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Removing negativity from mind is not an easy task. It is a continuous process. Discipline of mind cannot be achieved overnight. One has to train his mind with a lot of determination. Even though using minimum leverage enables a trader to negate risk still it is not the only bad quality that is...

Selecting a robot is a tedious process. There are 100's of automated programs currently available in the market. A trader need to test several of them, assess the profitability and draw down factor before opting for a robot. Also, there are EA's which run well with certain brokers while it does...

It is always better to select a well established broker. However, still there is no guarantee that everything will run smoothly. A broker should be selected based on trading styles and personal needs. Not all broker, even if reputed, will suit every trader. Some traders look for tighter spreads...

Most brokers consider scalping as a simple process of taking advantage in quote delays. The data feed normally travels through the broker's server before it reaches the client terminal. By the time it reaches the client's MT4 platform, the price would have changed in a fast moving environment...

All speculative activities carry certain amount of risk and forex trading is no exception to the same. The leverage gets stretched because of high leverage. It is up to the individuals to practice proper money and risk management to avoid capital erosion through margin calls and subsequent...

Even if you are making profits in the future, do not introduce trading to any friend or family member. This is because trading or speculative activity should be purely based on individual interest. It can never be forced on anyone. Even if some one begins trading out of others recommendation...

A broker should never be chosen because he is very much preferred by some one else. Selection of a broker should be based on trading style, needs and aspirations. A trader may look for quick withdrawals while some other trader would give importance to spreads. Thus, their expectations may or may...

Emotional attachment to trades makes a trader to refrain from closing losing positions. Professionals understand that winning every time is not possible and errors are very common. In such a scenario, a professional quickly closes the position and trades in the opposite direction rather than...

I agree with your opinion that no tips or short cuts do work in the forex market. It is the ability to adjust to changing situations and willingness to learn that matters at last. Trading is all about following a simple set of rules. As long as a trader is willing to adhere, trading would remain...

The best platform, as per my opinion, is NEST platform to trade in the Indian stock market. This is because, the platform directly connects with data feed from stock exchange without going through the broker's server. Thus a trader can experience low latency which is very much a requisite for...

Commodity markets are very much impacted by seasonal changes. To trade successfully in commodity market, a trader should have very good knowledge about the same. Furthermore, commodity market has indirect correlation with stock market. Thus, a trader need to monitor the same regularly. The risk...

Indicators are certainly the key to successful short term trading in the forex market. However, long term trading also requires fundamental analysis that will enable a trader to understand the primary trend. Technical analysis through indicators is always given prime importance because it allows...

Successful trading in the forex market demands not only a near perfect strategy but also application of the same without any deviation at any point of time. In this regard, mind control and determination matters a lot. Unless and otherwise a trader develops these qualities trading successfully...

I am one of those traders who is extremely happy with forex trading. No other profession offers this much flexibility in selecting the work (trade) time. Furthermore, the capital requirement to enter forex trading is very low compared to any other profession. The profitability is also very high...

Without a demo account, it is almost impossible to understand the functioning of all indicators, without any risk. Also, a demo account enables a trader to develop a strategy and test the same without any worries. Last but not the least, a demo account also allows a trader to fine tune the...

More than calling forex trading as the biggest gift of internet, I would say it as one of the best options to achieve financial freedom. There are internet marketeers who earn millions through affiliate marketing. So, considering the same, we cannot call forex trading as the biggest gift...

Not all traders are born mentally strong. That was proven by Dennis in their experiment "Turtle trading" done decades before. However, if trained properly any body can become a good trader. It is all about following the system without any deviation. A lot of determination and mind control is...

In case the forex book which we read is related to technical or fundamental analysis those headings that shows real life examples of application of a technique should be given importance. In case it is related to psychological aspect of trading then a trader should give importance to topics that...

The most important aspect to look for in a broker is the quickness with which deposits and withdrawals are processed. As long as a broker is efficient in the same, a trader can look into other aspects such as list of liquidity providers, spreads offered, regulatory organization under whom the...

As far as deposit is concerned, most brokers allow trading to start with even $1. However, practically, a deposit of $100 is very much a preferred one. As far as platforms are concerned MT4 platform is the most opted platform by trader due to flexibility in usage. It would hardly take a day to...