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Making mistakes is not a bad thing. But what is bad is not to learn anything from your mistakes and repeating the same mistakes over and over.

No matter how hard you try, you won’t ever be able to avoid losses completely. But if you can manage risks and money; these losses can be easily handled.

Emotions come naturally. But with time, you can learn to control them so that they don’t distract you much. Constant practice and breaks in between trades can help you to a great extent.

I use only 100x although turnkeyforex (the broker I’m using) offers up to 500x. I’ll perhaps be prepared for higher risks and bigger rewards after getting some more experience in the market. Till then I’m happy with 100:1 leverage.

No risk, no gains. This stands true when it comes to forex trading. No matter how much it is, you will have to put a certain amount at risk to make profits on it. If you are not risking any money, you will make nothing. The good thing about forex is that you can decide whatever amount you wish...

It’s rightly said that your trading style is a reflection of your personality. If you try to follow someone else, you may not be able to perform that well as you would have if you had found a strategy for yourself on your own.

I am no one to answer that for you. In fact, no one is. You have to make this decision for yourself on the basis of what you think would be good for you. Practice until you haven’t obtained enough practical knowledge about each and every aspect of the market. FYI, I traded on my demo account...

Do you remember the day you started reading about forex? Didn’t it all seem to be easy and profitable? But what happened when you went live for the first time! I am sure that you would have also felt that all of that was a lie. But did you put in the kind of effort you should have? Did you...

Just like you all, I also believe that we shouldn’t be greedy when we are trading forex. But in reality, is it that easy to not be greedy? Don’t we all keep looking for new opportunities to make money after we have achieved a certain milestone? And if we don’t keep looking for new money making...

I have been using turnkeyforex for a while now, very happy with the trading conditions.

I used my demo account for around 4 months and when I went live, it was not what I had seen on my demo account. The market was more volatile in the live market while on the demo account, it was comparatively stable.

I understand your point but since the market is highly unpredictable, you can never know what a market move could mean. You might think it to be bullish but if it turns out to be bearish; you will lose all that you put at risk. While you will already be under stress, taking a loan will only make...

What exactly are you looking for a mentor for? To learn what you can learn for free from websites like Investopedia and Babypips? Don’t waste your time and money when there is everything on the internet for free. Demo trading and forex forums can help you clear your doubts.

The worst mistakes happen when traders don’t take forex trading seriously, thinking that they will be able to overcome the challenges even if they don’t study much. Many of them don’t even practice on their demo accounts because they don’t have to waste any time and go to the live market...

It’s important to be disciplined and loyal to your trading plan if you want to achieve what you see other traders achieving. Work hard on eliminating your emotions from your trading decision-making process so that you make use of facts while trading and nothing else.

A beginner must have the basic knowledge of everything related to the forex market; be it a strategy or a trading tool. With time, you can decide which one you wish to stay with and which one you wish to avoid.

Your emotions are your biggest enemies when you are in the live market. Try not to make decisions just because you feel a certain way. Your decisions should only be based on your market analysis and nothing else.

Even lower than that. I’ve been with turnkey forex, their commissions are $2.

I don’t think you can avoid slippage completely. But you can reduce it to an extent by using limit orders. Also, try finding a broker that executes orders quickly without any delays.

Both demo and micro accounts are good depending on the purpose you use them for. Demo accounts should be your next step after obtaining the basic forex information while micro accounts should be your step after demo trading to test the live market.