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There are lot of common mistakes every trader do when they are new. I also did the same. Like opening trade position before big news events and after the news events. Opening too many lots is another mistakes. Risking more than 1% of the capital is also a mistake. Another big mistake is...

Not everyone can be a trader. A person with determination, quest for knowledge, patience and good understanding ability can be a trader. And all these qualities can be achieved if one wants. But the problem is most people do not have that much will power. You should choose the career that you...

Learning is the key to success. And practice makes us perfect. Practice means a newbie should do a lot of experiments on demo account to see what works for him. And all these need time. You have to give enough time for learning and research if you want to be a good trader.

Revenge trading is for the most part determined by the dread of being off-base. It's typically when a trader, originating from an especially baffling misfortune, chooses to compensate for it by being more forceful in his/her next trades. It's the worst thing one trader can do. If you loss any...

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.

Learn before you invest your money in forex market. Forex trading requires specific knowledge and skills. You can not make money just by coming into the market. Another advice is choose your broker wisely.

Security of the funds is major issue. There are many brokers that defraud their customers. For good security, you require a good secured broker where you can feel safe. There are many brokers out there who hoodwink their customers.

If trading was made easy, everyone would be rich. Online trading mechanism is designed in a such way that it requires deep knowledge and understanding of the market to make money here. There is no short cut way pf being profitable.

It's good if we can combine both fundamental analysis and technical analysis. I think only technical analysis can also be used for trading and many traders are making money including me. I just stay away from economic news release.

Nobody ought to rely upon luck in trading. You can be respected one or two or three times. In any case, You truly do need to acknowledge what you're doing. It's the relentless work that at long last pays off. In the event that you do solid work in right way, you will get achievement.

Every trader has his own choice and comfort. Some traders use all the time frame to get the market vibes then take entry in a certain time frame like H1 or H4. I personally do not go below D1. I take my entry on D1. You have to find out by yourself which one you understand the most.

Forex trading is a work of professional people. To servive here, you have to match them. You need to be skilled enough to make everything right. Increse the skills by studying and practicing. It needs time. You have to be patient. A doctor needs 5 years to complete his MBBS then internship and...

Scalping is good. But new traders should not do scalping. Scalping tends people to do over trade. Scalping is done in lower timeframe where there is too much noise in chats. It's a barrier to develop good trading psychology. Once you are expert with controlling your emotions in trading, you can...

A mentor can be a good option if you get a good one. Even legendary Warren Buffett had mentor. But his mentor was Benjamin Graham, often known as the father of value investing. A Mentor is good if you get a skilled mentor. Otherwise sefl learning is the best.

Strategy works but not every strategy works for everyone. What works for you, may not work for me. A trader needs to find a strategy that works for him. It takes a lot of time to test strategies.

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...

95% of all traders fall fail" is the most usually utilized trading related measurement around the web. In any case, no examination paper exists that demonstrates this number right. The reason is as a rule trading choices are not founded on sound research or tried trading strategies, yet on...

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...

For online trading, it's the broker through which we can trade. You can lose your hard earned money if you select a bad broker. A good broker is a broker that is regulated by good regulating authorities. An unregulated broker can scam you. That's the reason we should select appropriate broker.

To do forex trading, first you have to give time for learning. It's a professional work that requires specific knowledge and skills. Once you have necessary skilled, you can do it just by spending one or two hours per day. But for learning you have to put your efforts and dedication. One more...