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Sounds really informative, would you mind sharing some channel names? :)

I personally don't think it's a good idea to use one if someone doesn't know much about trading, it makes things that much more risky. That's just my view, though.

Like a few previous replies have mentioned, learning is the very first and one of the most important steps. There are free online courses available as well as sites dedicated to providing information on financial terms. You need to learn the basics of risk management, understanding the market...

It would be impossible to answer this with a simple yes or no - it depends on a lot of things. Forex robots are always risky. If you are already a successful trader and you just want some extra money, I would say it might not be worth the risk. That's just my personal opinion, though.

I can only reinforce what others have already said: there is a lot of information online that you can access for free. It's best if you take matters into your own hands and use a demo account at first so you don't lose any more money. Some good sources online include Investopedia, the BabyPips...

I agree about forex gurus, and business gurus in general should be approached with caution. Expensive courses and conferences claiming to teach you how to make six figure incomes and things like that are often suspicious to me. Many of them make me feel like they target people who are struggling...

The number of winning trades doesn't tell you much about your profitability. To answer this question, you need to analyse your own trading results and look at things such as risk-to-reward ratio and drawdown. You can have many winning trades but if your losses are excessive or your trading...

I'm a little confused. What do you mean by this?

These are mostly sound tips, but I would like to add something regarding the point "no risk, no success". The high earning potential on the forex market definitely comes with high risks, for sure. But don't make the mistake of thinking if you risk a lot, you will earn a lot. In fact, mitigating...

While everyone's trading plan will be somewhat different and unique, there are some rules of thumb worth considering. One of the first steps is to decide what type of strategy you want to start with - I think for beginners trend following strategies are a good choice. Then you should make sure...

I totally agree, a trading plan is absolutely essential for every trader, whether beginner or experienced. Sometimes people underestimate the power of trading psychology, but sticking to your trading plan even if you are fearful or overconfident or angry is an important skill to cultivate.

That's true, especially if you can become a developer who can work with blockchains. There aren't a lot of people like that and it is and probably will be a very in-demand profession.

The best way is to learn about doing technical analysis and read about different trading strategies, then choosing a strategy and following that. Trend following strategies are usually the most suitable for beginners. For example, trading based on support and resistance is a good one.

There are free online courses that are really good starting points. BabyPips and Forex Military Shool are good examples.

I like classical music too, it doesn't distract you too much. But most often I listen to dubstep, or binaural beats when I need something more "chill".

That's quite impressive, and very rare from what I have seen. What niche are you working in, if you don't mind my asking?

It's better to check more than one source to see if a given company seems legit, but TrustPilot is indeed a good starting point. Just remember that there are always comments/ratings - both positive and negative - that are paid for by the company or its competitors, so it should all be taken with...

I'm not sure about what you are asking about. I think forex is great, a very versatile market. There are other options as well if you think forex is not for you, but there are a lot of reasons why people love forex.

I would put a part of it into cryptos (Bitcoin and Ethereum mostly, and with a sound investment plan, of course). Another part would probably just go into my savings account.

I don't think it's the best strategy, support and resistance is more effective in my opinion.