Search results

Some will get wrong idea of quick money. Scalping is not the scheme to become quickly rich. Scalping is the strategy where you spend short time to analysis and trade.

New trader should focus on gaining knowledge. They also should practice in demo account as much as possible before entering real trading.

I also prefer forex as part timer. It helps me to reduce trading pressure. If it is my main sources of income, it will definitely give extreme pressure which can hamper my trading plan.

Yeah. Using leverage is kind of risky. However, it gives small trade opportunity to earn big.

Most of the new trader are less intertest in learning. They always want live action. So, they end up losing lot of money in the beginning.

Math is not the matter in trading. Broker will calculate your all trade pips, value etc. Trader need the knowledge of the market.

Broker which provide low spreads and fast execution platform. Those are essential for scalping.

Trading system or strategy is very important to make consistent money in forex market. Without that, you cannot possibly hope for long term success.

Forex is kind of investment market whether currency is going to rise or fall trader can make money. It is the main different from other investment market.

Major currency pairs like EURUSD, GBPUSD are most popular and traded pair in forex market. Broker also provide low spreads in those pairs.

There is no place for gambling in trading. Trader have to analysis the market to trade and make profit.

Good profitable trading strategy is essential. However, I recommend to build one yourself. If you find a good strategy in online it might not suitable to you.

Review and rating are helpful. However, I recommend to use demo account before investing any money.

Demo account is the best place to learn. You can test your knowledge in trading for free.

Unrealistic expectation is one of major reason for failing in the trading. Especially new trader makes that kind of mistake. Knowledge is the main power in trading. So, try to acquire it first.

I think every investment source has its own way to earn. However, you should ask the question as it is easy or hard to learn forex trading.

Higher timeframe gives more accurate information than lower timeframe. However, timeframe depend on trading strategy. If you are a scalper, you have to go for lower time frame like M5, M15.

Trader need to have a realistic expectation in trading. However, most of the new traders come to the market with unrealistic expectation. Then they feel miserable.

Both are good source of learning Forex. However, I prefer online resource because I also learn trading in online.

Most of the time trader quit the trading. Actually, I never blow my real account. But in demo account I lose whole account capital couple of time. However, I never loss hope and I keep trying.