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I have made so many successful trades by using two or more strategies for different forex currency pairs without using indicators. I feel indicators are useless and most of the time don't give the correct information.

@lioneld and that is why to make it easy for them in the future , it’d be a really good idea to add forex in the school syllabus. With forex students will learn about the market and price movements. They will get a lot of knowledge about different kinds of trading pairs. This would only help.

@Oscar Shumack I always set up a daily target of 20 pips but manage somewhere between 10-15 pips everyday. And I am with you on this in forex, it is never easy to meet your daily target due to irregular market movements and high volatility.

Greed will only lead to failure and losses. I strongly believe it's the overconfidence that drives a trader’s greed. One good trade and traders begin to feel that they know it all and trade in every market condition. This is where they need to control their emotions and execute trades when...

EURUSD is everyone’s favourite and pretty common in the forex market among major currencies due to its predictable price movements. I on the other hand prefer USDJPY, the price fluctuations are very high and profit making opportunities even more.

@Alexander Hudson true but knowledge is not enough, as far as i know scalping could get very complicated and without practice one cannot pull off profitable trades.

I believe with the current market situation every trader would accept that price action trading is a pretty good strategy without a doubt.

@Smash Fun You are right but what is happening these days is that new traders watch a couple of trading videos and learn about some indicators and a few market terms. Right after that they begin trading on an active account without a proper research or study and in the end they lose all their...

Totally agree with you on that. Practical decision making is very important. People may think that yes I can make decisions well, however implementing the same in trading isn’t that easy. One should have proper self control. I think, if people try to do that, then half their problems in trading...

What’s there in life without some risks? That’s why I think that if I have adequate knowledge, I can take part in this competitive and unstable market and hope for some profits

First determine your bad habits, be it fear, stress, greed, or something else, and think about it from a different person's point of view. Whenever you feel overwhelmed by any such negative emotions, turn your system off and detach yourself with the help of music or whatever works for you. Take...

New traders should realise that learning in forex is a never ending process and that theoretical knowledge is of no use if you don't practice regularly. I still re-analyze all my strategies, make a backup plan and do detailed research before committing any trade on any given day.

I feel a demo account works for a novice trader to an extent, that is for practicing their trades in real market conditions but with virtual money. However most of the newbie traders get overconfident with their demo results that they endup trading with their savings which is not advisable and...