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Forex is a market of currencies and commodities so you can trade anything depending on how much risk you can take. Those who can take high risk in trading can trade commodities otherwise currency trading is good.

Forex is challenging with its twisting trends and ranges and you cannot but depend on market analysis to capture the right market trend.

Demo trading is needed for knowledge earning and especially practical knowledge which is badly essential to improve our trading style.

Luck and skill both are needed because I saw many traders suffer losses even though they are skilled. But skill is obligatory to shape your luck.

Traders have to take their decision in a cool mind so they can reduce their failing rate.To lower stress, I take a break from trading because it helps me refresh my mind.

Scamming has become so common affair nowadays so traders’ cautiousness is important to catch a scam broker.

To have to good insight on the market, we have to be technically clever. Technical analysis provides traders with trend-specific ideas by identifying support and resistant levels.

Start your journey with demo trading and don’t care about those who suggest you to live trade first. If you find good result, only then you should go for live trading. But right selection of broker is needed. Your initial investment should be small.

Excitement makes us unstable in forex trading. Analyze the market proper and take logical decision to reap gain on the market.

Making sustainable strategy takes time but traders have to wait for so and testify their strategies accordingly.

Indicators indicate us the right way though not always. To me, moving average and fibnacchi seem to be good indicators even though some traders won’t agree with me and they have different observations too.

We expect freedom from our profession but we hardly have so. But forex is such a profession that can allow us with sufficient freedom and earning opportunity.

Risk management strategy is an attempt to minimizing trading risk like lowering leverage, trading in low spread-consuming pairs and using flexible spread etc.

Market analysis is of two types, technical and fundamental analyses. An in-depth analysis is needed for Forex trading and you should make a weekly routine of trading based on your analysis. Consider time frames at the time of analyzing.

Forex runs on economic condition so it’s your primary duty to analyze all financial affairs happening around the world. It will help you better forecast the market. Besides learning, start trading with a regulated trading broker.

If you want to stay risk-free don’t use high leverage in your trading even though you have the option of using high leverage. Using low leverage, trading in low spread-consuming pairs, avoid trading during volatility fall in the category of risk management policy.

Fear falls in the category of negative psychology so as fear never carries good result for us, we should always try to get rid of it while trading.

We are very ineligible in setting our target and even we don’t know what we should do to develop our trading skill.

Negative psychology like emotion, impatience always hurt traders whereas positive psychology always helps traders.

I always try to engage emotion in my trading because it brings negative consequences for me. But sometimes the opposite also happens due to the market condition.