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I agree that becoming overconfident is one of the major reasons why people lose in the forex market. They must be realistic and logical while making their moves.

Yes, that is true. In fact, that is a major reason why traders lose. I have seen many new traders start trading thinking that they will be able to make money easily. But when reality hits, they fail to take it and overtrade, which further results in more losses.

There is a combination of skills like risk management, money management, patience, intelligence, good decision-making, etc. that make a good trader. It all comes with experience and the mistakes you make. Learn from every trade you enter and note what you did in the trading journal so that you...

So you basically need a reliable broker, which would come in the form of regulations. Go for fxview, its raw ecn account will ensure you get low spreads at all times. And with a commission cost of 1 dollar per side, you will be able to retain more profits in your pockets. Rest, I would say...

Trading can prove to be quite stressful and in case of extreme stress, several other problems can occur in the body. Here are a few important tips to reduce stress while trading. Regular exercising helps reduce stress and tension that builds up during trading. It helps keep the mind and body...

PIP is referred to as the change in the amount of exchange rate for a specific currency pair. It is calculated using the last decimal point. In forex trading, most of the major currency pairs are priced to four decimal places, hence the smallest change is denoted by the last decimal point. It is...

In my opinion, some of the common mistakes I see are poor trade planning, inadequate risk analysis and overtrading. While forex trading, one must analyze the risks involved. Keep consistency and approach logically in your trade.

It is good to have a tutor but I don’t think it is necessary to learn faster. With the available course videos online, anyone can learn forex trading quicker and easier without shelling a lot of money.