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Yes consistency in trading is very important. Everyone can make some profitable trades here and there. But the real challenge is making profitable trades in consistent basis. For this one needs good skills and experience.

For retail traders like us, leverage is very important. It gives us capability to trade. Without leverage we would need a lot of money to make a decent profit.

Signals is not profitable. Because signal providers give a lot of signals everyone. And it is not possible for anyone to follow all the signals. Suppose you opened 3 trades and all 3 hit stop loss but some other signals were profitable. In average they are giving green pips but you are losing.

When you do not have much knowledge and do not know how to control your mind, you end up gambling. Then gradually it becomes a habit.

There are lot of reasons for losing a trade. One of the most common reasons is not knowing what you are doing. A trader should have a very solid reasons to open a trade.

Most people get restless if they lose any trade. Out of this restlessness they take revenge trade. They want to recover it quickly. Most of the time revenge trades bring more loss. We need to remain calm and wait for opportunity.

Knowledge becomes effective only when we can apply it properly. Execution is the key. Many people can not execute their knowledge due to lack of discipline and plans.

Due to fear, greed and frustration people lose money. These emotions do not let them think rationally. To overcome it a trader needs to study about trading psychology.

There is no easy way to win in forex. Only way to make money here is getting skilled and having experience. Without skills and experience you won't be able to make money here.

Due to impatient people open trade before their strategy gives signal. Suppose I am trading on H1 charts. To open a trade I have to wait to form the candle. Many traders can not have the patience to let the candle form.

You can take forex as main income source. But to reach that level you need to study a lot. It takes years of experience to make consistent profits. So you need patience and quest for learning.

Problem is most traders do not want to manage their risk. They suffer from overconfidence. As a result they lose money again and again and very few learn the lesson.

Always invest small amount unless you start making money on consistent basis. Once you are making regular profit, you can invest big money.

To control emotions first you need to have enough knowledge and skills. Secondly you have to discipline. Being discipline will tell you when to trade when not trade. Lastly you have to give time develop this skill.

Yes I agree with you. Every currency pair has its own movement pattern. If you closely observe any pair for a long period of time, you will recognize those patterns.

Discipline is the most important thing one should have. Every successful traders has this common habit of being discipline. Every trader should make some ground rules and strictly follow them.

Fear does not let us think logically. That's why traders close trade and then it went in their favour. Fear comes when we not know what we are doing and why doing.

Both fundamental and technical analysis is important. But only with technical analysis you can also make money. For that you need to be careful about big news events.

For successful trading consistency is the key. Some random winning trades do not help in success. Achieving consistency is the key in trading. For that needs professionalism.

Addiction to trading is very common phenomenon among new traders. Most of the time they can not stay away from charts. It happens due to lack of enough knowledge and discipline.