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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.

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.

Yes 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.

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

To win forex market, one needs skills, knowledge and experience. Risk comes from not knowing what you are doing. Every trade you open you should have valid reasons. Out of assumptions you can win in forex market.

One very important thing is missing in demo trading which is emotional attachment. When your own money is investment you get emotional attachment to it. That's why every decision get affected by fear and greed.

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.

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.

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.

To control bad habits you have to be discipline. There is no alternative to discipline in trading. All successful traders are disciplined.

Demo is to test our strategy before trying the strategy on live account. For newbie demo is to know trade mechanism works and also for testing strategy.

It is the consistency that brings success. Almost all the traders can make random profitable trades. But the real challenge is being consistent. It requires study and research.

Trading for living is possible but not that easy. Successful trading requires a lot of skills and experience. To achieve those skills and experience it takes time. But most people are not willing to give that time.

Most traders think that trading is all about strategy. They look for it everywhere. They think there is one strategy that will make them rich. They never try to understand that the success of a strategy mostly depends on the individual it's using. Strategy is just a single component of...

Ready made strategy doesn't help much in trading. We need personalized strategy to get success. Every person think differently. I can take someone's strategy but can't think like him. That's why it doesn't work.

You need knowledge and capabilities to use that knowledge effectively. You also need a sound and composed mind that can remain emotionless while trading.

Money management is very important for trading. Don't risk more than 2% in a trade. Also I prefer not to open multiple trades at a time. If you open two trades at a time it would be 4% which is not good. Survival in the market is the first skill we should achieve.

Due to high leverage and nature of the market, forex trading is risky. That's why traders need to manage their risk. Without risk management, you are making a risky business more risky.