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Money management is the most important part of forex trading. Those who do not follow any money management policy, they never get long term success.

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...

If possible only you can be disciplined enough. Most traders can not deal with loss trades. One loss trade leads them to many loss trades.

To invest in the PAMM, it is important to choose good manager with good broker. Not all the PAMM Managers are making money. Some just lose all the money.

Though forex market is not a place for gambling. But unfortunately many are doing nothing but gambling. It is because of not having enough knowledge and skills.

Yes forex trading is good in terms of return, only if we can do it properly. Most people do gambling in the name of trading.

There are lot of factors that can cause loss trader. But for majority of the traders it's the lack of skills and experience. Psychological factors are also responsible.

Forex market is unpredictable that's why it is not so easy to make consistent money. Very few people can master that skills.

Right now I am not addicted to trading anymore. But it's true random scalping at the beginning of forex career makes a trader addicted. A trader should learn about trading psychology before starting live trading.

Unrealistic expectation is one of the reasons people lose money in trading. They forget the logic. Expectation should match with our skills and experience.

Yes loss is a part of trading. That's why we need to know risk reward ratio and winning percentage of our strategy. If you know this, you will not be worried about your loss trade.

Forex trading can make you frustrated, when you keep working for a long time with no positive result. It is wise to stay away from market if you do not find good entry. We should not force ourselves to open trade.

Success is the combination of few things. A good market analysis and discipline are the most important. Both requires knowledge and skills. Getting discipline in trading is the most difficult part.

Forex can not be a hobby. To make consistent profit, you have to be among the 5% to 10% people who are successful. By taking it as hobby we can merely be a player but not winner.

It is the psychological aspects that makes the difference between demo and real account. In real account, your own money is invested. That's why you are emotionally involved. According to human psychology, people tend to take impulsive decision when they are emotionally attached to anything.

Self understanding is the best understanding. The quicker we understand, the better it is. Trading requires specific knowledge, skills, psychology and discipline. May be you are best for something else. No matter what people say the truth is very few people can make it. That's why trading is one...

Unnecessary trade is a very common problem for newbies. Actually you do it out of confusion. You don't have trust on your strategy and yourself. You should have clear idea about your risk reward ratio and winning ratio. You lack confidence. It comes from not knowing what you are doing. Practice...

Most traders don't give emphasis on learning. They are so much obsessed with the thought of making quick money that they overlap the learning part.

Beginners should focus on developing skills. Without skills it's not possible to survive in the market. They should not think about earning before learning enough.

Most amateur traders jump to open big lot size as it brings immense profit. But a big lot size can transform into a bad dream. You can get a margin call. Don't risk more than 2% of your capital.