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Trading style is often correlated with the personality of the trader. Before choosing a trading strategy and creating a trading plan, it is important to reflect your personality and lifestyle internally. Changing styles when trading is unfavorable is a common mistake for novice traders. Not all...

In Forex trading, discipline means that a trader should strictly and accurately follow the rules of the trading plan. At some point, a trader loses all his/her discipline and trade like gamblers. Such a gambler may become favorable in short term but in long term it is very harmful for trading...

Trader should not spend all the time in forex. However, trader can spend most of their time in learning forex trading. Without knowledge, forex trading is most impossible trading market.

The good thing about forex trading is that you don't really need a lot of money to get started, but in fact you can get started with no money at all with a free demo account. But you can start with $100. Most of the brokers offer 0.01 lots for trading, which is enough to make a good profit.

I learned about forex market from my friend. I did lot of research in internet. Then I practice forex trading in demo account. My first investment was $100.

Learning never ends. It’s true in forex trading even in real life. Forex market is constantly changing. So, trader should never stop learning.

Trading plan is essential to trade successfully in forex market. Trader also need to maintain a trade journal. Market is always changing. So trader need to update or adjust their trading plan according to the market condition.

Forex is one of the most legit investment markets in the world. However, there are lot of scam broker in forex market. They are defrauding many investors and steal millions of dollars from them. Almost all regulators around the world are trying hard to warn investor to avoid those scam broker.

It depends on trading style. Scalper open 5-10 trade a day. On the other hand, day trader only open 1 or 2 trade in a day.

Learning is crucial in forex market. Forex market is continually changing. So, every trader should keep learning even a pro trader. Many new traders jump into forex trading without knowing anything and few days quit the trading.

Take at least enough time to learn everything about markets, trading platforms, trading terms (lots, margins, stocks, stops/limits, etc.). Practice trading with a demo account for a month or two. Depending on the time spent on learning, it can take 6 months to 2 years to become a professional...

Traders should make a good trading plan with the right risk-return ratio. But the main challenge is to stick to that plan as traders often fail to do that. It's natural for humans to lose money and want to make a quick profit, but it's a bad idea. You need to overcome this natural tendency and...

Emotion should not be present in the trader's calculations. But traders are also humans, so they should find ways to control emotions. Therefore, it is better to always start with a small capital. Reducing risk can keep trader calm enough to achieve their long-term goals. A logical goal and...

Forex education is very important for effective trading. When you trade, prioritize learning and strategies about what you need to do to improve, rather than what you think is the most profitable. It's not an easy process, but if you can manage the risk properly, there's no reason why you can't...