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We suffer loss because we trade in the opposite trend of the market and that’s why we should give trend identification the highest level of priority.

No strategy gives traders 100% profit but I follow scalping strategy because I am good at long term trading yet. With time to time testifying, a good strategy is developed.

A better plan is made combining different aspects of trading like market condition, technical and fundamental market position etc.

A strategy is generally made with a set of indicators and traders should testify that strategy for a long period of time to have better result.

I want to take forex as a part time profession besides other profession because I think it will add to my present earning.

Long-term trading is a popular way of trading among traders and traders have to be patient enough to hold a trade for a long term.

An in-depth analysis is needed for Forex trading and you should make a weekly routine of trading based on your analysis. Right analysis will bring discipline in our trading.

Lower your mistakes and try to general accurate signals on the market by market analysis.

Moderate leverage using should be practiced by traders because it will keep traders out of risk. The higher the leverage is, the higher the risk is.

Most of the traders are inflicted with this bad practice and they want to take revenge on their losing trades which drastically reduces their equity.

Scalping is a good approach of trading for which we need an advanced technology-providing broker because with such brokers, we can execute our trades smoothly on time.

ECN brokers are always preferred because they are technogically-advanced. STP and market maker brokers come later.

There is no lack of trading brokers on the market but there is lack of regulated brokers. So, while selecting a broker, check whether the broker is regulated or not.

Money management is a must to be followed. We should keep our trading risk lower so we can survive in the market for a longer time.

Many brokers allow traders with big leverage so traders have financial freedom in this market.

Some traders ask whether Forex is a losing game. I would say that it’s completely a wrong thought. There are large opportunities for earning more.

Small capital is quite better than investing money with lent money. Try not to take big risk on your small capital because it will take away your capital from you.

I want to stick to demo trading as long as I stay with Forex market. Demo trading helps a trader retain his trading experience for a long term.

It depends on market’s available opportunities and how much you are making the best use of those available opportunities.

Some traders take forex as a job whereas some others take it as a business. But I think forex is a business because in a job there is a fixed earning but in forex the earning isn’t always same.