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True that! No one starts making money from the very beginning. They had to go through losses before they made their first few profits. Traders need to learn to accept their losses just the way they will accept their profits. There is no other way of staying in the market in the long run.

Yes, right! If you can’t control your emotions, you can’t control your trades and results. You have to be logical and analytical to trade.

Both commissions and spreads ought to be low.

I know every forex trader is here to earn money but if there would be 100% chances then why would you or anybody else work for it. All of us could sit ideally, leave all other professions and wait for the money to flow into our accounts.

I agree. That’s why mastering the trading psychology is the hardest part.

Every trader hates it. Thankfully there are low cost brokers out there, but I'm not sure about 0 commission brokers. That means there are other ways through which they are earning.

Trading plan and also maintaining a trading journal is quite helpful to keep a positive mindset and achieve goals.

Sounds interesting! I'll add it to my list of trading books.

But that's how we all are making money. Higher the volatility, higher the risks, higher the profits.

I agree but sometimes even by trying hard to control your emotions you just can't do it. After all we all are humans dealing continously with our emotions and insecurities.

Whenever someone asks me this question I always ask them in return “What are your needs?” Honestly, I’ve seen people going completely blank to this question. Majority of the time we concentrate on finding the right broker but we must first realise that the right broker is the one who can meet...

Can trading get frustrating?

What about choosing a reliable broker? Does that matter?

My favorite is Mt5 as it is equipped with charts, algorithms, tools and much more. You can execute a huge number of trades conveniently.