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Surely. I like to do things that challenge me like forex trading. It makes me more disciplined, focused, and I learn new things which are applicable in day-to-day life other than trading.

Go for Major pairs such as EUR/USD, USD/JPY, GBP/USD, and USD/CHF. These pairs are more liquid, stable, and have lower spreads. If you’re a beginner, EUR/USD will be the best fit.

If time is an issue then copy trading is definitely something that you can try your hands on. As all trades will be automated and you have this assurance that an experienced trader is behind all the analysis and decisions, you will be more confident investing your money. You can start with any...

The U.S. dollar (USD), Swiss franc (CHF), Japanese yen (JPY), and are all regarded as safe-haven currencies. It is because over the years they have maintained an almost linear price action line with much lower fluctuations compared to other currencies. Moreover, on a daily basis, these currency...

Forex trading is about knowledge and manual training. How can automated trading bots be created if a person has no knowledge about forex trading itself, and has no experience of trading in it? Robots that trade automatically can only act in accordance with the scenarios that were programmed into...

Despite the fact that the forex market operates during normal business hours in four separate time zones (London, New York, Sydney, and Tokyo) across the world, the overlap of the US/London trading session, which runs from 8 a.m. to 12 EST, has the biggest volume of trade and the finest trading...

Trading success can be achieved with the help of knowledge and skills, not just indicators. It is not a good practice to blindly follow what an indicator suggests without an actual plan or strategy.

Hello, hope you achieve your goals soon! It’s best to self motivate, good luck.

People lose due to many reasons but the main one could be less knowledge about the market functionality and sentiment and no plan to follow. This often leads to empty accounts quicker than actually losing. It is very important to stay organised and try to pull in profit as much is possible.

Being a successful trader in the forex market is not tough. To begin, keep in mind that success is directly linked to the amount of effort you put in; therefore, practise your methods as often as possible on a demo account. You must also learn about risk management tactics in order to minimise...

If you’re a beginner, you might lose more often than those who are more experienced. It happened to all of us. Start from scratch and evaluate your trades to find out what went wrong. Practising for some more time on demo accounts is important for a strong foundation. Learn how to make use of...

The most important thing you need to understand about forex trading is that it is not just a game. If you are really dedicated to the game, you will learn everything there is to know about trading. The more you learn about it, the more likely you are to be successful at it.

Scalping is a trading strategy that involves making trades on a short term basis. As this strategy is an aggressive trading approach which can be really risky for new traders to manage their emotions.

What could be a better way to learn trading than by trading? Now, this doesn’t mean you should put all your savings into a live account and start trading. Instead, you can begin by taking small risks. Start with a demo account and build an effective trading system. Once you are confident about...

Traders fail because they don’t have the skills and understanding of the market. There are a set of skills required to become good at trading. A trader could be failing because of poor trading, or his/her psychology sucks. You need to identify those reasons and work on them. Only this will...

Yes. Making money in forex is possible if you are good at it. There are many factors that come into consideration. For example, how good is your trading strategy? How much are you risking? How good is your risk management game? So, if you want to make money, you need to connect the technical...

Hello! Welcome to this forum. You can join Babypips.com. There is a free course. Make sure you complete it. Also, join a demo account and practise whatever you learn side-by-side. Don’t go for anything paid. There is plenty of free knowledge. Good luck!

Those beginner days are full of silly mistakes, but that is what we learn from, so don’t be too harsh on yourself new traders. Here’s some mistakes I made as a newbie - Not being consistent with trading Not following my trading plan and messing it up in between trades Over trading after a win...

Hello newbie. The forex market is open 24 hours, 6 days a week. However, during the crossover periods of major exchanges, the liquidity of the market increases. This liquidity, when paired with the volatility of the major pairs, becomes highly profitable. Hence, for a beginner, I will suggest...