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Lack of discipline and consistency are the major reasons to lose in Forex. When a trader is not punctual and disciplined in his trading and learning, there is no way he can succeed in the market.

My advice to you would be - Don’t rush for profits. Give time to learning concepts and practise on a demo account before trading live.

@andengireng I think you are mistaken, min deposit of xm is only $5 not 5k, and they have a good enough reputation in the market. But if you don’t want to use them upto you, there are plenty of other good options like fxview and fxtm which have low min deposit requirements.

Scalping is a quick-paced game and only those who make profits through scalping are knowledgeable enough and are highly skilled in trading. For others, there is no chance until they make a conscious effort to get skilled and knowledgeable about the market.

Everything will happen eventually - profits will follow on their own. If we force profits into our trading, they will never follow because we are focusing on our profitability rather than our efforts. The knowledge we gain through books and courses, the practice that we do on a demo account, and...

It basically tells the trader that there is a change in the trend and momentum reversal from prior leading price action. Traders then decide how they want to move about the matter, either sell or hold until further changes.

There could be multiple reasons traders lose money in the market. The main point being lack of understanding the market sentiment and psychology. Traders need to make it a point to learn where they stand and how to maintain a level of consistency to save their accounts and protect their capital...

Your lack of knowledge could be one of the causes of your massive losses. However, you do not need to be concerned. You simply need to expand your knowledge and expertise on the subject. Upgrade your knowledge and start concentrating on practical knowledge rather than theoretical knowledge.

Oh yea, those are good one. I’m currently trading with fxview and using macd and rsi indicators.

It is necessary to learn manual trading. it is good you have started learning automated trading. but how will you use an automated trading system effectively without having proper knowledge of manual trading? Think about it.

In my experience I will say that EMA is the best indicator for scalping. It is fair enough to say that EMA reacts to recent price changes more quickly than to previous price changes. This technical indicator is used by traders to find buy and sell signals that result from historical average...

I absolutely love and enjoy trading forex. You cannot make the best out of your decision making and technical analysis unless and until you do not enjoy forex trading. I started seeing this difference when I changed my mindset by learning about trading psychology. I started fearing less, being...

During the learning process, traders will realise that patience is the only real tool they need to move forward carefully. It takes time to master the art of trading and decision making. Traders need to practice, analyse and create a strong strategy that will help them overcome their fear to be...

I, too, don’t believe in a ‘holy grail’ strategy. Traders need to backtest on a demo account and try out different angles to get one that works according to the market conditions.

Everything will go fine once you are in the process. Expecting to trade perfectly from the start will not give you the results. Let mistakes happen, and do not focus on them in a negative way (if they make you feel bad, pay attention to something else until you find yourself in a better mood).

Leverage needs to be focused upon as it can make huge profits or make one suffer huge losses at the same time. So, it is crucial to choose the right leverage. Beginners need to keep an extra vigilant eye on their leverage.

Hello! It's so good to see new people around here. How are you doing with forex trading? Good luck carrying on with your dreams.

The currency market is open during regular business hours in four distinct time zones around the globe. The most active trading period and finest trading chances are during the overlap of the U.S. and London markets (8 a.m. to 12 EST). This is considered as the best time for trading forex as...

Honestly, I don’t believe in a holy grail system because not all strategies work according to different market conditions. I think it is better to learn how to move with the market to avoid major loss on the whole. Also, everyone has different plans, right? I don’t think relying on one strategy...

Hello, welcome to the forum! When approaching the market sentiment, it is only logical to rely on knowledge rather than indicators. As a beginner, concentrate on learning new skills and study market psychology. It’ll help more! Good luck.