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Scalping is good. But new traders should not do scalping. Scalping tends people to do over trade. Scalping is done in lower timeframe where there is too much noise in chats. It's a barrier to develop good trading psychology. Once you are expert with controlling your emotions in trading, you can...

Trading a single pair can be a good practice. It allows you to observe one pair for long time which gives you insights about that pair.

The main reason of failure is unwillingness to learning and study. Forex trading is for skilled people. You can't make profit just by following some ready-made strategies available on internet. Beforehand investing your money into market, invest your time for learning. After learning learn to...

Winning and losing is part and parcel of a business. Furthermore, in an efficient trading it is more obvious. To figure the P&L of a position, what you require is the position measure and by what number of pips the cost has moved. The veritable advantage or mishap will be tantamount to the...

Most traders look for 80 to 100% winning strategy. But this type of strategy doesn't exit. Even a small consistent percentage can bring you a fortune in trading. We should focus on consistency.

Risk comes from not knowing what you are doing, once said by Warren Buffett. If you are consistently losing, it means you do not know what you are doing. Only solution to this is you have to study a lot. It is said that knowledge is power. But knowledge becomes power when it is applied. Learn...

There are many risk factors in forex trading. You can lose all your cash in the blink of an eye. High leverage will bring about considerable losses. There are more factors like interest rates, political events, economic risk and many more. To know all the risk factors you have to consider a...

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 trading discipline is a must. Without discipline surviving in the market is not possible. No matter how great strategy a person has. It won't help him for long if he is not well disciplined. There are many traders who are good analyst but can't make profit due to lack of self discipline.

Of course trading is hard. Trading is a high rewarding work. High reward doesn't come easily. A person needs deep knowledge and understanding of the market to be profitable. He also needs very strong mind set.

People get crazy when it comes to forex trading. 24 hours market is moving doesn't mean it's offering you easy money. Unrealistic expectation leads to bad habit for which a trader suffer a lot.

To manage risk reward ratio, you also need good knowledge. The ability to find a good trade is important. You have to find out what you are best at. How many entries are right and wrong out of 10. Sometimes 1:1 risk reward can be good if your winning ratio is more than 50%. It's actually a trail...

A trader can be benefitted from losses if he can think it as a lesson. Every loss is a lesson. Traders use journal to keep track of their past trading mistake so that they can learn from their mistakes. Learning from mistakes is the best learning.

The thing that makes a difference between a novice trader and champ trader is emotions. A trader can lose with best strategy since they don't trade with cleaned expertise rather than they trade with emotional impulse. Without having control over your emotions you can't make reliable profit in...

Trading depends on plan and patience. But there are more important thing. Knowledge and skills are the most important. Then come how well you can manage your trading emotions. People lose money due to lack of knowledge and emotional decision. Trading is combination of all these things.

I think it is relative that what works and what doesn't. What works for one may not work for others. Every trader is unique in psychologically. That's why all successful traders have their own trading style and strategy. It's the common traders who try to exact copy of others style and strategy.

All major pairs are good for trading. Now what pair suits you, you have to find out. I have found out that I understand GBPUSD the better.

There is a misperception that for success in forex you need big capital. But only big capital can't save you. Big capital is good when you are skilled enough. Otherwise No matter how big your capital is you would lose all the money. So in learning phase, low capital is the best option.

There is huge possibility of losing your money very quickly. That's why some people are scared of investing in forex trading. Even after that everyday millions of people are trading. And it is not necessary that everyone should do trading. There are many other business one can do. And many...

People know that they need skills but they are not willing to give time in learning. They become restless to make money that after few months demo trading they jump into live trading. Then their run for a ready made strategy begin.