of market changes can take a toll. Hence, knowledge is important to make the right...

Hi, welcome to the forum! Start by learning and practising on a demo account. There are many books available online, while learning, practice to get a deeper idea. Watch the market and backtest different strategies. Best of luck.

Thank you for the informative post. These tips are truly helpful for anyone whether they are beginner or experienced. It is important that we pay attention to money management, risk management and trading psychology every time we trade. Interacting with other traders will give you a sense of...

Building the perfect strategy will surely take some time when you are a beginner. You have to develop your skills and try out different strategies until you find the one that is ideal for you. The success of any strategy would also depend on your risk management skills. So, you should be always...

Before you trade live, research about the market terms and conditions, practice on a demo account for a few months, then trade live. Entering the market blindly can cause multiple blown accounts. If you want to stick longer, start learning through books available online. Good luck!

It depends on things like the currency pair you wish to trade and the area you’re located. Check when the market is the most active and place your bet carefully. Conduct market research before you make any moves.

Hello, how has your journey been so far? Wishing you lots of patience to carry out decisions wisely.

Due to lack of understanding of the conditions the market is involved in. Discipline and practice helps majorly in figuring out the market sentiment and psychology. If they learn how to avoid over-trading and revenge trading, they can do better.

If a beginner has a good scalping strategy they can follow, then they can surely give it a try. Scalping does allow you to make quick profits but it is impossible to become profitable without knowledge and skills. So, try trading on a demo account first and develop your skills before going live.