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Online trading is designed in a way so that we need broker as medium. Without broker online trading is not possible. Even in offline trading you have to go to the bank.

Successful traders are extremely disciplined. This is the only quality all they have. No matter which strategy or time frame you use, it is the discipline that makes you successful. And it takes time to be disciplined. Actually I do not ignore this but not being able to be fully disciplined.

During some news events market moves a lot. But for trading news you need very deep knowledge of the economics of that country. If you have that much knowledge, it's great. News trading is for you. But if you want to trade just by the prediction of different experts available on different...

Emotions are the worst enemy to traders. And we are emotional being. We have joy, fear and greed. When we make a good profit we become over joyous and when we make loss we become fearful. Sometimes we open a trade out of greed. All these emotions are in our DNA. With careful thinking we can...

It doesn't matter how many trades you take per day. It's all about winning ratio. If your winning ratio is good, it's ok to open many trades per day. Trading is all about what suits you, what you understand the most. Something doesn't work for someone doesn't mean it won't work for you. But the...

Pre step of trading is you have to understand that trading is not an easy task. Without being skilled you can't do anything. Ready-made strategies with unrealistic expectation can not bring any good result. You have to learn properly. You have to find your weak and strength and work accordingly...

Two things I have learned that we should not do. One is 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.

Only Holy Grails is skills and experience. One needs to be very much skilled in analysis and mind control. Otherwise it's not possible to make money here.

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...

Placing stop loss is one of the difficult tasks in trading. So many things to consider. Your trading style, risk tolerance capability and good knowledge about support and resistance levels are important to place a stop loss.

Leverage is very important for retail traders like us. Without leverage you need huge capital to gain good profit percentage as a pair moves very little in terms of currency. I don't think that much about leverage proportion as my risk percentage is very low.

Trading is not a game that you have to take challenge to do something within specific time. If it happens naturally that's very good. Trading is all about skills and knowledge. You can't overshadow your knowledge and skills by taking extra risk. Be rational and trade according to your capabilities.

I find that one of the basic mistakes of new traders is their focus only on earning money. It is better in the beginning that your focus is on learning and gaining necessary experience in order to make one profitable strategy, then on simply chasing profits.

We loss for many reasons , one of the most common reason is immature trading plan or target , this approach always make us emotional and greedy , as a result we trade here at random and become loser . we it is more appropriate to make trading plan according to practical situations.

Understanding leverage is very important. If you are putting in 100 USD and taking trades worth 10000 USD well chances are one mis-step will spell the end of your account or worse make you place irrational trades after 1 loosing trade.

Every trader at their 1st account tries to get a performance equal to their demo account. Well, there is a huge difference between demo and real accounts, dont try to match the performance just look to preserve your capital. If you can do that I guarantee by the 5-6 month your performance will...

If anyone wants to trade for living, he should focus on developing skills. It's not like that you came and traded demo for few months and learned some strategies and you will be make good money. Noooo. A person needs to spend years to get skilled both technically and psychologically. Only then...

Making consistent money is possible. But for that you have to skilled enough. It's not a game for kids. You have to give time and dedication for learning. Some people think learning means combination of some indicators. If this happens, do that. But learning is not just getting familiar with...

There are many advantages in trading forex. With merely internet connection and PC you can do the trading from your bed. From the Monday morning opening in Australia to the night close in New York, the forex market never rests. In forex trading, a little deposit you can start trading. Leverage...

Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.