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Forex trading is recognized as an advanced business that pays a huge amount of money. But most traders lose money because they have no discipline or good strategy. Internet marketing is better for students or people with no capital. You only lose your time if you are not successful in marketing...

You should quit when you use money meant for rent or food. Trading is risky, and you must only use "extra" money. If you are losing your basic savings, stop immediately. If you have lost more than 50% of your total capital, take a long break. You need to study again from the beginning. Don't...

Trading is not a game to get rich overnight. Greed is a big problem for many beginners. They want to make a lot of money very fast without learning. Please practice on a demo account first to understand the market.

Finding high leverage brokers for US traders is very difficult now. Most regulated brokers only offer low leverage to protect retail clients. You should check international options carefully. Trustworthy brokers are hard to find.

I use crypto payment in these days, I am a freelancer and some clients oversea can send me USDT and the rate is better or equal the official rate without any fee!

Does this contest for all traders or exlusively some countries/regions?

If you copy another trader's trades, it leads to confusion among yourself. You don't know why they entered or exited, so you panic when the market moves against you. You must have your own understanding.

You must master one thing first. Like learning to drive, you don't use all the advanced skills on the first day. Once you can make a profit with your main strategy, then maybe you can learn another.

Candlestick pattern is good if you really understand price movement. Many traders only memorize names like hammer or doji, but they don’t understand why it happens. When you know the reason behind the pattern, you can read the chart better.

I stopped revenge trading after losing three accounts. It’s useless and only makes you lose faster. When I lose now, I just close my laptop and take a walk. The next day, I can see my mistake clearly. Trading with a calm mind always gives better results.

Many new traders think high leverage means big profit. But they forget it also means big loss. The big one gave me stress. The small one gave me control. So I stay with 1:100.

I joined the HFM trading contest once. Even though I didn’t win, it was fun and helped me to learn from others. Watching how other traders manage risk gave me good ideas. I will join again next time because it’s both exciting and educational.

For me, patience is the key. When I was new, I opened too many trades and lost. Now I wait for clear signals and trade only a few times per week. HFM webinars taught me about discipline and money management. These lessons helped me reduce my losses.

I agree that opening a broker account is the first and most important step. Without it, you can’t really start trading seriously. I use a broker because it’s faster and more flexible than a bank account. You can buy gold, stocks, or even crypto from one place. Also, brokers often give better...

Yesterday’s retracement was really surprising for me. I thought gold would continue to rise after the recent highs. But this market always finds a way to shock traders. I think many people were too bullish. Still, long-term gold looks strong because of inflation and global tension.

I believe in majority (IronFX and FTX could be exceptions). Just stick with any popular broker that have more than 10 years old in these days. FCA is also a key factor to filter those good forex brokers.

For basic things like analysing charts, it's a good tool.

Do you mean gold or silver trading? I have seen many local traders are using HFM for Gold trading.

I think HFM has a fair bonus system compared to many other brokers. The conditions are clear and not too complicated. I got my bonus easily after following the simple steps. What I like is that it doesn’t affect my trading spreads or execution. It’s a nice extra, not something that limits me.

I want a Forex book that explains risk control. Profit is nice, but risk is bigger. If a book ignores stop loss, I do not trust it. Beginners must learn to protect money first. Good books remind us to be safe. Safety is the first rule.