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Success doesn't come overnight. For success you need preparation, knowledge, and skills. You have to spend time in acquiring knowledge and skills. Once you are skilled success will start to come. Every new trader should focus on skill development.

To react to a loss in forex trading is vey bad. We should not react to a loss. Accepting the loss is very important. The reaction to a loss end up opening a revenge trade which brings more loss. The best thing is accept the loss and analyze why did you loss the trade. What was your mistake? Then...

Trading is about discipline. To get accomplishment in trading you need to take after a few guidelines. Else you will wind up losing your well deserved cash. On the off chance that technique allow you to hold a losing position for quite a while, it is alright. Be that as it may, on the off chance...

Yes most traders are impatient and greedy. They want to make thier money double overnight. With some random wins they think they cracked the secret of forex market. As a result they lose money.

For my trading I like zero spreads account. I have noticed that even after giving commission zero spread account is profitable. Because in standard account spreads is higher.

Yes forex is time saving business only if you are well skilled. Otherwise it is the most quickest way to lose your money. That's why people should focus on developing skills.

For successful trading one needs to be skilled in candlestick, technical analysis and trading psychology. You have develop skills to read the market. It takes time. Have patience and learn.

A strategy becomes successful when we use it correctly in the correct market. Not every strategy works for everyone. One has to do a lot of trail and error to find the right strategy for him. It requires a lot of study and research.

Following signals is a bad idea if you want to really learn the art of trading. Signals will make you more unstable as a trader. For trading psychology plays an important role. Subscribing to this kind of service while you are learning may harm you. Better to learn first and trade of your own...

Without trading education, making profit not possible. One needs very deep understanding of the market. Most newbies make the mistake of not focusing on learning. They focus on earning without learning. And lose the money on continuous basis.

My first realization is- trading is not for everyone. You have to spend a lot of time in learning. In 3 or 6 months, you are not going to be anything (most newbies that the enough time). Stop chasing pips rather improve your skills. You will make consistent money when you will have a well...

Spreads varies from broker to broker and account type to account type. In zero spreads account you get very low spreads but you have to pay commission and standard account spreads will be high but won't be any commission. Choose according to your comfort.

Actually, I do believe that, when you recognize or admit your weakness, then you will be a better trader. In my trading life I was not able to make profit regularly because of lacking trading skill and it’s my foremost weakness.

We should try to control our emotions and avoid our emotions from influencing our decisions. This is not easy and may take long time and experience to make our trading emotion free. Emotional control is more essential when one loses money in Forex trading because this is the time when many...

The most dangerous emotion in trading is the fear of losing money to. Most traders hold this type of feelings while trading. But You have to be emotionless while trading. No emotional attachment is allowed in trading.

Yes most traders do not have enough patience. They want to get rich in a short period of time. As a results they become restless and open so many unnecessary trades and lose money.

News trading is nothing but gambling. Out of assumptions many traders specially new traders open trade during major major news event. Many people blow their account this time.

Develop a system/strategy on demo. Don't just trade on demo. Develop a good habit on demo. Open only most promising trades. Don't open trade if you don't find any set up. Along with demo trading, read different trading related books.

Knowledge without practical application has little value. Knowledge becomes powerful when we apply it effectively. It's the practice that helps us using our knowledge effectively.

I think first they should focus on learning. Most newbies start to run for strategy. They ignore the fact that for successful trading one needs deep knowledge and understanding of the market.