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But before trying on live account, it is good to try on demo account.

Make yourself capable first for trading. Invest your time for learning. Most traders start to run for different strategies. They ignore the learning process. As a result they drop from the market very soon. Focus on developing skills.

Yes you are right. Scalping requires good skills and experience. It is not for novice. It is not for them who is not good psychologically.

To win forex market, you have to be good knowledgeable and expert. You also have to be psychologically expert.

Yes knowledge becomes effective or powerful when it is applied properly. Without proper use of knowledge, making money in trading is not possible.

There are lot of common mistakes every trader do when they are new. I also did the same. Like opening trade position before big news events and after the news events. Opening too many lots is another mistakes. Risking more than 1% of the capital is also a mistake. Another big mistake is...

Yes to be successful, one needs to figure out how to make money without losing money. Success in trading is the combination of few skills. And it takes time to get them

Trading without stop loss is possible if you have that type of skills and strategy. Many people do hedging as a risk management policy instead of stop loss. Some do not use any of them. It is all about how much skilled you are. And what you are comfortable with. You have to find out your...

Yes the skills that needs to be consistently profitable, takes a lot of time. It takes years of practice and experiments. Getting the technical knowledge may need less time but getting a mindset takes time.

Success in forex trading depends on how skilled you are. If you are not skilled, you will be kicked out from the market soon.

Yes accepting the loss is important. Most people can not accept loss. As a result they take revenge trades and lose more mony.

Success doesn't come easily. First you need to understand what you need to get success in forex trading. You need know that forex is not a get a rich quick scheme. You need specific knowledge and skills. And for that knowledge and skills you need to invest your time and effort. You also need to...

If you do some searches you will get lot of good books on forex trading. Pdf of those books are available on different websites. You just need dedication and willingness.

Yes people forget that money comes from skills. But they want to make money without skills and end up doing gambling.

New traders become restless to make money. All day long they try to find out new entry. Even their night is sleepless. But the fact is to make money in trading you need a calm and relaxed mind. When I was new I was also in a hurry to make money. It's because most of the time we are given wrong...

Loss is a part of forex trading. That's why money management and risk management are important in trading. Every trader should take measures to reduce risk.

The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.

Trading forex is easy but making reliable profit is the troublesome part. For that you require good learning, skills and experience. You can't plan to profit just by entering into the market. You have to learn the specialty of trading.

There are two noteworthy analysis for trading. Those are technical analysis and fundamental analysis. A few traders utilize technical analysis as their trading instrument, some are utilizing fundamental analysis for their trading. Also, there are traders who consolidate both technical analysis...

If an individual wants to make money by forex trading, he needs to be highly skilled both technically and psychologically. Otherwise it's not possible to make money here.