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For short term traders and scalpers spreads is very important. As a day trader, I like floating spreads. That's why I always prefer zero spreads account with commission.

You are right. But unfortunately many people think forex trading does not require deep understanding and it can be learned very quickly. Easy access to the online trading is one of the reasons of it.

Forex market is unpredictable that's why it is not so easy to make consistent money. Very few people can master that skills.

Along with knowledge, we need to know how to apply the knowledge effectively. Knowledge is the key when applied properly.

Yes success does not come overnight in forex trading. It takes years of study and systematic practice to get success in trading.

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.

In unregulated broker, they may freeze your money without showing you any reason. They also create fake candles. We should pick up good regulated broker.

Yes you are right. Once someone told me to watch only one or two pair. I choose one and start observing that pair a lot. I waw surprised by the result. Now I only trade 1/2 pairs.

If anyone wants to trade for living, he should focus on developing skills. It's not like that you came and traded demo for few months and learned some strategies and you will be make good money. Noooo. A person needs to spend years to get skilled both technically and psychologically. Only then...

Yes attachment is also kind of emotions. People can't close their loss trade due to this attachment. It is a very bad thing in trading.

Success begins when you begin to earn money on constant basis. Some arbitrary winning trades isn't success. It requires time and effort to achieve success.

When loss happen, we will need to stay calm. Maintain patient to wait alongside trading opportunity and start place once it comes. Not essential to hurry to recuperate back and forth trade though no chance seem. It'll make traders to find additional reduction than able to regain previous loss.

Without sufficient abilities and expertise, it is normal to get rid of money and become scared. Whether old or new, we're bound to loss money if we do not know the market and follow subject.

Most amateur traders take revenge trading to recover the loss. But the majority of time revenge brings misfortune for them. Trade should be opened only if it supports your strategy.

Trading itself is the very risky business on the planet. Trading needs to be achieved with idle cash. Cash which you could afford to lose. However, for that you have to demonstrate your consistency in profit earning.

Yes finding the risk reward and winning percentage of your strategy is important. It gives you more confidence as you know more about your strategy.

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 keep running for strategy without making themselves capable.

If it comes to forex trading, individuals become greedy, in no other business they expect to make 100$ into 200$ overnight. And due to this greed they never become a successful trader.

Most traders don't get success since lots of them are not skilled enough. And many are servant to their feelings. They take decision with their feelings.

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.