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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 blaming...

Dealing with loss is painful task. You have to learn it gradually. It is easy to deal with losses when you know your winning ratio. It may not be possible that every time you will win. So you have to know how many times you can win. The problem is we want all our entry profitable. Trading is a...

Over trading is one of the reasons why people make their account zero. If any trade goes against they open new trade thinking that it will help then to recover the loss quickly. By these way they do over trading. It is a really bad practice. You should learn to be disciplined if you want success...

For trading knowledge is very important. It makes us more powerful trader. But knowledge becomes power only when we can apply can it. To apply knowledge, discipline is important. The more knowledge you will acquire the expert you will become. To cope with the volatile market there is no...

New traders love scalping as it gives quick profit. And this makes them addicted to trading. But I think starting with scalping is a bad idea. Everyone should start with higher timeframe. After some experience scalping can be done.

We can earn lot of money in short period of time in trading only if we are skilled enough. But if you think I will make my account double or triple in weeks or months, you are having a gambling mindset. Your destruction is just a matter of time.

Most of us come into forex by thinking it's the easiest way to make money online. With very minimum knowledge, we start to trade with real money. We think few months demo trading and a ready made strategy available on internet will give me huge return. The swag is with that knowledge we want...

Following signals is a bad idea if you want to really learn the art of trading. Signals will make you more unstable as a trader. For trading psychology plays an important role. Subscribing to this kind of service while you are learning may harm you. Better to learn first and trade of your own...

Both money management and trading psychology are key to success in forex trading. A person will fail with a good strategy if he/she ignores the importance of money management and trading psychology. It has been said that trading is 90% psychological. And it's true.

Success doesn't come overnight. For success you need preparation, knowledge, and skills. You have to spend time in acquiring knowledge and skills. Once you are skilled success will start to come. Every new trader should focus on skill development.

What works for you is the best for you. To any indicator or system, every trader adds his/her emotions, and perception. That's the reason what works for you may not work for me and vice versa. That's why trail and error method is very useful in trading. By studying and testing you have to find...

Confidence is very important. Confidence comes from knowledge and skills. Without proper knowledge and skills if anyone thinks he has lot of confidence, he can make money, then that's overconfidence. We should not be overconfident. Most of the newbies are overconfident. They focus on profit...

For newbie cent account can be a good option. But before going to live trading, develop you trading system on demo account. Don't just trade randomly on demo account. Learn to read charts. Every pair has its own unique characteristics. Choose a pair and try to find out all the characteristics of...

In Forex trading, from all trading types scalping is primarily considered as a most usable and gainful trading type by retail traders that acquires profit a brief span. For utilizing this trading approach appropriately, we the traders who are especially scalpers need to pick the brokers which...

Bad week may come. But the problem is- a strategy tested only one month, may not give you desired result. Market doesn't not behave in a same way all the year. Market is even changing in a pattern. To find a good strategy it needs a lot of time and experiments. Most of us are not willing to do...

Patience is the virtue. In trading you have to show maximum patience. First of all it needs a lot of time and effort to learn the art of trading. If you think within 3 to 6 months I will learn and make money, you are absolutely wrong. You may get some temporary success but for long term...

Yes skills and knowledge is the secret. And it takes years to be profitable. It's not possible to be profitable just by following some ready made strategies. We need to understand the market movement and price to be successful.

Making consistent profit by forex trading is not an easy job. Very few people can do that. Most people get temporary success in trading. To become successful in trading one must require necessary skills and knowledge. Otherwise it's difficult to be profitable.

Most traders look for 80 to 100% winning strategy. But this type of strategy doesn't exit. Even a small consistent percentage can bring you a fortune in trading. We should focus on consistency.

News trading is very tempting but for good for everyone. For news trading you need good knowledge on both technical and fundamental analysis. Otherwise most of the time you would lose money in news trading.