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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. You didn't say how much capital you have. Lot size depends on trading strategy and capital.

Most trader think that they have an idea of how Forex works already - but it is still essential that you get the best Forex trading education possible. This is because the market is constantly changing and trading skills can always be improved. And to learn the best, you need the best...

It's not about how many years we are trading. It's about how quick we learn from our mistakes. Even after trading for long times most traders are not discipline. They can't control their emotions. Most of the time they open trade out of greed or fear.

Forex is a decent business in the event that you know how to do it. In the event that you need to get maximal outcome in Forex I think first about all you need to secure most intense breaking down trade information by learning. Without being skilled forex is a money losing machine.

Every trader has his own choice and comfort. Some traders use all the time frame to get the market vibes then take entry in a certain time frame like H1 or H4. I personally do not go below D1. I take my entry on D1. You have to find out by yourself which one you understand the most.

You need to learn as much as you can as for forex. Apply your knowledge to the best of your capacity. See your agitating impacts in the mean time, don't sit tight for the trade to turn channel for after more cash. Proceed ahead rapidly and perceive how to see dissatisfactions. Individuals submit...

A mentor can be a good option if you get a good one. Even legendary Warren Buffett had mentor. But his mentor was Benjamin Graham, often known as the father of value investing. A Mentor is good if you get a skilled mentor. Otherwise sefl learning is the best.

Money management is the most important thing in forex trading. Good management with an average strategy making profit is possible. But poor money management with best strategy resulting in loss. A good trader is a well money management follower. I personally do not use more than 2% of my...

Forex market is where currencies are traded in pair. It is a work of professional people. If you want to make money here, you have to be skilled. You have study and research a lot. If you think making money is easy without learning, don't come here. Be determined to develop skills.

Revenge trading is for the most part determined by the dread 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...

Forex is not like gambling. I have taken trading as a business and a business isn't a betting it is about speculation. Different traders intentionally or unwittingly consider trading to be betting. Thusly they wind up losing their cash. We should see it as a business.

Personally I like MT4. But again it's about being comfortable. If you like MT5 over MT4 and vice versa that's okay. One should choose platform based on his understanding and comfort.

I always like zero spreads account. I give commission but prefer zero spreads. Though zero spreads account has commission, it seems profitbale to me than standard account.

For trader should not trade on any time frame below H1. In 30m, 15m, and 5m charts there is so much noise. People start to over trade due to small time frame. A trader always should focus on developing good habit.

There is nothing like Holi-Grails. It's all about much skilled you are and how well disciplined in trading. Looking for Holi-Grails is nothing but wasting time. Better focus on learning.

To make a good trading plan we need to know our strength and weakness. A trading plan should be based on strength. Most people ignore their weakness and try to trade in all kind of situation. It's not good.

Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.

Without skills consistent profit is not possible. Most traders forget this simple thing. They run for strategy without making themselves knowledgeable.

Make yourself capable first for trading. Invest your time for learning. Most traders start to run for different strategies. They ignore the learning process. As a result they drop from the market very soon. Focus on developing skills.

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...