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A full planning of trading is needed for successful trading. A trader should cleanly knows what he is doing. Most traders do not have idea what they are doing. Out of hope they open trades.

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.

Dealing with loss becomes easy when you know what you are doing. When you know what you are doing, you know loss is a part of trading and you can recover it. The less knowledge we have the more fear we have.

Demo is appropriate for new traders. And at the same time demo account needs to use for learning purpose not to do random trades. They should use to find out how any strategy works.

Two things I have learned. One is do not take revenge trading. After a loss trade, to open many trades to recover it quickly. Second is not waiting enough to set up to come. It means sometimes I open trade to early in fear of losing an opportunity.

First step is becoming skilled. For study you can start with babypips school. After that read different books on technical analysis and trading psychology. Along with study, practice in demo account.

A beginner needs to understand one thing that trading is not easy. It takes time and effort to be skilled. It doesn't happen overnight. To be honest it takes years. Then too some people can't make it.

Revenge trading is one of reasons people are losing money in trading. After a loss trade they become desperate to recover the loss. As a result they open unnecessary trades.

Yes there are many scam brokers on Internet. Many are loosing money to them. Along with brokers there also people who scam others. So don't believe anything too good to be true.

Due to high leverage and nature of the market, forex trading is risky. That's why traders need to manage their risk. Without risk management, you are making a risky business more risky.

It is a very wrong idea to go against the market. It means if the market is in trend, follow the trend. If the market is in consolidation mood, trade according to that. Going against the market will end up you to getting margin call. To know more about market you need to study more.

Trading forex is easy but making reliable profit is the troublesome part. For that you require good learning, skills and experience. You can't plan to profit just by entering into the market. You have to learn the specialty of trading.

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.

Before mastering any system, a trader needs to know various types trading of methods. Then from all those methods, he should pick one that he understands the most. It's a long process. It takes years to get the edge.

Every pair has its own specific characteristics. You have to find out your own trading edge. Only you know what you understand the most. Learning is a long term tadious process. Everyone has to go through it if they want to make consistent money in forex trading.

Forex is the biggest financial market. There are three sessions that combine the European, Asian and United States trading sessions. Currency is traded in different measured bundles. The little scale part is 1,000 units of a currency. All currency trading is done in pairs.

I think every successful trader has his own way of making money. It's unique. Problem arises when we try to copy others. Or try to impose my strategy on others. Trading is a psychological game. Everyone has his own type of understanding and thinking. That's why 90% traders are loser.

I think every successful trader has his own way of making money. It's unique. Problem arises when we try to copy others. Or try to impose my strategy on others. Trading is a psychological game. Everyone has his own type of understanding and thinking. That's why 90% traders are loser.

Money and skills are the requirements for forex trading. Most people ignore skills. They dont study, they do not do any research. What they do is collect some ready-made strategies and check them on demo. By doing so they think they have learned. Trading is not that easy. Invest your time in...

People fail because most people do not want to learn the necessary knowledge and skills. People come here with a false expectation of getting money quickly and easily. As a result they start gambling and lose money. Many of them get addicted.