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Avoid or control all kind of emotion in trading. Trading with emotion can be dangerous.

People do not need high capital to start in forex trading unlike stock. Even $100 capital is enough to trade effectively.

However, many traders come to the market by thinking that they will earn unlimited money. But, in reality making small profit is hard.

Learn the proper way of trading. New traders should not think of making money first.

It is true that Forex market is a risky and unpredictable market. Trade safely.

Gambling only give you short success. But in long run you need proper analysis and strategy to make consist profit.

10% is good return per month. But I am currently focusing on gaining only 5% return per month as a new trader.

That’s why traders need proper dedication and patience to make consistent profit.

Right. Don’t use any new trading strategy before back testing it. And improve until you get your desirable result.

Just take a break from trading if you feeling stress. Clear the mind and come back later.

True. Leverage gives access of more money what needed proper money management.

Right. I trade on European sessions most of the time. That is my favorite session to trade.

Always place SL in every trade. You can adjust later based on market condition.

Forex trading becomes more popular due to COVID-19 lockdown. Forex is one of the best online income sources nowadays.

True. Traders also need practical knowledge. Both demo and real trading are important for learning.

I also agree. Traders need to survive in the market as long as possible.

There are lot of scam brokers in the market. Regulation is the best way to avoid those brokers.

I agree. Enter the market when trend is strong and leave the market after trend become weak.

True. It is hard to avoid. Accept the fact and learn from your mistake. That is the way of trading.

It is important to find right to enter and exit from the market to make maximum profit.