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SL is very important in any trading strategy. It reduces loss. Knowing perfect SL position is also important. So learning about that, you can minimize your loss

Forex is a risky market. Without knowing anything, trading can cost whole saving of a trader. So learn before investing money in the market.

leverage is the main what make the forex market so risky. Trader should learn about leverage and chose broker according to what they provide. Sometime low capital trading with low leverage is difficult due to margin call. So, trader should careful before choosing leverage.

low spread is important especially for scalper. Scalper deal with small pips. So spread take huge affect in profit or loss. Scalper should always choose a broker which provide low spread in their trading currency.

Emotions is a negative side of a trader. It is very harmful in trading if traders cannot control it. Sometime trader don’t follow their trading plan and execute trade with emotion which lead them great loss in long term.

There are lot of ways to make money in forex market. But I prefer manual trading rather that auto or copy trading. If you have enough knowledge about market, it is not so difficult to make money in this market.

I want to trade with indicator. I like ichimoku Kinko Hyo indicator. For me, it is best for breakout trading.

Trading is not a game. Trader should think that as profession. Otherwise they can make a healthy profit from it. Many traders also gamble in trading which is not good for long term trading.

Trading forex is simple. But making profit from it is not easy. Trader should have proper knowledge and skill to make profit in forex trading.

Trader should learn how to trade forex and make consistent money. But it not so easy or impossible to do that. Knowledge and experience play vital role in the sector. Build a profitable strategy and test it in demo account. Apply it perfectly which will bring you success.

Forex gives a greater opportunity to earn money. However, the risk associated with the market is even greater. The number of failure trader is bigger than successful trader. So, gaining knowledge is essential before investing in the market.

Scalping is a short time trading strategy. Trader use less time in analysis and jump in and out the market with couple of pips profit/loss. Usually, the part time trader prefers this kind of strategy.

Trader should choose broker which is regulated and licensed by top tier regulator like FCA, CYSEC, SEC, FMA etc. Trader should also verify this in both broker and regulator website.

Trading without demo practicing like jump into the ocean without knowing swimming. Without demo practicing, there is 95% probability that he/she will lose all invested money. Demo account is free. So, trader should use demo account first. Then think about investment.

I can agree with that. I think reason behind it lack of knowledge. Most of the trader quitting the market. Because of high leverage, with couple of losing trade, traders lose their whole capital.

Bonus is useless. Broker give that as unwithdrawn able money. You can only trade with that. Profit and loss will add or deduct from your capital.

That’s true. Without those knowledges, trader have no future in trading. First practice in demo account then in cent account. After that think about big investment.

Forex is a risky business. To become successful, traders should use proper risk and money management. First learn about that and practice in demo account. Then think about investment.

Trader should not be confused in trading. Self-confident is an important fact. It is very hard to recover loss.

That’s good point. Every trader has own unique perspective. Trade in your own way. Make a realistic goal what you can achieve.