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Demo account is the best way to start trading without investing real money. If you try trading in real account first, there is a high probability that you will loss whole capital.

That’s true. There is no one perfect in this world. Everybody makes mistake. But trader should learn from that mistake and never repeat it again.

Demo account is very helpful especially for new trader. For newbie, without testing their skill in demo account diving into real market is like a suicide. Moreover, expert trader can also use it to test their skill and strategy.

Yes, I am happy choosing Forex. But, first 6 month I was really hard for me. Right now, I am having a healthy growth of my capital. But in future who know what will happen.

Good advice. If that happen to me, I always take break and refresh myself. Try to clear my mind.

Knowledge is important in forex trading. However, by using leverage trader can make small investment into bigger one. But lack of knowledge trader can lose their whole investment.

It depends on the trading strategy. Long-term trader often uses daily, weekly, and monthly charts. Short term or swing trader prefer using the hourly or daily charts. An intraday trader or scalper consider minute to hourly timeframe.

It is difficult to determine the best leverage to use because it depends mainly on the trader's strategy, money and risk management. I recommend to use low leverage like 1:500 or 1:100 to new traders.

Using SL or Stop Loss is very important for managing the risk of Forex trading. Before traders enter into a trade, they need to be clear about the level of risk they will take with the trade. However, with practice and experience, traders will be able to know the best place to put a stop loss.

How much time a newbie need in the demo account depends on the trader himself and how fast he can learn and understand how the forex market works. Traders should use a demo account until they can make a steady money on the demo. Trading on a live account is more emotional than trading on a demo...

Major pairs are highly liquid and have low spreads, making them suitable for scalping. Major pairs can make a significant profit even in the case of weak movements. The wise choice of currency pairs for Forex trading is one of the most important conditions of a profitable trade.

Leverage trading is a great advantage for many traders, but they also carry the risk of loss. It is important to keep track of open positions or set stop loss to prevent large losses or to avoid margin calls.

The scalping lowers the risk of a trader and, conversely, the chance of making a big profit. When all of small profits are combined, that could be a potential profit.

Creating a trading strategy is easy. However, creating a profitable trading strategy is difficult. To develop a strategy, start with the right expectations. Remember that your goal is to reach positive expectations on all trades. You don't get a positive profit on every trade. The more...

Greed, fear, revenge, euphoria and pride are common emotional mistakes traders make and all of them have the potential to lead to massive losses, which means traders should do their best to overcome them. If traders don't follow strict risk management rules, they will end up trading with emotions.

Emotions are the number one enemy in the market, and learning how to mitigate their impact on decision making is a fairly tough task that can be accomplished with years of experience.

Forex traders do not make a profit on every trade. Forex trading is not a quickly getting rich scheme. If you already have some money, it is theoretically possible to make money. But in reality, 90% trader fail in trading.

For Forex trading, you need to have a good understanding of how trading works and the technical aspects of trading. The starting point for you is to learn the basics and concepts of trading. In addition to gaining knowledge, it is important to understand what is happening in the financial...

In financial markets, regardless of asset class, uncertainty factors vary from asset to asset. Similarly, forex trading also has its own risks and can lead to large losses if you do not follow proper trade management. If you're new to these markets you should know about the risks associated in...

Trading on a demo account can really help FX beginners who want to learn how to trade in FX market without using real money. However, demo trading lacks the emotional rush associated with risking real money, but it does provide training to see the market. It can also give a good feel of how the...