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Confidence is needed but over confidence is harmful, sometime because over confidence then leading trader being greedy in trades, and dare to take high risk in trading witch actually the market very dynamic and not always after trader open trades then will directly get profit.

You can earn money from Forex trading if you can acquire most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a profitable trading life without having a reliable support form a credible trading platform, because the...

Patience is the most required thing you should be effective in trading. Getting benefit from Forex market isn't too straightforward errand to do. A trader needs to know various things already trading with forex market.

It is a very wrong idea to go against the market. It means if the market is in trend, follow the trend. If the market is in consolidation mood, trade according to that. Going against the market will end up you to getting margin call. To know more about market you need to study more.

Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.

A full planning of trading is needed for successful trading. A trader should cleanly knows what he is doing. Most traders do not have idea what they are doing. Out of hope they open trades.

If you are afraid to loss when you are trading then its only means one thing and that is your not ready yet. In forex trading we need to practice in order to earn and we can only become successful in trading if we practice in demo account and boost our trading skills and confidence in their.

Forex is not easy at all. You have to practice a lot and learn a lot so that you would be able to develop your skills. I'm having a hard time learning how to improve my skill as it would need a lot of patience.

Demo trading is important. By demo trading a newbie can get used to trading. Also in demo account we can test our strategy.

No matter what, loss will always be there in forex trading because this market is bound to loss and that is why we must work hard just to ensure that we eradicate part of the loss because we can never get rid of such loss but to minimize it.

To become an expert in trading we need to practice a lot in demo account also we need to read the e-books about trading this will help us to improve our trading knowledge then we have to make our own trading strategy then i hope we can become successful of expert in Forex trading.

Yes I agree with you. Most newbie traders do not follow risk management rules. They live in a false world that no matter what they can make money by taking high risk. Some random profitable trades make their perception strong.

Make yourself capable first for trading. Invest your time for learning. Most traders start to run for different strategies. They ignore the learning process. As a result they drop from the market very soon. Focus on developing skills.

Trading forex is easy but making reliable profit is the troublesome part. For that you require good learning, skills and experience. You can't plan to profit just by entering into the market. You have to learn the specialty of trading.

For newbie there is no such thing as how much % I should profit per month. For newbie it's about survival. Whatever % you make, make it consistently. Even 1% is very big for newbie. Don't fell prey into the greediness of making double or as much as possible. Learn to survive the market. Remember...

Make yourself capable first for trading. Invest your time for learning. Most traders start to run for different strategies. They ignore the learning process. As a result they drop from the market very soon. Focus on developing skills.

Yes a good strategy is the first criteria of successful trading. But only a good strategy is not enough for profitable trading. Along with a strategy one needs to be disciplined and well composed psychologically.

I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair.

There is no such standard of specific pips everyday. Trading is a long term business. One needs to survive for long. Market doesn't move according to anyone target pips. We need to adapt with the market and take the opportunity of good trade.

There is no easy way of learning. Learning is not like a school exam where you can pass the exam by following short cut. Trading is a skill. You have to learn it properly. How much time it will take depends on your level of understanding and present knowledge you have.