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Greed is the cause of destruction. It leads to over trading and unnecessary trading. Profit target should be logical and also should match with skills. If I have ability to get 50 pips, my expectations should not more than that.

There is no secret holi-grail. Skills and discipline is important. Also you need the control over your mind. Don't be restless to open a trade if there is no obvious set up in the charts. Wait until it appears.

Usually there are two types of emotions on trading that affect a trader. One is fear and is greed. Fear of losing money and fear of losing opportunity. Due to greed traders open big lots and revenge trade. To be successful one needs to overcome this.

Yes dedication for learning is very important. Without dedication proper learning is not possible. With little bit knowledge and skills, it is not possible to make money in the forex market.

It is not a good idea to borrow money for trading. Trading is the riskiest business in the world. Borrowed money makes it worst. Trading should be done with idle money.

The secret is in you. If you can develop skills and knowledge, eventually you will discover the secret. Without developing skills, if you try to find shortcuts, you will not find any.

As a result of high leverage and temperament of this market, forex trading is insecure. That's why traders need to manage their risk. Without risk management, you are making a risky business more insecure.

D1 and H1 are my favorite time frames. I use both these time frames to take entry. Some times I take entry on D1 and sometimes I take on H1. It depends on market situation.

Fundamental analysis is important but not 100% required. It needs a lot of study to understand fundamental of a currency. If you are very good at technical analysis, you do not need fundamental much.

Deposit bonus is useless. It does not have any real value except your account shows more money. Better find a broker that gives good facilities.

In currency trading, many retail traders do gambling. Actually once you don't have necessary skills to produce good trades, you wind up betting. That is why abilities are important. If you are not willing to develop skills, don't trade.

Most of the traders get stressed if they loss almost any trade. From that restlessness they take revenge trade. They'd love to regain it instantly. We have to stay calm and wait for chance.

Knowledge becomes successful only when we can apply it properly. Execution is essential. A lot of individuals can't execute their knowledge due to absence of discipline and plans.

For retail traders like we, leverage is indispensable. It provides us capacity to trade. Without leverage we would need a fantastic deal of cash to generate an adequate gain.

Forex trading is not an easy source for earnings. Successful forex trading demands a whole lot of wisdom and experience. Plus it takes years of experiments and research to accomplish this level.

Learning is an ongoing process. There's always a range to improve knowledge and techniques. With changing market we constantly need to boost our skills. Otherwise we will be kicked out from the market.

To make money by forex trading, you requires good knowledge, expertise and a mind that may control feelings. You need to learn it first. Proceed to education section of this site and start reading it.

Skills and experience is the key to success in the forex market. If anyone think forex trading does not need much knowledge and skills, he is wrong. By knowing little you can trade but can't make consistent profit.

Every market has its own characteristics. One market knowledge can help in other market but it's not the everything. You need to enough knowledge about that particular market.

Forex trading demands extensive skills and expertise to earn money. Risk comes from not understanding what you're doing. Think about making money once you are skilled enough.