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Risk must be as low as we can manage, our capital, and loss too. Forex is risky business so always calculate the risk as minimum as we can to minimize the loss within the market.

There is no proper day concept. You have to find the right entry for your trading so that you can make a good trade and make profit with it. Your analysis will help you for this.

You need passion for any work that way you can do it in best way of your side. If you know what you want in your life then you know how to handle the situation and what you are going to do so that you can have your goal.

The person with trading ability can do work here and make money. Broker is important but you need trust first for the broker, so be careful while working here with any broker of your choice.

In Forex trading, a trader must invest his time for learning the market. The emotions play important role while you are trading so be careful while you are in trading mood.

Many traders are believing that Forex is short way to making huge money which is not true at all. Forex is risky way to make profit or survive in this market.

Right, every trader is having his own choice for trading and according to that they choose the strategy and work here. Same, the success is also different as per the traders working knowledge and experience.

I might be too late to reply this because too old thread to be discuss about the currency as the market is changing every other minute, and it is 2 year old thread to share.

Finding a good strategy and working on it is always difficult for many traders because not every trader is good to create new one and start make profit from it.

Demo account is always helpful, if you really want to make carrier in Forex. Then you must be serious about your trading which you are learning with demo. Because that is going to help you for your real amount.

We should avoid over trading or trading without reason. There are many traders who are trading every other hour or every other big movement he catch. It is hard to understand the market is not easy for every person.

Setting a stop-loss order for 1% below the price at which you bought the stock will limit your loss to 1%. A stop-loss is designed to limit an trader's loss on any position.

Forex trading is not that easy otherwise everyone would be succeeding and making tons of profit. This is not the case. Most Forex traders lose money at first until some figure out how to learn from their mistakes.

To start any work, you should be clear for your basic about the work. The same way, you should be clear that what kind of work is and how you are going to use your mind to solve the problem.

Demo account is free toll for us to learn the market without investing any money. You are going to take a market working with it, which is really good way to start your work.

Forex trading is more about fighting off your emotions, greed, despair and trying to stick to a system that works. It will take time, maybe a few months, maybe a year, maybe a few years, but if you are sticking to a plan and always improving, you will get to a point where you will be comfortable...

It is very important to understand that Forex Trading is a job and trader is not easy profession, but when you start making profit on Forex, you will feel like fish in a water, and become financially independent.

If you don’t have a strategy yet, then work on developing one and follow your trading process. Remember you don’t have to use everything you have learned. Successful traders are minimalist, they keep their charts clean and simple.

You have already invested time and money to learn. Now you are int he practice phase. Practice, practice and practice. Find one or two strategies that work for you and just repeat.

We all know how the leverage is important for every trader because it give us a extra amount to trade which we can not manage. And that is why many traders prefer to have a high leverage broker also.