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I agree it take time. But it’s worth it. Forex is one most popular investment market. There are lot of opportunity to make good money.

Beside skill, you also need knowledge, patience, and discipline. Trading is easy but making profit out of it is difficult.

Every trader should have realistic trading expectations according to the skill and knowledge. Some trader thinks to become rich overnight. But in the end, they blow their account.

Scam Existence in every financial and investment sector. Forex is not different. Trader often encounter scam broker in the market. However, regulator always alerting about scam in the market.

Forex is a good investment market. Covid-19 pandemic also make it interesting for the people who want to make money in the lockdown. Covid-19 increase volatility and trading activity in the market.

Most people fail in forex market. If it would be easy be, everyone can earn million overnight. Trader need to be patience in trading. Success will come eventually.

Negative emotion like fear, excitement greed is most of trader’s weakness. Trader often mistake and don’t follow their trading strategy due to those emotion. Trader should learn to control those emotion.

For beginners, choosing broker is one of difficult job to do. They often encounter scam broker and lose money. So, new trader should careful to choose a broker.

During important news release market see high volatility. Some like news trader use it as their advantage and some avoid this kind of situation.

Passion is Important in forex trading. Traders need to be patience in trading. So, without passion, you somehow ended up quitting the market.

Leverage is a kind of loan which is provided by broker to trader. So, small investor or trader can trade big with leverage facility. However, leverage expose too much risk depends on leverage percentage.

I use 1:3 risk reward ratio. That means I set TP 3 time higher than my SL. Sometime I also use 1:4 which depend on market condition.

Controlling mentality as a newbie is important in trading. Trader need a clear mindset in trading. Trader should take short break when they find themselves in doubt mindset.

Greed is a negative emotion which every trade face in their trading career. Trade have to overcome this negative to become successful in trading.

That’s true. Those who come in this market with thought of becoming rich overnight, will surly fail. Forex is risker than any other investment. So, learn about the risk before investing money.

Why should waste this kind of money in learning? Almost all broker provide free demo account. Why cannot learn from demo account?

Forex is not easy to win or make consistent profit. Some prefer gambling. But it only brings short time success.

I suggest demo first, then micro for beginner. Demo account help to learn about trading. Micro account help to learn regarding controlling emotion.

Forex is good in terms of return but it has higher risk than any other investment market. So, investment carefully and focus on gaining knowledge.

I prefer volatile spread rather than Fixed. During normal market condition volatile spread is lower than fixed. But during news release, spread become wider at volatile spread. So, I avoid this kind of situation.