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Forex is about currency trading. Forex market is the biggest and most liquid financial market on the planet. What's more, the day by day trading volume surpassing $5 trillion. Forex trading enables you to buy and sell currency. Currencies are traded in pair. For trading in the market you need...

It's the small time frames and huge leverage that make the forex trading tempting. Due to 5 min, 15min, H1 charts you can trade all the long and due to leverage you can always trade with small capital. This is the reasons people get so engaged in trading.

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.

The thing that makes a difference between a new trader and champ trader is emotions. A trader can lose with best strategy since they don't trade with cleaned expertise rather than they trade with emotional impulse. Without having control over your emotions you can't make reliable profit in trading.

Money management is the key for trading success. Stop loss is also important if you do not able to predict the for long term. But the placement of stop loss is very crucial. You need to have good idea about support and resistance level to place an effective SL.

Trading in the trending market is very profitable. Once you pick the trend you are good to go. But the problem is any pair doesn't trend all the time. A good amount of time price remains in range bound. That's why we need to be expert in both kind of markets.

There are different time frame in the MT4 charts. These are 1M, 5M, 15M, 30M, H1, H4, D1, W1 and Monthly. For newbie I don't advice to use any chart below H1. The more smaller time frame you will use the more unnecessary trades you will open. And a bad habit develops.

Practice is important but for that we need knowledge. Real practice happens when we apply our knowledge in practical. For that we need to study and research a lot.

If we talk about technical aspects every pair has its own reasons to move. Sometimes same strategy works on different pairs but not all the time. But we try to use all the time. That's a mistake.

By doing forex making money is not easy. We may say access to the market is very easy and with little investment you can start it. To make money you need to learn the art of trading. But the learning process is long. You have to keep patience.

The thing that makes a difference between a new trader and champ trader is emotions. A trader can lose with best strategy since they don't trade with cleaned expertise rather than they trade with emotional impulse. Without having control over your emotions you can't make reliable profit in trading.

Some of my tips for new traders is try to understand the trading business. You have to have knowledge and skills to do good in trading. Don't expect to make money just by entering into the market. Try to learn the mindset a professional trader should have.

Trading becomes easier with skills and experience. Make it simple. Do not use anything complicated. Do lot of experiments with different system and mindset. Slowly it will be easier.

As long as you are making consistent profit, nothing wrong in your trading system. What works for you may not work for and vice versa. Just try to discipline in your trading. And keep a realistic profit goals.

Only around 5% traders are successful for long term. Lack of skills and psychology is the main reason of such failure. People give more focus on trading than learning. But learning should be the first priority.

Learning never stops. If we stop learning, our progress will stop. It's a never ending process. Learning could be by studying or by experience but it should continue.

Yes, Don't trade live with huge money until you know what you are doing. Know your stuff very well. Be enough skilled. There is no short cut. It takes time to learn the art of trading. Don't have unrealistic expectation.

Loss is a part of trading. If you have good winning percentage and better risk reward ratio, loss should not bother you. Loss bothers so much to clueless traders who have no idea what's they are doing.

Yes, Successful trading is the combination of everything. You need good technical skills along with necessary fundamental update. You need good MM and trading psychology. And to maintain all these you need discipline.

Yes, By gambling one can get some winning trades here and there. Those few wins give them false hope. And they keep doing it until lose all the money.