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We have to organize our trading strategy in a way that keeps us away from risk and profit ratio balanced. And it is called proper trade management.

Every single trade involves certain amount of leverage and risk is stemmed from leverage. The lower the leverage is, the lower the risk is.

A trader should go for trading multiple pairs only when he has enough experience. But initially when a trader is newbie, he should focus on single trading pair.

Forex is a decentralized market which means the market has no central authority to control over it. Several brokers serve the market as intermediaries.

Yet I don’t have any mentor but I am not even in disfavor of it. I try to follow youtube videos and read e-books to flourish my skill.

High profit is bad in the sense that traders take unnecessary risk. If low leverage helps you gain more profit by holding a trade for a long time, then it’s cool.

To survive in Forex trading, you have to be innovative because your innovation will help you recover your mistakes and carry large amount of profit.

I prefer scalping and to forecast the market, I use moving average and fibonacchi combination.

I would say those who are emotional and greedy shouldn’t join forex trading because forex will make them loser ultimately.

Not using SL is all about foolishness because some losses linger. So, don’t let it be. Be wise and use SL and TP properly.

Be particular here is difficult. But you should go for an ECN broker that allows traders with advanced technology and high security of funding.

A trader can trade both as a part time and professional trader. Forex can be a great profession for which traders need analytical skill.

Overconfidence is like a salt in juice because forex is a market full of uncertainty so there is no scope for showing confidence here.

Traders in a huge quantity are failure in this market just because they commit mistakes in their trading.

Traders mostly make mistakes in Forex unwillingly, which lead to losses in bulk. Before opening every single trade, in-depth analysis over the market should be run.

Traders lose due to their lack of interest in earning knowledge. Traders have to earn knowledge from different sources and then execute this knowledge on demo account.

We mostly find interest in demo trading because we take it as a game of winning and losing but we don’t know that demo trading is something beyond this. It helps us not only in testing strategies but also in earning more and more knowledge.

In forex, a major percent of traders are losers just because they don’t know how to cope up with the market condition and they don’t even know how to analyze the market properly.

Unnecessary trading is another name of over trading because this practice will surely drown a trader. This practice gradually consumes a trader’s equity and pushes him towards uncertainty.

The number of crypto traders is increasing day by day but a trader has to trade crypto with long-term goal. Short time trading may trap you.