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Partial profit taking is great when you are a long-term trader and have a large profit goal. This means you are able to take a small profit from your trade. If you're trading for the short-term and your profit goal is 40 to 50 pips then taking a small profit is not a great option. It is better...

Yes, the possibility of good profit that what attracts people in forex trading. But due to this many set unrealistic profit goals which bring their downfall.

To increase consistency, trading psychology is very important. In most cases, after a good profitable trade, people lose more due to poor trading psychology. Most traders do not focus on improving their mindset.

News trading is nothing but gambling. Out of assumptions many traders especially new traders open to trade during a major major news event. Many people blow their accounts this time.

Yes due to high leverage, forex is a very risky financial market. A person needs good skills, knowledge, and experience to make money in forex.

Yes, a profit target is needed. But many traders have an unrealistic profit target. Profit target should match our skills and experience.

Profit targeting should be based on your ability. How much my ability is allowing me that's important. If I can predict a 20 pips movement that should be my profit target.

Yes, it depends on many factors. Especially it depends on one's ability to understand things and his level of dedication for learning.

Yes having a big capital is not enough to make money in the forex market. You need skills and experience to make money here. Without skills, you can lose any amount of money.

We need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following others' strategies.

You need knowledge and capabilities to make money effectively in the forex market. You also need a sound and composed mind that can remain emotionless while trading.

I agree with you. Most of the time we interpret the market wrongly. Due to fear of missing a trade, many times we jump into the market too early or too late.

During trading, one needs to be calm and logical. So that any types of emotions do not influence their trading decision.

Yes, people are more focused on making money than developing skills to make money. As a result, they are not able to make a consistent profit.

Forex is not easy at all. You have to practice a lot and learn a lot so that you would be able to develop your skills. I'm having a hard time learning how to improve my skill as it would need a lot of patience.

Truly most traders don't get success in forex. The reason is their trading decisions are not based on sound research and learning. They think forex is a cash machine. You trade and procure immense cash. They don't consider it as a business.

Best pair is what you understand the most. Every pair has its own unique pattern whether we understand it or not. To find that we need to observe that pair for long time. I personally find GBPUSD comfortable. It doesn't mean you have to like it.

Forex trading is easy for those who have proper knowledge and experience of trading but on the other hand, it is difficult for that trader to earn from Forex trading who doesn't have knowledge about trading and doesn't have experience.so if anyone wants to become a successful trader then he/she...

Yes, the demo account gives us an idea of the broker. Especially the execution of the broker. Many brokers give too many requotes while placing or closing an order.

Intraday charts create more trading opportunities but it can also be the reason for overtrading. That's why intraday trading needs strict discipline.