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You fall for a scam when you stop believing in yourself and what you have learnt. Traders tend to find shortcuts when they fail at achieving the expected profits which leads to scams. Better don’t choose deals that come with any kind of guarantee. Any lucrative guarantees are a scam.

I’ve used trading bonuses multiple times. TurnkeyForex provides a bonus on every fresh deposit and tbh I don’t have any bad experience. Infact it helped me increase my trading capital. You just need to find a reliable broker offering bonus and you are good to go.

If we compare a job and forex trading, finding similarities is quite simple. Just like a new job where you have to first understand the nature of the job, you have to understand the nature of the forex market before you execute any trades. Being successful doesn’t mean being 100% profitable. It...

It’s common for traders to make losses when they are just exploring the forex market. But if they make it a habit to repeat the same mistakes over and over again, they are probably taking it lightly. Knowing which trades to enter and which ones to avoid is crucial for your success. Never make a...

If it’s about beginning your trading career, you will be good to enter the live market after a few weeks. Real learning and practising will happen in the live market. But I will suggest that you should keep using your demo account even if you have started trading in the live market. You can test...

If you keep looking for shortcuts to make money in the forex market, you will get scammed. If you really want to make money, take the long way or don’t trade at all. At least the money you have would be kept safe.

A specific profit goal may be useful sometimes. We can exit our position anytime but if we set a limit for profit we can secure our profit. It may be limited but it will be secured. If we do not set a goal we may fall into our own greed trap where we would like to get a higher price but end up...

A person with good learning ability may grasp things quickly. Others may spend more time learning a concept. But practice in both cases needs to be extensive. Only practice could make a trader experienced with different situations that arise while trading in a live market.

When there are scams happening all across the globe, I think it’s normal to expect scams in the forex market as well. But there is always a way to stay protected from these scams. Look for red flags in the starting before it’s too late to act. Try not to fall for deals that are far away from...

I prefer floating spreads. Fixed spreads might help you make prior calculations but with floating spreads, you have more chances of saving on your trades. The market keeps running all the time and floating spreads help you take advantage of the fluctuating market conditions. I think it’s better...

Your knowledge is the building block of your trading career. I am not saying that you will be able to understand each aspect of trading through learning. But your knowledge will surely prepare you for the live market and let you know what is happening around you and what you shouldn’t be doing...

It is okay to switch brokers until you find the best one for you. Only when you start trading you experience the actual trading conditions of the broker. And they might not always be favorable. I tried so many different brokers before finally settling with turnkeyforex last year, and now I have...

As a beginner, your focus should be on learning new skills and enhancing your knowledge. Profit-making comes secondary. Control your greed and start analysing the market before you take risks.

It’s true that risks are an important part of trading and you cannot move ahead without them. As long as you are analysing the market properly, you don’t have to worry about anything. Just calculate what you should risk per trade and move accordingly.

It’s all in your mind. The more seriously you take forex trading, the better you get at it. There is no denying the fact that forex trading is like any other profession. You have to learn it, take risks, face challenges, and focus on your goals if you want to make it work for you.

Meditation is surely a great way to calm your mind and get back stronger. But it’s definitely not the only thing that can help you. If you love playing a game or taking a walk, these can also have the same impact on your mind. It’s just about distracting your mind from the stress of trading. So...

Okay, but for what? They won’t teach you anything more than what is already there on the internet for free. If you wish to take help from experienced traders, forex forums are a great help.

Forex trading is for those who are ready for the challenges and can manage risk and money. In fact, these challenges make you successful over time. The more you trade, the more you understand the market and the more you learn.

I have to say YES. If there was no internet, more than half of the world would have not known about forex trading and the number of forex traders in the market would have been too low too.

Yes, sometimes. But mostly, I browse the internet to read about forex trading. Websites like investopedia and babypips offer nearly all the information that you need to trade forex. Also, the forex forums are a great place to learn from traders across the world.