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Beginner traders lack understanding of market dynamics as they only have a cursory knowledge. Scalping is extremely challenging and should only be handled by seasoned traders. Thus, they should avoid scalping.

In my opinion, major pairs like EUR/USD and GBP/USD are the best forex pairs for beginners because of their higher liquidity and tight spreads. These pairs are easy to analyse.

Quite an insightful post! Having a flexible and adaptable way is the best way to trade the constantly changing market. However, backtesting the strategy in different time-frames and various market conditions on a demo account is important.

It is great that you are learning about the advanced tools available for trading. However, you should not quit learning manual trading. It must be considered that automated trading has limitations and doesn’t guarantee 100% success. It is always good to learn manual trading to achieve the long...

The fear of losing money is within all of us. Acceptance is the first step in overcoming the fear of losing money and trades; even if we try to avoid it, we will inevitably lose money and have losing trades. Therefore, it makes no sense to "try" to avoid losing trades; instead, we must develop...

Here are top 5 mistakes traders make - They think they can make huge profits by scalping, but it actually takes a hell lot of dedication and accuracy Newbies chase money and en up using high leverages which is unfavourable for their position They do not know how to control emotions They rely...

Hi. I can understand that it is tough to accept losses but there’s no other way that can help you through it, other than training your trading psychology. Profits and losses are a part of the journey. If you face a loss, you have to learn from the mistake and overcome the emotions.

Not only for females, forex is a great opportunity for everyone! Here are a few tips that can help you become a better trader - Everytime you are starting to trade, always have a plan from before hand Technically analyse the price actions, indicators are not helpful unless and until you learn...

The currency pair to trade that is both the simplest and most stable is EUR/USD. It is the best option for both experienced and beginning traders. Although the EUR/USD pair has small spreads and is liquid, it also has high volatility and is difficult to predict.

The forex market is open during regular business hours in four different time zones around the globe. The most active trading period and best trading opportunities are during the overlap of the U.S. and London markets (8 a.m. to noon EST). Additionally, some traders favour nighttime trading. For...

Emotional trading should be avoided. And trading will come with practice naturally, and one must consider training one’s mindset while learning how to trade, as it is crucial. Forex books, such as Trading in the Zone, are useful in that.

Things may seem simple from a distance, but they aren't as simple when traders start to trade forex. For trading to be profitable, a trader must understand the importance of knowledge, trading psychology, and discipline; otherwise, it will be impossible for them to be successful. Trading in the...

Without knowing how to trade is risky for any trader because trading that way is simply gambling and nothing else. It gives nothing but losses. Therefore, traders must understand the importance of trading with knowledge; otherwise, it is purely a drivel idea to trade forex without learning enough.

Courses aren’t everything; they won't make you successful in a single stroke. You need to put efforts from your side in researching the market too. Besides, there is a lot of free content available on the internet that will give you the same knowledge as courses.

Forex is good, but the way it is portrayed in social media doesn't support that claim. These fake gurus who are just con artists will eventually rob you. Courses don’t make you rich. What will make you successful is a tonne of learning, years of practice, a strategy, a trading plan, numerous...

Everything you need to know is available for free on the internet. However, keep in mind that it takes time to become proficient in your knowledge and skills. So keep learning. You can opt to look into babypips and investopedia, both of which offer excellent learning materials for beginning traders.

Trading is an inherently risky endeavour. There is always an element of uncertainty and there is nothing one can do about it.