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There is a proverb that practice makes a man perfect. Do you think that this proverb is suitable for Forex market. I think it is true. If you practice demo trading, follow the basic rules of Forex trading and thus in this way you can get proper training through this practice then you surely do...

To become patient in trading, start treat forex trading as normal business and don't have unrealistic profit expectation. Unrealistic goals leads to over trading. Only open trade if you have enough technical reasons or fundamental. Otherwise practice to sit in the sideline.

Yes but Placing stop loss is an art. It's not that much easy as some people think. If your broker widen the spreads every now and then, change the broker. Other than that broker has nothing to do with your stop loss. Many times I have survived just by one or two pips. Find good broker. Stop...

Discipline is the most important thing in forex trading. All the successful traders are disciplined. They have at least this one in common.

To be a successful trader, it does not take much of pains. All what you need to do is acquire full knowledge about the economic surroundings. You should think logically about how the news would affect a particular security. A successful trader should know how to control the emotions because the...

New traders should be content with 1-2% profit per month on average. This requires immense dicipline from newer traders who WANT to trade and be involved. I suggest newer traders should set up 2 accounts and use one account as gambling account to satisfy these urges to trade and test new ideas out.

Yes for newbies scalping is very risky. It makes them do over trading. Usually newbies spend a lot of time on charts and lead them to over trading.

To be an expert, we need to spend many years in forex trading. As far as I am concerned, it is my second year of trading and I am feeling a clear difference in my trading. Now I have more options and trading tools and I am getting some decent profit also.

The demo account is the master place for a beginner to acquire all basic fundamental information which is very supportive to continue a live account in a proper way. But practically most of the beginners don’t believe the importance of this trading place at all. In my trading career, I use all...

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.

Successful traders are extremely disciplined. This is the only quality all they have. No matter which strategy or time frame you use, it is the discipline that makes you successful. And it takes time to be disciplined. Actually I do not ignore this but not being able to be fully disciplined.

Both fundamental and technical analysis have their own advantages. Fundamental analysis enables a trader to understand the primary trend of a currency pair or a stock. On the other hand technical analysis enables a trader to pinpoint entry and exit. The greatest advantage of technical analysis...

The important part of the forex strategy is money management –make sure every time you trade , you don’t risk more than 2-3% of you account otherwise you will break your account pretty soon. I learned that lesson from my own experience.

Emotions are the worst enemy to traders. And we are emotional being. We have joy, fear and greed. When we make a good profit we become over joyous and when we make loss we become fearful. Sometimes we open a trade out of greed. All these emotions are in our DNA. With careful thinking we can...

Demo account is always the right place which the trader need to start if you dont have demo account download one from the broker which you chose to trade with and this will give you the desire amount of income which you really need forex is a risky business but we need to try and work hard just...

Choosing a pair is one of important part in trading. every pair have different movement form and to study a pair maybe will consume a lot of time. so a trader should not jump to another pair when they still not understand the habit of previous pair.

Profit is possible in froex trading but it's not easy to make consistent profit. For consistent profit one needs to be skilled technically and physiologically. It takes time to reach that level if you study well and are determined.

To learn the art of trading, one needs to spend enough time and dedication. Most newbie are not willing to learn deeply. They run for short cut which is not an ideal to be skilled. It takes time to be skilled. Accept this truth and go forward. Best of luck with learning.

Without spending a long time it is not possible at all to lead a healthy trading life with certainly, because the success in this market is related with long term process. But practically mostly traders in particularly the newcomers try to make success very rapidly and fall a great loss when...

Making consistent money is possible. But for that you have to skilled enough. It's not a game for kids. You have to give time and dedication for learning. Some people think learning means combination of some indicators. If this happens, do that. But learning is not just getting familiar with...