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Actually, I don’t follow any trading routine. Whenever I am free, I look for trading opportunity, most of time its 12pm-3pm.

Both Knowledge and Broker are important in trading. Knowledge give you trading information and broker platform execute your trade effectively.

Loss is unavoidable in trading. However, don’t make loss trade due to same mistake over and over. Try to find what cause the loss and overcome it.

Finding proper entry and exit point of a potential trade is important. So, specify that in your trading plan.

The market is changing continuously. So, you have to adjust your trading strategy according to that. Otherwise your profitable strategy will become a dessert.

Loss is unavoidable. So, accept it as a part of trading. Don’t over trade because of loss.

You can make profit rise and fall market unlike stock market. Forex is also easy to start.

I also think that. There is no holy grail in trading. So, instead, focus on learning about the market rather than looking for some magical indicator or strategy.

Forex trading is risky. However, it can be controlled by proper risk management. So, new traders should learn about risk management.

Choosing a good and reliable broker is difficult especially for newbie. New trader often encounters scam broker and loss lot of money.

Controlling emotions is possible in trading. However, fully stop feeling emotion in trading is hard to achieve. It is better to feel less at making trading decision.

I agree with you. 100$ is enough to trade and make healthy profit out of it. If anyone invest more its up to them. However, I recommend to invest what you can afford to lose.

You are right. However, beside knowledge and experience, trader need trading psychology like discipline and patience.

Pip is the fourth decimal of the price for all currency pair except JPY. For JPY its second decimal of the price.

FX or forex is undoubtedly the biggest investment market in the world. People around the world come to the market because it is an easily accessible market. However, it is more risker than any other market.

I think trader increase lot or over trade due to fear of losing money. So, it is best to invest what you can afford to lose.

New trader should use demo account first. They can experience trading by not losing money. After that, invest small capital.

Practice can build confident. Demo account is the best way to practice without losing money.

Risk reward ratio is essential to survive in the market long. I recommend not to use less than 1:1 risk reward ratio.

There is leverage facility which make the trading easier for small trader. So, it does not matter if you have small capital, you can still make big profit with leverage.