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Long term trading is most ideal for a new trader as it prevents the chances of losing big money. Problem with short term trading that it makes newbie to do overtrading.

If fear saves you from a loss trade, it is not good for you. It means you do have the necessary skills to cope with the market sentiment.

Dream big is important. But it's not the only criteria. You also need the charity of your dream. Also it should match with your believe.

Yes especially mental health is very important. If you are mentally upset or your mind is not working properly for some reason, a person should stay away from trading that time.

Practice is important but practice should be done by following rules. If I do not follow discipline, and risk management while practicing, I will be habitual to it and will do it on live as well.

Yes it is important to test trading strategy on demo before trying it on live account. Without knowing the pros and cons of a strategy, it is not good to try on live.

Loss is normal is forex trading. If you know your risk reward ratio, you do not need to do anything extra to recover. Getting desperate to recover loss make us vulnerable to our emotions. And we take wrong decision.

Success starts when you start to make money on consistent basis. Some random winning trades is not success. It takes time and effort to become successful.

Broker is the medium by which we can trade online. Without broker it's not possible to trade online. But it is important to choose a good broker for your trading.

Trading technique doesn't develop overnight. It takes years of study and practice to make a technique that gives you consistent profit.

Forex can not be hobby as one needs to take it seriously. Risk is involved here. One can lose all the money. That's why everyone should take it very seriously.

It is very important for a trader to know when to trade and when not to trade. Most traders make the mistake of trading all the time, no matter how market is behaving. Slowly it becomes their habit.

Market doesn't follow rules all the time that's the reason a trader should follow rules. He should be disciplined. He should know when to trade and when to sit in the side bench and observe.

Actually risk percentage depends on many factors. How much you can tolerate is a factor. It also associated with your winning ratio. A trading strategy is a combination of all factors according to your skills, capital, risk tolerance power. You have to make a system so that you can survive 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.

If we use demo without purpose it would be dull. Demo can be exciting when you test your strategy on it to find its effectiveness before trying on live account.

In the Forex world, there are two sorts of spreads offered by Forex Brokers towards their traders. This implies they can trade shrink on a Fixed spread or Variable spread as it were. There are numerous traders that will choose to open an account with a particular Broker simply because of the...

To improve patience we need to be realistic. When it comes to forex trading, people become illogical. They want multiply 100$ in a day. Market moves all the time doesn't means all the pips are yours. Be realistic and treat it like a normal business.

I prefer floting spreads then fixed spreads. Good broker gives you zero spreads account with commission. But I found it profitable than no commission account. In no commission account usually spreads are higher.

Emotion plays the important role in trading. Not just newbie most traders do not have emotional stability when it comes to trading. Fear and greed overpowers them. That's why it's very important to learn how to control emotions..