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Trading strictly according to the trading plan. It is important to have well calculated trading. However, traders must have a flexible approach towards trading forex as it is an ever changing market.

Depending on where you’re located, which time frame you’re comfortable with, select and start trading. The market will move randomly, analyse its pattern according to the plan you wish to move with and you will have a chance of making good profits. Good luck!

This is common but it can also cause anxiety amongst newbies who are afraid of facing their fears. However, trading in the Fx market can change their perspective and increase their self confidence to make better choices. As they learn, they will get better.

True! Traders should study the nature and behaviour of the currency pair to understand the reason for the price movement in the certain direction.

It is all about knowledge. The more you know, the more successful you become in the forex market.

Why don’t you test them on a demo or even better a small account? Crypto deposits are absolutely legit so that shouldn’t be a matter of concern, but still better to try withdrawing a small amount initially. And whether it’s the best mt4 broker or not is totally subjective, there are some like...

There are three pairs that are good to trade ; EUR/USD. AUD/USD. USD/CHF. Depending on your budget and how many trades you can manage at once, take on that amount of risk only. Start small and slow and then expand.

Before you enter the market, make sure you read and research, analyse and strategize and practice on a demo to gain some understanding of the process. It is always better to be prepared to come across surprises in such financial matters. Create a plan, stick to it and you will achieve your goals...

Well written post. Every trader should backtest their strategies until they start yielding consistent profits. Rushing will only be harmful for you.

Well said. Your trading performance may suffer if you are unable to control your emotions. It may cause you to overtrade, engage in over trading, or become paralysed by fear. You'll be able to develop strategies and carry them out more precisely with a better trading system if you can learn to...

You will have to spend time analysing the market closely to find out the right way of trading for you, specifically. Your lookout and how you manage to approach the market will decide your future in the market. Learn all you can so you can apply the knowledge and skill to make better profit.

You can take advice from coaches or mentors but in the end, only your opinion matters. The moves you decide to go forward with, matter. Hence, focus on deepening your understanding on market sentiment.

If you are a beginner trader, you should be aware that trading won't be as simple as they are shown on social media. Effective forex traders need to be disciplined about their trading and possess strong analytical skills. You must also develop your trading strategy. Making your own rules has the...

Automated trading systems can only function with manual supervision. You need a technical understanding, together with knowledge of why the market is heading in a particular manner. The path to effective trading is not a short one. If you want to achieve, you must work hard, adopt a disciplined...

The most active trading period and finest trading chances are during the overlap of the New York and London markets (8 a.m. to 12 EST). While less volatile than the New York/ London overlap, the Sydney/Tokyo markets overlap (2–4 a.m.) nonetheless presents chances. Trading should be avoided when...

How can you expect to make a good living from forex trading unless you learn and understand the market and trading? Forex trading is complicated and risky and the only way to triumph over it is to be well-versed in both the market and trading.

The most popular and profitable trading pair is EUR/USD. It can be a good option for new traders due to liquidity and tight spreads.

Risk management can help traders minimise losses and final trading outcomes.The external factors cannot be controlled in the market, but whatever is in your control, work on it to avoid heavy losses. Make sure you use stop losses and market orders in your strategies.

It depends on the mindset and readiness of a trader. If you are ready to learn with whatever comes your way, you may reduce some time on your learning path. Also, if you have the mindset to trade forex with discipline and consistency, time won't matter much. If you focus on the time it takes...

If you are feeling helpless as a trader, I would advise you to expand your knowledge. This is the only thing that can help you become a successful trader and win in the market. If you do a quick Google search, you will find an abundance of resources and websites to help you learn forex trading...