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It is a very wrong idea to go against the market. It means if the market is in trend, follow the trend. If the market is in consolidation mood, trade according to that. Going against the market will end up you to getting margin call. To know more about market you need to study more.

I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair.

To find a good broker you can do research on Google. Check whether the broker is regulated or not. It's the most important thing. Then check the facilities you are looking for.

Though forex market is not a place for gambling. But unfortunately many are doing nothing but gambling. It is because of not having enough knowledge and skills.

Yes loss is the integral part of trading. We need to develop skills so that we can have more winning trades than losing trades. Otherwise it is not possible to survive in the market.

There are lot of factors that can cause loss trader. But for majority of the traders it's the lack of skills and experience. Psychological factors are also responsible.

Forex market is unpredictable that's why it is not so easy to make consistent money. Very few people can master that skills.

For short term traders and scalpers spreads is very important. As a day trader, I like floating spreads. That's why I always prefer zero spreads account with commission.

It depends on your tolerance level and also on your winning percentage. We need to make every aspects of our strategy to set risk percentage.

You have to how adapt with changing market. Market doesn't behave same all the time. You also need to learn when to trade and when to just sit the sideline.

Education is the most important part of forex trading. Without skills and knowledge, it's not possible to make money here. Without skills, trading becomes gambling.

Overconfident is a killer. You can not be overconfident in Forex trading. There is no option for that. You have to be logical in your trading behaviour.

My favourite is GBPUSD. I like it because I think I understand this pair more than any other pair. It's about being comfortable with.

Indicators are helpful if we can use it properly. People are so impatient that before the indicators showing signal they open trade. It is not a good thing to do while using indicators.

Consistency is the key to increasing income. However, is not easy in forex trading. Trader need a good profitable trading strategy to do that. Moreover, market is changing every day. So, adjust trading plan according to that.

Most traders don't give emphasis on learning. They are so much obsessed with the thought of making quick money that they overlap the learning part.

Usually new traders do it. They can not sleep at night properly. I can remember my early days. Later I got to understand that we only need to know when to observe the chart.

I prefer mt4 for my trading. I have tried other platforms but in mt4 I feel comfortable. If you understand and feel comfortable in mt5 you can use it.

Many are making good amount of money by trading but the numbers are unknown. Usually most successful traders do not tell their story in public and which is logical.

Yes I agree with you. Newbie should not trade on big news event. Most newbies blow their account during big news events.