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I prefer floting spreads then fixed spreads. Good broker gives you zero spreads account with commission. But I found it profitable than no commission account. In no commission account usually spreads are higher.

Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.

I treat forex as a business. It is also a business like other business. But the difference is most people in forex take impulse decision. This is what make the forex business risky. If you follow the rules of risk management and can control your impulse you can get huge success in this business.

When it comes to forex trading, people become greedy, in no other business they do not expect to make 100$ into 200$ overnight. And due to this greed they never become a successful trader.

Forex trading is not easy. To make it easy it takes years of study and dedication. Problem is most newbie thinks it's easy. Actually they have been told that it's easy.

To shine in forex you require a professional attitude and aptitudes. Without capacities consistent profit isn't possible. Most traders neglect this essential thing. They continue running for strategy without making themselves capable.

Yes, it takes a lot of time to be skilled in trading. This is where people do the mistake. They think few months demo trading is enough. But it's true. To be honest it takes years of study and research to be skilled.

Problem with forex trading is that in here we forget all logics. Market is moving 24 hour doesn't mean you will be able to make money with it. It requires skills and patience to wait for the right trade. Being greedy is not going to help you..

For successful trading one needs to be skilled in candlestick, technical analysis and trading psychology. You have develop skills to read the market. It takes time. Have patience and learn.

Most newbie traders usually trade a lot of pairs but to me that's not an ideal way to trade. Every currency pair has its own movement patterns. If one can understand that it becomes easier to trade. So it good to choose few pairs.

You can't get accurate signals all the time. Usually signals providers give a lot of signals everyday and it's not possible to follow all of them. Most of the time you end up opening all the losing trades.

There are lot of common mistakes every trader do when they are new. I also did the same. Like opening trade position before big news events and after the news events. Opening too many lots is another mistakes. Risking more than 1% of the capital is also a mistake. Another big mistake is...

Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.

Not everyone can be a trader. A person with determination, quest for knowledge, patience and good understanding ability can be a trader. And all these qualities can be achieved if one wants. But the problem is most people do not have that much will power. You should choose the career that you...

Regulations of a broker is very important. Before selecting a broker everyone should check its regulation very careful. Non regulated broker can create problem. That's why it's wise to choose a good regulated broker.

Trading itself is the most risky business in the world. And when you are taking loan to trade, you are actually multiplying your risk. Trading should be done with idle money. Money that you can afford to lose. Yes you can trade with other's money on profit sharing basis. But for that first you...

Without enough skills and experience, it's normal to lose money and get scared. Whether new or old, we are bound to lose money if we don't understand the market and follow discipline.

Some of the traders who fail in here in the forex market is because they are not able to know where their weak point is. This thing will make them not to be able to discover what is the main cause of their losses. Every trader has his or her own weakness and better if the trader discover it quick.

Emotion can never save our trade. Its just can make our bad trader even worse. Though some people says that greed, fear etc. these kind of emotions can be used as positive way, but i personally feel that it is not possible to become successful trader having these emotions, we should try to avoid...

There are many advantages in trading forex. With merely internet connection and PC you can do the trading from your bed. From the Monday morning opening in Australia to the night close in New York, the forex market never rests. In forex trading, a little deposit you can start trading. Leverage...