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I won’t say this because forex offers the flexibility to both increase and decrease lot size and thus you have control on your risk. You can also use micro account to lower your risk level.

I would go for mt4 trading platform because it is easy to understand on the other hand mt5 is a good option for stock traders.

For technical analysis, using indicators is a must. But many of us don’t even know how to use indicators properly and different traders follow different indicators.

Professional traders don’t trade for short term rather they open trades for long term. And they trade when they have opportunities available with the market.

Digital currencies refer to cryptocurrencies and crypto investment is really a good investment nowdays because several countries have adopted crypto as a payment medium.

Traders of different types have different strategies. The more flourished a trader’s strategy is, the more his return is.

Even though there is no age limit for trading forex, maturity is needed because a mature person can handle his greed and emotion.

Knowledge is the first and foremost thing to earn before starting forex. To start forex trading, you need a reliable trading broker.

Instruments refer to technical tools and indicators that are used to analyze the market. They are usually used for technical analysis.

Not all traders’ trading journey is soothing. To make our trading journey soothing, we have to focus on skill development.

As forex market analysis is important, we should highly focus on both technical and fundamental facts of the market. It will help us in generating signals.

In the world where unemployment problem is looming large, quitting forex can be a wrong decision. Forex is an ideal source of earning for many people.

Sometimes I feel like giving up and then again get my motivation restored. When I earn big money on average, it becomes a motivation for me.

You cannot be professional at trading without proper trading skill. So, in my view, every trader should work for skill development as much as possible.

Many traders avoid using stop loss which is simply a major mistake committed by traders. A trader should set a stop loss at least 20 pips away from the buying position.

A trader can trade forex with a handsome capital and he is flexible at trading. He can either increase his risk or lower his risk depending on his will.

Knowledgeable traders can carry more profit than an ignorant trader. So, traders should earn knowledge from every source available to them.

Money management and risk management are all should be followed by a trader for better trading feedback.

My skill isn’t yet flourished enough and still I fail to bear profit on average every month. I am still learner and so I will give myself 6 out of 10.

There are some common errors committed by traders and these errors are over-trading, revenge trading, trading with an unregulated broker etc.