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When a trader uses small capital then it is very hard to manage the account and survive because we eventually need some good margin so that even when the market shows any retracement, we don't get caught up by margin call. So its always advisable not to use low investment.

Loss is inevitable in forex trading but you shouldn't feel dejected like you have said,if you get dejected every time you loose,then it would come to a certain time that you would not want to invest in forex again but if you carry on and you don't let your loss to weigh you down,I am sure you...

Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.

Setting a stop loss is an integral part of successful trading. However I think it is ridiculous to set a stop loss of 10 pips because minor fluctuations can close our order. if we place a stop loss very near like 10 pips or 15 then a good order can be closed with a loss. I prefer to place a stop...

Not everyone can be a trader. A person with determination, quest for knowledge, patience and good understanding ability can be a trader. And all these qualities can be achieved if one wants. But the problem is most people do not have that much will power. You should choose the career that you...

I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.

You have to develop a trading system. The system includes everything. Now you may ask how to develop a system? That's the most difficult task in forex trading. It is also the reason most people fail in trading. That's why you need to study and experiment a lot. It will take time. But there is no...

Revenge trading is for the most part determined by the fear of being off-base. It's typically when a trader, originating from an especially baffling misfortune, chooses to compensate for it by being more forceful in his/her next trades. It's the worst thing one trader can do. If you loss any...

To do forex trading, first you have to give time for learning. It's a professional work that requires specific knowledge and skills. Once you have necessary skilled, you can do it just by spending one or two hours per day. But for learning you have to put your efforts and dedication. One more...

Practice makes a man perfect. But for doing effective practice we need to study a lot and need to know what to practice how to practice. Learning the market mechanism is the key.

The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced you can go for live trading.

Fear makes you hesitate entering a position and it is bad for you. One way of eliminating fear is through knowledge and information, if you know how your position is gonna go, then you wont have any fear in entering that position. Trader's psychology is one thing traders overlook.

Forex trading is easy for those who have proper knowledge and experience of trading but on the other hand it is difficult for those trader to earn from Forex trading who don't have knowledge about trading and don't have experience.so if any one want to become a successful trader then he/she...

Forex is a business that requires a lot of knowledge, experience and skills to be profitable. Most people here do gambling as they are not willing to spend time to learn it.

A system becomes simple when we understand it completely. There is a very deep link between a system and our mind. Something you just know you can't express it in words. When your instinct and system merge it becomes simple one.

Profit does not come from expectation. It is all about your knowledge, skills and capabilities. Everyone is different in terms of skills. Focus on developing skills and do not compare with others.

I think we should not follow a strategy blindly. A strategy working for one may not working for others due to different trading personality. Everyone has different psychology. In my opinion best option is customize a strategy according to your trading personality.

If you are successful in demo by following a very specific methodology for a long period of time, you have higher possibility of doing good in live as well. But if you are random in demo, your chances are zero in live. When it comes to real money we start thinking a bit differently.

Psychology plays a big part in forex trading. In trading 90% is psychological and rest are technical and fundamental. So if you want to tune yourself up as a forex trader, I would suggest you to learn trading psychological. What is called psychological analysis. It involved being discipline in...

I think we should not follow a strategy blindly. A strategy working for one may not working for others due to different trading personality. Everyone has different psychology. In my opinion best option is customize a strategy according to your trading personality.