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Many are making good amount of money by trading but the numbers are unknown. Usually most successful traders do not tell their story in public and which is logical.

Yes education is very important for successful trading. Forex trading requires extensive knowledge and skills. That's why most people can't make money as they do not have necessary skills and experience.

Achieving knowledge and getting skilled is not easy. Actually it takes a long time to get skilled and most people are not willing to give time for getting knowledge. Unfortunately they can waste time for nothing.

Scalping is not for newbie. It requires a lot of skills and experience. When a newbie tries to scalp he ends up doing overtrading. It's the story of every new trader.

It's dangerous if a trader do not know what he is doing. As Warren Buffett said, Risk comes from not knowing what you are doing.

We should not think or set goals unrealistic profit goals. A trader goals should be based on your skills. How much return others are getting that should not be a trader concern. If you are able to make 2%, that should be your goals. Our skills and expectation should match.

To select a strategy we need to do a lot of testing on demo. Without proper testing it's not possible to find a good strategy. Even a good strategy becomes bad for lack of understanding the strategy.

Surviving in the market should be the first priority. Most people make mistake by setting high profit goals and soon they get margin call. Forex trading needs patience and understanding.

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.

For consistent profit, a trader needs a good strategy of his own and a mind set. A mind that can adjust with the changing market. A mind that can stay away from trading, if market is not giving good set up.

Fear and greed are the main enemy of forex traders. It doesn't let you think logically. Due to fear and greed people take emotional decision which leads them to loss.

To make profit you require an expert mentality and aptitudes. Without abilities steady profit isn't conceivable. Most traders overlook this basic thing. They keep running for procedure without making themselves proficient.

It's true that most traders don't get success in forex. The reason is their trading decisions are not based on sound research and learning. They think forex is a cash machine. You trade and procure immense cash. They don't consider it as a business.

Money management is the most important but most ignored thing in forex trading. Most traders do not follow any money management rule. That's why success rate in trading is very low.

Forex itself is not gambling but some people treat it like gambling. When you don't know what you are doing, you are doing gambling.

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.

Yes to be a professional funded trader, one needs to have good track record. By showing your track record you can get fund from people.

Yes many traders make this mistake and borrow money to trade and eventually get margin call. Trading should be done with the money you have. Money that you can afford to lose.

Mental strength comes from knowledge and skills. Without these it's not possible to attain mental strength. Most people fail in trading because they are not willing to learn the necessary skills. They want it without having proper knowledge and skills.

Following signals is not a ideal option as a newbie. It's the time of learning. Forex trading requires specific knowledge and skills. Even to follow someone you need good knowledge about trading. Be skilled if you want to make money with forex.