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One of the biggest challenges facing new forex traders is the lack of information around getting started in a market that is especially unforgiving, not only to novice traders but fairly experienced ones as well. That is why having a trading plan is an essential part of any trader's toolkit...

A solid understanding of the financial market you are going to trade on is crucial for building a good trading plan. Having a strong knowledge base will help you navigate a large volume of information in a trading world confidently and make educated trading decisions. No matter what...

Know the markets. Make a plan and stick to it. Practice. Forecast the 'weather conditions' of the market. Know your limits. Know where to stop along the way. Check your emotions at the door. Keep It slow and steady.

If you want to make more money...increase your capital, not risk.

Focus only on the stage you are living. Take small steps. You fall, get back up. Do you fall again? GET UP AGAIN. Take each step looking forward. Your past can be a lesson...but your goal has to be your FUTURE.

You can do everything right and still lose money. The harsh reality of trading: no matter how good an analysis is, there is always a chance that this analysis could result in a losing trade. Accepting that trading is all about probabilities and the ratio of risk and reward is key. Accept that...

If your goal is to trade like a professional trader and be a consistent winner, then you must start from the premise that the solutions are in your mind, not in the market. Successful traders understand that the real challenge is in mastering their emotions and behaviors in the face of market...

Everything that happens in our lives, how can it affect us? Everything that happens in our lives, no matter whether positive or negative, its impact is always what we think. We can take each incident as we want. If something positive happens, its impact on our life can be negative as well and...

In my 8 years epx, i must say, trading converts you in your own psychologist. So your prime focus should be your psychology.