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EURUSD is the most traded currency in the world. Due to the demand of USD and EURO it happens. Though I personally prefer GBPUSD for my trading. It is my favourite pair.

Overtrading is one of the reasons people lose money in the forex market. It happens due to lack of discipline and proper plans. You need to have good plans and execution of those plans. Otherwise you will keep losing money.

Trading for living is possible but not by everyone. For this one needs good skills and experience. Great analysis skills and trading psychology is needed to make money in forex market.

Demo is to test our strategy before trying the strategy on live account. For newbie demo is to know trade mechanism works and also for testing strategy.

One book every trader should read. In trading psychology plays an important role. To understand about it one needs to read "The Disciplined Traders" By Mark Douglas. It's a real gem.

Learning never ends. There is always a scope to improve knowledge and skills. With changing market we always need to improve our skills. Read as much as possible.

To be successful in forex trading, one needs to develop good analysis skills and a mindset of a winner. It takes time to get skilled. Give your time in learning and study. Best of luck.

For starting one should not invest a lot. Many people think if they had big capital they would make a lot of money. But the truth is if you do not have enough skills and experience, you will lose all the money. No matter how big or small capital you invest.

For short term traders stop loss is very important. But placing a stop loss is not very easy. Most of the time you will hit stop loss if it's not placed in the right place. It requires good skills and experience.

Yes every trader should have some rules of what to do and what not to do in trading. It can help to reduce making mistakes.

Firstly you have to learn how to trade forex online. Then you have to develop skills. Without analysis skills and mind control regular profit making is not possible. So focus on learning.

After loss trade some people do revenge trade. They become desparate to recover the loss. But revenge trade brings more loss. A trader should stick to his strategy and plan.

Yes knowing your weakness and strength is very important in trading. If you do not know what's your weakness you won't be able to improve your trading.

Most traders do not get success because many of them are not skilled enough. And many of them are slave to their emotions. They take decision by their emotions.

Yes everyone newbie should practice and focus on learning. In forex without skills earning is not possible. No matter how long you are trading. Skills and experience is the key to success.

For initial stage small capital is okay. But to make a living by trading one needs good amount of investment. But at the same time one should not invest big amount unless he is skilled enough to make consistent profit.

First mistake most traders do that they think trading doesn't require much knowledge and skills. Second mistake they do - they completely ignore psychological aspect of trading.

Making profit by forex trading is possible but it requires a lot of knowledge and skills. If a person is not willing to dedicate himself in developing skills he should not come into forex trading.

Long term trading is most ideal for a new trader as it prevents the chances of losing big money. Problem with short term trading that it makes newbie to do overtrading.

Newbie should avoid scalping as it can ruin their trading psychology. Most traders develop overtrading habit by doing scalping in their early trading life. Then they struggle to change that habit.